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An Overview of Title Insurance

Posted by Melvin Monachan | Apr 26, 2018 | 0 Comments

Oftentimes, people imagine the real estate closing process as an hour-long meeting filled with seemingly endless paperwork to be signed. The signing process is only a step in the real estate closing process. Equally as important to a real estate closing is the title examination, which is meant to...

Tenant Screening Laws in New York City Housing

Posted by Melvin Monachan | Mar 15, 2018 | 0 Comments

Roughly 35% of the U.S. population resides in rental housing while in New York this figure is approximately 24%. New York City is among the most costly cities to purchase or lease residential property with the median rent price of $1,830 for unregulated units in 2016. The city has managed laws re...

New York Property Tax Reform: The Pressure Builds

Posted by Melvin Monachan | Feb 22, 2018 | 0 Comments

In 2017, a group of homeowners, renters, landlords and organizations associated with social justice and civil rights has formed a consumer coalition: Tax Equity Now New York (TENNY). This coalition was created to address inequities in the states property tax system through a lawsuit. The group h...

Breaking a Lease in a New York City Apartment

Posted by Melvin Monachan | Feb 15, 2018 | 0 Comments

Perhaps you have a roommate that is intolerable, are ending a relationship, or have a great job offer in another town? To break a lease, first you should determine what your remaining obligation is. The best initial course of action is typically to reach out to the landlord. This should be done i...

The Real Estate Market in Brooklyn Continues to Surge

Posted by Melvin Monachan | Jan 11, 2018 | 0 Comments

As real estate markets in Manhattan and surrounding regions have been flat, the market in Brooklyn continued to rise in 2017. The borough had their third-highest pricing report ever, as the median sales price was $770,000, a 2.7% increase over last year. The appraisal firm of Miller Samuel explai...

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