Billionaires are keeping the real estate world very busy across the country. Three of those expensive deals happened right here in Manhattan.
Coming in at number 6 on the list is a single-family townhouse sitting approximately 20,000 square feet on East 75th Street. Reportedly sold to private equity investor J. Christopher Flowers fro $53 million.
Coming in at No. 7 on the list is developer Harry Macklowe, who bought a Plaza Hotel condo for $51.5 million. The 13,000 square foot condo was bought by developer Harry Macklowe in 2007 for a cool $51.5 million.
Lastly coming in at No. 8, Russian oil man Len Blavatnik bought an upper East Side townhouse on East 64th Street in 2007 for a cool $50 million. The person who sold the townhouse to him apparently paid only $4.375 million for it in 1994
What kind of home would you buy if you could spend $50 million or more?
Showing posts with label Real Estate Brokers. Show all posts
Showing posts with label Real Estate Brokers. Show all posts
Wednesday, April 6, 2011
Tuesday, October 20, 2009
The Economy - The Heym Report
Learn the latest about the economy from Executive Vice President, Chief Economist Greg Heym of Halstead Property, LLC.
Saturday, December 20, 2008
3rd Quarter Market Report _Manhattan Sales
I am pleased to provide the Manhattan Sales 3rd Quarter Market Report.
While the luxury market played a large role in increasing the value of the real estate market. The sales from those apartments have continued to aide the market, even as the national business media focuses on the ailing national economy.
Manhattan condo sales have slowed and inventory has grown, leaving developers to negotiate but not slash prices.
While the luxury market played a large role in increasing the value of the real estate market. The sales from those apartments have continued to aide the market, even as the national business media focuses on the ailing national economy.
Manhattan condo sales have slowed and inventory has grown, leaving developers to negotiate but not slash prices.
Saturday, June 14, 2008
Working With Your Real Estate Agent
Finding the right home in Manhattan can take time and a lot of work. At times it can be overwhelming ...after all it's the most important decision you will make.
A licensed and professional Real Estate Agent can help navigate the process from beginning to end --- and even after your closing --- applying their expertise to your search to get you the results you deserve.
Using the right Agent can make all the difference between finding the home you have always wanted and frustration. Find an agent who can open the right doors for you. Find an agent who listens.
Look for an Agent, not a property since you'll be spending much of your time with this person, read agent biographies, request recommendations, even call to interview them. Communication is 80% of the process, so make sure you and your agent connect.
Share all requested information. Letting your agent know what you want is the first step to successful communication. Many factors play a part in the selection of properties for you to view and there are a wide variety of properties in New York City. Give your agent a complete picture of you and your needs to avoid wasting time looking at properties that does not suit your lifestyle. Make a wish list. You may not get everything on your list, but a good agent will work to get you as much of your wish list as possible.
When looking at properties, give your agent a piece of your mind.While looking at properties, let your agent know what resonates with you for each property. A good agent will consider all of the input you have given throughout the relationship when selecting properties to see, not just your initial requirements. Perhaps your reaction to a property will bring to mind another option they would have otherwise struck from the list. As you see more properties with your agent, they will get to know how they can best assist you.
Be Open. Never feel that you have to hold back in your assessment of a property, your assessment of a contract, or your feelings on a situation. Your agent is there to help you and the more they know, the better off you are.
Pick one agent to assist you. In Manhattan, every agent has access to the same group of listings through RLS (REBNY Listing Exchange Service) which acts similarly to the MLS. Working with multiple agents will just make more work for you, in that you will have to manage a team of people, field many phone calls and emails, learn of duplicate properties and make the search for your home all that more overwhelming.
Whether you're a buyer or seller, pick the agent who is right for you and work exclusively with them. Your agent works for you and if you choose the right agent for your needs, you'll find that the process of buying or selling a home is not nearly as daunting as you think -- because your agent will do all of the work. A good real estate agent is worth their weight in gold!
A licensed and professional Real Estate Agent can help navigate the process from beginning to end --- and even after your closing --- applying their expertise to your search to get you the results you deserve.
Using the right Agent can make all the difference between finding the home you have always wanted and frustration. Find an agent who can open the right doors for you. Find an agent who listens.
Look for an Agent, not a property since you'll be spending much of your time with this person, read agent biographies, request recommendations, even call to interview them. Communication is 80% of the process, so make sure you and your agent connect.
