The steady market inflation of property tax increases of New York City brownstones could provide some unique opportunities for those who are savvy enough to grab on.
Market values for one, two and three family homes saw an increase of 8.6% citywide…while Brooklyn saw the greatest increase in market value of nearly 18%. This consistent climb in the market is fantastic news if you’re a real-estate broker, but what does this mean for the property owners that already own a home in Brooklyn area? And what does it mean for their insurance values?
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About Distinguished Programs
Distinguished Programs is a leading national insurance Program Manager and MGA providing specialized insurance programs to brokers and agents with specific expertise in Fine Art and Collectibles, Environmental and Construction Professional, Executive Lines, Inland Marine, Real Estate, Community Associations, Surety, Hotels, and Restaurants. Property and Liability products are distributed through a national network of agents and brokers. Serving the same core markets and partnering with the most stable and reputable carriers, Distinguished’s high-limit Umbrella programs remain the clear choice in its area of specialty for superior coverage, competitive pricing, and attentive service. Through thoughtful innovation, stemming back to 1995, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees.
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