Tag archive for ‘Co-op’
New Listing-159 Madison Avenue 4G
Spacious and well appointed. A “Mini Home” is found in this former factory in prime Madison Square Park area. This apartment features a well appointed one bedroom layout with modern kitchen finishes and charm throughout, including picture moldings, French doors, a large bedroom and a very warm and comfortable atmosphere. Western and southern exposure & [...]
Hot Deals To Check Out!
“Hot List of Price is Right Properties”
Listing ID# Address/Unit# Size Property Type Orig. Listing Price CURRENT PRICE
#1074266 475 Greenwich/2B 1909sf Condo $1.935M
New listing! 3BR/2.5 resale in Tribeca loft building. Lowest priced 3BR in building. Never lived in. XXX mint.
Fabulous light from bank of floor to ceiling windows! [...]
The Way I See It- What Will Happen In Buying and Rates?
The reality of the market in my position is that people are slow to act or waiting for the proverbial shoe to drop. I hear “we haven’t hit the bottom yet” and quite possibly they are correct. Without a crystal ball, one can only rely on history and speculate the changes in the market [...]
Mortgage Mayhem in Manhattan?
MAYHEM!!! Say it isn’t so.
The process of purchasing a coop deal in Manhattan usually involved four basic steps. The first step being the marketing and showing, the second negotiating then accepting an offer, third the buyer application process, and finally the closing.
This story begins with a really nice couple, who came to an exclusive I [...]
NYC Abatement Program Extended For Four More Years
This past May, The NYS Legislature passed the continuation of the abatement program for homeowners in New York. This will continue through June 11, 2012. This is the fourth time that this tax abatement was extended since first enacted in 1996. The new law mandates that the City develop a better program and more permanent plan [...]
Mortgage Mess! Lot’s of Us Might Be Losing Out.
Three months ago, one of my good friends attained an accepted offer on a co-op. It was a second purchase for him and he knew the ins and outs of the entire co-op process. I put him in touch with a few mortgage brokers and he went with one guy who really made sense, and [...]
The report is in…
The Manhattan Market Report - A 10-Year Sales Trend Analysis of Manhattan Co-op and Condominium Apartments and The Manhattan Townhouse Report A 10-Year Sales Trend Analysis of Manhattan Townhouses.
All the reports have been posted on prudentialelliman.com in the market report area as well as on UPDATE in the Marketing area in the Market Report Folder.
You [...]
What’s Sellin…This Week!
Average Sales price decreased to $1.3M from $1.9M
Median Sales price holding close to $1M at $935k
Sales below $1,000,000 hold strong at 54%
Discount from last asking price slightly increased to 1.4% from -.5%
Discount from original asking price decreased to 2.1% from 2.7%
Transactions sold at ask or above increased slightly to 49% from 47%
Median number of days [...]
Most Expensive CPW Co-Op Listing Ever Comes & Goes
In case anyone is wondering how they could have missed the most expensive co-op ever listed on Central Park West, it’s because it came and went in less than 72 hours. Today’s Observer has the story of the $36 million, 12-room duplex penthouse at 55 CPW. The listing went up on Feb. 21 on the [...]
Reducing the Tax Bite on Apartment Sales
By JAY ROMANO
Published: March 2, 2008
MOST co-op and condominium owners know they get income-tax deductions for the mortgage interest and property taxes they pay on their apartments.
But what they may not know is the full range of tax breaks available when their apartments are sold.
“As a starting point, many owners of co-ops and condos overstate [...]
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