Share all requested information. Letting your agent know what you want is the first step to successful communication. Many factors play a part in the selection of properties for you to view and there are a wide variety of properties in New York City. Give your agent a complete picture of you and your needs to avoid wasting time looking at properties that does not suit your lifestyle. Make a wish list. You may not get everything on your list, but a good agent will work to get you as much of your wish list as possible.
When looking at properties, give your agent a piece of your mind.While looking at properties, let your agent know what resonates with you for each property. A good agent will consider all of the input you have given throughout the relationship when selecting properties to see, not just your initial requirements. Perhaps your reaction to a property will bring to mind another option they would have otherwise struck from the list. As you see more properties with your agent, they will get to know how they can best assist you.
Be Open. Never feel that you have to hold back in your assessment of a property, your assessment of a contract, or your feelings on a situation. Your agent is there to help you and the more they know, the better off you are.
Pick one agent to assist you. In Manhattan, every agent has access to the same group of listings through RLS (REBNY Listing Exchange Service) which acts similarly to the MLS. Working with multiple agents will just make more work for you, in that you will have to manage a team of people, field many phone calls and emails, learn of duplicate properties and make the search for your home all that more overwhelming.
Whether you're a buyer or seller, pick the agent who is right for you and work exclusively with them. Your agent works for you and if you choose the right agent for your needs, you'll find that the process of buying or selling a home is not nearly as daunting as you think -- because your agent will do all of the work. A good real estate agent is worth their weight in gold!
Saturday, May 10, 2008
Why Hiring A Real Estate Agent Is More Advantageous Than Selling/Buying/Renting Yourself
According to the National Association of Realtors, 98% of real estate agents sell homes and close deals. Only 2% of all For Sale By Owners (FSBOs) sell on their own.
Home owners know their homes, thus the idea "we can sell it ourselves and save the commission."
But what do sellers really save?
And for buyers, the idea of viewing apartments on their own and making an offer is a breeze. How breezy is it when the seller isn't flexible or there are complications?
When you hire a real estate agent to sell your home or represent you in purchasing a home, you get a lot.
Real estate agents are thoroughly trained and experienced.
You might think you know a lot about real estate, but wouldn't you rather have a person who knows more than you do when selling homes and making that important decision to buy? Real estate agents are not emotionally attached to your home. Therefore they can negotiate on your behalf bringing you the best outcome.
If you're a seller, your agent can help you set the right price on your home that will cause your home to sell. Knowing supply, demand and the area's conditions makes a huge difference as to how long your home is on the market. Your agent will market your property on their company's web site which is likely to be visited by hundreds of thousands of buyers, and to all of the other agents in your area. Agents have various ways of marketing which result in a far greater reach -- bringing you more visits from buyers than you could ever generate on your own. Your agent filters serious buyers from shoppers and brings you qualified offers.
As a buyer, your agent knows the market. They set up appointments for you to see the best properties according to your specifications. They save you the leg work and negotiate on your behalf. Agents often can get you more for your money. You may be a negotiating pro, but, do you have real estate negotiating knowledge? Do you have the professional expertise that could make that home yours vs losing that home to another buyer?
As a renter, your agent has a pulse on the rental market in your area. They know what buildings are like, the neighborhoods, the amenities, and much more. Your agent negotiates the best possible lease for you. Your agent protects you.
Real estate agents have market knowledge.By looking at your newspaper and reading the Internet, you may think you know the prices in your neighborhood. Your professional agent has up to the minute knowledge of what's happening in your neighborhood. And ... they know your neighborhood's comparable properties and sales. They know market conditions and can present data and information to you that you would have no way of knowing, whether you are a seller, buyer or even renter.
Real estate agents work for you. Professional agents qualify buyers. Would you want an offer only to find out the buyers can't afford to buy your home?The paperwork of selling, buying or renting a home can be daunting. When doing this paperwork on your own, one mistake could be the most expensive mistake you've ever made. It could even have legal implications.
Professional real estate agents handle all of the necessary paperwork needed to make your sale, purchase or rental a successful and smooth transaction. A good agent is there for you every step of the way ... including being there for you after your closing.Whether you have questions or any issue related to your property, they re there to assist you.A good agent is worth their weight in gold. And that good agent will be there for you in the future or for anyone you refer to them.
Home owners know their homes, thus the idea "we can sell it ourselves and save the commission."
But what do sellers really save?
And for buyers, the idea of viewing apartments on their own and making an offer is a breeze. How breezy is it when the seller isn't flexible or there are complications?
