The Second Avenue subway has finally become operational. With stations opening up on 72nd Street, 86th Street and 96th Street, the Second Avenue subway adds newfound convenience to residents on the Upper East Side. With added convenience comes added property valuations.
Timing your apartment purchase with the end of your lease doesn't always work out as you planned. The easiest way to overcome this challenge is to plan the purchase around when you find the right property at the right price. Sublet your current apartment to get out of the lease.
The young and wealthy are picking cities over the suburbs that their parents have embraced for so many decades. With this significant shift in the outlook towards large cities, populations are continuing to swell in urban neighborhoods, with municipalities attempting to keep up with infrastructure needs.
Guest post by Erica Keberle,Brooklyn-based Real Estate Agent with Rahmé Real Estate and the founder of Major Jacks. She gives Blooming Sky a behind the scenes look to real estate staging in New York City with her latest project at 651 New York Avenue is Prospect Lefferts Gardens, Brooklyn.
As coastal cities like NYC have had a significant increase in property valuations, this trend is starting to hit cities that are located inland. While this makes for great investment opportunities, it is also causing uncertainty for residents of these cities.
We live in an age where many of us have entrepreneurial aspirations. Learn how buying a home can fit into your vision for a future and provide you the financial stability you need to reach for your dreams.
Did you know that there is a way for people to flip condos in NYC without ever owning the property. Simply by putting a downpayment and creatively structuring a contract you may have the opportunity to benefit from a savvy investment.
Imagine buying a small triplex on the Upper East Side for $210,000 and reselling it 2 years later for $450,000. This couple we worked with did just that and they were able to significantly size up after the sale.
You might have thought that buying your first apartment was a challenge. Just wait until you try buying your second, while you still own the first one. See what the challenges are and learn how to effectively navigate them.
A big fear was recently averted when the Fed decided to postpone what seemed to be an imminent interest rate hike. We explore what record low interest rates might mean for you as you seek out purchasing an apartment in NYC.
As the economy continues to improve across the United States, big cities are facing massive housing shortages. With more people moving to cities and staying in pursuit of careers and families, populations are outgrowing the supply of housing. This trend is having consequences on infrastructure and also making home prices run away from potential buyers.
Co-ops are the new condos. With demand from international investors reaching record highs for condos, many apartment buyers have been priced out of the condo market. The co-op market is benefiting from this shift and it is resulting in a resurgence in the demand for co-op apartments across NYC.
In order to get the most competitive rate on a mortgage, you have to make multiple lenders compete for your business. It's the only way that a mortgage broker will chop their rate and give you incentives to use them over the competition.
As the housing supply stays low across NYC, it is causing prices to continue trending upwards. Additionally, many developers are skipping affordable luxury and skipping straight to super luxury, which makes buy-in for some potentially challenging.
Most people hate the sound of construction. However, construction is a positive thing when it comes to buying into neighborhoods. It means that developers are investing time and money into respective neighborhoods, which will result in the continued appreciation of property values.
Window shopping for real estate is a great way to learn what is popular in higher price ranges than you may be able to afford. This is not a bad thing, as it gives you a way to measure good value as you come across properties in your price range that may have similar details as what you previewed when you were window shopping.
It is possible to find apartments that are undervalued and simply apply a little bit of elbow grease and some great staging to get a massive return on investment. We did it ourselves and have the before and after photos to prove it. Check out what a difference a few thousand dollars and some staging make.
We often advise would-be real estate investors to consider investing in their primary residence prior to getting a property destined for rent-roll. There are tax benefits that make investing in your primary residence worthwhile, even if you don't plan on living there longer than a few months.
15 Renwick is poised to be one the sleekest new developments to hit Lower Manhattan. The finishes combined with the creative and original marketing make for one of the most interesting properties to come on to the NYC condo market.