When all is said and done, a savvy seller recoups tens of thousands of dollars in prepayments if everything is documented and adjusted. Capital gains tax is generally payable by a seller incident to the sale of a home.
His story starts with the launch of Studio 54 in a former opera house and CBS studio on West 54th Street. "That was the first business -- all the forces of the universe came together," he says. "It was like holding onto a lightning bolt."
Leaving the city spawned a curious blend of emotions. In some ways it was a relief: I felt like I was coming up for air. In other ways, I felt almost bereft, like I was losing something, leaving something vital and fizzing and rich behind.
With landmarks being redeveloped for new use, such as the partial conversion of the Verizon Building at 140 West Street, and industrial neighborhoods repositioning themselves as fashion and "foodie" destinations, the landscape of the city is noticeably changing.
Since 1977 Lydia Lunch has been offending sensibilities with her relentless and unfiltered challenges to sex, gender, politics, religion, war, technology, consumerism, the arts, the media .... you name it, no institution has been spared.
A universal decision crucial to residents across the country is the choice to rent or to buy a home. In New York City where both rental and purchase prices are not cheap, the decision can be haunted by uncertainty.
With all the pushback these days against standardized testing, and with so much talk about how kids from different backgrounds learn differently, you'd think we'd have a country sprinkled with schools that dedicate themselves to injecting the arts into education.
Whether you want to be closer to work, or closer to awesome dim sum, finding a more convenient (but still affordable... please?) place to live is something pretty much every New Yorker considers at some point. Well, this should help you do exactly that.
Increasingly a company's office location has been deemed an indicator of its potential for future growth and ability to keep pace with the development of New York City real estate, culture and business.
The child-friendly space with toys, a playroom and hand-painted mural has extra curricular activities and tutoring. The New York Center for Children is privately funded and this benefit aids the journey for our children to be nurtured back to health.
Whether at risk for losing peace and quiet or artsy culture, neighborhoods and their residents embody a local flare to which they may not want to say goodbye. The question remains if the new culture will trump the past.
Could outdoor space make or break a purchase deal? Or make or break a city? As the warm weather approaches, the importance placed on outdoor space in New York City is on the rise. However, at just what cost does the summertime indulgence come?
Fantasy meets reality. The seclusion of a private residence with the amenities of a full-service building may be the most desirable living situation in the constantly active and congested New York City.