2005 Mar
2005 Mar Vol. 25, No. 3
Focus on...Market Review And Forecast
Making the Sale
The co-op and condo market in New York City has been booming for some time now, so when properties go on sale, it's not very difficult to find a buyer. It doesn't really matter if it's a sprawling penthouse in a hot neighborhood or a small studio on an out-of-the-way street - if it's got four walls and running water (and sometimes even that is negotiable) your unit will sell. Read More
The Expanding Skyline
The breakneck pace and cutthroat economics of residential real estate in New York City are legendary. For every new building that goes up, it seems like there's a battle to be fought, either with city agencies, community groups, preservation and historical societies, and anyone else with an opinion; which is to say, everyone else in the city. Read More
Playing the Board Game
Getting on a condo or a co-op board requires a significant investment " both in time and sweat equity. As president of a Greenwich Village co-op board, I can attest firsthand to the labors involved. Rarely does a day pass when I don't receive a call from a shareholder who wants to ask a question, complain about a neighbor or discuss a pending issue. But to me, it's all worth it, for we board members are watching over and enhancing the values of our most important asset - our homes. Read More
Selling Smart in New York City
Sellers have one overriding goal that is clear to everyone: to achieve the highest possible price for their property. However there is risk and it is this risk that must be minimized to maximize the probability of return. Read More
A Loisada Love Story
The area of New York City that makes up the Lower East Side comprises only four square miles, but is one of the city's most densely historical spots. Bounded by 14th Street on the north, Catherine Street on the south, Broadway on the west and the East River making up the eastern border, one doesn't have to walk far to get a feel of the neighborhood. From turn-of-the-last-century tenement buildings to the rapidly expanding condominium market today, on the Lower East Side, only one thing remains the same: the neighborhood is always changing. Read More
NYSAR
This year marks the 100th anniversary of the New York State Association of Realtors (NYSAR). Since its inception, the organization's mission has been to serve its membership throughout the state of New York in conducting their business as realtors successfully and ethically, while working on legislative issues to protect the right to own, transfer and use residential property. Read More
Ten Sides to Every Story
The far west side of Manhattan has been a flurry of activity and speculation in the last couple of years thanks to the debate over the development of the Hudson Rail Yards and a new stadium for the New York Jets. Read More
Diversify and Conquer
In the last four or five years, the tri-state real estate industry has borne witness to seismic shifts in the balance of power among real estate brokerage firms. Companies that are giants in their own right have merged with others, creating titanic real estate empires stretching across every borough, reaching into the Hamptons at the easternmost tip of Long Island, and even stretching down the East Coast into Florida within the tonier enclaves of Palm Beach and Miami. Read More
Spin Cycle
Most co-op and condo buildings have a common laundry room for residents to use instead of washers and dryer units in each apartment. Laundry rooms are more than just an amenity; to some, they are practically a necessity, and the operation and maintenance of laundry rooms has drastically changed over the years. Read More
Queens Gets the Royal Treatment
While Manhattan and Brooklyn are usually the darlings of real estate brokers' end-of-the-year reviews and forecasts, there's a lot more to New York City than just those two boroughs. Things are percolating nicely across the East River in Queens, where developers are working on new residential projects to satisfy the demand for housing being voiced by young professionals and their growing families, new arrivals to this country, and businesses looking to spread out without breaking the bank. Read More
Building Boom in Brooklyn
For a long time, Brooklyn, the fourth largest city in the U.S. with 2.5 million people, has labored in the shadow of Manhattan; often seen as the "other borough," far away from the hustle and bustle of Midtown. Read More
Can We Talk?
They say there's no such thing as a bad question - and when it comes to buying or selling a condo or co-op, asking the right questions of your broker, both before you choose one and afterwards, can help make the process run a whole lot smoother. Read More
Let the Good Times Roll
Whatever goes up is supposed to come down, but when it comes to the New York City real estate market, the laws of gravity may not necessarily apply. Experts say the industry that enjoyed good times in 2004 will continue to be healthy throughout 2005. Read More
The Cooperator's 18th Annual Co-op & Condo Expo
Circle March 16th on your calendars so you don't miss The Cooperator's 18th Annual Co-op & Condo Expo, which will once again pack a full day of information, seminars, vendors, networking, and giveaways into two floors of the New York Hilton at 53rd Street and Avenue of the Americas. Read More
