Price: $589,000
Maintenance: $1,036.17
Financing: 80%
Tax Deduction: 51%
Ross Ellis
Halstead Property, LLC
tel: 212.317.7828
e-mail Ross
View Listing Here
Saturday, July 23, 2011
NEW TO MARKET Spacious One Bedroom COOP Near Time Warner Center NYC
Spacious, sunny and bright one bedroom/one bath home faces a lovely wide tree-lined street with southern exposure. Completely renovated grey marble bathroom with glass enclosed doors, pedestal sink and Toto toilet. Beautiful wood floors, large living room with fabulous custom maple wood built-ins, and a lovely dining area, four large closets and very large master bedroom — large enough to add your home office. This spectacular residential 24-hour doorman building conceals a private magnificently landscaped 2.5 acre private garden, has a parking garage, dry cleaner and tailor on premises, is pet friendly, and offers bicycle storage and large storage lockers. Laundry on premises. Steps to Lincoln Center, Time Warner Center which houses Whole Foods among some excellent restaurants, The Rose Jazz Theatre, Central Park, and upscale shops at Columbus Circle. Primary transportation hub for buses and subways @ Columbus Circle. Pied A Terres welcome.
Price: $589,000
Maintenance: $1,036.17
Financing: 80%
Tax Deduction: 51%
Ross Ellis
Halstead Property, LLC
tel: 212.317.7828
e-mail Ross
View Listing Here
Price: $589,000
Maintenance: $1,036.17
Financing: 80%
Tax Deduction: 51%
Ross Ellis
Halstead Property, LLC
tel: 212.317.7828
e-mail Ross
View Listing Here
Sunday, July 3, 2011
It's Here! New York Restaurant Week Summer 2011: July 11th - 24th
If you live in Manhattan you already know about NY Restaurant Week. If you're new to Manhattan or thinking about relocating to this great city, New York Restaurant Week is definitely something you want to know about!
Every year, twice a year, New Yorkers and those visiting Manhattan get the opportunity to dine in some of the "best of the best" restaurants for a three course prix-fixe lunch at the amazing price of $24.07. Some restaurants even offer a three course prix-fixe dinner for $35.00.
This summer's Restaurant Week takes place between July 11th -24th.
Dine at the best New York City restaurants with the best chefs! Whether it's at 21 Club, Abboccato Ristorante, Ai Fiori, AJ Maxwells Steakhouse, Aquavit, Arabelle, Artisanal Fromagerie, Bistro and Wine Bar, Asia de Cuba, Atlantic Grill, Aureole, B. Smiths Restaurant, Bar Boulud, Barbetta Restaurant, Barbuto, Ben Bensons Steak House, Benoit Restaurant, Bice Ristorante, BLT Bar & Grill, Blue Fin, Blue Smoke, Blue Water Grill, Bocca Restaurant, Bond 45, Brasserie, Brasserie 8 ½, Ca Va Brasserie by Todd English, Café Boulud, Capsouto Frères, Carlyle Restaurant, Chez Josephine, Chin Chin Restaurant, Cipriani Dolci, Cipriani Wall Street, Circus Restaurant, Club A Steakhouse, Colicchio & Sons Tap Room, Craftbar, David Burke Townhouse, Esca, Fishtail by David Burke, Fives at Peninsula New York, Forty Four, Gotham Bar and Grill, Indochine, Industria Argentina. Isabellas Joe Allen, JoJo, Le Cirque, Le Perigord, LEcole, Restaurant of French Culinary Institute, Loeb Central Park Boathouse Restaurant, Lupa Osteria Romana, Mesa Grill, Michaels Restaurant, Modern-Bar Room, Morimoto, Mr. Chow New York-57th Street, Mr. Chow New York-Tribeca, Nice Matin, Nobu New York City, Nougatine at Jean Georges, Ocean Grill, One if by Land, Two if by Sea, Orso, Osteria del Circo, Palm Court at Plaza, Palm Restaurant, Patroon Restaurant , Perry St., Persephone, Plaza Food Hall by Todd English, Post House, Primehouse New York, Quality Meats, Red Rooster Harlem, Redeye, Remi Restaurant, River Café, Riverpark-A Tom Colicchio Restaurant , Russian Tea Room, Sant Ambroeus-West Village, Spice Market New York, Stadium Grill by David Burke, TAO Asian Bistro, Terrace in the Sky, Tribeca Grill, Union Square Café, Victors Café, Water Club, or any of the other restaurants offered, you can't go wrong. You'll not only save a lot but have a gastronomic feast.
