Confidential/ Complimentary/ Consultation REAL ESTATE ADVICE AVAILABLE
It’s All New…. The housing market across the nation has hit a high time low with regards to American applicants who can afford to buy houses. More than 80% of ‘former’ home owners are now mentally settled with the notion of living in a rental unit for the rest of their lives. This is mostly due to the increased rate of foreclosures. Hence, landlords and investors have a more competitive market and are now offering better packages for tenants. For instance, in NYC there has been an influx of new developments and 2018 has already began to experience more incentives to tenants such as 1-3 months free; even complimentary breakfast in some buildings. The heat is on, the new trend is rentals. This is also influenced by the improvement in public transportation. More train routes, bus and cab services, and ferrys have been introduced, and commute is becoming more and more feasible. The boundaries are expanding, and nowhere is off limits anymore. _________________________________________________________________________________
One half of the former full-floor condo at 25 Bond Street in Noho, where actor Will Smith once rented, has made it’s way to the market, asking $11.8 million.
The three-bedroom, 3.5 bathroom apartment, known as unit 4E, spans 3,704 square feet and is highlighted by its loft-like layout that includes soaring ceilings, wide plank oak floors, walls lined with floor-to-ceiling windows, and a custom living room fireplace. The open chef’s kitchen is furnished with sleek custom cabinetry, built-in Miele appliances, two Subzero refrigerators, and a separate wine fridge.
Da BOOGIEDOWN BRONX…
Creating New Metro North Stations
New Metro-North Railroad service between Co-Op City, Parkchester and Hunts Point in the Bronx and Penn Station is Borough President Diaz Jr.’s highest mass transportation priority. These stations, with a combined ridership base of over 250,000 Bronxites, would also afford reverse commuting opportunities to employment centers in Westchester and Lower Fairfield counties. Railroad service to Co-Op City, Parkchester and Hunts Point has been endorsed by Mayor Michael Bloomberg and MTA Chair Elliot Sander in the context of PLANNYC 2030.
Plans are in formation to redesign and reconstruct all the major interstate highways serving the Bronx by the year 2030. These efforts seek to increase vehicular capacity, reduce congestion by eliminating traffic weaving and sharp curves, and improve access to business centers across the borough.
Bronx, NY Housing Market
$465K Median Listing Price $273K Price per Square Foot $486K Median Closing Price
A Few Current Listings
E62nd St - Upper Eastside Manhattan NY - 4BD Coop - $1,495,000.00
E 2nd St - Brooklyn NY 11218 - 2 Family 6BD 2BTH - 200sqft - $999,999.00
E 92nd St - Brooklyn NY - 3 Family LARGE HOUSE COMPLETELY RENOVATED - $690,000.00
E. 153rd. St - Melrose Bronx NY - 2 Family 7BD Large Semi-Attached Fully Renovated Home - $585,000.00
East 233rd St - NE Bronx NY - Renovated! Semi Attached 2 Family Brick Home - $599,000.00
148th Road Rosedale Queens NY - RENOVATED 1 FAM SEMI ATTACH! PRVT DRIVEWAY, CENTRAL HEAT - $549,000.00
173rd St - Forest Hills Queens NY - LUXURY HOME 2 FAMILY BRICK SEMI ATTACH - $1,250,000.00
SPRING STREET (Bowery and Elizabath Street) - Manhattan NY - 1BD - $2,950.00
EAST 19TH ST (2nd Ave and 1st Ave) - Gramercy -Manhattan NY - 2BD - $2,895.00
EAST 138TH STREET (Brown Pl and Brook Ave) - Bronx NY - 1BD - $1,800.00
46TH STREET (Queens Blvd/43rd Ave) - Queens NY - 1BD - $1,750.00
UNION TURNPIKE (Park Lane/Grenfell Street) - Queens NY - 3BD - $2,500.00
US Real Estate: Should you buy or sell in 2018?
Saturday, March 3, 2018 – Sunday, April 22, 2018
Installations by Belgian Floral Artist Daniel Ost
Has the retail-condo market bottomed out?
Brooklyn and Queens NYC Real Estate Experts Offer Their 2018 Predictions
In December, the average home prices for Queens real Estate were as follows:
Average sale price for a 1 family home in Queens was: $724K
Average sale price for a 2 family home in Queens was: $865K
Average sale price for a 3 family home in Queens was: $1.15M
Average sale price for a 1 bedroom condo in Queens was: $458K
Average sale price for a 2 bedroom condo in Queens was: $590K
Average sale price for a 1 bedroom coop in Queens was: $254K
Average sale price for a 2 bedroom coop in Queens was: $341