Who Lends Here in NYC Coops and Condos
As a NYC listing agent one of my first tasks when I land a new listing is to find a lender that will loan in the building. Not all lenders will loan in a particular building. Some listing agents leave...
View ArticleManhattan Monthly Market Report | August 2015
Market Wide Summary August is typically one of the slowest months of the year in the Manhattan real estate market. While condos had a drop in signed contracts for the month, the number of contracts...
View ArticleLandmarked Properties and Rent Stabilized Units
Landmarked Properties and Rent Stabilized UnitsPreservationists have maintained that historic district designation preserves rent stabilized units. REBNY analyzed data prepared by a tenant advocate for...
View ArticleOn the Market Now | Morningside Heights
There are currently 31 coops on the market in Morningside Heights. Apartments for sale range from a studio asking $265,000 in Morningside Gardens to a 5 bedroom, 3 bath duplex at 440 Riverside drive...
View ArticleTRID - RESPA Integrated Disclosure Rule
TRID, which stands for Truth-In-Lending – RESPA Integrated Disclosures,TRID is a new consumer disclosure law that goes into effect on October 3, 2015. TRID will significantly change the way a mortgage...
View ArticleThird Quarter 2015 Manhattan Market Report
I am delighted to share with you the Q3 Manhattan Report. A detailed analysis of residential real estate sales that closed in Manhattan in Q3 2015 (July 1st through September 30th).Key Findings of the...
View ArticleManhattan Monthly Market Report | September 2015
Manhattan Monthly Market Report | September 2015Market Wide Summary Overall sales were down 17% year-over-year, with declines in both the co-op and condo markets. As is typical at the end of summer,...
View ArticleLow Inventory = Bidding Wars | The Best Buyer Wins
Average co-op sales prices rose year-over- year, to more than $1.35 million in August, but inventory continued to dwindle — it was the 44th consecutive month of declines, according to a report from...
View ArticleManhattan Monthly Market Report | October 2015
Manhattan Monthly Market Report | October 2015Market Wide SummaryManhattan contracts increased 22% from September, a larger than normal monthly boost than past Octobers. However, sales have been...
View ArticleON THE MARKET NOW in HARLEM
Harlem Market StatsThere are 116 active listings on the market in Harlem. The median price is $675,000 the average price is $1,584,858.The median price of recently sold properties in Harlem $730,000...
View ArticleNYC's First Micro-Unit | 335 East 27th Now Leasing
[Rendering of Carmel Place being assembled. Via Monadnock Development.]Leasing began yesterday at Carmel Place (formerly My Micro NY) in Kips Bay. The building has 55 studios that rangefrom 260 to 360...
View ArticleUWS Skyline Future | Zoning Vote Monday
Nearly 40 community boards across the city and the Bronx Borough President had voted against Mayor de Blasio's zoning proposals... but he still says they will move ahead.The next critical vote on Mayor...
View ArticleNew Development | The Art House | East Harlem
1810 Third Avenue | East HarlemLooking for a great deal in Manhattan? The full-service Art House at 1810 Third Avenue at the Southeast corner of East 101st street in vibrant East Harlem is a new condo...
View ArticleManhattan Market Report | November 2015
Market Wide SummaryOverall Manhattan contract activity was level compared to last year yet lower than October, typical of past November trends. There was an uptick in new development sales, driven by...
View ArticleNew Development l TriBeCa l 12 Warren
12warren.com/CARVED FROM THE QUARRY12 Warren is a new residential condominium development in Tribeca that reflects the rich architectural tradition of Tribeca commercial loft buildings. The façade is...
View ArticleDoes an Increase in Interest Rates Affect a Buyer’s Mortgage Payment?
Happy New Year 2016. I've been asked about the meaning of last months Federal Reserve’s decision to raise interest rates by a quarter of a point. So I thought you might appreciate a dose of reality...
View ArticleManhattan Market Report Fourth Quarter 2015
I am delighted to share with you our Q4 Manhattan Report. Inside you will find a detailed analysis of residential real estate sales that closed in Manhattan in Q4 2015 (October 1st through December...
View ArticleQ & A: Is NY Mansion Tax Payable Under $1M?
Q: Can Mansion Tax be payable even when the purchase price is under $1 million? A: By Mark Maimon, VP Sterling National BankUnder certain circumstances, yes! When doing the calculation to determine...
View ArticleManhattan Monthly Market Report | December 2015
Market Wide SummaryDecember was a slow month for Manhattan residential real estate, with both condo and co-op sales down compared to the same time last year. Note, however, that contracts signed are...
View ArticleDid You Know A Coop's Flip Tax Can Affect the Loan?
A coop’s flip tax can affect the maximum loan amount a bank extends to a buyerBy Mark Maimon, VP Sterling National BankBanks have become increasingly concerned with what happens when they take over...
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