How New York Property Taxes Are Assessed, And Why The Bill Surprises People
Two similar homes on the same street can pay very different tax. The reason is structural, and it is not an error.
The Real Estate Desk
Editorial Staff
The Real Estate Desk covers buying, selling, renting and developing property in New York, including the tax and assessment rules that decide what a building actually costs to own. Reporting under this byline is produced by the editorial staff of Manhattan Standard.
Articles by The Real Estate Desk
Co-op Versus Condo In New York, Honestly
One is cheaper to buy and harder to buy into. The trade is about control, not just price.
What A 421-a Abatement Is, And What Replaced It
The most-searched question in New York property tax, answered without the acronym soup.
What A New York Co-op Board Package Actually Contains
The most invasive financial disclosure most people will ever complete, and the reasoning behind each part.
What A New York Buyer Actually Pays At Closing
The deposit and the price are the visible numbers. The rest arrives as a list on the day.
How Rent Stabilisation Actually Works
A regulatory system covering a large share of the city's apartments, frequently misunderstood by tenants inside it.
How Commercial Property Is Actually Valued
Three approaches, one of which does most of the work in New York.
What A Triple Net Lease Really Means For A Tenant
A low base rent that transfers costs and risks most tenants have not priced.
What Converting An Office Building To Housing Actually Requires
The obstacles are physical and regulatory, and the physical ones are decided by the shape of the building.
How A New York Development Actually Gets Approved
Whether a project needs a discretionary approval determines its timeline more than its size does.
What New York's Affordable Housing Programs Actually Require
Affordable is defined against a regional income measure, which is why the label so often confuses.
What A New York Construction Schedule Actually Depends On
Not the building. The approvals, the utilities and the neighbours.
How To Research A New York Neighbourhood Before You Move
Public records answer most of the questions a viewing cannot.
What A Business Improvement District Actually Does
A funded organization with a defined boundary, paid for by the properties inside it.
How New York's Community Boards Actually Work
Advisory bodies with no binding authority and considerable practical influence.