Hallmark Abstract Service: Title Insurance Warrior!

Hallmark Abstract Service! We are able to protect supertall buildings in a single transaction across New York State! And, we are expert in protecting single-family homebuyers, commercial property buyers and mortgage refinancers in every real estate transaction that they enter into! Hallmark Abstract Service Is Open For Business And Stands Ready To Serve The New York […]

Question: For a Commercial Landlord, What is The Coronavirus Disclosure/Action Plan Obligation?

The owners of office buildings, office parks, multifamily apartment buildings and other types of commercial property, find themselves facing decisions that they didn’t know existed two months ago! With the spread of coronavirus, in the event that a management company and/or building owner is put on notice that a tenant or visitor is exhibiting symptoms […]

Derivatives: Financial Dynamite Operating in the Shadows…

With unprecedented volatility in the financial markets that’s been brought on by the international spread of coronavirus, and the economic backlash associated with it, is potential systemic risk to the global financial system lurking ‘out there’ in an obscure and often little understood investing vehicle (even for its buyers)… DERIVATIVES! Back in 2015, then reposted […]

Why Aren’t Reverse Mortgages More Popular?

Reverse mortgages represent a way for seniors to tap the equity in their homes, typically without having mortgage payments due each month! The loan is repaid to the lender when the borrower dies, sells the property or leaves the home permanently. The bank cannot seize the home and the borrower is not giving away title […]

Hey Apartment Building Owner – Do Your Tenants Like Living There?

For anyone thinking about moving to a new apartment, it can often be impossible to find out beforehand, what the living experience has been for current or past tenants on a variety of important subjects! Enter Rentgrata, a PropTech firm that provides feedback from actual residents to the questions that potential tenants really want answers to. […]

Mortgage Shopping: Ten Questions You May Have For Your Mortgage Loan Officer!

Money tree for borrowers

  With the 10-year treasury crossing below .75% this morning, potential homebuyers and those on the fence about refinancing may hop off, and pursue a mortgage loan! In other words, with rates at current levels are banks and other lending institutions offering borrowers the opportunity to basically ‘pick money off of the proverbial money tree’? […]

What Percentage of Your Income Should Go Towards Paying Apartment Rent?

Income to Rent ratio

In the New York City apartment rental market, what is the appropriate rent/income ratio that is required to be paid by individuals seeking shelter?  Sadly if you’re a renter and gladly if you’re the building owner, market conditions mandate that many in NYC are paying 50% or more of their income for an apartment… And not for […]

The Wealthiest Community in the New York City Region is…

Photo of a Westchester, NY mansion

For those of us living in and around New York City, whether Long Island, Westchester, New Jersey, Connecticut or one of the five boroughs, it can be hard to imagine what area is the ‘wealthiest’! The term wealthy can have many different meanings but, for our purposes in this article, let’s use average annual household […]

What Are Air Rights, and What Do They Mean for CRE Developers and Investors? by Matt Frankel

Tutorial about air rights

The phrase air rights, depending on who you you’re speaking with, conjures up various thoughts and opinions over exactly what they are! There is of course the environmental and aviation context, but for the purposes of this article we speak of the ability for a developer to build a building to a certain vertical height. One can possess air rights […]

Record Low Treasury Yields: An Historic Opportunity in the Mortgage Market!

10-year treasury yield at 1.31%

With the 10-year treasury hitting an all-time record low yield today (February 25, 2020) of 1.31%, and mortgage rates at or near historic lows, does it seem to anyone else as if the banks are basically ‘giving’ their money away? For current homeowners with a mortgage already outstanding, or a property owner with far less […]