Teresa Alessandro Teresa Alessandro

Unlocking NYC Property Tax Savings: The Prevailing Wage Tax Abatement Advantage

As a seasoned NYC real estate broker, I often guide clients through the intricate landscape of property ownership in our vibrant city. One of the most impactful yet underutilized incentives is the Cooperative and Condominium Property Tax Abatement, especially when paired with compliance to prevailing wage requirements. Let's delve into how this synergy can lead to significant financial benefits for co-op and condo owners.

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Teresa Alessandro Teresa Alessandro

Women in Real Estate then and now...

Teresa Alessandro and Dena Zarra of COMPASS in Greenwich Connecticut often times service clients moving between Manhattan and Greenwich. Women in real estate are always spearheading the changes needed to service buyers and seller.

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Teresa Alessandro Teresa Alessandro

Safer Buildings = Lower Interest Rates

SWARMP stands for "Safe with a Repair and Maintenance Program". It's a building classification in New York City's Facade Inspection and Safety Program (FISP) that indicates a building's exterior walls are safe but need repairs or maintenance to prevent them from becoming unsafe in the next five years. Unsafe buildings means your interest rate could be higher.

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