# Manhattan Miami Notes — Glossary

> Short luxury real estate definitions. Full authority content: https://www.manhattanmiami.com/

## Terms
- [Billionaires' Row](https://notes.manhattanmiami.com/billionaires-row): The corridor of supertall condominiums along West 57th Street and Central Park South, including Central Park Tower, 111 … → https://www.manhattanmiami.com/billionaires-row-apartments-for-sale
- [Trophy apartment](https://notes.manhattanmiami.com/trophy-apartment): A rare, highly visible residence defined by location, view plane, scale, and building pedigree rather than square footag… → https://www.manhattanmiami.com/manhattan/top-50-nyc-penthouses-for-sale
- [Pied-à-terre](https://notes.manhattanmiami.com/pied-a-terre): A part-time New York City residence used by owners whose primary home is elsewhere. Tax, domicile, and carrying-cost con… → https://www.manhattanmiami.com/blog/manhattan/pied-a-terre-tax-billionaires-row-demand
- [Central Park-front](https://notes.manhattanmiami.com/central-park-front): A condominium with a primary view axis toward Central Park from the south side of the park or along Central Park South. … → https://www.manhattanmiami.com/billionaires-row-apartments-for-sale
- [Co-op vs condo (NYC)](https://notes.manhattanmiami.com/co-op-vs-condo): In New York City, co-op ownership is via shares in a corporation with board approval, debt restrictions, and sublet rule… → https://www.manhattanmiami.com/resources/buying-an-apartment-in-nyc
- [Mansion Tax (NYC)](https://notes.manhattanmiami.com/mansion-tax): A progressive buyer-side transfer tax on New York City residential purchases, with rates that increase by price tier abo… → https://www.manhattanmiami.com/closing-costs-nyc
- [Flip tax](https://notes.manhattanmiami.com/flip-tax): A transfer fee charged by some cooperative buildings on sale proceeds, paid by seller or buyer per building policy. Rele… → https://www.manhattanmiami.com/net-proceeds-calculator
- [CEMA](https://notes.manhattanmiami.com/cema): Consolidation, Extension, and Modification Agreement — a refinance structure that can reduce mortgage recording tax on c… → https://www.manhattanmiami.com/closing-costs-nyc
- [Documentary Stamp Tax (Miami-Dade)](https://notes.manhattanmiami.com/documentary-stamp-tax): Miami-Dade County imposes a documentary stamp tax on real property conveyances, generally calculated on the purchase pri… → https://www.manhattanmiami.com/miami-closing-costs
- [NYC vs Miami closing costs](https://notes.manhattanmiami.com/nyc-vs-miami-closing-costs): Manhattan and Miami use different transfer-tax structures, recording rules, and recurring carrying-cost assumptions. On … → https://www.manhattanmiami.com/nyc-vs-miami-closing-costs
- [NYC–Miami capital corridor](https://notes.manhattanmiami.com/capital-corridor): The cross-market relationship between Manhattan and Miami luxury real estate for buyers evaluating two-home strategies, … → https://www.manhattanmiami.com/nyc-vs-miami
- [NYC to Miami tax migration](https://notes.manhattanmiami.com/tax-migration): The process by which high-net-worth households evaluate changing tax domicile from New York to Florida. Domicile is fact… → https://www.manhattanmiami.com/nyc-to-miami-tax-migration
- [FIRPTA](https://notes.manhattanmiami.com/firpta): The Foreign Investment in Real Property Tax Act requires withholding on certain U.S. real estate dispositions by foreign… → https://www.manhattanmiami.com/resources/international-buyers-guide-nyc-miami
- [International buyer (U.S. luxury)](https://notes.manhattanmiami.com/international-buyer): A non-U.S. purchaser acquiring Manhattan or Miami condominium inventory. Ownership structure, financing, FIRPTA, wire co… → https://www.manhattanmiami.com/resources/international-buyers-guide-nyc-miami
- [Pre-construction / sponsor inventory](https://notes.manhattanmiami.com/pre-construction): New-development units sold by the sponsor before or during construction, often with distinct deposit schedules, alterati… → https://www.manhattanmiami.com/miami-pre-construction
- [Branded residence](https://notes.manhattanmiami.com/branded-residence): A condominium or hotel-residence product affiliated with a hospitality or luxury brand, often with branded amenities, se… → https://www.manhattanmiami.com/branded-residences-miami
