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Market Conditions in New York : Real Estate Advice

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  • Local Info71
  • Home Buying346
  • Home Selling51
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Activity 761
Thu May 16, 2013
Allison Bradley answered:
Of course the answer varies greatly with regards to where the land is located, its attributes, and the quality and use. I would estimate approximately $1,000 an acre.

Allison Bradley
Select Sothebys International Realty
518.339.7313
allison.bradley@sothebysrealty.com
... more
0 votes 3 answers Share Flag
Mon Apr 15, 2013
Jennifer Chiongbian- 917-250-2284 answered:
That will depend on the level of service in the building and other factor suchs as view, floor level and square footage.

I am a working real estate broker and Manhattan appraiser so when values are affixed to units, these are the things that are considered when making a loan. ... more
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Sat Apr 13, 2013
Thomas Brady answered:
Hi Hofner121, if you are a seller I recommend getting a free CMA from a realtor, if you are a buyer I'd recommend you get a buyer's agent. A buyer's agent should be paid by the seller but work for you, among other things they can do for you is to prepare a comprehensive report on pricing of homes you you are interested in. If you have any further questions please feel free to e-mail me directly.
Tom Brady SFR, e-PRO, SRES, GREEN, BPOR
Licensed Real Estate Salesperson
Notary Public, Retired N.Y.P.D. Lt.
631-682-8660
Tom@BradyFamilyRealty.com
www.BradyFamilyRealty.com
www.SuffolkFreeCMA.com
www.NassauFreeCMA.com
#1 Listing & Selling Office on Long Island
Charles Rutenberg Realty, Inc.
255 Executive Drive - Suite 104
Plainview, New York 11803
... more
0 votes 1 answer Share Flag
Sat Apr 13, 2013
min answered:
Trulia said that is a public record, Which record? Records from 30 Years? The public data said clearly that for example " 56 Bentwood east court Albany NY 12203 " who was purchase January 2012, price $525,000, taxes record indicate $18,000. Home value $778,000. Those are recorded facts that can be verified and not your "own prefabricated data's." I am sorry but during our search to look eventual property's to buy, we were confused.
Trulia said one thing and reality is quite different.
I would pretty much prefer to read reals facts .
... more
0 votes 9 answers Share Flag
Sun Oct 6, 2013
Mitchell Feldman answered:
Dear Valentino:
I cannot say this with 100% certainty but I theorize based on looking at it that someone had purchased the property back in 2009 for $530,000 (which was a time when prices were still very high and the banks were lending money to just about everyone regardless of their ability to pay the mortgage).

Many people who purchased back then took adjustable mortgages with plans on refinancing when the interest rates would go up. The only problem is that several years later when the rates went up and the homeowner tried to refinance into a fixed mortgage... the banking industry had changed so much and was not lending money as easily as it used to. Homeowners then found that they could not refinance their loan and found themselves stuck in a situation where they could no longer afford to pay their mortgage. In addition to that, when home prices fell, quite often the debt owed on the property became more than the value of the property. Hence the homeowners were left with not much of an incentive to continue paying their mortgage.

In most cases where this happened, the home will either get foreclosed on or sold as a short sale. Either way, the house typically is sold real cheap because the bank wants to get rid of the property and just write it off as a loss. I think this is what happened here because the next sale in 2012 was for $251,000. Also, in this type of situation the house is usually purchased by an investor who's goal is to then sell the house and make a profit. Sometimes they may also do some fixing up of the property to ad value, but ultimately they are looking to sell the house and make money. hence, this is why we then see the third sale for $410,000 in 2013.

Again, this is all theory and I cannot say for sure this is what happened here, but when you look at the prices and the dates, if I were a betting man, this is what I think most likely took place with this property. If you want to discuss this further or need help buying or selling a home in Brooklyn, please contact me direct.

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
... more
0 votes 3 answers Share Flag
Tue Apr 9, 2013
Rafal Zbrzezny answered:
Hi Brittany,

The price of $535,000 is the price for the condo. Underneath the price there is an estimated price per month of $2397. This is what you can expect to pay monthly. Your monthly payment will depend on how much down payment you will put down and also what your percentage will be on your loan

If you any other queations please feel free to contact me at rafal@dsarealty.com.
... more
0 votes 2 answers Share Flag
Sat Aug 17, 2013
Anna M Brocco answered:
Depends on the damage, if any, caused by the storm; unfortunately the question really can't be answered with accuracy with little information....
0 votes 6 answers Share Flag
Sun Sep 8, 2013
Rafal Zbrzezny answered:
Hi Sherry,

Its a nice elevator, laundry building in a prime location. Is this in regards to the studio currently available in the building?

