Friday, December 23, 2011

Green Habits for New York living

Green Habits for New York living.  These are easy to implement green habits that I do.  It's healthy, saves money and helps our earth.

Thursday, December 22, 2011

Greenwich Village

Greenwich Village is the area surrounded by 14th Street, Houston Street, 7th Avenue and 4th Avenue/Mercer St.

Today, we know it as the home of New York University, Cooper Union and The New School.  Historically, it's the Bohemian capital and birthplace of the Beat movement.  Mark Twain and Edgar Allen Poe lived in Greenwich Village.  Today, one could imagine being a writer while sipping cappuccino at Caffe Reggio.  In fact, I brought a client there to do exactly that (sip cappuccino) a couple months ago.

Tuesday, December 20, 2011

Sandy Weill's $88 million apartment @ 15 Central Park West

Sandy Weill's $88 million apartment at 15 Central Park West.

This is what the floorplan looks like.  Mr Weill bought the apt for $44 million in 2007.  Curbed reports that the buyer is fertilizer magnate Dmitry Rybolovlev who is paying the full asking price of $88 million.

Thursday, December 15, 2011

Financial District

Financials District, the area of Manhattan south of City Hall excluding Battery park.  My first deal as a real estate agent was in Financial District, at 88 Greenwich St.  An apartment which transacted at what would be considered such a "great deal" now.  Over time, historical transactions always become a great deal as real estate is a time game. 

Wednesday, December 14, 2011

Surging demand for luxury New York condominiums

 StreetEasy: 250 West St. #11H - Condo Apartment Sale in Tribeca, Manhattan

Strong demand for luxury New York condominiums.  Buyers snapping up pre-construction property as inventory decreases.

250 West Street

2011 is the comeback year for New York luxury property according to the New York Post.

What buyers want in New York real estate

What buyers "want" vs "need" in New York real estate. 

As published by Business Insider, these are the top three things that New York real estate buyers "want" :
1. A light filled apartment (98% of buyers want this)
2. Ample closets 87%
3. Outdoor space 61%

Tuesday, December 13, 2011

West Village, an oasis of personality

West Village in Manhattan, New York is a charming village full of personality and character.  Maybe that's why many celebrities call West Village home.  It feels like a village, has neighborhood charm and parts of West Village may even make you think you're in an European town.  The photo of the bakery below is example of the village feel of West Village.

Saturday, December 10, 2011

Better returns than Manhattan property looked at the appreciation of several French wines over the past 25 years and Chateau Lafite Rothschild had the appreciation rates shown below.
First Growth Bordeaux

One of the few investments (provided you don't drink it) that exceeds the return on Manhattan property.  Now, I am referring to something that provides consistent return, not the volatile hedge fund / bubble property stuff.


紐約地產 - 常見問答集

What's so special about the 30 year fixed rate mortgage

The 30 year fixed mortgage rate was at 3.99% in November, representing a historical low since record keeping began in 1971.  In New York, the low rate has driven up sales transactions but in the US overall, housing is still slow because of concerns over unemployment.

Historical trend of 30 year mortgage since 1971