Housing Crisis Over?


This may be a telling article about what the future holds for the rest of the country. Here in NYC, specifically Manhattan, things have already been brewing for some time now.

http://www.dsnews.com/articles/housing-crisis-to-end-in-2012-as-banks-loosen-credit-standards-2012-01-24?utm_source=twitterfeed&utm_medium=twitter

The Belnord


This amazing home is in a unique trophy property on the Upper West Side of Manhattan.

Encompassing an entire city block from 86-87th and Broadway to Amsterdam, there are rental apartments ranging from a

handful of pre-war loft style studios to mostly classic six and seven room layouts ideal for families. When the building was completed in 1908, it was the largest private courtyard in the world.

As you enter from the 86th Street side, you are greeted with a double archway and gates manned 24/7 in addition to a concierge area. Vehicles are permitted to enter and load/unload for a period of 3 hours in an area once only traversed by horse-drawn carriages.

The homes have been completely renovated with all of the modern amenities such as central air conditioning, Viking, Miele and SubZero appliances and yet retain the meticulous prewar details one hopes to find still in tact in this environment.

There are a limited selection of homes remaining. Far from the cookie cutter building and each home is quite unique. Please do contact us if you are not quite ready to purchase as of yet and want access to the best rental properties in town.

Best Starter Apartments Vol. 3


The final installment for this period of the best starter apartments will take us to Brooklyn. This is a great area of town and as you can see from the prior two articles, you can get right in between the pricing of Queens on the lower end and Manhattan on the higher end. If you need a starter apartment and wish to purchase, but can’t afford Manhattan or a high monthly, then this may be perfect for you.

This is a fantastic new boutique condominium in Williamsburg Brooklyn. This is a hip and in demand area that is close to Manhattan and yet has its own sense of culture, shops, dining and great venues for nightlife. For the money, it’s a steal compared to the massive newer buildings with all of the bells and whistles. The monthly for common charges and real estate taxes is only $292 and they are allowing as little as 4% down.

Elegant lines, sleek textures, and clean surfaces infuse every element of this Williamsburg residence, inside and out. And it’s not just modern in aesthetics, but in conveniences too, with streamlining touches like video intercoms and a location just steps from eclectic shops, bars, and restaurants. Each apartment here is an urban sanctuary with windows that rise from floor-to-ceiling and eco-friendly bamboo flooring flowing from wall-to-wall. A sleek modern aesthetic defines every room from the open kitchen layouts to the spacious bathrooms. Some units offer private outdoor spaces, while all of them share a charming common back garden and rooftop deck with views over the surrounding tree-lined streets. Your kitchen is a true highpoint in design and detail, ready to serve dinner for two or a soiree for 20. White lacquer and frosted glass cabinetry and white quartz countertops provide a bright setting for storing and slicing, while a stainless steel appliance package including a wine chiller satisfies both your aesthetic and culinary tastes. Stepping into your bathroom here is like entering a sanctuary from the over stimulation of city life. The white glass and grey ceramic tiles provide a calm and cool aura to soothe your eyes and soul, while an over-sized soaking tub and separate, glass-enclosed steam shower provide options for how you’ll pamper your body. A white custom oak vanity adds a warm note as it enhances your morning and evening routines.

Outside your high-style apartment awaits a world of culture and convenience. Chef-run restaurants, emerging-designer boutiques, and trend-setting clubs are all just steps away. Even Manhattan is just minutes away by L train at Bedford Avenue or Lorimer Street stops. This is a fantastic place to call home and the amount of space can easily convert to a 2BR making for a solid investment.

Here’s the place, now contact us with questions, for more details or to arrange a viewing.

Sex in the City? Outdoor Space? Find the Hat Man!


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Not a fire escape

Even without trying, I ALWAYS end up finding great outdoor spaces for my people. I love grilling and chilling and usually, people who do gravitate to me as well. Out of 100 apartments available in any budget, I have a knack for showing the best four or five right away. What the heck are you paying me for anyway?!!!

This is a super value. At $2100, the rent is actually quite low for the area and outdoor space. This amount of outdoor space is actually quite hard to find, but here it is. The location is what everyone looks for. Details are below on the listing.

