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Buying property in the United States is open to noncitizens. Foreigners buying real estate in New York City are not limited to certain property types, and the city welcomes international buyers. You’ve got plenty of choices, from condos and co-ops to townhouses and new developments. Just be aware that the NYC real estate scene has...

Real estate investment in New York comes in many forms. Some options need a lot of hands-on management. Others don’t. Each path has tax consequences. Many investors look for ways to cut the bill, and a 1031 can help with deferring taxable gains using 1031 exchanges. You also need to be clear on how the...

If you are selling or buying real estate in NYC, closing costs add up. One of the biggest line items is transfer taxes. NYC and New York State charge transfer taxes for transferring title on most deals, including single-family homes, condos, and co-ops. If you are buying new construction, many sponsors shift these taxes to...

FIRPTA is a federal tax rule found in Section 1445 of the Internal Revenue Code. It lets the United States collect tax when a foreign person sells a U.S. real property interest. In plain terms, the law treats part of the sale proceeds as a prepayment of potential tax. If you are buying from a...

Finding an apartment with real breathing room in New York City is tough. Most places are tight. If your building has a rooftop you can use, that space can feel like an outdoor living room. If you get exclusive use, even better, especially in a city where access to such can be limited and pricey....

Rates are ticking up, but you still have a chance to get a refinance or a CEMA (Consolidation, Extension, and Modification Agreement) at a fair rate. A refinance can cut your monthly payment and add up to thousands in yearly savings. With a CEMA, you can roll your current loan into a new one and...