When you hire a real estate agent to sell your home or represent you in purchasing a home, you get a lot.
Real estate agents are thoroughly trained and experienced.
You might think you know a lot about real estate, but wouldn't you rather have a person who knows more than you do when selling homes and making that important decision to buy? Real estate agents are not emotionally attached to your home. Therefore they can negotiate on your behalf bringing you the best outcome.
If you're a seller, your agent can help you set the right price on your home that will cause your home to sell. Knowing supply, demand and the area's conditions makes a huge difference as to how long your home is on the market. Your agent will market your property on their company's web site which is likely to be visited by hundreds of thousands of buyers, and to all of the other agents in your area. Agents have various ways of marketing which result in a far greater reach -- bringing you more visits from buyers than you could ever generate on your own. Your agent filters serious buyers from shoppers and brings you qualified offers.
As a buyer, your agent knows the market. They set up appointments for you to see the best properties according to your specifications. They save you the leg work and negotiate on your behalf. Agents often can get you more for your money. You may be a negotiating pro, but, do you have real estate negotiating knowledge? Do you have the professional expertise that could make that home yours vs losing that home to another buyer?
As a renter, your agent has a pulse on the rental market in your area. They know what buildings are like, the neighborhoods, the amenities, and much more. Your agent negotiates the best possible lease for you. Your agent protects you.
Real estate agents have market knowledge.By looking at your newspaper and reading the Internet, you may think you know the prices in your neighborhood. Your professional agent has up to the minute knowledge of what's happening in your neighborhood. And ... they know your neighborhood's comparable properties and sales. They know market conditions and can present data and information to you that you would have no way of knowing, whether you are a seller, buyer or even renter.
Real estate agents work for you. Professional agents qualify buyers. Would you want an offer only to find out the buyers can't afford to buy your home?The paperwork of selling, buying or renting a home can be daunting. When doing this paperwork on your own, one mistake could be the most expensive mistake you've ever made. It could even have legal implications.
Professional real estate agents handle all of the necessary paperwork needed to make your sale, purchase or rental a successful and smooth transaction. A good agent is there for you every step of the way ... including being there for you after your closing.Whether you have questions or any issue related to your property, they re there to assist you.A good agent is worth their weight in gold. And that good agent will be there for you in the future or for anyone you refer to them.
Hot New Housing Developments in Manhattan
The rest of the country may be lukewarm, and some places even cold … but New York City is at the top of its game in new multi-unit residential real estate sales developments.
From 2004 – 2006, 29,245 permits were issued in New York City according to the U.S. Census Bureau.
Many fear buying because of the “slowdown market” they hear in the media. While there’s a slowdown in the residential sales market across the country …that’s not true of New York City. New York City real estate is hot right now.
Developers are building all over New York City. Halstead Property, LLC the firm that I am proud to be associated with, has established itself as a major player in this highly competitive arena of Manhattan residential brokerage, currently managing 58 new developments. Eighteen of those are completely sold out.
Many of the new Manhattan condos offer incredible amenity packages. However some of the smaller to mid-size buildings don’t feel it’s necessary.
From Downtown to Harlem, less amenities often lower sales prices and common charges. Lower prices and common charges can make a residence in an A-list neighborhood highly attractive.
Yet, there are those who don’t want the commute between Manhattan and the suburbs, and pay the price for every amenity and more.
Regardless of your amenity choices, Manhattan new housing developments are hot.
From 2004 – 2006, 29,245 permits were issued in New York City according to the U.S. Census Bureau.
Many fear buying because of the “slowdown market” they hear in the media. While there’s a slowdown in the residential sales market across the country …that’s not true of New York City. New York City real estate is hot right now.
Developers are building all over New York City. Halstead Property, LLC the firm that I am proud to be associated with, has established itself as a major player in this highly competitive arena of Manhattan residential brokerage, currently managing 58 new developments. Eighteen of those are completely sold out.
Many of the new Manhattan condos offer incredible amenity packages. However some of the smaller to mid-size buildings don’t feel it’s necessary.
From Downtown to Harlem, less amenities often lower sales prices and common charges. Lower prices and common charges can make a residence in an A-list neighborhood highly attractive.
Yet, there are those who don’t want the commute between Manhattan and the suburbs, and pay the price for every amenity and more.
Regardless of your amenity choices, Manhattan new housing developments are hot.
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