Determining the right price to offer a home for sale can be difficult for a Brooklyn homeowner. Yet, even in this unprecedented real estate market we have been experiencing, setting the right sales price is extremely important. The seller determines the sales price, but the buyer determines the value by what they are willing to pay for a home. A fallacy that I often hear from Brooklyn homeowners is that they can ask for a…
Bidding wars for rentals, from rent stabilized to owning a condo, & more
This week readers visited Brick Underground to read up on strategies for winning a bidding war for a rental. That’s right—there are bidding wars for New York City rentals now. They are not happening everywhere, but renters with specific must-haves in popular neighborhoods like Tribeca…
Top 5 Stories on Brownstoner This Week: Watching the Fireworks, a Housing Lottery in Coney Island
Where to Watch Fourth of July Fireworks in Brooklyn (2021 Edition) After the pandemic put a hold on 2020 celebrations, the Macy’s Fourth of July Fireworks are set to light up the East River north of Williamsburg this year. — A Builder’s Carpenter Gothic Flight of Fancy in Rhinebeck, Yours for $595K The builder… Read More >The post Top 5 Stories on Brownstoner This Week: Watching the Fireworks, a Housing Lottery in Coney Island appeared first on Brownstoner.
Brooklyn Real Estate Six Months Later: One Sold, One in Contract, Two Still Available – Brownstoner
Brooklyn Real Estate Six Months Later: One Sold, One in Contract, Two Still Available Brownstoner
UK hospitality employers could cut half a million jobs
Britain’s largest hotel lobby warned that employers may cut half a million jobs when the government ends its wage support program. A representative for UK Hospitality told Parliament on Monday that its members owe around $132 million in back taxes and owe landlords roughly $5.1 billion, according to Bloomberg News. The government’s furlough program has helped draw investment to the United Kingdom’s pub and bar sector. “All it takes is one landlord to be recalcitrant
Smooth Move For Brooklyn Home Sellers
Once a Brooklyn Home Seller accepts a buyer’s offer on their home, it is time to prepare for the move. No rest for the weary when it comes to closing on a home and preparing to move. Your preparation should begin before you put your home on the market. A big part of preparation is decluttering. Purging the items that you no longer need or use before listing your home for sale can save you time when you start packing your home for the move. You will also save money on moving expenses if you sell or donate your unwanted furniture, clothing, and household items before starting the packing process. Brooklyn home sellers should consult with the …
Ever thought about applying to an affordable housing lottery? You probably already qualify
Affordable housing lottery programs have expanded to cover a wide range of low- through middle-income household needs, providing an incredible opportunity for savvy renters to lock-in long-term savings. 5203 Center Blvd. is the latest luxury rental development on the Long Island City waterfront…
Top 5 Stories on Brownstoner This Week: An Affordable Housing Lottery in Bed Stuy
Marine Park Craftsman With Stained Glass, Charming Vintage Bathroom, Garage Asks $999K This circa 1920s Craftsman-style house combines original details with modern updates and a garage to boot. The freestanding single-family house at 1750 Madison Place in Marine Park has plenty of curb appeal with its hipped roof, dormer window and… Read More >The post Top 5 Stories on Brownstoner This Week: An Affordable Housing Lottery in Bed Stuy appeared first on Brownstoner.
Brooklyn real estate is booming — but should you buy or rent? – New York Post
Brooklyn real estate is booming — but should you buy or rent? New York Post
Michael Amini, the “King of Bling,” seeks $69.8M for custom Newport Coast mansion
Furniture mogul Michael Amini has listed a Newport Coast mansion that in all ways befits his nickname as the “King of Bling.” Amini is asking $69.8 million for the elaborate, 15,500-square-foot home and roughly half-acre lot at 6 Midsummer, according to the Wall Street Journal. Amini bought the property for $5.1 million in 2007 with plans to build himself a house, but the recession delayed plans and work started in 2013. The “Palais de Cristal”
10 Brooklyn Homeownership Misunderstandings
There are many misunderstandings about Brooklyn homeownership that I have heard in my 30+ years of experience. I continue to listen to some of the same myths from homeowners and homebuyers. Today I discuss ten misunderstandings that I repeatedly hear about Brooklyn homeownership. 1. Renters don’t have to pay taxes and insurance. Although a renter does not directly pay these expenses to the governing bodies and insurance companies, the landlord will consider them in his rent calculation. When a landlord calculates the amount they will charge for rent…
Tough co-op board questions, moving from Port Washington to Hell's Kitchen, & more
This week readers visited Brick Underground to check out the trickiest co-op board interview questions for buyers—and how to answer them. The best way to prepare for this daunting process is to anticipate what you’ll be asked, for example, questions like “how secure is your job?” …
New Owner, New Chef for Jack the Horse Space
Our friends at the Brooklyn Heights Association have advised us that Chef Sean Rembold will be taking charge of the kitchen at the former Jack the Horse Tavern, at Hicks and Cranberry streets. Chef Rembold has twice been nominated for the James Beard Foundation award as best New York City chef. From his website:Originally a Kentucky native, Sean moved to New York City to attend the French Culinary Institute. After cooking in the kitchens of Campagna, Osteria del Circo, and Bayard’s, Sean found his personal and professional fit in Williamsburg, the…
Top 5 Stories on Brownstoner This Week: Park Slope Manse for Sale, New Greenpoint Park Opens
Brooklyn Society for Ethical Culture Puts William Tubby-Designed Manse Up for Sale for $30 Million For almost 75 years, this detail-filled neo-Jacobean manse with Prospect Park views has been home to the Brooklyn Society for Ethical Culture, but this week the organization put the impressive property on the market for $30… Read More >The post Top 5 Stories on Brownstoner This Week: Park Slope Manse for Sale, New Greenpoint Park Opens appeared first on Brownstoner.
