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Brooklyn : Real Estate Advice

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Activity 5,007
Earlier today
Svetlanas asked:
Hello. What program to use to see market statistics over a year including volatility, absorption rate, supply and demand for Brooklyn? In Manhattan Urbandigs is great. How about Brooklyn.…
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Earlier today
Kathy Burgreen answered:
I passed the NY State exam the 1st time with a 96. If it helps, what I did was read the book several times, downloaded 2 study prep apps and reviewed all my notes. I know the exam has some math questions, so just wondering if you failed the math portion. If this is the case, you will need to learn some math. Another issue is a number of questions are "trick" questions. You need to read the questions very carefully and interpret the meaning of the question before answering. My advice - don't rush yourself while taking this exam. You're given plenty of time so pace yourself and don't be among the first people out the door. Nobody cares if you're the last person to finish the test.

So learn some math and learn some techniques on how to answer "trick" questions and how to interpret the meaning of them. I know some questions sound like a double negative and this is what you need to know.

Finally - I don't know if it was explained thoroughly in your class but when taking the test, you need to realize that you need to have knowledge of single family houses as well as coops, condos, etc. The test covers both.
... more
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Yesterday at 9:38am
Debbiebrooklyn5 answered:
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Yesterday at 4:26am
Kathy Burgreen answered:
You need to work with a real estate agent and unfortunately you will need to pay a brokers fee. I know there are plenty of apartment rental buildings with their own parking garages attached. These rental buildings are expensive and perhaps your budget is not able to pay the high rents. If you can't afford the expensive rental buildings, your next step is to get into a cheap rental building and find a nearby garage that you can pay a monthly rent separately.

I know Brooklyn and Queens is very pricey for rentals. You should also take the subway to the Bronx. Rents in the Bronx are much cheaper AND there is parking garages available. Some really nice neighborhoods to check out are: Pelham Parkway (check out the side streets), Allerton Ave. (check out the side streets), Williamsbridge Rd. (check out the side streets), Bronx Park East (check out the side streets), Mosholu Parkway, Bedford Park Blvd. and Riverdale.
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Mon Sep 18, 2017
Kylelandry answered:
Hi Nthabi,

I have a couple listings that are room shares that you may be interested in. Let me know!!!

All the best,
0 votes 6 answers Share Flag
Sat Sep 16, 2017
Turbee81 answered:
My name isVictoria Turbee
And I'm looking for a 2 bedroom apartment with city feps
My voucher is for 1515
Please anyone if you any information can you let me know
Thank you very much ... more
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Wed Sep 13, 2017
Bkontoulas answered:
I am renting a single family residence. At one time, it was a duplex, and two separate meters were in place for each unit. It was renovated into a single family residence, however the
landlord never converted the two meters into one. He did not disclose this at the lease
signing. I have had to put down two separate deposits for each meter, and am receiving
two separate bills. Legally, is there a law that I can refer to regarding single family residences that would support the landlord's responsibility to have the two meters converted into
one meter? Thank you for your response
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0 votes 8 answers Share Flag
Tue Sep 12, 2017
Zee A asked:
I am looking to buy a 421-a tax abated condo in Flatbush - the tax abatement is for 15 years, which is great...I'll be paying $8 a month. Everything about the apartment is perfect EXCEPT…
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Tue Sep 12, 2017
Management.omph answered:

Check out our website for your rental needs.
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Sun Sep 10, 2017
Kathy Burgreen answered:
There may be very few homes in foreclosure in NYC because selling prices have increased so these owners are not in foreclosure anymore. Owners who were in foreclosure can now sell their homes for regular prices and make a profit. Briefly, you're too late. You should have looked for foreclosures 5 years ago - that is when deals were being made. ... more
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Sat Sep 9, 2017
Kathy Burgreen answered:
You should be OK because your income is more than sufficient to pay rent. If your income was much lower, your credit score would be a larger factor.
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Sat Sep 9, 2017
Kathy Burgreen answered:
There are about 5,000 agents in Brooklyn. You need to learn that agents are independent contractors and can choose who they want to work with and who they don't want to work with. If you are looking for cheap rentals or cheap homes to buy, nobody will work with you because it's a waste of their time. If you can afford $3,000.+/month for a rental or buying a coop for $500K, then you will get real estate agents to help you. ... more
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Sat Sep 9, 2017
Kathy Burgreen answered:
You will have extreme difficulty. Landlords typically verify your employment, income and U.S. credit score before they will accept you. Renters fill out an application and pay a fee. The issue is your application will be mostly blank - no U.S. address, no U.S. Social Security number, no U.S. telephone number, The only thing you will have is a letter from your employer stating that you will work in New York.

Your best method is to call the main offices of several brokerages and ask to speak with the Office Manager. Ask the Manager to be connected to a real estate agent that specializes with foreigners.
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Sat Sep 9, 2017
Kathy Burgreen answered:
Real estate websites like Zillow, Trulia, etc. are very poor when it comes to specific criteria like multi family homes, homes without HOA's, etc. You need to work with a realtor to email you listings directly from REBNY with your specific criteria. ... more
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