Mitchell Hall

"Manhattan Real Estate Expert"
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  • The Corcoran Group
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Mitchell Hall, Real Estate Professional in New York, NY
MVP'08
  • 188 Answers
  • 23 Best Answers
  • 49 First Answers
  • 407 Useful Answers
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About Me
Mitchell J Hall, Associate Broker, REALTOR®


A Manhattan born native New Yorker, I gained appreciation and knowledge of New York City's different neighborhoods, buildings, architecture, culture and diversity at an early age. My innate knowledge of each neighborhood's unique personality is what makes me adept at matching personalities and lifestyles with properties.


My blogs, websites, and contributions to professional and social networks are FREE consumer services to help buyers and sellers make informed real estate decisions. It is often difficult to get relevant information when you are looking to buy or sell a coop or condo apartment or townhouse in the complex Manhattan real estate market.


Many buyers and sellers who read my blogs and visit my sites are so impressed with the information and service that they will contact me in order to assist them in the purchase or sale of their home.

I specialize in winning strategies and cutting edge services for today's discerning tech-savvy buyers, sellers and owners of Manhattan, NYC, residential real estate. Please contact me for all your Manhattan real estate and relocation needs.


Recent Press Mentions:
Inman News
http://www.inman.com/news/2008/07/2/sales-still-falling-in-manhattan
Time Out New York
http://www.timeout.com/newyork/articles/features/28895/how-to-be-the-perfect-candidate
Business Week
http://www.businessweek.com/lifestyle/content/apr2008/bw20080424_740761_page_2.htm
Business and Blogging
http://www.businessandblogging.com/how-blogging-can-help-you-stand-out-in-a-crowd/
Metro: Realty Check Battery Park City
http://media.point2.com/p2a/htmltext/bdd7/3667/396e/46613687cb6af59aecd6/original.jpg
New York Sun
http://www.nysun.com/new-york/stalled-co-op-rights-bill-gains-backers/57106/
New York Post
http://www.nypost.com/seven/12032006/business/the_hot_new_digs_for_wall_st__bonus_babies_business_john_aidan_byrne.htm

Testimonials
"I am deeply grateful to Mitchell Hall for all his help finding me a co-op apartment to purchase. At the beginning of the search, I tried working with agents from other major real estate firms, finally settling on Mitchell. My decision, as events proved, was a good one - the perfect one. i cannot imagine anyone being more helpful in every possible way. He was extremely efficient making visiting arrangements, invariably prompt in meeting, coaching me with regard to what I should be looking for, suggesting apartments to look at, and giving me the benefit, the wealth, of all his accumulated experience and knowledge. I learned so much from his guidance and judgment. The job requires great patience as well as a lot of detail: phoning and paperwork, coordinating with the mortgage broker, the attorney, the coop managing agent, as well as with other real estate agents and, of course myself. I feel that Mitchell worked on my behalf as hard as anyone could be asked to work - in fact, even harder than that, making himself accessible for questions, arrangements, documents and advice long past normal business hours and indeed every day of the week as well. His humor, his patience, his reliability, his diligence, his courtesies made all the difference in the world. Thanks to him, I will be enjoying for many years a very beautiful two bedroom pre-war co-op apartment on the Upper West Side of Manhattan."
DKL, Professor Emeritus, Northwestern University Wed Aug 27, 2008
"Mitchell Hall sold 2 of my apartments in Manhattan. One was a Chelsea co-op and the other was a Battery Park City Condo. After he sold my co-op in Chelsea, I knew Mitchell was the only Realtor I wanted to sell my Battery Park city condo. The reason was very simple. Successful selling in Manhattan real estate is based on the correct pricing for the unit. If it’s priced too high, there won’t be enough interest and the unit will sit on the market. However, if it’s priced just low enough to generate a healthy response, the potential buyers will compete for the property and bid up the price. In both instances, this was the case. Mitchell was able to get the best price for my units based on pricing the units at the correct pricing point that led to bidding wars on the apartments. And in both instances, the units sold for well over the asking price. In my mind, being able to price units correctly in Manhattan is not an easy task. There are so many variables that affect a unit’s value - even in the same building. Mitchell’s combination of extensive market knowledge, professional demeanor and outstanding negotiating skills always brought in the highest price for my units. I have since moved from Manhattan, however, if I was ever to return to the city, Mitchell Hall would be the first Realtor I called. I would highly recommend Mitchell Hall as a Realtor in Manhattan and don’t hesitate to sign my name to this letter. Allen Zimmerman"
Allen Zimmerman Thu Mar 23, 2006
My Q&A View all »
Mitchell Hall's Questions (30)
Mitchell Hall's Answers (188)
Mitchell Hall answered:
New York State Law requires real estate licensees who are acting as agents of buyers and sellers of property to advise the potential buyers and sellers with whom they work, the nature of their agency relationship and the rights and obligations it creates. This disclosure will help the buyer or seller to make informed choices about their relationship with the real estate broker and its sales associates.