New York City Restaurant Week Summer 2011 to view restaurants and make reservations visit nycgo.com/restaurant week
If you're thinking of moving to Manhattan, it's not only a great way to try out our incredible restaurants, but it will help you relax over a sumptuous meal after browing apartments all day to decide where you want to live.
NYC Restaurant Week Tips:
Research - Get recommendations from friends and search the Internet for ratings. Most of the participating restaurants are the best that New York has to offer.
Reservations should be made in advance. DO Reserve Early - Normally, getting a reservation at these restaurants is difficult. Plan ahead. Reservations early in the week are usually easier than Thursdays or Fridays. Call to see if there were any cancellations as well.
Dress Code - When dining in New York's best restaurants, dress your best.
Tip Higher - Tipping more than 20% will get you first-class service that New Yorkers expect from these top restaurants.
Friday, July 1, 2011
Manhattan Residential Sales Prices Up 4 Percent
After a slight drop in prices at the beginning of the year, the Manhattan real estate market has stabilized in the past three months, with prices rising slightly and sales volume increasing with an expected spring surge in home buying.
Market reports that the city’s largest brokerage firms released today showed that the increase in the average sale price was largely attributed to more robust sales of larger and more expensive apartments, while studio and one-bedroom sales lagged slightly.
The 2nd Quarter 2011 market reports were release today by all of the major residential firms in Manhattan showing the average Manhattan apartment sale price of $1,430,432 was up 5 percent from last quarter and up 4 percent from the same period in 2010.
According to the report, sales over $5 million, particularly coop sales over $10 million were responsible for driving the average price higher. The median price, which measures the middle of the market and is not as impacted by high-end sales, fell 1 percent over the past year to $835,000. At 2,115, the number of reported sales was down 7 percent from a year ago.
The average price for coops sold during the second quarter of 2011 was up 14 percent from a year ago, to $1,214,047; this was due to increased sales in 3-bedroom and larger apartments. On the East Side, average price for all sizes apartments except two-bedrooms rose, led by three-bedroom and larger apartments which were up 15 percent over last year. Prices for all sizes of apartments, except those 3-bedrooms and larger, were down slightly on the West Side. In both the Midtown East & West markets condo prices were steady and co-op prices rose for prewar and dropped for postwar. Downtown prices rose for all size categories except one-bedrooms. The average condominium price was $1,670,908, down just 1 percent from a year ago.
Data from sister firms Halstead Property and Brown Harris Stevens show mixed but healthy indicators. In a still strict lending environment, it comes as little surprise that the best performing sectors of the market -- the top end of the market where buyers are wealthiest, and the bottom end of the new development market where units qualify for Federal Housing Authority-approved loans -- were those where financing came easiest.
According to a Bloomberg news report, lenders are easing credit requirements on jumbo loan limits and narrowing the gap on rates compared with government-backed loans.
Manhattan’s residential market is definitely looking up.
See Halstead Property’s 2nd Quarter 2011 Market Report
For more information or a consultation feel free to email me at Halstead Property
Ross Ellis is a proud member of the Real Estate Board of New York
Market reports that the city’s largest brokerage firms released today showed that the increase in the average sale price was largely attributed to more robust sales of larger and more expensive apartments, while studio and one-bedroom sales lagged slightly.
The 2nd Quarter 2011 market reports were release today by all of the major residential firms in Manhattan showing the average Manhattan apartment sale price of $1,430,432 was up 5 percent from last quarter and up 4 percent from the same period in 2010.
