Tougher mortgage rules to take effect Sept 30th

11:48 AM

Beat The Lowering Of Home Loan Limits

By: Jill Urban

Getting a morgage might even get tougher with new rules about to take effect, but property buyers might still be able to beat the deadline.

 

Getting a mortgage might even get tougher with new rules about to take effect, but property buyers might still be able to beat the deadline. NY1's Real Estate reporter Jill Urban filed the following report.

Full Story and video link here:  http://www.ny1.com/content/ny1_living/real_estate/145050/beat-the-lowering-of-home-loan-limits

Post 9/11 - Financial District thriving 10 years later

Looking at Lower Manhattan ten years after Sept. 11 attacks

August 11, 2011 10:00AM

Ariel view of Lower Manhattan

Lower Manhattan is one of the fastest-growing neighborhoods in the city, the Wall Street Journal reported. Once considered a purely commercial district, abandoned come closing time, some 56,000 people now live south of Chambers Street, double the number of residents than in 2001.

"After Sept. 11, downtown became a residential community," said Tom Goodkind, a 22-year resident of Battery Park City. "It was odd."
READ FULL STORY HERE:  http://therealdeal.com/newyork/articles/lower-manhattan-went-residential-after-sept-11-according-to-report-from-the-alliance-for-downtown-new-york

Lucille Roberts Mansion is on the market

The Lucille Roberts 14 Day Makeover Plan

Former Lucille Roberts manse on rental market for $165K a month

August 09, 2011 11:30AM

Mansion at 4 East 80th Street

A $90 million mansion on the Upper East Side is renting for $165,000 a month, Curbed reported. The property, at 4 East 80th Street, had been on the rental market since January with an ask of $210,000 a month, and the price dropped to $165,000 this week. It had originally been listed for $90 million in March with Brown Harris Stevens broker Paula Del Nunzio, at the time likely the highest-ever official asking price for a single-family home in Manhattan. As The Real Deal reported earlier this year, the building was originally commissioned by Robert Woolworth, and had been owned by the estate of fitness mogul Lucille Roberts. Del Nunzio told The Real Deal in June that the townhouse's renovation made it unique on the market and that not only were all the original details of Woolworth's architect still intact, but they had also been "meticulously retored." [Curbed]

New York real estate is on the rise

NYC leads way in recovery race

Manhattan market stabilizes, while rest of country plays catch-up August 01, 2011 07:00AM By Peter Kiefer
The gulf between New York City's real estate market and the rest of the country has always been wide. But that disconnect appears to be growing.

"Manhattan seems to be one of the lucky ones," said Jonathan Miller, president and CEO of Miller Samuel, who called the Big Apple one of "the best housing markets in the country, relatively."

Read the full story here: http://therealdeal.com/newyork/articles/nyc-leads-way-in-recovery-race

Chinese investors take on New York

As Investors, Chinese Turn to New York

By KIRK SEMPLE

Published: August 10, 2011  

Chinese banks have poured more than $1 billion into real estate loans in New York City in the past year. Investors from China are snapping up luxury apartments and planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Chinese companies have signed major leases at the Empire State Building and at 1 World Trade Center, which is the centerpiece of the rebuilding at ground zero.

Read the full story here:

 http://www.nytimes.com/2011/08/11/nyregion/chinese-investment-grows-in-new-york-city.html

Atlantic Yards Concerns Block the Approval of Arts Space Liquor License

• credit Gwen Ruelle

Roulette, a new experimental arts and avant-garde music space located in the ground floor of the YWCA on Atlantic and Third avenues, is dealing with community concerns before its doors have even officially opened.
The Barclays Center, opening soon just a few short blocks away at Atlantic Yards, has made residents extremely cautious about what new businesses and establishments open nearby.
READ FULL STORY HERE:  http://carrollgardens.patch.com/articles/atlantic-yards-concerns-block-the-approval-of-arts-space-liquor-license

Can't help laughing at the irony of this...

For Sale By Owner Founder Contradicts Biz Model
Posted by: SarahBaker | August 9, 2011

Amid all of the recent gloom-and-doom headlines related to the debt crisis, here’s some entertaining real estate news for your Tuesday.

Colby Sambrotto, founder and former chief operating officer of ForSalebyOwner.com, tried to sell his 2,000-square-foot, two-bedroom New York apartment himself through online listings and classified ads, but after six months of sitting on the market, he sought the help of a real estate broker.
Jesse Buckler with Bond of New York said he told the seller the apartment in the Lion’s Head building was priced too low and wasn’t drawing the right buyers.
READ FULL STORY HERE: http://blog.memphisdailynews.com/?p=2759

Residents Respond to Fort Greene's Demographic Changes

Fort Greene/Clinton Hill locals sound off on rapid changes the neighborhood has undergone in the 5-6 years

Residents Respond to Fort Greene's Demographic Changes from NYT The Local - Ft. Greene on Vimeo.

I brought you the 90 sq ft apt in an older post. Meet the 78 sq ft "apt" in NYC's Hell's Kitchen

http://www.youtube.com/watch?v=Q4FoAr8i26g&feature=player_embedded

1st Annual Rutenberg Art Show

For one day only the Rutenberg office was transformed into an art gallery. Many of my talented colleagues, as well as their artistic friends were able to showcase their work.
The show was a success and we had a huge turn out and champagne reception.

Additonal photos link below: 

http://www.facebook.com/media/set/?set=a.239762049390057.64677.177770852255844&l=dfdb34ce76&type=1