When you have a bunch of “wealth managers” collecting fees by telling clients to pile on low coupon debt so the clients can go out and further bid up already inflated real estate – it’s a perfect storm. …
Blog Posts
It’s a buyer’s market, particularly with respect to these traditional estate-condition units. We firmly believe that when properly renovated, these units are far superior and represent better value than what you’ll find in any of the new glass-clad towers. …
The $8,094 monthly condominium fee is steep but maintaining all those gargoyles isn’t cheap – there’s a reason that most Gilded Age homes have been demolished. …
Should the identity of parties behind bellwether transactions be shrouded in deep secrecy, those comps should probably be rejected out of hand. …
Developers will tell you that these deed restrictions are good for the unit owners because it keeps speculators out – that’s pure nonsense. …
In general, the valuation of higher-end properties can be elusive – they are less liquid and brokers often intentionally overprice properties to secure listings. …
Real estate development has been the city’s financial engine of growth for generations – is the current administration killing the golden goose? …
He states that they’re expensive to maintain, promote crime, and he cites “abundant evidence to show that high buildings make people crazy.” …
At current valuations, these buildings are no longer viable to operate as rental properties. Savvy owners recognize this... …
Realtors coached their clients to throw all caution to the wind with respect to winning bidding wars; we fail to see how this latest sales pitch is any different. …
In our experience, people don’t enter into selling agreements with brokers just for the fun of it – that’s like driving down 20 miles of bad road just for kicks and giggles. …
Developers love branding – you get a premium when you’re selling the “St. Regis” vs “150 Seaport Boulevard.” …
