NYC Market Realities


1123423-2_lWith regards to the New York City Real Estate market, this is a very busy time of year.
Rentals in prime locations are going within hours and sales are going in weeks.

There is very little inventory across the board, no matter the budget.
From the entry level starter studio on the rental side, up to the uber-luxury penthouse on the sale side.

Vacancies are slim and many are staying put for another year.

Come prepared and have your game face on!

Advertisements

$5800 – 3BR/2BA Apartment – 45 Pineapple Street, Brooklyn, NY 11201, USA


It’s been a while since an update, life happens.

Here’s an awesome Brooklyn Heights rental currently available.

 

Living Room

$5800 – 3BR/2BA Apartment – 45 Pineapple Street, Brooklyn, NY 11201, USA.

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


Share

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

Share

So what does it REALLY cost to live in Manhattan?


Share

It really works too!

This is a post that will create a ton of discussion. There are many areas to live, but the ideal areas for most are anything below midtown. A great deal of people will also look along Central Park on either the Upper West or East side.

No matter the area, after many years and seeing thousands of apartments, there is a magic number that must be considered the starting point for anyone looking to avoid crossing 110th Street.

While the last two years have happened and prices did correct themselves a bit, there is no way to keep prices down for a rare commodity for too long. You can argue all you want about what you may read in the papers pertaining to NYC real estate, but the fact is, more people move here each year. New hires, graduates, summer interns, vacationers and people downsizing or upgrading due to divorce and expecting children. The cycle never ceases, if anything it only increases.

Pay close attention, wait for it, here it comes…The one common thing that I have noticed since 2005, for a wide offering of what is out on the market, $1700 per person is the benchmark. You may find some things on the market for less. 95% of what is out there is sub-par and will waste your time.

I have found some rare gems on the market for less. There is this one number that really sticks no matter who or where you look. If you are looking for a simple studio in a great area, this is the starting point. If you are looking for a share in a doorman building, this is the point of entry. You can always try to find a needle in a haystack, or you can come prepared with realistic expectations of how much hay you are looking through. FYI-The fireplace is in a true one bedroom on Irving Place for $4100.

Share

$1M NYC Tour Part 3- “Live Like a King in Queens”


Share

In the city in 15mins via LIRR

The tour continues, if you missed it try here and here for the first two installments.

Now if you needed to catch up to speed on what this tour is all about, let’s keep it moving. This is something to think about if you like parks. Queens has more total acreage of park space than any part of the region. If you are looking for space, there is nothing in the city that can compare to what I found in Forest Hills for under a million dollars. This is a super safe and beautiful area with old world charm in Forest Hills Gardens where there are tons of Tudor style homes.

For those that don’t know, this is the most scenic and serviceable area in Queens as you have multiple transportation options such as E/F/G/R trains, the Long Island Railroad, taxi services and bus routes a plenty. The trip into Manhattan is easier than some parts of Washington Heights and the area is much nicer overall.  I actually will start a mini tour based off of this area as I found perhaps some of the lowest priced starter apartments in this area of the city that totally trump ANYTHING in North Manhattan.

Co-op

$599,000 1573sf  4BR/3Bath There is actually a place that just hit the market that is going for $849K and sounds like comparable square footage, but why break the bank!With no floor plan or pictures to examine, it may as well be a pipe dream.  Seeing is believing! This extremely rare, four bedroom, three bathroom Forest Hills residence thrills from the floor to the ceiling with its country home feel, windowed dining room alcove, spacious living room, hardwood floors and lots of closet space. The kitchen has granite countertops, brand new stainless steel appliances, designer cabinetry and ceramic tile. The master bedroom features an ensuite windowed bathroom, alcove sitting area and a large walk-in closet with a California closet system. The second bedroom easily transitions into a library or office. One of the three bathrooms includes a bathtub and separate shower stall. The six-story, post-war co-op building has an elevator, laundry room, parking garage and intercom system. Pets are welcome board approval. For the pictures (proof) slide over here.

Condo

$875,000 1788sf Penthouse Designed by famed designer Andres Escobar, this penthouse offers contemporary living in a luxurious environment. The spacious lay out is complemented by floor to ceiling windows, top of the line fixtures and appliances. Take a look at the floor plan and observe the TWO large private terraces! There is healthy mix of local retail along Austin Street to keep you busy and the property footprint is equidistant between both airports for the constant traveler. Enjoy unprecedented amenities including Shuttle transportation, fitness center, cinema, children’s play room, owners lounge, and 24 Hr Doorman to name a few.  Slide right in here!
The World is Yours

Share

%d bloggers like this: