Category Archives: Midtwon

Manhattan Real Estate – Do you make a Right Offer?

How Do You Know You Made the Right Offer for a home?

The rules of the game here in Manhattan are very different from any other place. Therefore, doing your homework OR finding the right broker for you are very important. Our job is to help you determine what kinds of apartments and neighborhoods are suitable for you, and to guide you in regards to the property price, in order to select the best match for your real estate needs and budget.

When there is a “perfect” home comes on the market.  One of those homes that is difficult to comp.  It seems to be a little overpriced, but not grossly so. What will you do next?

  1. You can wait awhile, see it sit on the market, and watch the price drop
  2. You can make a low offer and waiting for either counter offer or rejected.
  3. Or you can overpay for the house.

Otherwise, If you are not sure that you are making the right offer for your next home in Manhattan, please hire a real estate broker who not only can help you to find perfect home for you but also help you buy it at perfect price and help you go thought all the closing process without any headache.  We are the real estate broker who studies home and price every day; we will assist you to make right decision.

There is a tip for you is, if it is a very unique home that you love so much, you may consider making full price offer right away instead later on if there is another buyer step in, then that would be either you have to pay more for the unit or become backup position.

Since in Manhattan the buyers don’t have to pay commission to your broker, why don’t you heir the broker to help you not only save your money but also hassle Free.

I have the privilege work with The Voda Group at Prudential Douglas Elliman. The Voda Group has been the top, award winning sales team at Prudential Douglas Elliman since 2003. We pride ourselves as specialists in Manhattan real estate sales.  We are confident that the value of service and skill we deliver is unparalleled. You can also view my profile, other properties and contract signed at http://www.elliman.com/real-estate-agent/diana-wu/4623.

 

 

Manhattan Rental – What you can get Luxury Rental for $5,000 in NYC

This exquisite Furnished One bedroom / One bath home has breathtaking cityscape views and sunny south exposures. Brand new state of the art appliances including Miele stove, cooktop, dishwasher and Sub Zero refrigerator , washer/dryer, Brazilian cherry wood floors, Floor to ceiling windows, Custom white lacquered cabinetry, Built in espresso & cappuccino maker, Sabbia beige marble baths with glass enclosed showers and high ceilings make this perfect apartment truly complete. Residents also enjoy free membership to The Core Club, located within the building and have access to top of the line Spa and Health Club, State-of-the-art Fitness Center, Library, Screening Room, Private Conference Room, Luxury Spa, Dry Cleaning Service, Full Service Salon and Barber Shop, Full Butler & Concierge services and gourmet dining at Tom Colicchio restaurant and bar. In addition, residents can also lounge in the beautifully landscaped outdoor terrace – All of this, in New York City’s most exciting neighborhood for shopping, dining, entertainment and culture. This prime condominium affords every amenity for luxurious living!

The price is $5,250 and it is about 528 SqFt (approx).

 

What Can You Buy In NYC For Around $669K? New York Manhattan

Mint 1-bedroom home in a luxury high-rise condominium that features a large balcony

212 E 47th Street, #8H, Turtle Bay

212 E 47th Street, #8H, Turtle Bay

with southern exposure and full city views” says Avi Voda of The Voda Group with Prudential Douglas Elliman, “open gourmet kitchen with stainless steel appliances, marble and limestone bathroom, and large bedroom which can easily accommodate king size bedroom set. Berti walnut pre-finished hardwood floors throughout and crystallized glass kitchen countertops. Custom-built closets with abundant storage space. This prime full-service Midtown East building welcomes you with a glass atrium lobby, 24-hour concierge service and doorman. Relax on the 3000sf landscaped roof deck and enjoy panoramic views of midtown as well as the Chrysler Building. Work out in the world class fitness center and yoga studio designed by La Palestra or enjoy a quiet evening in the media lounge. Low monthly maintenance and move-in ready. All you need to do is turn the key! Located just steps from Grand Central Station, all major transportation lines, and great shopping and dining. On-site parking is available and pets are more than welcome”

The Condo Apartment minimum down is 10%, monthly maintenance/cc is only $535 plus $669 monthly tax. The square feet is 642 (approx). It is 1 Beds and 1 Baths at price of $669,000.

View my profile and other properties and contract signed listings at: http://www.elliman.com/real-estate-agent/diana-wu/4623. We pride ourselves as specialists in condominium and co-op sales in Manhattan.For more info, please contact me at diana.wu@elliman.com or 516-320-0231 (Diana), I will email you more info

Other Useful Topical:

What You Can Get For Your Money – The Neighborhoods of Manhattan

Manhattan Real Estate Glossary – the dish on Condos, Co-ops, Condops, Townhouse & Brownstone

What can you buy in NYC For $849K, Manhattan New York

:One block from Bryant Park.Close to Times Square, Theaters, Penn Station,

Bryant Park tower, 100 W 39th St, #39E Fashion Center

Bryant Park tower, 100 W 39th St, #39E Fashion Center

New York Public Library, Grand Central and Rockefeller Center”, say YoonJung (Nicole) & Avi Voda of The Voda Group with prudential Douglas Eilliman. “The 44-story, mixed-use, Bryant Park Tower has 93 condominium apartments on its 10 top floors. The lower floors are occupied by a Marriott Residence Inn, an “extended-stay hotel” that was the chain’s first in the city. The hotel entrance is at 1033 Avenue of the Americas. The condo apartment entrance is at 100 West 39th Street. The apartment portion of the building has a doorman, a concierge, a health club, free laundry facilities and parking.Oversized windows, bamboo floors, separate dining/office area, fabulous closet space, sleek translucent Italian ice-glass doors and limestone thresholds. White oak cabinetry, white marble countertops, lightolier lighting and appliances. Soothing spa-like bathroom outfitted with an ivory porcelain floor, suma tub, heated mirrors and italgraniti ceramic tile.Spectacular city views of Empire State building, Chrysler building, new Setai hotel, Bryant park, even Central park and East River”.

