We sat around as a team recently to discuss the reasons why our customers are purchasing apartments right now. If you’re too distracted by the noise pretending to be news, this is for you. Here are our Top 10 reasons why buyers are buying in NYC right now. Enjoy- Scott #1 New York City is
READ MORE
I’ll Tell You Why. I got this email From REVR, a company that ostensibly understands how to create value from your properties: “At Revr.com, we monitor for sale properties around the United States to try and find good investment properties. We saw your listing at 855 W End Ave APT 8A and think it has
READ MORE
There are those who say the stock market is a weighing machine. And the real estate market is a scale, too. On one side, there are those who think it’s time to buy now. On the other, there are those who want to wait. Here’s the question: Would you rather buy high with low rates?
READ MORE
We sold a one-bedroom unit with a dining area for $1,099,000 a few weeks ago. I thought it worth telling you the story of how we got to that price. We had a tenant in place for a few months, which made showing difficult. That might be a writeup for another month, to show you
READ MORE
How to think about what’s going on in New York right now. Mortgage Rates are High We all know this. Yet we’re not thinking in three dimensions. What is its impact across every element of the housing market? Think about it these different situations: The impact of low inventory everywhere? A backstop on price softening.
READ MORE
Do These 5 Things To Win In Today’s Residential Market: When things are BANANAS in today’s market, wouldn’t it be nice to have an all-weather strategy? Here are five things that you can do regardless of mortgage rate, inventory, pricing levels, the stock market, unemployment, inflation, war, or whatever is worrying you…. Number One: Slow
READ MORE
A Few Data Points to Think About 60% of all deals last quarter were ALL CASH (Bloomberg article here) Major Financial Challenges for Commercial Landlords (NY Times article here) Lots of deals happening in the $4-10mm range in Manhattan. Maybe fewer North of $10mm? I’m not seeing that, but okay (link to Forbes article here)
READ MORE
What is the premium on New Development? We just sold a 1641-square foot unit at One Wall Street. Our buyers are thrilled! It’s seriously one of the nicest new developments I’ve been in, in quite a while. Classic touches, an historic building with a stunning lobby, and an endless list of amenties. They closed for
READ MORE
WWTLD I pride myself on having a metaphorical pillow on my couch. When in doubt, I look at its initials “WWTLD” and ask myself the question it implies: “What would Ted Lasso do?” Would Ted Lasso complain about other real estate agents? Heck, no, amigo!” So I won’t kvetch, or moan, or whine. I’ll just
READ MORE
How much does overpricing your home cost you when you sell? It could cost your $800,000. I’ll explain. This month, we highlight a sale that our team did on West 81st Street, a townhouse that sat on the market for nearly 7 months before finding a buyer- our buyer. The home our buyer fell in
READ MORE