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Buying, Market Insights, Pied-à-Terre Elevated Team 6/22/26 Buying, Market Insights, Pied-à-Terre Elevated Team 6/22/26

NYC Co-op Buyers: The New Application Timeline Law Starting July 28, 2026

Starting July 28, 2026, NYC co-op boards face hard deadlines: 15 days to acknowledge a purchase application, 45 days to decide. The buyer side of the most consequential change to NYC co-op buying in a generation.

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Buying, Market Insights, Pied-à-Terre Elevated Team 6/4/26 Buying, Market Insights, Pied-à-Terre Elevated Team 6/4/26

NYC Co-op Boards and the Pied-à-Terre Tax: What Boards Should Be Asking

If you serve on a NYC co-op board, the pied-à-terre tax is the building’s problem, not just the shareholder’s. The mechanics are not fully clarified, and the worst-case exposure is at the corporation level. Here is what boards should be discussing with counsel now.

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NYC Pied-à-Terre Tax 2026: Status, Rates, and What It Means for Owners
Pied-à-Terre, NYC, Taxes Zeve Salman 5/28/26 Pied-à-Terre, NYC, Taxes Zeve Salman 5/28/26

NYC Pied-à-Terre Tax 2026: Status, Rates, and What It Means for Owners

What the NYC pied-à-terre tax is now that it has passed, who pays, the rates and exemptions, and the phase-two trap that hits many condo and co-op owners in 2028.

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Elevated is a team of real estate salespersons affiliated with Compass. Compass is a licensed real estate broker and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Equal Housing Opportunity. New York Fair Housing Notice

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