Rafal Zbrzezny
Licensed Real Estate Salesperson
theIgroup

113 East 12th St.
New York NY, 10003
(O) 212 693 0200
(M) 917 455 7847
(F) 212-693-0800
www.dsarealty.com
... more
0 votes 7 answers Share Flag
Sun Apr 7, 2013
John M. Caputo answered:
The taxes on this home are recorded as $5925.00 per calendar year, and is listed as "under contract" as of the 4th of April 2013.
0 votes 2 answers Share Flag
Sat Jul 20, 2013
Cindy Mead answered:
You can buy a Lake Front home on Brant, Loon or Schroon Lakes for $500K - $600,00 !!!!!! All great motorboating lakes at half the price of Lake George, and only 15 minutes north!
0 votes 5 answers Share Flag
Mon Apr 1, 2013
Mitchell Feldman answered:
What is your question exactly?
0 votes 2 answers Share Flag
Tue Apr 16, 2013
Lydia Green answered:
The answer to your question would depend on many factors. Based on the description of the property, it has been recently updated. So, the market value of the house would be based on recent sales of similarly updated homes.

Are you working with a Realtor who has shown you this house? And, if so, is that person representing you or the homeowner? The listing agent cannot help you to determine fair market value because they have an obligation to the seller.

If you are not currently working with a Buyer's Broker, I would be happy to represent you on this or any other house you would like to see. I have been representing buyers since 2000 and have helped many families get happily moved into their new home. Please call me at 516-410-3000 if you are interested.
... more
0 votes 6 answers Share Flag
Mon Apr 1, 2013
Judith McKenna answered:
Hi,

35 Barbara Street in Staten Island is presently Under Contract as of February 13, 2013.

Is there anything else I can help you with?

Best Regards,

Judith McKenna
0 votes 3 answers Share Flag
Tue Apr 2, 2013
Joe Nieves answered:
It is currently under contract.
Joe Nieves
Berns Agency
0 votes 2 answers Share Flag
Sun Mar 31, 2013
Ms. Waters asked:
This question was asked from http://www.trulia.com/property/1082147810-34-Manhattan-Ave-Middletown-NY-10940
0 votes 0 Answers Share Flag
Sun Mar 31, 2013
Christopher Pagli answered:
The Crestwood station is nearby.

Chris
0 votes 4 answers Share Flag
Mon Apr 1, 2013
Alex Lavrenov answered:
Christina, It usually counts as discriminatory for anyone to state demographics, my best advice , is to get an actual feel for the neighborhood.
0 votes 8 answers Share Flag
Tue Apr 16, 2013
John Jourden answered:
Good morning

Have several clients looking in Gramercy Park as we speak. This particular apartment is well priced for a large 850 Sq Ft 1BR Co-Op. At $763 Sq Ft, there is solid room for appreciation as many Co-Ops in the area are already priced at $800+ Sq Ft.

What's NOT to LOVE about Gramercy Park would be my first response! Fantastic dining, schools, shopping and retail. Easy access to the Lexington Avenue 6-Train and future corridor for the Second Avenue Subway line.

Always in high demand on the rental side as well. Gramercy Park is the "Park Slope of Manhattan". A young, established professional demographic dominates the area since it's quite a bit pricier than it's surrounding counterparts. Doesn't have the younger "Frat House" feel to it like the more affordable East Village and Murray Hill neighborhoods.

Walkable to both Flatiron - where a lot of New Yorkers work, and Union Square - where a lot of New Yorkers like to play!

Feel free to contact me if you're looking for a Buyer's Agent. I almost exclusively work with Buyer's for two reasons: I love taking care of people and New York is my City - and I love sharing it with everyone!

John Jourden
Licensed RE Salesperson
The Spire Group
REBNY Member
646-841-4164
Trulia.com/profile/johnjourden/
Zillow.com/profile/John-Jourden/
... more
0 votes 5 answers Share Flag
Sun Mar 31, 2013
Thomas Brady answered:
Hi Chandru, in 2012 there were 19 condos that sold in Great Neck. the averages are as follows:

Listing price $580,526
Original price $600,047
Sold price $534,079
% Differance %7.85
Ave taxes $7,968
Ave bedrooms 1.9
Ave baths 2.1
Ave DOM 213

If you are thinking of buying or selling have an agent prepare a price opinion for you on the exact unit you are considering. Good luck.

Tom Brady SFR, e-PRO, SRES, GREEN, BPOR
Licensed Real Estate Salesperson
Notary Public, Retired N.Y.P.D. Lt.
631-682-8660
Tom@BradyFamilyRealty.com
www.BradyFamilyRealty.com
#1 Listing & Selling Brokerage Office on Long Island
Charles Rutenberg Realty, Inc.
255 Executive Drive - Suite 104
Plainview, New York 11803
... more
0 votes 6 answers Share Flag
Mon Apr 1, 2013
Corey Wayne Ogle answered:
Condos and Co-ops have a monthly fee that pays for building maintenance, staff and property upkeep.
0 votes 5 answers Share Flag
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