Category: Coops

In an Uncertain World, New York City Real Estate Remains a Sure Thing

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.” New...

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The Resale market is booming!

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...

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Off the Market. Tudor City Classic, 325 EAST 41ST STREET, Midtown East

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...

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The Death of the Co-op? Hardly. But new Condo development abounds.

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...

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