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Financial District : Real Estate Advice

  • All49
  • Local Info8
  • Home Buying7
  • Home Selling3
  • Market Conditions2

Activity 26
Wed Mar 23, 2016
Jonathan Lahey answered:
yes we do recommend investment now , after 3 years condo's can be a useful asset to purchase a new home or maybe it can be your business buy making it as for rent!
0 votes 1 answer Share Flag
Fri Mar 27, 2015
Michelangelo Vasco answered:
New York State real estate law states a commission can only be paid to the brokerage who will of course pay the agent according to their contract with the company.
0 votes 4 answers Share Flag
Mon Jan 5, 2015
Brian Hughes answered:
As licensed real estate salespeople in NYS we are not allowed to discuss anything pertaining to race, religion, or sexual orientation.

It is a violation for us to do so.

If you are still looking for a place in NYC there are some resources i can suggest you take a look at in regards to your specific rental search criteria which may help you find an area/s that appeal to you the most.

It would be my pleasure to provide my services to you and anyone you know who may be looking to rent, buy, or sell. I also work in commercial leasing and retail.

Have a wonderful night, be well

Brian Hughes
bhughes@areanyc.com
... more
0 votes 3 answers Share Flag
Wed Jul 23, 2014
Daria Kolomiiets answered:
Always check the crime rate in your nearest police department office.
0 votes 4 answers Share Flag
Mon May 26, 2014
Belal Mohd answered:
Fri Apr 18, 2014
William Fink answered:
There are many buildings available in the Financial District that could work well for you. It's important to keep in mind that Manhattan relativity is small with good public transportation. All trains lead to the financial district so your not restricted to just living in that particular area. There are so many great neighborhoods in Manhattan it's about finding what feels like home for you. ... more
0 votes 8 answers Share Flag
Wed Apr 2, 2014
D. Patrick Gobin answered:
H Jeffrey,

I currently have a great listing in Fidi that is being sold at $724 psf. It is a large one bedroom with great sunlight and in a 24 hour doorman building for $589,00. It's a great deal! http://www.nyls.net/listingdetails.aspx?lid=269616 .

I have been living in the Financial District for 20 years and would highly suggest in investing in area. Please feel free to contact me at (347)344.6110 if you are interested in see this apartment.

Thx,
Patrick
... more
0 votes 5 answers Share Flag
Tue Aug 20, 2013
Trevor Curran answered:
Rent today; Buy tomorrow. How to convert from Tenant to Homeowner.

When I rented my first apartment in Astoria, I did not want to be a Tenant my whole life and pay my Landlordâ€s mortgage. I longed to become a Homeowner.

That’s why I found my way into the mortgage business in 1989 and soon afterward became a Homeowner. Here are the fundamentals any Tenant should know to prepare to become a Homeowner in the future, no matter when that might be.

• Credit: Establish 3 credit accounts, no more than 5. Pay your bills on time. Keep your balances to no more than 50% of your credit limit. Don’t pay off the accounts in full. Keep balances active for 12-24 months. All of the above will provide both a good credit score and adequate credit history to qualify for a mortgage loan.

• Assets: A basic savings budget isn’t hard to do. Pay your rent first in your budget; then set aside 10% of your income before taxes . Make it a budget priority and you’ll still have money left over for entertainment and restaurants and clothing.

How much money do you need to buy a home? Many buyers spend no more than $25,000 to buy their first homes. There are loan programs with low down payment requirements and many real estate agents negotiate for their Buyers a “Seller’s concession” to include the Buyer’s closing costs (which are HIGH here in New York!) in the price of the home.

• Income: Two years consistent income is the basic requirement for either a salaried individual or a self-employed person. Income from Bonus, Commission, and Overtime is treated differently and is best discussed with your Mortgage Banker.

• Market Survey: it doesn’t hurt to go out and get to know neighborhoods where you might like to buy a home. Visit open houses on Saturdays and Sundays. It’s okay that you’re not yet buying; tell the Realtor at the Open House you’re just beginning your “survey.” You’ll also get to know market prices for different kinds of homes. It’s okay to “window shop” homes on the weekend at Open Houses!

I hope these fundamentals will help you better understand the path to homeownership is a process that, with preparation and dedication, you can move through easily. And if you’re interested in getting Prequalified today to create an Action Plan for your future of Homeownership, call me anytime!

