Real Estate in NYC
Manhattan residential market data analyzed
Tue, 16 Jan 2018 12:05:01 +0000
by  Brian Silvestry Industry pros weigh in on several market segments and take a look ahead to 2018 in the latest edition of the Cooperator. As previous reported here, the luxury market is in a buyer’s market and less expensive properties are still holding with similar price per square foot year over year. This is confirmed by … Continue reading Manhattan residential market data analyzed
Multi-family market ready to benefit from Tax Reform
Mon, 15 Jan 2018 12:00:23 +0000
by  Brian Silvestry One segment of the market that may benefit from the Tax Reform may be multi-family. According to Real estate weekly, some people may decide to rent instead of buying and rents may rise as a result. Also, foreign investors may move into more multi-family properties due to the decrease of the Corporate tax … Continue reading Multi-family market ready to benefit from Tax Reform
Thinking of buying in Midtown?
Sun, 14 Jan 2018 11:07:55 +0000
by  Brian Silvestry If you are thinking of buying in Midtown, Manhattan, take a look the profile of Turtle Bay written by the NYT. One of the few areas that remains a neighborhood and still has affordable apartments relative to the surrounding neighborhoods. As Manhattan nabes expand, will this be a great investment?
About to renovate your Harlem Brownstone?
Sat, 13 Jan 2018 13:19:26 +0000
by  Brian Silvestry If you are considering renovating a NYC brownstone in Harlem, Brooklyn or anywhere in the city, take a look at this article from Brick Underground. Granted it is a little bit of an adverticle but it does give you the basics as far as timelines, potential costs and pitfalls. Not that long ago, … Continue reading About to renovate your Harlem Brownstone?
Manhattan buildings that may appreciate the most in 2018
Fri, 12 Jan 2018 11:59:32 +0000
by  Brian Silvestry Right now due to the new tax laws, some parts of the real estate market will be see price depreciation. See previous coverage. However, some developments like the Upper West side’s Park West Village may see continued price stability and appreciation. The reason is that real estate taxes and SALT (state and local … Continue reading Manhattan buildings that may appreciate the most in 2018
What impact will the tax reform have on Manhattan apartment sales?
Thu, 11 Jan 2018 12:04:59 +0000
by  Brian Silvestry The Manhattan real estate market saw a slower than usual 4th quarter as per many reports ahead of the tax reform. I had one listing where a buyer made an offer only to withdraw that offer for fear of what the final tax reform might be. Her particular fear was that the mortgage … Continue reading What impact will the tax reform have on Manhattan apartment sales?
Mama’s One Sauce by Harlem legend Vy Higgensen
Wed, 10 Jan 2018 11:28:54 +0000
In a 100 year old brownstone on West 126th street, entrepreneur, philanthropist and living legend Vy Higgensen produces here latest success Mama’s One Sauce. Through the joint efforts of Harlem non for profits, Whole Foods, Columbia and lots of sweat equity of Higgensen, Mama’s One Sauce is flying off the shelves at Harlem’s Whole Foods … Continue reading Mama’s One Sauce by Harlem legend Vy Higgensen
Thinking of raising your tenant’s rent?
Tue, 09 Jan 2018 10:28:37 +0000
If you are a small time landlord, you will want to read the NYT article about calculating your tenant’s rent. The takeaway is while a landlord may even live in the same house as a tenant and may know their tenant personally, they should still try to keep the rent as close as possible to … Continue reading Thinking of raising your tenant’s rent?
Thinking of selling your Manhattan townhouse?
Mon, 08 Jan 2018 11:54:34 +0000
Here is one simple tip that will help you when you are selling your Manhattan townhouse. Take a look at your certificate of occupancy (coo)and see how it complies with your actual usage. You might have a coo that says 3 family  but you have 4 apartments. You might have a coo that says SRO … Continue reading Thinking of selling your Manhattan townhouse?
Thinking of buying in a building with a land lease?
Sun, 07 Jan 2018 13:28:14 +0000
If you are thinking of buying in a building where they lease the land below the condo, only do so if there are sufficient time left on the land lease, meaning 30 years or more and you understand fully the risks. In general, the land price can skyrocket at the end of the land lease … Continue reading Thinking of buying in a building with a land lease?

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