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Best Neighborhood for Investment? Enjoy Scott’s Video for November!

By admin | Newsletter | Comments are Closed | November 30, 2017 | 0

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

What is the Future of L Train Brooklyn?

By admin | Newsletter | Comments are Closed | July 29, 2016 | 0

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

End of Year Eye Candy – December 2015 New Development Reviews

By admin | Newsletter | Comments are Closed | December 23, 2015 | 0

Last month I wrote that I enjoyed how well-appointed the new developments are in this real cycle, as opposed to in 2004-2008. Now, almost every building offers far higher prices and delivers commensurate finishes. Of course, a few buildings were built and designed as rentals, and converted to condominium to take advantage of a risingRead more

Pricing Gaps, That New Car Smell, & Bad Behavior – July Thoughts

By admin | #HRT, Newsletter | Comments are Closed | July 20, 2015 | 0

As I’m writing this, we remain in the middle of a full-fledged seller’s market, not to mention a lovely summer – barring the last couple of muggy days. Just as geographically regional clothing style (or regionality in general) seems to be fading, as information transmits more quickly than ever, so, too, am I reading articlesRead more

The Ever-Changing Rules of the NYC Housing Game

By admin | Newsletter | Comments are Closed | June 26, 2014 | 0

Hope you have enjoyed what has transpired thus far in the World Cup! USA! USA! USA! Ah! This real estate market is so frustrating Looking at the New York City Real Estate market, this game is shifting day-to-day with its own surprises. But in the market, the rules seem to shift continually, and adjusting andRead more

The Other Shoe Takes a Walk?

By admin | Newsletter | Comments are Closed | March 20, 2014 | 0

Almost all the latest indicators point to a strengthening local economy. Lower mortgage rates, averaging 4.28%, down a few basis points – a year ago, rates were averaging 3.52% Over 91,000 jobs added in NYC over the last year A push for less Federal involvement in mortgages, which should make mortgages easier to get! UnemploymentRead more

Bread and Butter Apartments in a Hot Market, in the Hottest Summer (Part II)

By admin | Newsletter | Comments are Closed | August 15, 2012 | 0

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

New Development Round-Up April

By admin | Newsletter, Uncategorized | Comments are Closed | April 16, 2012 | 0

Very few units have hit the Spring market. 422 west 20th is one of them. Nearly everything was in contract by the time the word spread; the west chelsea adherents snapped up the units quite quickly. My feeling on the building was that it attracts a narrower band of buyer than is typically meant toRead more

Recent Blog Posts

  • Deal of the Month: A Tale of Two Mortgage Rates in 2022 February 28, 2023
  • Do These 5 Things To Win In This Spring’s Housing Market February 27, 2023
  • Transparency in Cooperative Sales- A Fix That Would Work February 27, 2023
  • It’s Not A Demand Issue. It’s a Supply Issue. Why There Are So Few Apartments Right Now on the Market in NYC. February 27, 2023
  • The Mob Comes For E-Scooters and EBikes February 27, 2023
  • (VIDEO) Celebrating 150 Years In Residential Real Estate- And my 20th Anniversary, too. January 31, 2023
  • How to Make An Extra $1mm on the Sale of Your Townhouse January 30, 2023
  • What’s Going To Happen To All The Office Space In NYC? January 30, 2023
  • NYC, Manhattan, and The US: A Reversion To The Mean January 30, 2023
  • The Best Lead Measure in The NYC Housing Market Right Now January 30, 2023

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  • ABOUT
    • ABOUT SCOTT
    • ABOUT THE TEAM
    • PRESS
  • BUYERS
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  • VIDEOS
  • LISTINGS
  • JOIN OUR TEAM
  • BLOG
  • CONTACT
  • CALL SCOTT NOW
New York City Real Estate | NYC, NY