
First-time Homebuyers in NYC
October 30, 2019Prices to purchase real estate in New York City have been falling and interest rates remain low, according to Bankrate interest rates today range from 3.8%-4.13% based on the size of the loan. These low rates make it an ideal time to buy, especially for first-time homebuyers. The effect of interest rates on your purchasing power is significant. Every $100,000 at 3.92% interest costs $473;...
Read More
Should We Be Buying or Renting in Manhattan?
February 25, 2016Average rental prices climbed for the 23rd consecutive month to $4,073. Average Condo prices in NYC are now around $2,662,100; while average prices reach $1.15 million. Buying is a better option for higher income earners, while rentals are a...
Read More
The State of the Apartment Market
February 23, 2016Luxury median sales prices surged by 25% to over $6MM from Q4 2014. New Development closing sales prices rose by 15.37% to $2,059,411 Closing time to close deals has fallen by 21.9% to 82 days, from 105 days in Q4 2014 The fourth quarter Manhattan market ended seeing fantastic price movement. Median sales prices rose 17.3%,...
Read More
Finance So... What is NYC Real Estate Worth? And Where are we Headed?
February 19, 2016The New York City Department of Finance has priced the “Full Market Value” of NYC to be $1,071,973,871,651 (Trillion)! Tax Revenues to grow to over $211 Billion due to new inventory by FY2017. Brooklyn sees the greatest growth; however, Manhattan dominates in terms of total dollar value invested. Commercial property...
Read More
The Fed Rate is on the Rise. Is Your Mortgage?
December 18, 2015First, it’s important to know that the Fed Target Rate is less directly connected to mortgage rates. It also seems like this hike had been anticipated and mortgage rates have had time to prepare. In fact, as the Fed announced the target rate went up, mortgage rates actually moved slightly lower. This is good news, and most lenders still quote...
Read MoreAM New York Adam Mahfouda Affordable Housing Agents Agents at Oxford Awards Best time to rent Brooklyn Buy Buying Cleaning Clell Tickle Co-ops & Condos Commercial Commerical Contractors Development Essy Awards Expansion FED rates First-time Forbes Forbes Real Estate Council Industrial Real Estate Interest Rates Investing Investments L train Leasing Long Island City MTA Manhattan Mansion Tax Marcus Magarian Market Market Prices Market Trends Marketing Media Merger Mortgage rates Moving NYC NYCstore New York OPGNY Oxford Property Group Photos Price Increase Price Per Square Foot Real Estate Real Estate Agents Real estate Real estate agent Rent Rent Laws Rent Stabilization Rentals Renting Sales Security deposit free Sell Selling Silos Subway Tax Abatements Teams Technology Trainings Trends Volunteering adammahfouda biggerstore classAoffice clelltickle commercial real estate commuting condo development expandtonyc fashionstore furniturestore interest rates leases lending locationlocationlocation luxury real estate luxuryretail luxuryretailspace manhattanretail mortgage rates new york apartment newyorkretail nolitaretail placeofwork priceinflation primelocation real estate development realestate realestatetaxes rent or buy calculator renters advice residential retail sohoretail store taxes trophy property