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Condo Law & Practices

Don’t Bet on Flip Taxes

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As 2023 draws to a close, the New York metro’s co-op and condominium communities are feeling the consequences of a long, slow, persistent market decline brought on by the pandemic, rising interest rates, and inflation. That decline has meant a drop in apartment resales, which in turn has led to less revenue from flip taxes. Amid the more immediate concerns over rising prices and soaring interest r…


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