Carter's View – CW Capital settles with Ackman group and cancels foreclosure on Stuyvesant Town

Lenders formally took control of Stuyvesant Town and Peter Cooper Village yesterday, ending a four-year odyssey that put the affordable middle-class enclave at the center of both the biggest real estate deal in history and a major financial debacle, according to an article published in today's edition of The New York Times by Charles V. Bagli.


Full story here Carter's View – CW Capital settles with Ackman group and cancels foreclosure on Stuyvesant Town

To sell an apt no detail is too small...



On a recent Thursday morning, Jamella Swift, a Citi Habitats broker, was trying to anticipate every detail that would prevent a potential buyer from purchasing the two-bedroom condo she was selling in Bedford-Stuyvesant, Brooklyn. She put a full-size bed in the bedroom so buyers wouldn’t think the room was too small. She dragged in a Lucite coffee table to create the illusion of a larger living space and set up three floor lamps to supplement the recessed lighting. Ms. Swift hoped that the $5,000 she had spent would help her land $395,000 to $425,000 for the apartment.

Read more: http://www.nytimes.com/2011/02/22/nyregion/22appraisal.html?_r=4&hp

The Lucky Break of Rent Stabilization - NYTimes.com

THERE are nearly a million rent-stabilized apartments in New York City. Which means that there are at least a million lucky people who know they have relatively low rent that isn’t going to rise too far, too fast. These fortunate souls also know that their leases, especially for apartments in Manhattan and parts of Brooklyn, are worth far more than the paper they are written on, should the landlord or a developer decide to buy tenants out.


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The Lucky Break of Rent Stabilization - NYTimes.com

Financial District Finds Life in New Tenants - NYTimes.com

Financial District Finds Life in New Tenants - NYTimes.com: "- Sent using Google Toolbar"

Condos and coops to be excluded from new flip tax rule - Crain's New York Business

Condos and coops to be excluded from new flip tax rule - Crain's New York Business