Real Estate in NYC
Waterline Square construction update
Tue, 16 Oct 2018 11:10:20 +0000
Waterline square the 3 building development on the West side from the exterior looks to be finished. The buildings are designed by the starchitects Rafael Vinoly, Kohn Pedersen Fox and Richard Meier. Prices start at just over $1.8 million for 1 bedrooms with occupancy expected in Spring of 2019. Previous coverage of Waterline Square Available … Continue reading Waterline Square construction update
33 townhouse Open houses today in Harlem
Sun, 14 Oct 2018 10:55:38 +0000
In the Hamilton Heights, Central Harlem, market there are 33 open houses set for today. As listings linger on the market and sellers start to come to grips with the idea that the market is in favor of the buyers, some listings sit on the market. As a result, the amount of open houses is … Continue reading 33 townhouse Open houses today in Harlem
Manhattan rental prices starting to increase
Fri, 12 Oct 2018 11:16:59 +0000
The Manhattan median rental price inched up 1.8% to $3,394 according to the latest report while the luxury rents stayed static at $8,194. According to the broker feedback there is a lot of inventory to absorbed into the market and concessions and price still drive the Manhattan rental market. While buyers are staying on the … Continue reading Manhattan rental prices starting to increase
Harlem townhouse market price adjustments
Sat, 06 Oct 2018 11:57:55 +0000
Just two months ago, the Harlem townhouse market report showed 17 listings at $4 million and above. Now as of September 30th, that number has halved to 8. Those listings did not sell as only 4 listings over $4 million have sold this year in the Harlem,Hamilton Heights townhouse market. Either they reduced the price … Continue reading Harlem townhouse market price adjustments
730 Saint Nicholas ave back in the market after community stops drug treatment center conversion
Fri, 05 Oct 2018 14:20:13 +0000
730 St Nicholas ave, located in the Hamilton Heights/Sugar Hill historic district was previously in the news as it was going to be converted to a drug treatment center. The Community mobilized and was able to stop the conversion of the historic home and as a result, the owner has put the property back in … Continue reading 730 Saint Nicholas ave back in the market after community stops drug treatment center conversion
Harlem townhouse September market report
Sun, 30 Sep 2018 10:43:43 +0000
During the months of June, July and August, 16 new Harlem townhouse listings came on the market combined. Apparently, the summer lull is over, as 20 new Harlem townhouse listings came on the market in September. The least expensive listing was $1.399 million for a Convent avenue building sold without interior access. The most expensive … Continue reading Harlem townhouse September market report
How CEMAs help Manhattan buyers and sellers save money
Thu, 27 Sep 2018 12:53:22 +0000
Please note always consult with an attorney on legal matters as this blog is not meant to be substituted for competent legal advice.  CEMAs aka Consolidation extension modification agreement, allow buyers who are purchasing real property (not coops) in New York City save $ on their mortgage recording tax and help sellers to save on … Continue reading How CEMAs help Manhattan buyers and sellers save money
Can a Manhattan rent stabilized tenant own a 2nd home?
Mon, 24 Sep 2018 16:32:00 +0000
Although, it might seem unfair,  a rent stabilized tenant who pays well below market  is allowed to own a 2nd home in Miami or South America or wherever they choose.  As long as the tenant lives in their stabilized apartment for 183 days per year, they can do what they want with their money according … Continue reading Can a Manhattan rent stabilized tenant own a 2nd home?
13 new listings in Harlem townhouse market so far in September
Fri, 21 Sep 2018 22:23:27 +0000
13 new listings have come on the market so far in September which is a healthy amount especially since last month there were only 4 new listings. This is the breakdown of the new listings by price. <$3mm 5 $3-$4mm 7 >$4mm 1 The Author-  Brian Silvestry , a licensed real estate broker, has been selling residential … Continue reading 13 new listings in Harlem townhouse market so far in September
Certificate of no harassment process bogged down
Wed, 19 Sep 2018 12:35:35 +0000
Recently, I applied for a certificate of no harassment(CNH) for one of my listings in the Mount Morris section of Harlem . It was a pretty straight forward process since there had only been only one tenant in the last many years. However, due to the shortage of staff at HPD it took more than … Continue reading Certificate of no harassment process bogged down

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