In other words in which cities around the U.S. is the cost to rent so high that having at least one roommate is not really an option, but is a necessity? Having a twenty-something child who recently moved into New York City, I know this problem first-hand! Of course the numbers concerning apartment sharing are […]
New York City Roommate Law Questions And Answers Given the (exorbitant) monthly rents being asked by building owners for apartments throughout New York City, a common question that frequently gets asked by prospective tenants concerns just how many people are legally allowed to live in any given unit? For some answers, and through the wonders of networking, I was […]
In a ‘What’s happening in Albany’ story, rent regulation laws and the 421-a tax abatement program are, incredibly, being held hostage by politics! In other words at the New York State level we are witnessing a carbon copy of Washington politics, a place where the battling between Democrats and Republicans is done at the expense of ordinary citizens who […]
Unlike the way that a value or asking price for residential real estate is determined, the worth of a commercial property is based primarily off of one thing…NET OPERATING INCOME! Residential Real Estate 101 Residential property will generally be valued using a comparison to other properties in the general vicinity. Recent closed sales that occurred nearby the […]
Cap Rates: What they are and where they are heading! For commercial real estate the term capitalization rate, better known as the cap rate, is one of the key measures that can define the attractiveness of an income producing property! The cap rate is simply calculated by taking the net operating income of a building, […]
Hallmark Abstract Service is happy to announce that we now have even closer ties than before to the Brooklyn, New York real estate community! We have achieved that status by having been added to the Directory at the renowned Brooklyn multifamily real estate blog, BK to the Fullest. In an article there today the Hallmark […]
Introduction At Hallmark Abstract Service we attempt to provide clients with information they hopefully find timely and useful that they potentially may be able to share with their own clients. With that in mind, we wanted to offer an overview of commercial real estate mortgages and some of the issues surrounding what for many buyers is […]