Trevor Curran
NMLS #40140
www.tcurranmortgage.com

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 2 answers Share Flag
Tue Aug 20, 2013
Russell Dingle answered:
if you are still looking with no luck, please contact me , as i have a large inventory of properties available ASAP
0 votes 6 answers Share Flag
Tue Aug 20, 2013
John Cohen answered:
Have you found a place yet? If not please call me (516)523-6205 i have access to the best apartments in the Financial District. Please lookg me up at Platinum Properties, that is my company. ... more
0 votes 8 answers Share Flag
Sun Jul 7, 2013
Fern Hamberger answered:
Brian,
A you want to sell as soon as possible for the most dollar you can get.
And that should be easy if you do the following
-Price the apt right
- Present it well
- Market it well Online and Offline.
- and most of all have it accessible to the right
To get the most money for your apartment, it has to have the right exposure, and nothing like a good
Website and a good Broker to do the job.
find a broker who is familiar with your neighborhood, and a good sales person.
If you have any questions on the above points, please consider me as one of the brokers you will interview to sell your apartment.
Fern Hamberger
associate Broker
Fhamberger@corcoran.com
The Fern Hamberger Team
Corcoran Union Square
... more
1 vote 7 answers Share Flag
Tue May 28, 2013
John Peitler answered:
Please contact me for assistance. My name is Tanuja and I can be reached at 347-882-0353. Thank you and good luck.
0 votes 5 answers Share Flag
Tue May 21, 2013
Russell Dingle answered:
if you havent found anything yet, please give me a call ASAP 646 879 0672
0 votes 9 answers Share Flag
Tue May 7, 2013
Jesse Isaacs answered:
Hi Mary,

My name is Jesse Isaacs and I am the Executive Vice President here at REAction International, a real estate brokerage here in Midtown West.

This ad appears to be false and you will find that the internet is riddled with false and misleading ads (unfortunately).

If you'd like, please feel free to contact me and I will put you in touch with one of my top agents specializing in the Financial District.

Thank you and I look forward to hearing from you.

Kind Regards,

Jesse Kane Isaacs
Executive Vice President | Director of Rentals, NYC
REAction International, Inc.
Licensed Real Estate Broker
57 W. 57th Street
Suite 1100
New York, NY 10019
Office: (646) 374-4422
Mobile: (845) 239-3144
... more
0 votes 3 answers Share Flag
Mon Feb 11, 2013
John Peitler answered:
If you are looking for an apartment in Manhattan, please contact me. My name is Tanuja and I can be reached at 347-882-0353.
0 votes 5 answers Share Flag
Tue Sep 25, 2012
Tim Torres answered:
Hi Claire,

If working in the Downtown area there can be some very great benefits to also living in the historical Financial District. There are some great apartment buildings with some amazing amenities and it will save you time and money when traveling to and from work.

The Downtown area is my backyard and i can assist you in finding the Perfect Apartment to fits your needs and budget.

Good Luck,

Tim Torres
... more
0 votes 3 answers Share Flag
Mon Oct 12, 2009
carol friedman answered:
to get an idea of what the coop board has accepted in the past have your broker look up past /recorded sales to give you and idea of what prices they have accepted. However, submit your package and if you meet the boards criteria you have a good chance of being accepted. boards do require to meet you for an interview as welll.unfortunately a board does not have to give you a reason for a turn down. Make sure your board package is perfect with all required documents, dress appropriately for the interview and good luck carol friedman Nests seekers int. ... more
0 votes 2 answers Share Flag
Fri May 8, 2009
Jenet Levy answered:
The Financial District is essentially the Wall Street area. In the last few years there has been a tremendous amount of condo development spurred by government tax incentives to developers. When things were booming, the Wall St. crowd and foreign investors were buying at pre-construction prices in these buildings. Most of these buildings have a tremendous amount of amenities. For a while it was just about guaranteed that if you bought pre-construction, by the time the building was completed you could sell your unit for more. Then came Fall of '08 with the crash of Lehman Bros, Bear Stearns, the current financial crisis and the downturn in our NYC housing market. The hardest hit neighborhood was the Financial District. Prices there have plummeted and developers desperate to sell remaining units have slashed prices. Some buildings have been harder hit than others. Some, like the Cocoa Exchange (1 Wall St. Court) was sold out before the problems hit. 25 Broad St had to turn rental. 20 Pine Street had long delays because the partners split up and had a court battle over custody. If you know where the deals are, you can do very well in purchasing there. But you should be guided by an agent who knows where the deals are, knows how to negotiate them, and knows the inside info on them. Each building there has a unique story of its own trials and tribulations. I'd be happy to clue you in on more details, as I've come to know it very well through doing deals down there. Feel free to click on my contact info and contact me if you have specific questions or would like help with your search. ... more
0 votes 3 answers Share Flag
Tue Aug 5, 2008
Carlos Herrera answered:
Shortest answer on Trulia, right here....DO NOT PROVIDE THEM WITH IT!
0 votes 7 answers Share Flag
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