About Us
Adam Fischel, Amanda and Christina Young, and Laura Kawwa make up the esteemed Young Team Advisory, boasting over 40 years of collective industry experience in New York City's real estate market. Our unwavering dedication to our clients, coupled with a thoughtful approach and diligent work ethic, has earned us a loyal referral network of clients, family, friends, and colleagues who can attest to our success.
Why work with Adam?
Working with Adam can be beneficial for several reasons:
- Expertise in the local market: A New York real estate agent will have a deep understanding of the local real estate market, including current trends, property values, and the neighborhoods in the city. This knowledge can help you find the right property at the right price.
- Access to listings: Real estate agents have access to exclusive property listings that are not available to the general public. This can give you an advantage when searching for a property in a competitive market like New York City.
- Negotiation skills: Real estate agents are skilled negotiators and can help you get the best deal possible. They can also help you navigate complex contracts and legal documents.
- Time-saving: Searching for a property can be time-consuming, especially in a large and competitive market like New York. A real estate agent can help you narrow down your options and save you time by scheduling viewings and handling paperwork.
- Personalized service: A good real estate agent will work closely with you to understand your needs and preferences. They will then use this information to find properties that meet your criteria and guide you through the buying or selling process.
Overall, working with a New York real estate agent can help you find the right property faster and with less stress, while also providing valuable expertise and guidance throughout the process.
Coop and Condos
Condominiums (condos) and cooperatives (co-ops) are two common types of residential property ownership in Manhattan, but there are several key differences between the two:
- Ownership: When you buy a condo, you own the physical space inside the unit as well as a percentage of the common areas of the building. When you buy a co-op, you own shares in a corporation that owns the entire building, and you have the right to occupy a specific unit.
- Approval process: Buying a condo is usually a straightforward process, with the buyer providing financial information and being approved by the condo board. Co-ops, on the other hand, have a more stringent approval process that requires board approval and may involve a thorough review of the buyer's financial history and personal background.
- Monthly costs: Monthly costs for condos usually include common charges, which cover maintenance of the common areas and building amenities, as well as property taxes. For co-ops, monthly costs typically include maintenance fees, which cover the building's operating costs, property taxes, and sometimes mortgage payments on the building's underlying mortgage.
- Resale value: Condos tend to have higher resale values than co-ops, as they are generally more marketable and easier to sell. Co-ops, on the other hand, may have more restrictions on subletting or transferring ownership.
- Financing: Financing a condo purchase is generally easier than financing a co-op purchase. Condo buyers can typically obtain a mortgage for up to 90% of the purchase price, while co-op buyers may need to have a larger down payment and meet stricter financial requirements.
Overall, condos offer a more straightforward ownership structure and easier financing, while co-ops offer a more exclusive and community-oriented living experience with more stringent approval processes and lower monthly costs.