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Thriving during the Pandemic: Is it Possible?

Posted by Melvin Monachan | Mar 26, 2021 | 0 Comments

New York City residents have been through a rough year, especially after the spring's COVID-19 circumstances. As the pandemic continues, many factors would seem to indicate that everything is dire. For example, a recent report issued by Unacast asserts that roughly 70,000 (net) residents have lef...

The End of The 21 Club in NYC

Posted by Melvin Monachan | Mar 18, 2021 | 0 Comments

In the month that COVID infections in New York passed one million, the city learned that an iconic Manhattan institution would be closing. Back in December, when Gov Andrew Cuomo announced another city-wide ban on indoor dining in New York, historic restaurant The 21 Club made their own announce...

Lessons from the Tillary Hotel bankruptcy

Posted by Melvin Monachan | Mar 02, 2021 | 0 Comments

The COVID-19 pandemic has hit real estate hard over the last nine months, and the hospitality industry is struggling. Some New York City hotels were already struggling to make debt payments, and the worldwide epidemic was the final blow. The Tillary Hotel The owner of the Tillary Hotel in Brook...

Foreclosures Spiking in NYC: What It Means for You

Posted by Melvin Monachan | Feb 25, 2021 | 0 Comments

The months of financial hardship during the global pandemic are starting to take their toll among New York City homeowners. Despite numerous federal and state moratoria on evictions and foreclosures, Real Estate Weekly reports that NYC is currently among the top cities in the nation in the number...

Back to Business as Usual?

Posted by Melvin Monachan | Feb 09, 2021 | 0 Comments

With the percent of positive COVID-19 cases increasing week over week, indoor dining shutting down, and Mayor Bill de Blasio indicating that a complete shutdown may be necessary after Christmas, it's hard to imagine when the city that never sleeps will return to normal. However, that in fact, is ...

Reducing Uncertainty When Closing on a New Home

Posted by Melvin Monachan | Feb 06, 2021 | 0 Comments

Buying a home can be one of the largest purchases or investments a person makes in their lifetime. Figuring out the best loan rates, where to purchase, and hoping the sellers accept your offer can make the entire process feel stressful and open-ended. While you can't reduce all of the uncertainty...

Moratorium on Evictions and Foreclosures Extended

Posted by Melvin Monachan | Jan 25, 2021 | 0 Comments

When the COVID-19 pandemic began to rage across the U.S. in March of 2020, and the U.S. shut down businesses to try to slow the spread, the country took a big financial hit. People lost their jobs or faced furloughs and found themselves unable to pay their rent or mortgages. It was truly a scary ...

Foreclosures and COVID

Posted by Melvin Monachan | Nov 16, 2020 | 0 Comments

The economic downturn from the coronavirus pandemic has forced many home and business owners into foreclosure. The federal government has instituted emergency mortgage relief measures, however. How can you use these regulations to avoid foreclosure during the era of COVID-19, and what lessons can...

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