The law requires the agent assisting in the transaction to present the agency disclosure form. Real estate agents are qualified to advise about real estate and therefore are required to advise about agency law and its requirements. - Wed Jun 24 2009, 05:39
Mitchell Hall answered:
The city sells liens on properties that have unpaid delinquent water bills and taxes. The landlord then has to pay the lien holder rather than the city. The lien holder can initiate foreclosure proceedings 6 months after they buy the lien.

The city only and rarely shuts off water in single family residences and commercial properties for unpaid water bills. Tenants in multifamily buildings would be unfairly penalized if the owner or landlord did not pay the bills on time.

The link below provides more info and links to appropriate city agencies. - Sat Jun 20 2009, 09:40

Rental negotiations - has rental value declined?

Mitchell Hall answered:
The NY Times had an article about the rental market in Manhattan last month.

http://www.nytimes.com/2009/05/10/realestate/10cov.html - Thu Jun 18 2009, 20:15

property tax

Mitchell Hall answered:
In coop apartments a portion of your maintenance pays your share of property tax. The building is assessed and the tax is divided among the share holders on a per share basis. In condos you pay your own real estate tax and every unit is assessed.

NYC property taxes are based on a complicated method so every building pays a different tax. It is not based on sale price or a percentage. There are many variables that are used such as the buildings age and the rental income that the apartment would generate if it was a rental property. Every building in NYC has a block and lot number. Many new construction apartments have tax abatement's for 10 years or more.

When you search for apartments in NYC the monthly maintenance (coop) or monthly Real Estate tax and common charges (condo) is stated in the listing information.

The good news is that NYC property taxes are much lower than most other nearby suburban counties in NY and NJ which are among the highest in the nation. In fact property values in Manhattan are among the highest in the country while property taxes in Manhattan are among the lowest in the country. - Wed Jun 17 2009, 17:33
Mitchell Hall answered:
Real estate is local. The article based on anecdotal evidence from investment bank Deutshe bank seems to be painting a picture with a very broad brush. According to the article, the NYC metro area includes three states and many counties. It is too large of an area to make such definitive predictions.

Lets take NYC without suburban Westchester, Long Island, New Jersey and Connecticut. In NYC alone there is a big difference between the real estate market in Manhattan and the outer boroughs such as The Bronx and Queens. There is even a difference from neighborhood to neighborhood. The study was based on limited affordability, affordability is subjective. Anything is possible but New York is definitely not Las Vegas. I certainly would take this article with a grain of salt. - Wed Jun 17 2009, 14:20
My Blog Posts View blog »
My Listings
401 E 86th St, New York, NY 10028 401 E 86th…
$649,000
2 br  1 ba  
View all 1 listings
Specialties
Internet marketing specialist. Certified relocation specialist,
Experience
Latest:
NY State Licensed Real Estate Broker for Coldwell Banker Previews International
January 2003—present
Previous:
NY State Licensed Real Estate Salesperson for Klara Madlin Real Estate
April 2001—December 2002
Certifications & Awards
International Sterling Society - Top 20% of Coldwell Banker agents worldwide
Trulia Century Award Winner
Trulia MVP 2008
Certified Relocation Specialist
Certificate in E-Commerce from New York University
Member of Manhattan Association of REALTORS® (MANAR)
Member of New York State Association of REALTORS® (NYSAR)
Member of National Association of REALTORS® (NAR)
Member of The Real Estate Board of New York (REBNY
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