Recently, I’ve been reminded of how challenging getting a mortgage can be for even the most qualified buyers. Forget how difficult it can be right now even to get an accepted offer on an apartment! Once contracts are signed, buyers are simply not prepared, emotionally or otherwise, for the mortgage process that awaits. Whether buying
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For those following this monthly post about running around New York City, I encourage you to email me with suggestions about places to explore. We are planning a run from Manhattan to CitiField, as well as some running around Staten Island, which is only 8 miles from North to South in certain places. But for
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I saw a lot of property in the last month. Some were the last units on the market in their respective projects (that is, which are essentially nearly sold out) – the penthouses of 508 West 24th and One Morningside Park, and a unit at 61 Fifth Avenue. I’ll include a few images and thoughts
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Einstein defined insanity as “doing the same thing over and over and expecting different results.” How similar is this building boom to that of 2004-2008? Are we doomed to repeat the mistakes, and insanity, of that time? There are many, many little things that remind me of the New York City market of 2004-2008. Reading
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I almost forgot to offer my eye candy of the month! This week I’ll review two eye-poppers, 30 Park Place and the Puck Penthouses. They are both incredible and geared to the tippy top of the market. A lot of press went out this past week about 432 Park topping out, at 1396 feet. 30
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Hello! Looking for some inspiration? Our run of the month isn’t happening until November 2nd…the TCS NYC Marathon! Come out and cheer for the 50,000 crazy people hitting the streets in Staten Island – I’ll be one of them. I thought I’d point out a bit about the course, in case you’re thinking about where
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Since we committed, many years ago, to sending out our newsletter mid-month rather than on the 1st of the month, it will sometimes go out the same day that taxes are due, or the day of the Boston Marathon bombing, or, in this case, about a month since the most recent stock market peak. Let’s
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Again, here is the link to our 3rd quarter report: http://media.bhsusa.com/pdf/BHS3Q14_Market_Report.pdf For a seller, this information is pretty interesting: The average price is up 18% year over year, at the 2nd highest ever That said, median price is $898,000, which hasn’t really budged in 12 months Three-bedrooms and larger have appreciated everywhere, though especially Uptown,
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Ah, the fun struggle between buyers and sellers. Here is our 3rd Quarter Report. My favorite quote from Noah Rosenblatt of “UrbanDigs” about the 3rd quarter reports – “We are a little less frenzied than we were three months ago. That doesn’t mean you can get a 10% discount now.” The New York Times felt
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If a thief were to break into an apartment in a doorman building, what would he steal? The flat TV is bolted to the wall, and costs $1000 to purchase new. One can watch TV on a computer or phone, anyway. The CD’s and DVD’s are all either in the Cloud or on a hard
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