{
  "country": "US",
  "region": "NY",
  "regionName": "New York",
  "isScaffold": false,
  "currency": "USD",
  "currencySymbol": "$",
  "locale": "en-US",
  "lengthUnit": "sqft",
  "mortgageCompounding": "monthly",
  "minDownPct": 0.03,
  "defaultAmortYears": 30,
  "mortgageInsuranceName": "PMI",
  "pmiRate": [
    {
      "ltv": 0.97,
      "rate": 0.008
    },
    {
      "ltv": 0.95,
      "rate": 0.007
    },
    {
      "ltv": 0.9,
      "rate": 0.005
    },
    {
      "ltv": 0.85,
      "rate": 0.003
    },
    {
      "ltv": 0.8,
      "rate": 0
    }
  ],
  "transferTaxLayers": [
    {
      "name": "New York State Transfer Tax",
      "brackets": [
        {
          "upTo": 499999,
          "rate": 0.004
        },
        {
          "upTo": null,
          "rate": 0.0065
        }
      ],
      "notes": "NY State RP-5217 transfer tax. Buyer typically pays.",
      "source": "https://www.tax.ny.gov/bus/transfer/rptidx.htm"
    },
    {
      "name": "NYC Real Property Transfer Tax (NYC only)",
      "brackets": [
        {
          "upTo": 499999,
          "rate": 0.01
        },
        {
          "upTo": null,
          "rate": 0.01425
        }
      ],
      "notes": "Applies only within New York City limits. Commercial rates are higher.",
      "source": "https://www.nyc.gov/site/finance/taxes/property-real-property-transfer-tax-rptt.page"
    },
    {
      "name": "NYC Mansion Tax (NYC, $1M+)",
      "brackets": [
        {
          "upTo": 999999,
          "rate": 0
        },
        {
          "upTo": 1999999,
          "rate": 0.01
        },
        {
          "upTo": 2999999,
          "rate": 0.0125
        },
        {
          "upTo": 4999999,
          "rate": 0.015
        },
        {
          "upTo": 9999999,
          "rate": 0.0225
        },
        {
          "upTo": 14999999,
          "rate": 0.0325
        },
        {
          "upTo": 24999999,
          "rate": 0.035
        },
        {
          "upTo": null,
          "rate": 0.039
        }
      ],
      "notes": "Progressive mansion tax on NYC residential purchases >= $1M. Buyer pays.",
      "source": "https://www.nyc.gov/site/finance/taxes/property-real-property-transfer-tax-rptt.page"
    }
  ],
  "typicalPropertyTaxRate": 0.02,
  "depreciationMethod": "MACRS",
  "depreciationRate": 0.03636,
  "capitalGainsInclusionRate": 0.15,
  "salesTaxOnNewConstruction": 0,
  "deposit": {
    "cap": 1,
    "interestRate": null,
    "holdType": "trust",
    "source": "https://hcr.ny.gov/apartment-and-building-registration"
  },
  "rentIncrease": {
    "guideline": null,
    "noticeDays": 30,
    "belowMarketExempt": false,
    "abi1482Style": false,
    "source": "https://hcr.ny.gov/rent-stabilized-units"
  },
  "lateFeeMax": 50,
  "lateFeeGraceDays": 5,
  "str": {
    "requiresLicense": true,
    "primaryResidenceOnly": true,
    "source": "https://www.nyc.gov/site/specialenforcement/short-term-rental-registration/overview.page"
  },
  "officialLinks": {
    "tenancyAct": "https://hcr.ny.gov/system/files/documents/2021/12/ny-hstpa-2019.pdf",
    "rentIncreasePage": "https://hcr.ny.gov/rent-guidelines-board",
    "depositRules": "https://hcr.ny.gov/apartment-and-building-registration",
    "transferTax": "https://www.tax.ny.gov/bus/transfer/rptidx.htm",
    "ltb": "https://www.nycourts.gov/courts/nyc/housing/",
    "revenueDept": "https://www.irs.gov/"
  },
  "lastVerified": "2025-01-15",
  "notes": "NYC rent stabilization rules are extremely complex. Good Cause Eviction law (2024) extends some protections statewide. NYC Local Law 18 severely restricts STRs — verify current status. Mansion tax is tiered and progressive."
}