Market Conditions in New York : Advice

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Jenet Levy, Real Estate Pro in East Village, New York...
Jenet Levy answered:
What do you believe to be the hottest section of Manhattan for sales right now?
Elan,
If you are a broker and you are asking this, I suggest you start reading sales data, read market reports, attend meetings at your company, and speak with you Sales Director. Thi ... more
0 votes Share Flag Tue Apr 10, 2012 Market Conditions in 10001
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
what is the average commercial rent per square foot in lower nyc?
Average square foot does vary by exact location, the type of space, market, etc.; therefore you may wish to consider working with an agent of your own...
0 votes Share Flag Sat Jan 28, 2012 Market Conditions in New York
Abu Musa, Real Estate Pro in Kensington & Parkville...
Abu Musa answered:
what is the average monthly condo charge in luxury buildings in Manhattan NYC?
For one bedroom about $1,000 is common charge.
0 votes Share Flag Sun Jan 29, 2012 Market Conditions in New York
Elena Ravich…, Real Estate Pro in 10019
Elena Ravich Manhattan Expert answered:
How are you beginning your process of looking for a new place to call home?
it is important to lay out your criteria of what is important in your new home: location, proximity to parks, stores, work; type of the building, new development or an older building, ... more
0 votes Share Flag Sun Jan 29, 2012 Market Conditions in New York
Christopher…, Real Estate Pro in 10591
Christopher Pagli - ABR, GREEN answered:
Hi, I ask a few questions a while ago how do I find out if they are answer please. Thank you, Denise
Hi, you should get an email anytime somebody responds, otherwise you can go into Trulia and click on your question. Your profile should have a section for all your questions and answer ... more
0 votes Share Flag Thu Oct 27, 2011 Market Conditions in New York
Annette Levi…, Real Estate Pro in New York, NY
Annette Levinson answered:
Thoughts on the East Harlem Real estate market. Is it worth buying now? Should I wait?
The question Ninatulia should be do I need a home to live in? If the answer is yes and East Harlem is your target area go for it.
0 votes Share Flag Wed Oct 26, 2011 Market Conditions in 10128
Thomas Soura…, Real Estate Pro in New York, NY
Thomas Sourasis answered:
New York City real estate forecast
Mortgage rates are near an all time low. New and existing home sales have continuted to decline july over june and year over year, however, prices have held steady, could be an indicati ... more
0 votes Share Flag Wed Aug 31, 2011 Market Conditions in 10030
Carolyn Chap…, Real Estate Pro in New York, NY
Carolyn Chappelle answered:
Thinking about buying in Tudor City. Any advice re the neighborhood/location?
The apartments are not very large (subjective) but it' is a great area. If you decide to move you can hold on to the property as an investment property and rent it out. It is espe ... more
0 votes Share Flag Wed Jun 29, 2011 Market Conditions in Tudor City
Brittany Goo…, Real Estate Pro in New York, NY
Brittany Gooden answered:
what are the current maintenance trends in coops?
It really varies. Many buyers are under the impression that co-op maintenance fees are exorbitant, but here are just some of the expenses and services co-op maintenance payments cover t ... more
0 votes Share Flag Fri Jan 13, 2012 Market Conditions in Upper East Side
Eric Rosen, Real Estate Pro in New York, NY
Eric Rosen answered:
live in 1 bd, need 2nd. do i build a room or sell and buy?
You can of course convert the living room but of course that is not the ideal suitutation. The answer really becomes one of finances and your ability to purchase a true 2 bedroom. If yo ... more
0 votes Share Flag Sun Jun 17, 2012 Market Conditions in Upper West Side
Jenet Levy, Real Estate Pro in East Village, New York...
Jenet Levy answered:
What is your opinion of prices and values in Hamilton Heights/Hudson Heights? thanks
Sdtrendy,
You have narrowed in on some of the best value around. These areas might be a little bit of a commute but offer quite a lot of value and thriving communities that just keep ... more
0 votes Share Flag Wed Mar 30, 2011 Market Conditions in New York
JOSEPH RUNFO…, Real Estate Pro in Staten Island, NY
JOSEPH RUNFOLA JR, BROKER, GRI answered:
what is the fair market rental price for a two bedroom in the five bouroughs of New York?
There is no standard figure, you need to be specific, a 2 Bedroom in Staten Island is very different from a 2 Bedroom in Manhattan.
0 votes Share Flag Tue Mar 29, 2011 Market Conditions in New York
First Last, Other/Just Looking in 90002
First Last answered:
What percentage of buyers in NYC are FHA vs rest of country. Ie, how would proposed changes to FNMA and FHA 3%->10% impact NYC?
I was in a class recently where the instructor asked a room full of experienced NYC brokers, nearly all Manhattan based, how many of them had ever handled an FHA loan deal in their enti ... more
0 votes Share Flag Sat Mar 12, 2011 Market Conditions in New York
Ralph Windsc…, Real Estate Pro in Hauppauge, NY
Ralph Windschuh answered:
Is now a good time to buy a 1 bed in Inwood or Hudson Heights NYC?
Much depends on your long and short term goals. Buying anything with cash, unless you get a great deal, might not be the best strategy. If you purchase, your interest and property tax ... more
0 votes Share Flag Wed Feb 23, 2011 Market Conditions in New York
Phil Rotondo, Real Estate Pro in 32940
Phil Rotondo answered:
How important do you think it is for Real Estate Professionals to understand the ins and outs of credit repair in today's market?
I think it's very important for a Real Estate Professional to know exactly who to turn to if your client needs this information. Part of being "full service" to the clie ... more
0 votes Share Flag Thu May 26, 2011 Market Conditions in 10018
Jeff Brenner,…, Real Estate Pro in New York, NY
Jeff Brenner, MBA answered:
What do you think are the investment opportunities for the financial district?
Hi Niki,

Many have been touting the financial district's "up and coming" residential status for years, and with recent conversions and new rentals, there is definitely ... more
0 votes Share Flag Tue Feb 8, 2011 Market Conditions in New York
Fern Hamberg…, Real Estate Pro in 10026
Fern Hamberger NYRS CNE CBR answered:
what is the current (4Q '10) average for sale to list price ratio for 2 bedr 2 bath coop in Murray Hill?and what is it for condos with the
I ran a search on all the 2br/ 2ba (type of ownership) in Murray Hill and that is what I found:
On average in Murray Hill
These are the current asking price for 2br / 2bathrooms
Cond ... more
0 votes Share Flag Fri Feb 4, 2011 Market Conditions in New York
Michael Davis, Real Estate Pro in New York, NY
Michael Davis answered:
like to buy a 1-bdrm in harlem. hear it's a good time to buy there right now. would like to sell in 3-5 yrs. would it appreciate a good deal in?
That's simple. YES. The outlying areas were hit the hardest over the last 2 years and they are still the best places to by and also have the more upside.

Here are two sites yo ... more
0 votes Share Flag Wed Apr 27, 2011 Market Conditions in 10011
Jenet Levy, Real Estate Pro in East Village, New York...
Jenet Levy answered:
How do I obtain what the intrest rate was on security deposits from 1999-2010?
I would say you've got to talk to a bank. They would have that historical data. If you have a preferred lender that you refer your buyers to, they should be able to get you that in ... more
0 votes Share Flag Fri Jan 21, 2011 Market Conditions in New York
David Bess, Real Estate Pro in Upper West Side, New...
David Bess answered:
Can a tenant with a twenty year lease sells his remaining lease by subletting an reassigning the lease.?
Check the lease contract and contact an attorney. This could go either way depending on what you signed.
0 votes Share Flag Mon Oct 18, 2010 Market Conditions in New York
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