Move Madison Square Garden to Hudson Yards! I recently read an article that discussed the future of Madison Square Garden. Here are my thoughts: For more than 60 years, the destruction of the original Penn Station – McKim, Meade and White’s 1910 Beaux Arts masterpiece – has relegated proud New Jersey Transit, Long Island Railroad […]
Developer Ashkenazy Acquisition is seeking special approval to install ground floor retail space to replace the good-intentioned, but ill-conceived, public space located in the ground floor retail component of the Bel Canto condominium, a residential tower adjacent to the Upper West Side’s Apple Store near Lincoln Center (and Grandma Bunny). In 1985, when the condominium […]
April 2006 – sold $1,069,162 October 2014 – listed $2,500,000 This week’s Digs Watch brings us to DUMBO – Brooklyn’s former bustling waterfront industrial hub cum mafia body dumping ground, which in recent years has been transformed into a picturesque neighborhood of converted warehouses and cobblestone streets nestled between the Brooklyn Bridge and Manhattan Bridge. […]
September 2013 – sold $5.8M+ October 2014 – listed $7.25M Given that one cannot tune into any media nowadays without the acronym “ISIS” being thrown at them within seconds — which has caused a never ending loop in my brain of the first verse of Bob Dylan’s folk ballad of the same name, which admirably […]
June 2009 – sold $1.2M+ September 2014 – listed $2.2M Welcome to my weekly blog post on wild market movers. This week’s Digs Watch takes a look at 200 West 86th Street, Apt. 16M, a high-floor five with large rooms, good closets and decent light (but no views), located on the south side of 86th […]
Typical Transaction Costs when Purchasing Real Estate in NYC All buyers incur transaction costs on their NYC home purchases. This is an unfortunate reality of the NYC real estate market that you cannot avoid. Co-ops generally have lower purchase closing costs than condos or houses. However, it is still difficult to avoid high closing costs […]
The Proposed “Pied-a-Terre” Tax in NYC It is no secret that New York City real estate has become an attractive vehicle for high net worth non-residents to invest their capital. It is widely perceived as one of the safest and most stable investments available in the increasingly unstable global markets. In fact, many new condo […]
Is The Real Estate Broker Commission Rebate Legal in New York? Clients frequently ask: Is the real estate broker commission rebate legal in New York City? Thus, the topic of my first blog post — is the commission rebate legal? The answer is, in New York, the rebate is most definitely legal. Section 442 of […]