With stability in the greatest city in the world, low interest rates, great values in certain neighborhoods, New York City has never been a wiser investment.
Amid Brexit, terror, war and a U.S. presidential election unlike any has ever seen, the real estate market remains a beacon of stability. While buying has slowed somewhat, the market as a whole has returned to “normal.”
According to Jonathan Miller in Curbed NY, the resale market of condos and coops is on the upswing. With all the news of low inventory and new developments grabbing the headlines, over 70% of market listings are apartment resales. 78 % to be exact make up the resale market.
For the past few years, the biggest challenge for buyers has been low inventory in prime neighborhoods. Having so many...
Showings Start Sunday, June 5th
Price: $825,000 Type: Co-op Maint/CC: $1,929 RE Tax: ---
Rooms: 4 Bedrooms: 2 Bathrooms: 2 Approx. Sq. Ft.: 1,000
Fully renovated 2 bedroom 2 bath in Tudor City with wonderful pre-war charm including beamed ceilings, steel casement windows, beautiful hardwood floors and a window in every room. The living room has thru-wall air conditioning, charming...
The Real Deal has an article on the decreasing amount of new coop development permits filed since the year 2000. It also discusses that the majority of new coops being developed are condops. Condops are co-op residential buildings being built with commercial condo properties at the base of the apartment building so the building finances will benefit from the for profit business that occupies the...
Real Estate & Social Entrepreneur @Stribling & Associates, LTD., Radio Producer for Stribling's New York (A weekly radio show on 710 WOR AM, I Heart Radio, every Sunday night from 11 PM-to midnight & podcasts all week.) See link in my you tube channel to listen!
& Govt. Relations Consultant. Loves New York City & making a positive social impact.
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