Good Morning New York, Real Estate with Vince Rocco

Tales of neighborhood gentrification are nothing new in this city, but it's hard to ignore just how high-end the gentrification of the once-Bohemian Greenwich Village has made the area.

As New York faces a residential development boom and a limited resale inventory, there is pressure on the developers to both accommodate the growing population and maintain the city's historical culture and history.

Presidential Candidates may be courting voters in Iowa and New Hampshire but they're courting donors in New York City as well. And a sizable number of New York real esate players have already ponied up for their favorite 2016 White House favorites.

We all know that co-op boards can and do deny purchasers from time to time but what about condos? While a condo board may have what's known as the "right of first refusal" on your sale, it can still

turn you down.

Considering the near constant barrage of headlines about apartment prices consistently breaking records in each borough, you could be forgiven for taking a sky's the limit approach to pricing your own apartment, but you really shouldn't.

When it comes to closing the sale of a New York apartment, 'it ain't over till it's over'.

Neil B. Garfinkel is the Partner-in-Charge of AGMB’s Real Estate and Banking Practices. His legal experience is diverse and his practice focuses on all aspects of commercial and residential real estate, title, banking and lending law.

Your first foray into the New York real estate market can be something of a rude awakening. Purchasing and renting in New York City isn't for the faint at heart.