- [Fisher Island](https://notes.manhattanmiami.com/fisher-island): A ferry-access private island in Miami Beach (ZIP 33109) with club membership requirements, limited inventory, and some … → https://www.manhattanmiami.com/miami/guide-to-living-on-fisher-island-florida
- [Star Island](https://notes.manhattanmiami.com/star-island): A guard-gated island enclave in Miami Beach known for waterfront estate-scale homes and limited turnover. Product type i… → https://www.manhattanmiami.com/billionaire-neighborhoods-in-miami
- [Indian Creek](https://notes.manhattanmiami.com/indian-creek): A private island village in Miami-Dade County with a small number of waterfront estates and heightened security. Often r… → https://www.manhattanmiami.com/billionaire-neighborhoods-in-miami
- [Waterfront premium](https://notes.manhattanmiami.com/waterfront-premium): The pricing increment for direct bayfront, oceanfront, or canal-front exposure relative to non-waterfront inventory in t… → https://www.manhattanmiami.com/miami/top-50-penthouses-in-miami-beach
- [Off-market inventory](https://notes.manhattanmiami.com/off-market): Properties marketed privately without broad MLS distribution. At the ultra-luxury tier, off-market and confidential-sale… → https://www.manhattanmiami.com/private-advisory
- [Net proceeds](https://notes.manhattanmiami.com/net-proceeds): The estimated cash a seller retains after brokerage commission, transfer taxes, flip taxes (if applicable), mortgage pay… → https://www.manhattanmiami.com/net-proceeds-calculator
- [Market intelligence](https://notes.manhattanmiami.com/market-intelligence): Cross-market pricing context, inventory conditions, and acquisition framing for Manhattan and Miami luxury condominiums.… → https://www.manhattanmiami.com/market-intelligence
- [Manhattan condo market analysis](https://notes.manhattanmiami.com/manhattan-market-analysis): Weekly and quarterly data on signed contracts, inventory, price per square foot, and luxury-tier splits across Manhattan… → https://www.manhattanmiami.com/manhattan-condo-market-analysis
- [Miami condo market analysis](https://notes.manhattanmiami.com/miami-market-analysis): Editorial market reporting on Miami condominium trends, including branded vs unbranded splits and submarket bifurcation.… → https://www.manhattanmiami.com/miami-condo-market-analysis
- [Private advisory](https://notes.manhattanmiami.com/private-advisory): Confidential buyer or seller representation for $3M–$50M+ Manhattan and Miami acquisitions, including cross-market strat… → https://www.manhattanmiami.com/private-advisory
- [Co-op board package](https://notes.manhattanmiami.com/co-op-board-package): The financial and personal disclosure dossier a buyer submits to a cooperative board for approval. Board review timeline… → https://www.manhattanmiami.com/resources/buying-an-apartment-in-nyc
- [Sponsor unit](https://notes.manhattanmiami.com/sponsor-unit): A cooperative or condominium unit sold directly by the developer or converter, often with distinct board-approval rules,… → https://www.manhattanmiami.com/nyc-new-developments
- [421-a tax abatement](https://notes.manhattanmiami.com/421-a): A New York property tax incentive program for certain new residential construction. Abatement phase-in and expiration af… → https://www.manhattanmiami.com/manhattan-condo-market-analysis
- [Jumbo mortgage](https://notes.manhattanmiami.com/jumbo-mortgage): A mortgage loan above conforming limits, common in Manhattan and Miami luxury purchases. Rate, reserve, and asset-verifi… → https://www.manhattanmiami.com/resources/international-buyers-guide-nyc-miami
- [Flood zone (Miami)](https://notes.manhattanmiami.com/flood-zone): FEMA-designated flood hazard areas affecting insurance requirements, lender conditions, and waterfront due diligence. Mi… → https://www.manhattanmiami.com/miami/guide-to-living-on-fisher-island-florida

## Localized guides
- https://notes.manhattanmiami.com/languages
- Español: 7 priority topics linked from glossary
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- Русский: 7 priority topics linked from glossary
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## Primary site
- https://www.manhattanmiami.com/llms.txt