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Kensington & Parkville : Real Estate Advice

  • All61
  • Local Info12
  • Home Buying12
  • Home Selling3
  • Market Conditions2

Activity 40
Tue Jun 19, 2012
Trevor Curran answered:
Dear Halley,

I'd love to sit down and chat with you to complete a thorough Prequalification. I'm a Local Mortgage Banker and I've been helping Home Buyers for 22+years here in the NY Metro region.

In the Prequalification meeting we'll review the building blocks of a successful mortgage application: IAC or Income, Assets, and Credit. Then we can determine the loan programs we can offer you and the programs that are the best fit depending on your family's goals and financial lifestyle. I'll also guide you through the entire process of buying a home, from finding a great local Realtor, to making an offer, home inspections, contract signing, loan process and closing. My clients get a personalized "First Time Buyer's Seminar."

I'm accessible seven days a week and I make house calls, so give me a call today and we can get you on your way to homeownership!

Trevor Curran
NMLS #40140
Office: 516-829-2900
Mobile: 516-582-9181
Fax: 516-829-2944
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
http://www.phsloans.com
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528
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0 votes 3 answers Share Flag
Wed Feb 29, 2012
Mitchell Feldman answered:
Dear Gary:

There is no property attached to your question, it may be a computer glitch. You should resubmit your question with the link to the property, or if you like call me and I will be more than happy to do the research for you. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
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0 votes 4 answers Share Flag
Mon Feb 13, 2012
Annette Levinson answered:
Your accountant will do a Schedule E in which you deduct mortgage interest from the rent you receive besides other things. You need to speak to your accountant.
0 votes 6 answers Share Flag
Sun Sep 25, 2011
Michael Bryan answered:
Dear Hamida I"ll be more than happy to get in touch with the super or owner of this building.Please give a call at 917-586-0369 or email me kingsbridgemgmtgroup@gmail.com. Michael,Broker, with Kingsbrige Management Group,Inc. ... more
0 votes 2 answers Share Flag
Tue Jun 21, 2011
David Rogoff and Bonnie Chernin answered:
Per the MLS only apt 7D is available.

I do not see apts. 9KL

Bonnie Chernin and David Rogoff
Fillmore Real Estate Branch #19
2926 Avenue J
Brooklyn NY 11210
917-593-4068 – David mobile
646-318-5031 – Bonnie mobile
davidrogoff@fillmore.com – E-mail
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0 votes 4 answers Share Flag
Sat Mar 6, 2010
Joseph Hastings answered:
Hi Ira. The short answer is no, it is not true. The percentage will vary from building to building. Check this before you sign any contract.

Condo common charges (you referred to as maintenance) are not deductable. Unlike a Coop that includes the property tax portion in it's monthly charge, you get a separate statement for property tax when you own a Condo. Your common charges go to the upkeep of the building and many other things like liability insurance, snow and garbage removal, doorman, etc. As such, no deduction. ... more
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Wed Mar 3, 2010
David Rogoff and Bonnie Chernin answered:
Hi Ira,

We agree with all the preceding responses. Experience tells us that whenever with all home purchases there are nuances in the tax law and you should engage a qualified accountant to clarify the qualification rules for the homebuyer tax credit. Looking over the revised Form 5405 from the IRS, there are new general instructions and a very detailed overview of the amount of the credit, who is eligible and who is not. Here is a direct link to the form:

http://www.irs.gov/pub/irs-pdf/i5405.pdf

Hope this helps, and please call us if you have further questions or if you would like us to help you find a home.

Best regards,

Bonnie Chernin & David Rogoff
Coldwell Banker Mid Plaza Real Estate
Cell: 917-593-4068
E-mail: david@BestHomesInBrooklyn
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0 votes 6 answers Share Flag
Fri May 29, 2009
Alen Moshkovich answered:
Hi Connie,

I'm not sure who Issac & Stern are. I do know that they are based in the city and are small time developers in comparing to Karl Fischer. Karl is a renowned architect who has an impressive portfolio with projects all across Brooklyn, Manhattan and Canada.
I will try to shine some light on what I know about these two buildings in question.
235 Ocean Parkway is more of a neutral condo building in appearance that easily blends into its surrounding area.
I believe it has 12 Residential units and 4 commercial units.
If my information is correct there are only 3 apartments that have signed contracts, and 1 unit sold.
Ceiling height is on the low side with only 8 feet.

601 Ocean Parkway is more of a modern building, a whole different aesthetic. It's also a larger building with 26 apartments out of which only 2 have a signed contract and 3 have an accepted offer which may or may not lead to a contract. It has a 14 car garage, storage area among other amenities.
These apartments are slightly smaller than in the 235 building and 2 bedrooms are also more expensive in 601.