According to the report, sales over $5 million, particularly coop sales over $10 million were responsible for driving the average price higher. The median price, which measures the middle of the market and is not as impacted by high-end sales, fell 1 percent over the past year to $835,000. At 2,115, the number of reported sales was down 7 percent from a year ago.
The average price for coops sold during the second quarter of 2011 was up 14 percent from a year ago, to $1,214,047; this was due to increased sales in 3-bedroom and larger apartments. On the East Side, average price for all sizes apartments except two-bedrooms rose, led by three-bedroom and larger apartments which were up 15 percent over last year. Prices for all sizes of apartments, except those 3-bedrooms and larger, were down slightly on the West Side. In both the Midtown East & West markets condo prices were steady and co-op prices rose for prewar and dropped for postwar. Downtown prices rose for all size categories except one-bedrooms. The average condominium price was $1,670,908, down just 1 percent from a year ago.
Data from sister firms Halstead Property and Brown Harris Stevens show mixed but healthy indicators. In a still strict lending environment, it comes as little surprise that the best performing sectors of the market -- the top end of the market where buyers are wealthiest, and the bottom end of the new development market where units qualify for Federal Housing Authority-approved loans -- were those where financing came easiest.
According to a Bloomberg news report, lenders are easing credit requirements on jumbo loan limits and narrowing the gap on rates compared with government-backed loans.
Manhattan’s residential market is definitely looking up.
See Halstead Property’s 2nd Quarter 2011 Market Report
For more information or a consultation feel free to email me at Halstead Property
Ross Ellis is a proud member of the Real Estate Board of New York
Renting an Apartment in Manhattan
Renting an apartment in Manhattan isn’t like it used to be.
In the old days, you would see a few apartments, give the landlord one month rent and one month security, signed the lease and moved in.
Not today!
Should you rent in a rental building, a coop or condo?
Today’s renting rules in Manhattan can be daunting, but don’t have to be if you work with a good broker, you’re qualified and organized.
To make finding that perfect rental hassle-free it’s best to work with a broker.
Why? You can find hundreds of rentals online, but most of them are already rented, and on some of these sites the information is not accurate.
While it’s not necessary to work with a broker, it is better for you –especially if you’re busy and new to Manhattan. And in today's rental market you need to decide on an apartment fast. Apartments are being rented quickly these days.
By working with a broker you’ll learn which apartments are for rent and which have already been rented. Your broker can also weed out the type of apartments you don’t want because they’ve likely seen all or most of the rental buildings in the city. They will ensure that the lease is correct and that you have all of the necessary paper work – making your move as seamless as possible.
Whether you find an apartment on your own or work with a broker, make sure you read all documents before entering into any contract. Most leases contain predominantly boilerplate language, but in many cases there are riders to the lease which contain clauses that are added to the lease that changes the lease agreement
And type of leases will vary. A Standard Form of Lease may differ greatly from a Rent Stabilized Lease Agreement or a Cooperative or Condominium Sublease Agreement. Read the language of all documents and always ask questions should it contain something you don't understand.
Make a check list of information to bring with you in order to finalize your lease agreement. In Manhattan you will almost always need all of the following:
1. A letter of employment and salary verification
2. Bank account numbers (checking and savings), as well as any credit card numbers
3. Current bank statements
4. Contact information (names, addresses, phone numbers) of previous landlords
5. Contact information of your personal accountant or attorney, if applicable
6. Contact information of any personal or professional references
7. Tax returns from the last two years
8. Recent (current) pay stubs, usually from the last two pay periods
9. Two forms of personal identification (driver’s license, passport, etc)
10.40-45x the rent in annual income is required. And in some building 80X the rent in annual income is required.
11.If the landlord accepts guarantors and you have a guarantor, your guarantor will likely need to supply the same information as above.
