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I haven’t been writing as much on new development of late. In this case, I wanted to think through what buying in a particular new building would look like if you decided, from the building, that you would be buying as an investor. In this case, after five years, the math could work so thatRead more

  This month I’ve been thinking about washers and dryers. What are they worth in a property? What is the discount if they aren’t allowed? This is such a NYC video. Almost everyone outside of New York City has laundry in their homes, but here, having a washer/dryer inside your apartment is subject to buildingRead more

CLICK HERE TO SCHEDULE A TIME TO SPEAK WITH SCOTT & HIS TEAM This month I speak about the power of proper pricing. It is quite easy to overprice an apartment and very HARD to underprice it. Bidding wars still abound, take 90 seconds with me to discuss what’s going on in the market! HappyRead more

Enjoy my video for November! We’ll explore what neighborhood I think is best for investors RIGHT NOW.Read more

I spent a few weekends this past winter heading out to Bushwick, Bed Stuy, Stuyvesant Heights trying to understand the investment upside. I was seeing townhouses with asking prices of $1-2mm, all renovated, with promised returns of 5-6%. That is, a net return of $50,000-60,000 per year on a purchase price of roughly $1,000,000. Typical,Read more

I am not going to count the words, but you’re welcome to. Perhaps it will be a few less than 500! O’Connor Capital Partners, who converted Manhattan House (200 E 66th) through the downturn of 2008-2009 and came out on the other end a star, is partnered with HIG to convert 200 E 62nd toRead more

I was lucky enough to run my 11th marathon this past weekend in Minneapolis (translation: Cloudy Water, for those who didn’t know). A gorgeous town before the snow hits, with neighborhoods that are built around lovely lakes.   Twin Cities Course And as I head to Boston while I’m writing this for a conference, I’veRead more

So we were discussing the possible motivators at the high end. Clearly, the sales which have recently recorded, or units gone into contract have motivated some sellers to list. For example, we have a combination at 502 Park; an absurd price at 50 Central Park South, given the Steve Wynn purchase recently; Lots of greatRead more

Something I wrote a few days ago- If I were to sum up the Real Estate Market in few words, I would say “Summer? What Summer?” I meant that despite this being the hottest summer on record, the market seems to have continued apace. Now that we’re in August, I’m not sure that’s exactly true,Read more

Over the last year or so, the top end of the market has outperformed the rest of the lower segments. This seems to be continuing to a degree, but the rest of the market is catching up, performing admirably as well. If Marie Antoinette said “Let Them Eat Cake”- and we take that attitude asRead more