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Kips Bay : Real Estate Advice

  • All20
  • Local Info3
  • Home Buying2
  • Home Selling0
  • Market Conditions2

Activity 6
Wed Feb 3, 2016
Jonathan Lahey answered:
Here you go -

Try checking the link you will find the prices of that area.
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Sat Sep 27, 2014
Christine Gordon answered:

How are you? I hope you're doing well.

With regard to rentals, "net effective" refers to the TOTAL amount of rent that a tenant will pay over the entire length of their lease. Ie: A $3000/mo rental with a 1 month free promotion from the landlord will give you a NET EFFECTIVE rent of $33,000 if it's a 12 month lease. This is because technically you're only paying for 11 months instead of 12.

With regards to "it may be amortized" --- that's not relative to rentals. That statement is more relative to sales. Ie: In the banking industry, an amortizing loan is when the principal is paid down over the life of the loan.

Hope this information is helpful to you. I wish you all the best :-)

Looking forward,

Christine Gordon
Licensed Real Estate Broker
Gorick Realty, Inc.
Cell: 917.881.2924
Fax: 347.328.9352
View listings at
"Home is where the heart is."
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Fri Jul 11, 2014
kartik asked:
This question was asked from
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Tue Apr 16, 2013
M answered:
Long Island City is one stop away from Midtown/Grand Central. It is a fantastic location with a breathtaking skyline of Manhattan! Rents are more affordable than in NYC. It is a great option!
Contact me if interested!
Best, Marie-Helene
Mobile: 917.803.7150
... more
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