Wednesday, April 10, 2013

23 New Developments Hitting the Market This Spring - click for he map


23 New Developments Hitting the Market This Spring Tuesday, April 9, 2013, by Sara Polsky

The real estate market tends to heat up come spring right along with the weather. For anyone out hunting for a condo or rental, there are a few new development offerings to choose from. We've compiled a map of projects that are set to hit the market this spring, plus a few that appeared on market in the first quarter. Know of one we've missed? Please share in the comments or with the tipline, and we'll add it to the map. Happy hunting to all. UPDATE: We've added a few more developments to the map, but let us know if there are others we're still missing.

Tuesday, April 9, 2013

Fewer sellers fuel low inventory in NY real estate market

Shortage of 'Unaffordable Housing' in NYC

Real Estate News | New York Report

Shortage of 'Unaffordable Housing' in NYC

By Bahar Tavakolian | April 8, 2013 10:57 AM ET

Market reports released last week for the first quarter of 2013 in New York were nothing short of impressive. There is record low inventory and high demand. There are buyers out there looking for that perfect New York home and fewer sellers. This has held true for all market segments, from the trophy properties to the more modest ones.

Not long ago I could not have imagined that it would be a challenge to find qualified buyers their New York dream pad. But in these past couple of months, it certainly has been. We have what my esteemed colleague Kirk Henckels calls "a shortage of unaffordable housing."

Once again we have a resurgence of competitive bidding for intelligently-priced quality properties, as buyers who qualify for a home mortgage want to take advantage of the record-low interest rates. Inventory is down 16.9 percent from a year ago and quality homes are selling rapidly and for compelling prices.
Read the full story here: 
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Thursday, April 4, 2013

Tips and Tricks for finding a home for you and your dog in NYC

What Pet Owners Must Do to Get New York Apartments

Emily Louise Andrews for The New York Times
Gerald Allarde of East 30th Street takes in the view while Leo gives the camera an I-deserve-a-biscuit look. The dog, an American Staffordshire terrier, made the Allarde family’s apartment hunt a headache.

Tuesday, April 2, 2013

The Latest Sign of Gentrification: Biggie's Old Apartment Is for Sale for $750,000

POSTED BY  ON TUE, APR 2, 2013 AT 1:46 PM

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The 3-bedroom apartment where a young Christopher Wallace, later known as Notorious B.I.G. (obviously), lived is now for sale for $750,000. That's a lot of money! Or is it? I don't know. I have maybe officially lost all perception of what "a lot of money" is when it comes to Brooklyn real estate. However, I used to live on that block, wayyyy back in 2001, which was still a completely different era than when Biggie lived there because it was already being called Clinton Hill back, but still, that seems like an awful lot of money.
Biggie, of course, never would have said he came from Clinton Hill. He would have said he came from Bed-Stuy. Obviously. And he also probably wouldn' t have recognized his old apartment, because it went through extensive renovations a few years ago which attempted to "preserv[e the] traditional styling while answering the needs of modern usage." And probably the fact that the real estate listing places special prominence on the presence of "a place to store bikes" in the building, wouldn't have mattered all that much to Biggie. I guess I'm assuming here, but he never seemed like much of a cyclist. And, I mean, who can even guess what he would have thought of the proliferation of bike lanes in his old hood. Sadly, we'll never know. Well, I guess that there are other things about his absence that are a lot sadder than that, but still.
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