This is located on one of the Villages most desirable and beautiful blocks, just steps to Union Square, restaurants, NYU, shopping, Washington Square Park, & all subway lines. This Charming loft studio is peaceful and quiet with an amazing large private outdoor space that is as big as the apartment itself. Other features include high ceilings, an open kitchen with breakfast bar, new stove and refrigerator, A/C, wall of closets and bike storage. The elevator building is perfectly maintained, has a live-in super as well as a central laundry room making this unique apartment the perfect place to call home. JULY 1ST OCCUPANCY.

If you want Sex in the City, then look no further. The Hat Man CAN Do!

Starter Studio with Patio

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Best Starter Apartments Vol. 2


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In the city in 15mins via LIRR

$119,000 Co-op in Forest Hills

This cozy studio apartment is nestled in a historic landmark co-op building within peaceful Forest Hills Gardens. The unit has it all, including a separate kitchen with a big window overlooking the clock tower, European-designed white cabinets with stainless steel handles. A separate full bathroom with ceramic tiles, unique glass shower curtain and a big window. The unit also has three ample deep closets and attractive walls with original details. This unit has four big windows for constant cross-ventilation and to let in lots of light in with a bird’s eye view of historic Station Square. Building amenities: Elevator, 2 Laundry Rooms, Private Street Parking by permit only and most importantly an on-site superintendent. Surrounding area includes: Rego Park and Kew Gardens, Forest Hills School District 28 and an abundance of private schools, shopping centers, trendy bars and restaurants, banks, supermarkets grocery stores, and pharmacies on Austin St. or 71 Ave. Most importantly, the abundance greenery and open recreation spaces, including Forest Park are steps away from the building. Transportation: The E (EXPRESS TO NY), F, R, G TRAINS and LIRR are steps away from the building.

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Best Starter Apartments Vol. 1


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This is balling

There are many places one can call home here in NYC. The first choice for most is Manhattan. The balance of safety, having the entire city as your backyard and location make this the end all be all. Do realize, that most condominiums are hovering just north or south of $1000/sf . The flexibility with condo ownership makes it more appealing for those who don’t have the strong financials. When you are looking for a 500sf studio, you are talking $500,000 minimum for older condominiums. New construction in prime areas with amenities can easily start around $700,000.

Since many are not aware of these market realities and who doesn’t like a good deal, I have taken my $1M tour and downsized it to a basic starter apartment range of budgets. If you are looking for a bargain price, have strong financials then look at co-ops. In the interest of helping those who are unsure of which category they fall into, I will provide you with an option for each.

These are hands down, the lowest priced, sound values for purchase in the entire city right now. I have lived in more areas than there are subway stops. If I say the entire city, I mean it. There is always a lower priced deal for more space out there, but would you really live somewhere based off of the price tag? You know the old adage, you get what you pay for.

$155,000 Co-op on 63rd Street Upper East Side

This is a remarkable value as it is hands down, the most square footage, in a full time doorman building, south of 96th street right now. The co-op just purchased the land and the monthly maintenance is 71% Tax deductible. The total net after tax cost is only $1685 per month with a cash purchase! This is an exceptional co-op in that there is unlimited renting allowed after two years of ownership! Huge 575sf Alcove Studio custom designed and impeccably renovated. Discounted over 60% to offset the high monthly maintenance. The comparable apartments in the neighborhood cost over $425,000. You can buy this apartment for a 60% discount! There is a flexible board, great location the apartment is east facing. This is recently renovated and designed with high end finishes to utilize every last inch featuring Subzero and GE stainless steel appliances, cherry wood cabinets and granite countertop. The kitchen is not only top-of-the line, it is sized to entertain. The bathroom features modern Grohe fixtures and designer tile. This home has an open plan feel, so you might feel as though you were in a loft, but with all the conveniences of the Upper East Side. This is a Full-service co-op that features a planted roof deck (designed by the architect who landscaped the Central Park Zoo), a new high styled classic contemporary air-conditioned lobby and elevators designed by Ephelind Coblin Architects, a newly designed facade and entrance. There is a garage for $350/mo, a common storage, bike room and laundry room. The pet policy is dogs must be 20 inches or less in height and weigh 40lbs or less.