Connie, you have to decide if you prefer to live in a building that’s larger or smaller. Are amenities important to you? Do you like the block the building is sitting on? One has a garage while the other does not, and if you live in Brooklyn Kensington area, you know that it's not always easy to find parking during the day. I used to go to Kensington Aerobics and Fitness on East 2nd, across from Mobile Gas Station. I know firsthand how stressful it can be.
It's a very nice area; I sold a Coop on Ave C and Ocean Parkway last winter and my client loves it.
Being that these two buildings are new developments, majority of banks require 50% of the building to be sold before they will consider lending to a purchaser. Other banks require as much as 75% of the building to be sold before lending. All of this will come into play. It may be that these buildings have been pre-approved by a lender already, which will ease the process considerably.
235 Ocean Parkway has 4 commercial units for sale. Banks tend to look at that under a negative light.

Connie, feel free to reach out with any other questions.

Kind Regards,
~Alen
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0 votes 2 answers Share Flag
Mon Mar 23, 2009
Heather answered:
This answer is just for fun but with some neighborhood vibe info.

I was at the Cortelyou road Q/Station ( AT E15st) yesterday and went into a tiny deli for a fruit juice- and noticed that the bar two doors down had a live band playing- on Sunday, They had a good crowd who were singing along. They had the stage on the street side ( very smart I thought) It was an all female band with about 7 women called " Girls on Top" playing Classic Rock and Motown.
(They were HIGH ENERGY _rocking _OUT!! )
I went in to the deli, they were playing "Dancin In the Streets". When I came out it was " I Can't Get No Satisfaction"

Sadly I can really identify with that second one - If I get into this nabe it will probably be nearer the F train end of it,where the homes and lawns also look good.

Halley, just *avoid* the block of E16 street between Beverley and the dead end. Huge apartments. Train in back, even number side meaing tiny cement back yards.. Junk everywhere there is a little bit of sidewalk or lawn, and big ugly barbed wire fences protect transit property.

And it is right around the corner from E 17 and some of the most _enormous, posh, gorgeously maintaned Victorian mansion type houses that I have ever seen.
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0 votes 4 answers Share Flag
Tue Oct 9, 2007
Pam answered:
I live off of Courteyou (off CIA) and have a toddler. I think this is a great area for kids. There is a fantastic network on yahoo called Flatbush Family Network. The schools are good. Crime is low. Near Q/B and not too far from the F (which I take). Can get to Prospect Park or the Parade ground playgounds.

I think if you spend a Saturday afternoon with a stroller in the neighborhood, you will find it very family friendly.

Good luck!
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0 votes 1 answer Share Flag
Fri Aug 10, 2007
Dee asked:
how much is a 3 bedroom 2 bath coop going for in the kensington area of brooklyn that needs total renovation....
0 votes 0 Answers Share Flag
Mon Apr 23, 2007
Sonni Woodbury answered:
Working with a good mortgage broker is crucial to determing how much home you can afford.
0 votes 1 answer Share Flag
Mon Apr 23, 2007
Sonni Woodbury answered:
Buying a home via a foreclosure can sometimes save you some money, but there is risk. With a foreclosure, you may close on the property without it being vacant, and have to wait for previous owners/tenants to be evicted, and, in either event, sometimes you won't know the condition of the property. ... more
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Mon Apr 23, 2007
Sonni Woodbury answered:
One should make an offer based on the property that is being considered. If feasible, find out what recent comparable homes sold for in the neighborhood or on like blocks. If the asking price is fair, then your offer needs to be reflective of that--as the seller is looking for market value. ... more
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Mon Apr 23, 2007
Sonni Woodbury answered:
This neighborhood is very easy to live in without owning a car. I, myself liked in the neighborhood without driving for many years. Easy access to the F train and numerous bus lines make it very easy to get around. ... more
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Mon Apr 23, 2007
Sonni Woodbury answered:
Mon Apr 23, 2007
Sonni Woodbury answered:
Kensington is walking distance to Prospect Park, and the Kensington Stables. Plus, there are additional playgrounds as well. One such playground, newly renovated, is located at E. 5th St and Greenwood Avenue. There are some dog runs within Prospect Park, as well as running paths. ... more
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Mon Apr 23, 2007
Sonni Woodbury answered:
There are a number of great fruit/vegetable grocers in the neighborhood, as well as a large grocery store, a food co-op, a farmers market on Cortelyou Road, and several ethnic grocers. Whatever type of food you might be interested, you can sure you will find makings for it on Church Avenue. ... more
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Mon Apr 23, 2007
Sonni Woodbury answered:
This is terrific for families with children. It has good schools, is walking distance to Prospect Park, the Kensington Stables, several other playgrounds, libraries with a plethora of childrens programs,and there are lots of families with children in the neighborhood -- so lots of friends for your children to play with. Its close proximity to Park Slope is also an advantage, as other childrens/adult activities you might want to take advantage of are just minutes away. ... more
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Mon Apr 23, 2007
Sonni Woodbury answered:
NYC is experiencing its lowest levels of crime in many years. As a Kensington resident, I feel the neighborhood is quite safe - I walk constantly, and there is a really nice family quality that is visible within the neighborhood. ... more
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