Brooklyn real estate market off to slow start for 2021 crainsnewyork.com – Crain’s New York Business
Brooklyn real estate market off to slow start for 2021 crainsnewyork.com Crain’s New York Business
Hong Kong sells Causeway Bay site for $2.5B
The Hong Kong government auctioned a parcel of land in Causeway Bay this week for the first time since 1997, and it sold for much more than expected. Hysan Development Co. and Chinachem Group paid the equivalent of $2.5 billion for the 159,330-square-foot property, according to Bloomberg. Midland IC&I most recently valued the property on Caroline Hill Road at around $1.9 billion. The land would yield about 1.1 million square feet of buildable space. The
Top 5 Stories on Brownstoner This Week: ‘Mrs. Maisel’ Goes to Coney Island
Wallpaper-Filled Park Slope Brownstone in Estate Condition With Marble Mantels Asks $2.35 Million Filled with some statement-making wallpaper, this 1870s Neo-Grec has some design flair on display in its estate-condition interior. There are also marble mantels, pocket doors, wood floors and a stair among the many original details. — Coney Island Steps Back… Read More >The post Top 5 Stories on Brownstoner This Week: ‘Mrs. Maisel’ Goes to Coney Island appeared first on Brownstoner.
Top 10 Brooklyn Real Estate Listings: A Brownstone in Park Slope, a Rental in Carroll Gardens – Brownstoner
Top 10 Brooklyn Real Estate Listings: A Brownstone in Park Slope, a Rental in Carroll Gardens Brownstoner
Former Venezuelan oil exec sentenced in $1B money laundering scheme
A former executive with Venezuela’s state-run oil company was sentenced to two years and four months in prison in connection with an alleged $1.2 billion money laundering scheme linked to South Florida real estate. Abraham Edgardo Ortega, who was executive director of financial planning at PDVSA, admitted he accepted more than $12 million in bribes for his role, which allowed other Venezuelans who were charged to embezzle from the company, the Miami Herald reported. Prosecutors
NYC Multifamily Sales Volume Surges 39% in Q1
+ Ryan Serhant Weighs In on COVID-19 Crisis & Current State of NYC Real Estate Key Takeaways: NYC sales volume leaps 39% Y-o-Y, totals $1.9 billion in Q1.Sales activity remains unchanged, but number of buildings sold jumps 20%.Manhattan sales volume spikes 114% Y-o-Y to nearly $1 billion.Brooklyn prices reach highest figures in four years, sales activity gains 18% Y-o-Y.Price per unit drops 23% Y-o-Y in Queens as metrics contract across the board.Bronx sales volume and activity halved, but price per square foot ticks up 12% Y-o-Y. Undoubtedly, 2019 was a …
Watch For Red Flags During Your Brooklyn Home Search
When you begin your Brooklyn home search, you are full of excitement. You imagine yourself comfortably settled into your new home. The thrill of knowing you have achieved the American dream of homeownership is exhilarating. You have found the home with the right number of bedrooms, baths, and a backyard that will be able to host a professional football game. You have mentally placed your furniture in every room of the house. It is understandable that you would be excited. Purchasing a home is one of the most significant investments you will make. Protect your investment by watching for red flags along the way to ensure you are…
Top 5 Stories on Brownstoner This Week: Clinton Hill’s Pfizer Mansion Enters Contract
After Years on the Market, Clinton Hill’s Remarkable Pfizer Mansion Enters Contract After a long stint on the market, one of Brooklyn’s most beloved homes has entered contract. Located at 280 Washington Avenue in the Clinton Hill Historic District, the Queen Anne brownstone is referred to as the Pfizer Mansion, and… Read More >The post Top 5 Stories on Brownstoner This Week: Clinton Hill’s Pfizer Mansion Enters Contract appeared first on Brownstoner.
$14M house topped Brooklyn’s luxury listings last week – The Real Deal
$14M house topped Brooklyn’s luxury listings last week The Real Deal
Plan would convert London offices into 1,500 apartments
The City of London plans to convert empty office spaces into apartments over the next decade. The City of London Corporation, the governing body for the roughly square-mile district at the center of the wider city of London, wants to create 1,500 apartments by 2030 under a plan released Tuesday, according to the New York Times. The City of London sits on the north side of London Bridge and is the British capital’s central financial
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