$335,000 Condo in Battery Park City

Beautiful one bedroom, one bath apartment in a 24 hour full service doorman condo building located in the heart of Battery Park City, minutes from Wall St., next to the Hudson River Esplanade. This 537sf apartment has north facing oversized windows, is bright and quiet. The apartment features new hardwood floors and an open kitchen, marble bathroom. The building has newly renovated lobby, free exercise room, bike room, laundry on every floor. And on-site parking. Do not miss this opportunity.

Or for more square footage, quality and a better location…

$691,000 Condo in Gramercy 

Incredible Value! Now priced at $1000 a square foot with combined taxes and common charges under $850. Loft-like one bedroom with high ceilings boasting nearly 700 sf of interior space on the 2nd floor of an intimate walk-up condo building. This home features a large living/dining room combination that is ample and airy creating the perfect setting for entertaining; open kitchen with an island and stainless steel appliances which include a dishwasher; and a marble bathroom. Washer dryer on every floor and only 2 apartments per floor. East exposure facing the rear of the building allows for a pure quiet escape… Located on Third Avenue just South of 23rd street in one of the most convenient and sought after neighborhoods.

These are the three lowest priced options for ownership in Manhattan downtown. There is nothing lower. The co-op is a remarkable value if you can make an all cash purchase as the monthly will be lower than most condo options. The condo in BPC is decent if you are looking in that area, but the one in Gramercy is really the perfect blend of quality, location and space overall. You lose the amenities but get a much nicer home overall.

If you or anyone you know is thinking of making a purchase, do feel free to contact me for advice, assistance or even objective feedback.

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$1M NYC Tour Part 4- “Da Bronx Bombers”


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Now if you are thinking outside of the box, then you are thinking of the Bronx. There is nothing as non-diluted, un-filtered and authentically New York as the only portion of the city that is actually on the continental United States. This is the home of the greatest professional sports team in the history of sports, the New York Yankees. If you have a need a reverse commute into Connecticut or work somewhere in Westchester County or upstate NY and still want to be close enough to Manhattan to feel like you are not out in the sticks, this is where it’s at. Plus getting to the games is a simple task. The front-runner Yankee fan commutes an average of 45 minutes from New Jersey, even longer if coming from Long Island or wherever they flock from. A true fan living in the Bronx commutes 15-20 minutes maximum.

As for the purchase options in the Boogie Down, there are plenty of low prices. As with anywhere else in NYC, location is everything. To simplify the process, I have focused on the absolute best amount of square footage in a nicer area for both the co-op condominium options.

$525,000 1750 sf Co-op in Riverdale

Just 12 minutes to the Upper West Side, this spacious, sun-filled, high-floor 3 bedroom, 3 bath residence is located in Manor Towers, the most desirable luxury building in Central Riverdale. With a gracious layout, the spacious entry foyer opens to an ample and sunny L-shaped living room, with expansive views that stretch all the way to the Long Island Sound. The Master Bedroom Suite offers numerous closets–including a large walk-in, a sitting or office area and lovely over-sized en suite bath. There are two additional bedrooms, one with en-suite bath. Third full hall bath and closets galore complete this capacious residence. Pet friendly, full service building near parks, schools, transportation and houses of worship. With 24 hour doorman, wonderful building staff, swimming pool, tennis courts and parking, this special building offers a wonderful lifestyle in the heart of wonderful Riverdale.

$975,000 2275sf PH Condo in Riverdale

This is the epitome of affordable luxury! Instead of spending $3M to even sniff something similar in Manhattan, this sun-splashed four bedroom duplex penthouse comes with top of the line touches. Starting with floor to ceiling windows in the double height living room, to the six burner Viking range and gorgeous granite counters in the Chef’s Kitchen. The master bedroom suite offers an abundance of closet space and a stone master bath with double sinks and a glass door double shower as well as a large balcony. There is a hand hewn walnut staircase leads up to den/office, three generous bedrooms, and two more bathrooms. This is a new Condominium in the heart of Riverdale that offers a fitness center, children’s play space and a river view roof deck as well as indoor deeded parking and washer/dryer in each apartment. There is easy access to PS 24, The Public Library, Seton Park, houses of worship, transportation and shopping. This is all just 12 minutes to the Upper West Side. Low common charges of $856/month and 421a abated taxes of just $25/month makes this a value and a true winner. This spectacular home was featured in the New York Times.

If you missed any of the $1Million Dollar tour of NYC links are right here.

Pt 1

Pt 2

Pt 3

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