Exploring the Classic Co-ops of Brooklyn With Less Than $800,000 to Spend. Which Home Did They Choose?
Exploring the Classic Co-ops of Brooklyn With Less Than $800,000 to Spend. Which Home Did They Choose?
Alarmed by horror stories of construction defects in new buildings, and limited to a 10 percent down payment, a young couple tried to find a two-bedroom in decent condition. Here’s what they saw.
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Alarmed by horror stories of construction defects in new buildings, and limited to a 10 percent down payment, a young couple tried to find a two-bedroom in decent condition. Here’s what they saw.
Alarmed by horror stories of construction defects in new buildings, and limited to a 10 percent down payment, a young couple tried to find a two-bedroom in decent condition. Here’s what they saw.
As physical problems have arisen in co-ops, the co-op Boards have stubbornly refused to adjust to the times. Without making concessions to these changing tastes and demographics, the market value of co-ops will continue to suffer.
As physical problems have arisen in co-ops, the co-op Boards have stubbornly refused to adjust to the times. Without making concessions to these changing tastes and demographics, the market value of co-ops will continue to suffer.
Finding success in the NYC real estate business requires being creative with where and how to add value. One market that requires this skill is the bulk purchase of unsold units in condominiums and co-ops. In essence, it’s about buying wholesale and selling retail, but it gets much more complicated from there... Today we sit down with Myles J. Horn, who has spent the last 35 years specializing in this part of the business. Myles has likely purchased more blocks of unsold condominiums a...
Finding success in the NYC real estate business requires being creative with where and how to add value. One market that requires this skill is the bulk purchase of unsold units in condominiums and co-ops. In essence, it’s about buying wholesale and selling retail, but it gets much more complicated from there... Today we sit down with Myles J. Horn, who has spent the last 35 years specializing in this part of the business. Myles has likely purchased more blocks of unsold condominiums a...
Two of New York City’s biggest sales so far this year closed in July, including a pair of co-ops sold together for $101 million by the estate of Paul G. Allen, the co-founder of Microsoft who died nearly four years ago. The sale, to an anonymous buyer, consists of a penthouse and a full-floor unit just below it on the 11th floor at 4 East 66th Street, the exclusive limestone apartment house designed in the early 1920s by James E. R. Carpenter on the corner of Fifth Avenue. Mr. Allen, a real es...
Two of New York City’s biggest sales so far this year closed in July, including a pair of co-ops sold together for $101 million by the estate of Paul G. Allen, the co-founder of Microsoft who died nearly four years ago. The sale, to an anonymous buyer, consists of a penthouse and a full-floor unit just below it on the 11th floor at 4 East 66th Street, the exclusive limestone apartment house designed in the early 1920s by James E. R. Carpenter on the corner of Fifth Avenue. Mr. Allen, a real es...
Appraisers: How to spend less time on Email Excerpts: Many appraisers report that they’d like to spend less time on email. The task of providing status emails eats up time in the workday and tends to be more complex and time-consuming than typing a quick email reply. Status requests from AMCs typically require you to log in to their system and go through the process of updating the order status on their website. Simple enough, but if you are doing this several times a day for multiple orders, ...
Appraisers: How to spend less time on Email Excerpts: Many appraisers report that they’d like to spend less time on email. The task of providing status emails eats up time in the workday and tends to be more complex and time-consuming than typing a quick email reply. Status requests from AMCs typically require you to log in to their system and go through the process of updating the order status on their website. Simple enough, but if you are doing this several times a day for multiple orders, ...
On May 20, 2022 a new law went into effect in New York State which allows owners of co-ops to apply for reverse mortgages. Up until the time this statute went into effect, seniors who wanted to obtain a reverse mortgage on their co-op apartments, were unable to do so. The reason for this is that co-ops are not real property under the law in New York State. The owners of a co-op have a personal property interest in the shares of the cooperative apartment corporation. Co-Op Mortgages and How They ...
On May 20, 2022 a new law went into effect in New York State which allows owners of co-ops to apply for reverse mortgages. Up until the time this statute went into effect, seniors who wanted to obtain a reverse mortgage on their co-op apartments, were unable to do so. The reason for this is that co-ops are not real property under the law in New York State. The owners of a co-op have a personal property interest in the shares of the cooperative apartment corporation. Co-Op Mortgages and How They ...
Key Information: Agency: Fannie Mae and Freddie Mac like to lend on larger properties stabilized properties within certain markets. Getting agency debt on smaller properties can be more difficult. Community Banks: Local lenders have a higher risk tolerance and are often willing to lend on smaller assets within their target markets. Team Members: Property management Asset management ?...
Key Information: Agency: Fannie Mae and Freddie Mac like to lend on larger properties stabilized properties within certain markets. Getting agency debt on smaller properties can be more difficult. Community Banks: Local lenders have a higher risk tolerance and are often willing to lend on smaller assets within their target markets. Team Members: Property management Asset management ?...
Procore recently partnered with consultant FMI to survey 979 construction stakeholders including owners, contractors and specialty contractors. Participants were asked to describe the preconstruction practices in their organizations, tools and technologies, project experiences and outcomes. Only 38% were satisfied with the preconstruction technology solutions in the market considering the complexity of projects and accelerated delivery schedules. Specialty contractors were the mos...
Procore recently partnered with consultant FMI to survey 979 construction stakeholders including owners, contractors and specialty contractors. Participants were asked to describe the preconstruction practices in their organizations, tools and technologies, project experiences and outcomes. Only 38% were satisfied with the preconstruction technology solutions in the market considering the complexity of projects and accelerated delivery schedules. Specialty contractors were the mos...
Homeowners with mental health problems are more likely to have cut back on food and energy to keep on top of their mortgage payments, a charityestablished by the consumer finance champion Martin Lewis has warned.The Money and Mental Health Policy Institute said its research indicated that as many as 1.3 million people in the UK with mental health problems were spending less on essentials – which also included medicine – in order to afford their mortgage costs, which have in many cases increa...
Homeowners with mental health problems are more likely to have cut back on food and energy to keep on top of their mortgage payments, a charityestablished by the consumer finance champion Martin Lewis has warned.The Money and Mental Health Policy Institute said its research indicated that as many as 1.3 million people in the UK with mental health problems were spending less on essentials – which also included medicine – in order to afford their mortgage costs, which have in many cases increa...
For as long as I’ve been in the design and construction industry - and certainly a lot longer - people have been looking for shortcuts to business development. Depending upon whether you serve public or private clients, as well as the market sectors within those spaces, the business development cycle can take years from your initial outreach to a prospect until a deal is closed. Or from when you first learn about a project until it is actually funded and design or construction pro...
For as long as I’ve been in the design and construction industry - and certainly a lot longer - people have been looking for shortcuts to business development. Depending upon whether you serve public or private clients, as well as the market sectors within those spaces, the business development cycle can take years from your initial outreach to a prospect until a deal is closed. Or from when you first learn about a project until it is actually funded and design or construction pro...