If you are relocating from outside of New York, prepare your funds ahead of time. Landlords will not accept personal out-of-state checks. Bring traveler’s checks or certified bank checks in amounts sufficient to cover two months rent, any brokerage fees, a credit check fee, and any additional fees such as a move-in/move-out fee or building application fee.
Once you have all of your personal and financial documentation in order, you can begin viewing apartments. Do remember that your broker can provide you with a wealth of information to assist you in making an informed decision. Ask a lot of questions about neighborhoods, building types, public transportation access, or anything else that might be of interest to you.
Once you have found an apartment you love, you will then fill out a rental application, or other applicable documents. You or your agent will negotiate agreeable lease terms and then a credit report and reference check will be done.
The last step is to sign the lease and pay all applicable fees. Then it’s move-in day!!!
For more information or a consultation feel free to email me at Halstead Property
SUBSCRIBE to receive email alerts about NYC Real Estate
Ross Ellis is a proud member of the Real Estate Board of New York
In the old days, you would see a few apartments, give the landlord one month rent and one month security, signed the lease and moved in.
Not today!
Should you rent in a rental building, a coop or condo?
Today’s renting rules in Manhattan can be daunting, but don’t have to be if you work with a good broker, you’re qualified and organized.
To make finding that perfect rental hassle-free it’s best to work with a broker.
Why? You can find hundreds of rentals online, but most of them are already rented, and on some of these sites the information is not accurate.
While it’s not necessary to work with a broker, it is better for you –especially if you’re busy and new to Manhattan. And in today's rental market you need to decide on an apartment fast. Apartments are being rented quickly these days.
By working with a broker you’ll learn which apartments are for rent and which have already been rented. Your broker can also weed out the type of apartments you don’t want because they’ve likely seen all or most of the rental buildings in the city. They will ensure that the lease is correct and that you have all of the necessary paper work – making your move as seamless as possible.
Whether you find an apartment on your own or work with a broker, make sure you read all documents before entering into any contract. Most leases contain predominantly boilerplate language, but in many cases there are riders to the lease which contain clauses that are added to the lease that changes the lease agreement
And type of leases will vary. A Standard Form of Lease may differ greatly from a Rent Stabilized Lease Agreement or a Cooperative or Condominium Sublease Agreement. Read the language of all documents and always ask questions should it contain something you don't understand.
Make a check list of information to bring with you in order to finalize your lease agreement. In Manhattan you will almost always need all of the following:
1. A letter of employment and salary verification
2. Bank account numbers (checking and savings), as well as any credit card numbers
3. Current bank statements
4. Contact information (names, addresses, phone numbers) of previous landlords
5. Contact information of your personal accountant or attorney, if applicable
6. Contact information of any personal or professional references
7. Tax returns from the last two years
8. Recent (current) pay stubs, usually from the last two pay periods
9. Two forms of personal identification (driver’s license, passport, etc)
10.40-45x the rent in annual income is required. And in some building 80X the rent in annual income is required.
11.If the landlord accepts guarantors and you have a guarantor, your guarantor will likely need to supply the same information as above.
If you are relocating from outside of New York, prepare your funds ahead of time. Landlords will not accept personal out-of-state checks. Bring traveler’s checks or certified bank checks in amounts sufficient to cover two months rent, any brokerage fees, a credit check fee, and any additional fees such as a move-in/move-out fee or building application fee.
Once you have all of your personal and financial documentation in order, you can begin viewing apartments. Do remember that your broker can provide you with a wealth of information to assist you in making an informed decision. Ask a lot of questions about neighborhoods, building types, public transportation access, or anything else that might be of interest to you.
Once you have found an apartment you love, you will then fill out a rental application, or other applicable documents. You or your agent will negotiate agreeable lease terms and then a credit report and reference check will be done.
The last step is to sign the lease and pay all applicable fees. Then it’s move-in day!!!
For more information or a consultation feel free to email me at Halstead Property
SUBSCRIBE to receive email alerts about NYC Real Estate
Ross Ellis is a proud member of the Real Estate Board of New York
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