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10280 : Real Estate Advice

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  • Home Buying1
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Activity 3
Sat Oct 22, 2016
vdavanzo asked:
Looking to sell our condo at 225 Rector Place, unit 10B quickly to take advantage of another property. What is the average time to sell right now in Battery Park City?
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Thu Jan 31, 2013
Sarah Eggar answered:
Indira,
I also think maybe the question was phrased incorrectly. Battery Park City often has lower price points on their units due to the fact that CC and Taxes will be higher. This is due to the fact that BPC is a land lease and spends money making it a higher quality area to live in.
I live in BPC as well, and am willing to pay a little higher in CC and Taxes b/c I highly enjoy the fact that we have some of the best cared for land Manhattan has to offer. They plant flowers to go with the seasons, many of the buildings are the Greenest buildings in the city and the air honestly is cleaner and fresher. It's premier water living like nowhere else in the city.

That being said, it is really the only place downtown where you can still find a 1 bedroom for 400,000. So the maintenance fees are higher, but in South BPC, prices are still VERY competitive.
Thanks!
... more
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Sat Nov 1, 2008
Jenet Levy answered:
Hi, Laura. My suggestion would be to list it for sale now, since you are not moving til Spring '09. You have a few months to have a terrific agent work diligently on getting it sold. If you don't have a signed contract and you are close to the time you will be moving, then you can switch gears to renting. Generally rentals go on the market the month before, for example if you are leaving in May, you can put it on for rental in April or even March. If you are lucky, and you had it priced right and it was given really good exposure, you might alreadt have a buyer by then. If not, as I say, switch gears at that point. If you list it for sale the two key things that make an apartment sell are that it is priced correctly (some companies are notorious for overpricing listings which just wastes your time and you end up having to reduce it) and that it gets the most exposure possible. In order to get the most exposure it is critical that your agent and their company are part of the National Association of Realtors (that REALTOR trademark symbol). That means your property will be listed in all the same places that most NYC companies list it, but additionally on REALTOR.com and other sites that only REALTORS have access to. REALTOR.com is the most heavily trafficked real estate website. Most NYC companies do not have access to it. Mine does. It also guarantees that your agent subscribes to the highest code of ethics. Please feel free to click my contact info for more info or direct help. ... more
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