$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.

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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. 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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So what does it REALLY cost to live in Manhattan?


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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.

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Your Key to the City Awaits on Block Beautiful!


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Wow!

Gramercy Park

 

This weekend I noticed how many great spaces are available in the Gramercy Park part of town. I have a friend who celebrated his birthday. See that red building on the right? WINNING!

That made me think about how blessed people are who live here and have the coveted key to the only private park in the middle of the city, as the other is in Queens. While that apartment is a massive classic six, I started to think about this on a smaller scale than the multi-million dollar spaces we all dream of. What about the space that the couple just starting a family would want?

The lowest priced property that actually had a key to this private park is $480K. It is a 500sf JR1 currently configured as an open studio. I love this area of town as it is scenic, picturesque, there great options in terms of transportation and you have some of the best restaurants in the city all within walking distance.

There are currently 13 places currently for sale under $1M keys to the park. All are at least JR1 or true one bedroom layouts. The top option is an 875sf one bedroom that can convert to a two bedroom going for $769K shown here.

 

Perfect for a nursery

Great location

 

 

The space is sufficient for a couple that may have a surprise on the way and are thinking long term. Superb schools, a private park in a historic part of town and superb restaurants and culture options for two or three generations to enjoy!

This is a rarity in that the properties here under $1M rarely go on sale as the location is so in demand. There are four places on prestigious Irving Place as well from $529K topping out at $869K. This area is rich in history and there is a plethora of fresh and healthy food options to shop for when cooking. Trader Joe’s, Whole Foods are the large chains in the area, there is also a farmer’s market in Union Square.

This is a great time to make a move here. If you realize that with this amount of inventory, there may be wiggle room with prices in an area where there is usually none at all due to the demand. Most of the apartments have not been on the market for more than 6 weeks, so this is the time to get creative and make offers. Owners tend to think that a sale can happen within the first month, so they get a bit antsy if there has not been any serious offers.

I am famous for finding superb locations and would love to work some magic for you 😉

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The Feeding Frenzy Begins


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Rental season here in NYC is a crazy time of year. There are always more people than there are apartments to rent. People come here during this time, expecting some super deal that rarely exists during the slow seasons. There is a virtual turning back the clock to that move Gangs of New York. The entire island of Manhattan becomes the five points and it’s survival of the fittest. Those who are prepared, both in having REALISTIC expectations and also in having all documentation readily available, have the “luck”. Those who are ill prepared, are unlucky.

We have found that the people who stretch a bit beyond their means and get help from elsewhere, are the ones who come here, secure a place in the target area, do the job assignment and then move on. They have clear cut goals and will make whatever adjustments as needed to achieve them. There are few if any “deals” in the solid areas like Gramercy and the West Village. These areas are the most in demand and as a result, they are some of the higher rents in the city. Should you find one below market rate place, making a swift decision is crucial. There is always great competition for them.

This is a yearly trend even in the past two “down” years. The rental market in Manhattan is an aberration to the housing market nationwide. Even four years ago, we were encountering the same issues we have here now. This is a city with a ton of disposable income. People come here to live more, which in turn makes them spend more, but the whole point is that by living here, you MAKE more. As a direct result, this year there are higher end luxury offerings. Contact us for a viewing as the higher the rent, the more likely the landlord will pay us directly for you!

If you factor in the average rental of $2,000 and the qualification of 40-50 times the monthly in annual income, we are talking about a city where the average person has to earn $80,000-$100,000 per year just to sign a lease without a guarantor. For places under $2000 below midtown, there will often be multiple brokers with clients racing to see the same place. Then the race for paperwork begins. If you see a crowd at an apartment it is likely a good deal and people are already conferring about what decision to make.

The time of year is a mad dash for suitable housing. Actually, it’s a all out war with collateral damage in the form of sacrificing in the size of space, quality or location, if not the budget. The market will make that decision for you and we will never push you in that direction. We will take time to educate you on the market realities in the swiftest time period possible due to advanced product knowledge.

Come prepared and be ready to make a gut decision. If you can SEE yourself living there, you should go for it before the person who saw it an hour before you does. When it’s meant to be it just feels right!

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