What is the difference between a co-op and a condo in NYC?

Co-ops (approximately 75% of NYC apartment inventory): You buy shares in a corporation that owns the building and receive a proprietary lease. Board approval is required. Condos (approximately 25% of inventory): You own your individual unit with a deed. No board approval is required. Co-ops typically have stricter financial requirements and higher monthly fees that include property taxes, while condos offer more subletting flexibility and different closing costs.

What are typical financial requirements for buying a co-op in NYC?

Co-ops typically require a 20-50% down payment plus post-closing liquidity (cash reserves often equal to 1-2 years of maintenance). Condos are more flexible, with 10-20% down payment options common. Both property types require lenders to evaluate debt-to-income ratios and credit history. Individual buildings may have additional requirements, so always verify with the listing agent before making an offer.

How long does it take to close on a property in NYC?

Closing timelines vary by property type. Condos and townhouses typically close in 30-45 days from signed contract. Co-ops take longer: 60-90 days or more, because the board package must be assembled and submitted, the board must review it, and an interview must be scheduled before approval. All-cash purchases close faster than financed purchases regardless of property type.

What closing costs should I expect when buying in NYC?

NYC closing costs for buyers range from approximately 2-6% of the purchase price depending on property type and financing. Condo buyers pay title insurance, NYC/NYS transfer taxes paid by the seller, mortgage recording tax (if financing), and mansion tax on purchases over $1M. Co-op buyers do not pay title insurance or mortgage recording tax but do pay attorney fees, application fees, and the mansion tax on purchases over $1M. Both need a real estate attorney, which typically costs $3,000-4,500 in NYC.

Can I see NYC homes before they hit the market?

Yes. Through the RLS Coming Soon listing status and Keller Williams pre-market tools, Milton Coste can show buyers properties before they officially go active on the MLS. Coming Soon listings appear on RLS, Zillow, Trulia, and StreetEasy with full photos, details, and pricing. Showings and offers cannot be accepted until the listing goes active, but buyers get early access to prepare their offer strategy before competition arrives.

What is the FARE Act and how does it affect NYC renters?

The FARE Act (Fairness in Apartment Rental Expenses Act) took effect June 11, 2025. It requires that whoever hires a broker, typically the landlord, pays the broker fee. Tenants can no longer be required to pay broker fees on landlord-engaged broker listings. Tenant-engaged brokers can still charge tenants. The FARE Act applies to rental transactions only, not to buying or selling.

What is a flip tax in an NYC co-op?

A flip tax is a fee some co-op buildings charge when a unit is sold. It typically ranges from 1-3% of the sale price, though some buildings calculate it per share. The seller usually pays it, though some buildings assign it to the buyer or split it. On a $1.2M sale with a 2% flip tax, the seller owes $24,000 to the building before taking proceeds. Always verify flip tax policies before making an offer or listing.

Do I need a real estate attorney to buy or sell in NYC?

Yes. Unlike most US states, New York real estate closings are attorney-driven. Both the buyer and seller are represented by licensed real estate attorneys who review the contract, negotiate riders, handle due diligence, coordinate with the lender and title company, and attend the closing table. Attorney fees in NYC typically run $3,000-4,500 per side. Title companies play a secondary role compared to states with escrow-based closings.

How does the FARE Act affect landlords?

The FARE Act (effective June 2025) requires landlords to pay broker fees they arrange, provide written fee disclosures, and follow compliant advertising practices. Working with an experienced agent ensures full legal compliance.

What does a rental leasing agent do for landlords?

A leasing agent handles professional photography, listing syndication to 100+ sites, tenant screening, showings, application processing, lease preparation, and FARE Act compliance documentation.

Tudor City Rental Leasing Agent | List Your Tudor City Rental

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Tudor City Rental Market

Tudor City features a collection of traditional multi-family residences and residential cooperative housing. The area boasts established green spaces and is serviced by various transit lines, ensuring accessibility throughout the neighborhood. Its architecture showcases classic New York City styles, defining the physical character of the borough.

Tudor City Market Report | Buy in Tudor City | Sell in Tudor City

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Recently Rented in Tudor City

6 recent rental comps · Closed lease data from RLS

$6,450/mo

Rented

246 E 44th Street #2

4 bed2 bath

Listed by Bond New York Properties LLC

$2,250/mo

Rented

246 E 45th Street #3M

0 bed1 bath

Listed by Bond New York Properties LLC

$2,150/mo

Rented

246 E 45th Street #3F

0 bed1 bath

Listed by BOND New York

$4,250/mo

Rented

246 E 44th Street #4

4 bed2 bath

Listed by BOND New York

$2,150/mo

Rented

246 E 45th Street #3F

0 bed1 bath

Listed by BOND New York

$2,000/mo

Rented

45 TUDOR CITY Place #818

1 bed1 bath

Listed by Bizzarro Agency LLC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.

Why Landlords Choose Milton

Dual MLS Syndication
Your listing reaches 57,000+ agents through both REBNY RLS and OneKey MLS, plus StreetEasy, Zillow, and 100+ sites.

Professional Media Package
HDR photography, 3D Matterport tours, cinematic video, and virtual staging included with every listing.

Thorough Tenant Screening
Credit, employment, rental history, and reference verification. Fair housing compliant screening that protects you.

FARE Act Compliance
Full documentation, proper fee disclosures, and compliant advertising so your leasing process is legally protected.

Bilingual: English & Spanish
Reach a wider tenant pool. Full service in both languages. Hablo Español.

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC | License #10401274378

See The Difference

Professional Media Showcase

Drag the sliders to compare. Every rental listing gets a full media package at no extra cost.

Photography & Decluttering

Before Decluttered

Professional HDR photography + digital decluttering

Virtual Staging

Empty Staged

Virtually staged using AI technology. Actual property may appear different.

Interactive 3D Matterport Tour

Click and drag to explore · Out-of-state tenants can tour remotely

Professional Floorplan

Accurate dimensions · PDF & interactive versions

Cinematic Property Tour

Social Media Reel

Instagram, TikTok & Facebook Reels

Included in every rental listing: Professional HDR photography · 3D virtual tours · Video walkthroughs · Virtual staging · Floorplans

Maximum Distribution

✓ RLS/REBNY + StreetEasy + Zillow + 50+ sites
✓ Social media campaigns across all platforms
✓ Email blasts to 20,000+ contacts
✓ Agent networking: 57,000+ NYC brokers

Smart Marketing

✓ Virtual staging & decluttering
✓ SEO-optimized listing descriptions
✓ Precision tenant targeting
✓ 24/7 automated lead response

Data-Driven Pricing

Real-time MLS rental comps, building lease history, and market trend analysis to price your unit competitively and minimize vacancy days.

Thorough Tenant Screening

Credit checks, employment verification, rental history review, and reference checks. Fair housing compliant screening that protects your investment.

Advanced Market Analytics

Data-driven listing descriptions that highlight your property's best features, targeted ad campaigns that reach qualified tenants, and real-time market analysis to optimize pricing and timing.

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FARE Act Compliance: What Landlords Need to Know

The Fairness in Apartment Rental Expenses Act (effective June 2025) changed how rental transactions work in NYC. I ensure your listing is fully compliant:

Compliant fee structures and disclosure documents

Written fee disclosures prepared before lease signing

Fair housing compliant advertising and screening

Full documentation trail protecting your interests

Read our full FARE Act breakdown →

How It Works

The Leasing Process

Property Evaluation

Assess condition, recommend improvements, set competitive market rent

Professional Marketing

HDR photos, 3D tours, video, and syndication to 100+ sites

Showings

I handle all inquiries and conduct showings. You do not lift a finger.

Tenant Screening

Credit, employment, rental history, and reference verification

Lease Execution

FARE-compliant lease with all required disclosures and documentation

Move-In

Key exchange, move-in inspection, and tenant onboarding

Landlord FAQ: Renting in Tudor City

What are current rental rates in Tudor City?

The median asking rent is $3,200 per month, with rents up 3.1% year-over-year. There are currently 18 competing listings on the market. I provide a detailed rental comp analysis to price your unit competitively.

How quickly can you fill my vacancy?

With professional media (HDR photos, 3D Matterport, video), syndication to 100+ listing sites, and my network of 57,000+ agents through dual MLS access, most well-priced units receive qualified applications within the first two weeks of listing.

How do you screen tenants?

I run comprehensive screening that includes credit checks, employment verification, rental history review, and reference checks. All screening follows fair housing guidelines and FARE Act requirements to protect you legally.

What does your leasing service include?

Everything from professional photography and listing creation, to showings, application processing, lease preparation, and move-in coordination. I also handle FARE Act compliance documentation so you are fully protected.

For Property Owners

Own a Rental in Tudor City?

I help landlords fill vacancies faster with professional marketing, thorough tenant screening, and full FARE Act compliance.

Professional Media

HDR photos, 3D Matterport, cinematic video, virtual staging

Maximum Exposure

StreetEasy, Zillow, Apartments.com, Homes.com + 100 sites via MLS

Tenant Screening

Credit, employment verification, rental history, and reference checks

View Landlord Guide Free Landlord Consultation

Rent Your Tudor City Property Faster

Free landlord consultation. Professional marketing, thorough tenant screening, and full FARE Act compliance for your rental listing.

Milton Coste

Licensed Associate Broker

Keller Williams NYC | Lic. #10401274378

(917) 416-7433

Text (917) 416-7433

mcoste@kwnyc.com

Hablo Español · English & Spanish

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Lease Your Tudor City Rental

Tudor City Rental Market

Browse Tudor City Rentals

Recently Rented in Tudor City

Why Landlords Choose Milton

Milton Coste

Professional Media Showcase

Photography & Decluttering

Virtual Staging

Interactive 3D Matterport Tour

Professional Floorplan

Cinematic Property Tour

Social Media Reel

Maximum Distribution

Smart Marketing

Data-Driven Pricing

Thorough Tenant Screening

Advanced Market Analytics

FARE Act Compliance: What Landlords Need to Know

The Leasing Process

Property Evaluation

Professional Marketing

Showings

Tenant Screening

Lease Execution

Move-In

Landlord FAQ: Renting in Tudor City

What are current rental rates in Tudor City?

How quickly can you fill my vacancy?

How do you screen tenants?

What does your leasing service include?

Own a Rental in Tudor City?

Professional Media

Maximum Exposure

Tenant Screening

Rent Your Tudor City Property Faster

Milton Coste

Schedule with Milton

You're Confirmed!