What do you want? An unlikely real estate lesson from a Fantasy Football Sports Journalist.

X521Once you run your criteria the market shrinks immensely.
Falling in love with something out of your budget is potentially damning.
Not everybody is motivated purely by financial gain.

 

“I know the price. That’s not what I’m asking. What does he want?

It was a few years ago and, newly engaged, my soon-to-be wife and I were looking for a new home. Having bought (and then sold) two different houses in Los Angeles, I knew one thing for certain: It takes forever. Days upon days of driving around neighborhoods; silently judging potential neighbors; going through strangers’ homes and saying things like, “Well, we’d have to gut the bathroom” or “Come on honey, that big giant moose head is cool”; having potential neighbors silently judging you back … it’s a seemingly endless process that qualifies somewhere between “brutal” and “soul-crushing.”

I was prepared for the worst.

Our realtor, however, quickly shrugged off our concerns. It’ll take an hour. An hour? Yes, he said, an hour. As he pointed out, we had pretty specific parameters: we had my three soon-to-be stepsons to think about, so we needed a house that not only had room for them, but was near their father and didn’t require them to change school systems.

“How many homes do you think are in this city? There’s fewer than 19,000 houses in town, no one is selling because of the economy … there are exactly five, count ‘em, five houses that meet your criteria and price range,” he’d told us.

Could it be that easy? I am the questioning sort, always have been, so I did what I always do (and somehow have managed to make a living doing): I went to my computer and started researching.

He was right. There were five.

But then there was this sixth house that met all of our criteria but had no price listed. And even better, it had been on the market for two years. Maybe they were lowering the price? I asked my realtor about it and he said, yeah … that house is way out of your price range. With three kids, a wife and potentially more kids on the way, price range was very important to us. We have a lot of college to pay for. But I said, “Let’s look at it anyway. You never know.”
…..

When buying a house, the most common question is “What’s the price?” And, if it’s been on the market for a while, it’s “what’s wrong with it?” Those weren’t the questions I asked, because those weren’t the right questions.

Thanks JJP for sending me the article.
Click below for a link to the complete article.

aptcetera phone number

 

 

Yorkville Studio, UES, $1895

Do Not Miss This — Excellent Price and Opportunity!!! Located on one of the most beautiful blocks on the Upper East Side, this exquisite studio is spacious and charming with exposed brick, high ceilings, large windows, a marble bath, hardwood floors throughout and good closet space. Overlooking trees in the courtyard, the apartment is very quiet and receives a lot of light. The brownstone’s exterior is attractive, and the building is immaculately maintained. There are lovely boutiques and restaurants along the block. Call today for a viewing of this incredible apartment!!

Peter-Charles
petercharles@kwnyc.com
347 873 0616

Chelsea Apts for sale FROM 64k!!! NYC and its secrets. PENN SOUTH Lottery.

Penn South is the common name for the Mutual Redevelopment Houses, a limited-equity housing cooperative development located between Eighth and Ninth Avenues and West 23rd and 29th Streets, in the Chelsea neighborhood of Manhattan, New York City

Studios start at $64,000 at Penn South — which spans from West 23rd Street to West 29th Street, from Eighth Avenue to Ninth Avenue — while one-bedrooms go for $85,100 to $97,300 and two-bedrooms cost $109,500 to $133,800.

Studios are open to people making up to $82,100, one-bedrooms are open to people making up to $109,500 and two-bedrooms are open to people making up to $150,500. Those who make 50 percent above the income limit are eligible to apply as well, but they will have to pay an additional monthly carrying fee.

After buying the below-market-rate apartment, residents of the co-op only have to pay monthly carrying charges, which range from $459 to $1,010 per month depending on apartment size. You can’t make a profit from selling the apartment, but you get back the money you originally paid to buy it.

MORE INFO HERE!

https://www.pennsouth.coop

Thanks MJ!

How to Keep your Rent-Stabilized Apartment

Far too many people seem to think that a landlord can just kick you out of your rent stabilized apartment because they want more money.  When you are rent controlled (unlikely) or rent stabilized (possible), you have a legal right to a rent that is either frozen (rent control) or subject to a city wide fixed increase determined every year.

The NYC Rent Guidelines Board (RGB) is mandated to establish rent adjustments for the approximately one million dwelling units subject to the Rent Stabilization Law in New York City. The Board holds an annual series of public meetings and hearings to consider research from staff, and testimony from owners, tenants, advocacy groups and industry experts.

But for those of you who may have a greedy landlord, or have a relative who is uninformed, scared, or simply prone to impulsive decision making, please read this article.

http://dnainfo.com/new-york/20140722/chelsea/how-keep-your-rent-stabilized-apartment

Boutique Luxury in SoHo 1450sf for 3.2M Kanye Approved.

So Kanye decided to sell his unit in the building sometime last year, and is now looking to purchase something with his lady lumps and directional offspring in the nabe.

Padma Lakshmi still lives there, so you could totally be in an elevator post Jamba Juice.

Soho 25 is a full service condominium, with a beautiful roof deck offering spectacular views, located in the heart of Soho, across the street from the famed Angelika theater, and is just steps from great restaurants, shops, and transportation. 10’7″ ceilings and 6’ windows combine to create a spacious home with ample light. The beautiful open kitchen is outfitted with top-of-the-line appliances by Subzero, Miele, and Viking.

The unit for sale is a 1446sf 2 bed 2 bath, 3.2M.

Peter-Charles
347-873-0616

Forte Condo 2 bed 1200sf, $4300 Fort Greene’s answer to the Flatiron Building. 8/1 avail

Top of the World. The C line offers dazzling and panoramic views through oversized windows as you look East, South and West. This 1200 sq. ft. two bed, two bath is sun blasted and light drenched. The building offers only four units per floor which provides intimacy and privacy. Upon entering the Forte you are greeted by the Concierge.

The building offers a complete gym, a manicured and expansive roof deck plus a live-in supt. Once in the apartment, white oak floors are at your feet, a gourmet kitchen with stainless steel appliances beckon you; all this wrapped around granite countertops. W/D, en suite master bathroom with slate floors and a Zuma soaking tub ease your experience.

BAMs theatrical outlets surround you, eleven (11) train lines make your commute a joy, Barclay Center is a fun walk to basketball, hockey and world class entertainment. Close by is Ft. Greene Park which offers a relaxing walk or run, you can also indulge at its farmers market…

Apartment Features: Floors – hardwood, Washer/dryer, Dishwasher Building Features: Courtyard, Roof deck, Exercise room, High speed internet, Package room, Health club, Water, Gas

Peter-Charles
347 873 0616

Prime Chelsea 2 bed 2 bath, corner exposure, high beamed ceilings $6795.

Gorgeous, enormous, sun-drenched corner 2 bedroom/2 bath apartment for rent in the heart of Chelsea.


Gracious, high-beamed ceilings, open loft-style living/dining area perfect for easy living and frequent entertaining! Spacious open kitchen, fully appointed and good counter space. You will love the large corner master bedroom with oversized double –hung windows. Intimate views of activities on the lovely tree lined block of 16th Street and the hustle & bustle of 7th avenue. The second bedroom is also very spacious – great for home office, visiting friends and family or a roommate. Two full-sized bathrooms and lots of closets and storage space.

Rarely available apartment and will rent fast! Live in the middle of a wonderful downtown neighborhood – close to great shopping, restaurants, gyms, Union Square Park and Market, the Highline and all transportation.

Monthly Rent: $6,795
Security : 1 Month
Availability: Immediate
Lease Term: 12 -24 months
Pets: Welcomed

 

 

Peter-Charles
347 873 0616
Petercharles@kwnyc.com