Posts Tagged ‘Manhattan real estate’
Weekly Roundup: Landlord confession, piece of Portugal, April building permits, pocket listings, air purifiers, timely Lotto win, recovery threatsMay 17, 2013
They closed on the brownstone on Aug. 20, 2008 for $7.85 million.
It happens that Lehman brothers collapsed less than a month later, causing our housing markets to swoon.
While the markets in Manhattan and Brooklyn in particular have made great progress since then, we still have a way to go before reaching the peaks of days gone by.
Unfortunately, the sellers — I’m sure, a very nice family — have overestimated the demand for properties that can accommodate a big family easily. (more…)
Weekly Roundup: Rent squeeze, U.S. price gains, rates reversal, stocks vs. housing, declining buyer regret, best inflation hedge, tomorrow’s marketMay 10, 2013
To paraphrase Lloyd Bentsen, when I make a mistake, it’s a doozy. So it was with this post. Please see correction below, now reflected in headline.
A broker friend of mine confided in me her anger at another broker.
It seems that the broker listing an apartment wasn’t happy with the board package. My perfectionist friend, a highly successful broker of close to 30 years, had assembled the thing for her buyer and sent it to the other woman for review.
Without a comprehensively and competently presented package, as most consumers here know, the likelihood of a board’s accepting a prospective shareholder into the building is greatly reduced.
My friend, call her Emily, had painstakingly put together the thick packet, having (more…)
It is always abundantly, sometimes pungently, clear who lives in some properties that are on the market.
Is it the owner or a tenant? You can tell all too easily.
When I opened the closet door of the Upper West Side apartment in the photo above not long ago, for example, I literally gasped. Like me, you won’t have to tax your brain to know that (more…)
Given the cost of residential real estate in Manhattan, nothing could be more understandable than buyers’ willingness to match the imperfect co-op or condo that they decide to purchase with the amount of money they can afford.
Consequently, many folks in search of a new home readily accept the necessity of turning a two-bedroom apartment into a three-bedroom unit, an alcove studio into a one-bedroom home.
But they invariably pay a price both in aesthetics and, paradoxically, flexibility. Gone the dining area, the well-placed window in the living room, the airy ambiance.
So it is with (more…)
Weekly Roundup: Hamptons, celebs, new-home sales, lower interest rates, auction spat, Baby Boomers, marble stains, housing’s headwindsApril 26, 2013
A Long Island woman who gave her name as Stella Tsang was the winning bidder at today’s auction of a Chelsea condo that the U.S. Treasury Department seized after a former president of Taiwan pleaded guilty to money laundering.
Her final (more…)
Conventional wisdom has it that vivid colors can be an overwhelming obstacle to the sale of a residential property that is on the market.
Mostly the notion seems to hold true. It is difficult, the argument goes, for prospective buyers to imagine themselves in a home that speaks too loudly of its sellers.
In fact, I recall one client of mine who rejected a house in suburban Washington, D.C. — solely, she said — because she hated the wall covering in the living room. That sort of reaction happens more often than you might imagine.
But the well renovated apartment pictured here may defy the advice to tone down an apartment’s personality as expressed by bright colors.
Although I cannot imagine myself living with the palette chosen by the condo’s residents, I did find the place to be (more…)