New York residential property projects

We are seeing a wave of new residential property projects in Manhattan, New York with expected completion date between Spring 2015 and Spring 2016.

Buyers would typically put down 20 percent to book a unit and come up with the rest at time of closing.   If there is financing involved, the mortgage loan comes in at closing and the mortgage payments only start after closing date.

Quoted by CNN Money about escalation clauses in a property bidding war.

How to win a bidding war on a home

By Les Christie  @CNNMoney June 13, 2014: 7:50 AM ET

View article on CNN.com, "How To Win a Bidding War."

NEW YORK (CNNMoney)

In many hot housing markets, bidding wars have been breaking out on a regular basis -- and some house hunters are getting beaten out time and again.

Manhattan Property Price Decline During Recession of 2009

One common questions asked by our investor clients about Manhattan property is the price decline during the past recession. 

New York population growth outpaces property supply

To the question of why Manhattan property prices and rents keep increasing, I always mention it's because of two simply concepts (i) demand (ii) inflation.  On demand, population growth has always been strong in a megacity like New York.

Flatiron is Hot!

The residential real estate market in Flatiron is as hot as the tech companies setting up shop there.  

In terms of residential property, Flatiron is a high demand, high price, high rent area.  With low vacancy rates and an abundance of restaurants and entertainment, this one of the neighborhoods I feel definitely has strong returns from an investment perspective.  

New York property - downturn or more boom?

A look at the stop signs and green lights that industry players are watching

May 01, 2014

By Janna Herron (The Real Deal)

It isn’t just all those new residential towers that are reaching for the sky. The average sales price for a Manhattan apartment soared almost 31 percent higher in the first quarter, compared with the first three months of 2013.

While that’s good news for anyone who recently sold a residential property, those looking to sell in the near future may be feeling antsy over whether the good times can keep on rolling.

Marcel Dionne

We went to a restaurant in Niagara Falls owned by super nice guy and hockey hall of famer Marcel Dionne.  Without knowing who he was or anything about hockey.  Until he told us.