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So, a lot of gnashing of teeth, plenty of concerns in the real estate community have all come to a halt; the L train, which we expected to shut down for 18 months or likely longer, now will remain open, mostly, except for when it is shut down. So, overnights, weekends. I’m guessing that peopleRead more

trying to process the real estate market in NYC As someone who’s default sentiment is optimistic, times like these require a little patience. Instead of some monolithic market from top to bottom, I am watching lots of mini-markets that do not operate in sync with one another. We have the most recent absorption reports thatRead more

As of August 28th (2016), all boroughs of NYC will be affected by new guidance by the Financial Crimes Enforcement Network (FINCEN). Here is the link. Will you be affected? Where you are purchasing a co-op or condo, you could be. This year, 35% of co-op purchases and 56% of condo purchases have been madeRead more

There is a ton of mixed messages regarding the NYC housing market. There’s much “good news” in the press right now, and sellers are perplexed that their apartments or townhouses aren’t selling. Rates are at historic lows, inventory is still very low, population in NYC is growing, job growth is historically high, and many signsRead more

I have a high-floor two-bedroom condominium listing in Toll Brothers’ first New York City development, 110 Third Avenue. We are marketing it at $2.5 million, with significant interest. The lack of inventory for high-floor, great view, full-service Downtown condominiums make this highly desirable. Views from 110 Third Avenue With that in mind, I found myRead more