Month: June 2012

What Remains The Same in an Improved NYC Real Estate Market

Over the last few weeks since our last market update, I’ve seen continued, consistent, significant action across all of my listings.  Sellers are pleased, buyers seem quite happy.  Rates are low, somehow getting lower-  My economist client wrote me from China overnight, …

A Major Lack of Inventory

Thought I’d write about the scarcity of property at the moment. take the following examples: Buyer with approximately $1mm budget looking for a 2bedroom, 1.5bath apartment on the Upper West Side.  Looked for 6 weeks, really nothing over 1000 square feet to …

Full Price Offers (a fun email scam from Ghana)

I thought you might enjoy reading an email scam I received.  This person has decided that purchasing a coop might be a fun way to escape the “war on terrorism” in Ghana.  Enjoy: Hello , Thank you for your prompt response. It …

Some Self-Congratulations for Brown Harris Stevens

The Real Deal reported the following, which was bounced around internally.  Very much worth sharing with you: In May 2012 the number of Brown Harris Stevens exclusive Manhattan listings increased 7% compared with May 2011.   This speaks to the continued great strength …

An idea for rent regulated apartments

I was speaking to a French investor today about some of the different taxes in France, and some of the ways investors handle renters, different ideas floating around, what have you.  Apparently there is a proposal to make it illegal to raise …

Thoughts on One-Bedrooms

Well, I’ll comment on my experience over the last few weeks with one-bedrooms.  People are out, buyers are buying.  Lenders are lending, and coops, on the whole, are approving.  While I have seen two board turndowns in the last 4 months, both …

New Development Review: Cobble Hill Towers

I had the pleasure of visiting Cobble Hill Towers, built in 1879- built originally to house the workers at the port of Brooklyn, this is a gorgeous red and iron facade.  Really a striking set of buildings that goes along Hicks, which …