The Condo Apartment minimum down is 10%, monthly maintenance/cc is only $895 plus $96 monthly tax. The square feet is 710 (approx). It is 1 Beds and 1 Baths at price of $849,000.

For more detail, please contact me at diana.wu@elliman.com or 516-320-0231 (Diana), I will email you the info

Other useful Topical:

Manhattan Real Estate Glossary – the dish on Condos, Co-ops, Condops, Townhouse & Brownstone

What can you buy in NYC For $1.3mm, Manhattan New York

212 E 47th Street, Unit 10F, Turtle Bay

212 E 47th Street, Unit 10F, Turtle Bay

Mint Two bedroom with two full bathroom home in a  luxury high-rise condominium that features a large balcony. Kitchen with stainless steel appliances, marble and limestone bathroom, hardwood floors throughout and crystallized glass kitchen countertops,” says Avi Voda of The Voda Group with Prudential Douglas Elliman. “This prime full-service Midtown East building welcomes you with a glass atrium lobby, 24 hour concierge and doorman. Relax on the 3000sf landscaped roof deck and enjoy panoramic views of midtown and the Chrysler Building. Work out in the world class fitness center and yoga studio designed by La Palestra or enjoy the media lounge. Low monthly maintenance and move-in ready. Located just steps from Grand Central and all major transportation, On-site parking is available”.

The Condo Apartment minimum down is 10%, monthly maintenance/cc is only $847 plus $1,228 monthly tax. The square feet is 1,006 (approx). It is 2 Beds and 2 Baths at price of $1,295,000

View my profile and other properties and contract signed listings at: http://www.elliman.com/real-estate-agent/diana-wu/4623. We pride ourselves as specialists in condominium and co-op sales in Manhattan. For more detail, please contact me at diana.wu@elliman.com or 516-320-0231 (Diana), I will email you more info.

Other useful Topical:

Midtown – Manhattan neighborhood overview

Luxury Rental building Test the Manhattan Market — property tax

MIMA - Joey Arak

MIMA - Joey Arak

After the 421-a program expired in December last year. It will require approval from both the City Council and the state Legislature to renew. The new constriction can receive of 20-year property tax exemption in Manhattan has temporary vanished. The property tax in Manhattan is very high. Therefore it scare away numerous of 1st time buyers. They rather continue to rent instead owning which can built up their equity. Today more and more new beautiful rental building come into the Manhattan neighborhood. New here is a luxury one.
MIMA is the rental Luxury Rental Building which located Midtown Manhattan. Joey Arak said “MiMA is a throwback to pre-Lehman real estate decadence—with prices to match—and that has made the building’s debut one of 2011’s most anticipated moments. And heck, the inclusion of a Dog City probably doesn’t hurt the buzz. The rental portion of the building, 500 studio, one- and two-bedroom units on floors 7 through 50, is now open for business, and late last week we got a peek inside. Studios start at $2,895, one bedrooms start at $3,495, junior 4s start at $4,895 and two bedrooms begin at $5,995 a month. Mama MiMA! There will be an additional fee tacked on to enjoy all those amenities”. For more detail on Joey Arak’s article, please click the link below: http://ny.curbed.com/archives/2011/03/21/meet_mima_the_luxury_funhouse_set_to_test_the_manhattan_market.php
Reaching out to others in the real estate community and sharing ideas is the goal of this blog, so please do not hesitate to reach out to me. All comments are welcome. Also, please feel free to email me at anytime at dianawu883@gmail.com

Other useful topical:
• What You Can Get For Your Money – The Neighborhoods of Manhattan
• 5 Tips for Purchasing Real Estate in Manhattan
• Manhattan Real Estate Glossary – Types of Rooms
• Renting vs. Owning
• Manhattan Real Estate – Now is the Best Time to Buy
• New York Homeowners: Sale your home at TOP Dollar
– Tips for Staged the home Appeal to the Buyer

• BUY Manhattan Apartment – perfect wedding gift
• New York, Manhattan Neighborhood – mistakes the 1st time buyers will make
• Manhattan Renters — Tips for Reinforce Credit Score to Buy your Dream Home

Refinancing your Home

Today interest rate is still low. Today 30 year fix is about 4.625% (freeRateUpdate.com). Therefore, refinancing home seems very attractive. Before you do that, there are 3 things you have to consider.

1) Your credit score
The very first thing you have to do is get your credit score from Experian, Equifax and Trans Union. You have to qualify yourself for the best terms of loan. If there are any errors on your credit report, either you can follow the instruction on the report to fix it by yourself, or heir some credit report agent to fix it for you. Improve your credit or fix your credit in order to get the best deal.

2) Today your home value and equity
You have to concern that is your home value and equity enough for you to refinance the home. If you purchase a home just a few years ago at top of dollars, it may have a problem for you to refinance. It may find out that you owe more than you own because in your area the real estate market drop the percentage higher than the others. You are not qualifying for refinancing.

3) Calculate how much you really save
The last thing I want to remind you is, do you realize that you always have to pay very heavy interest in the beginning of the years. You only got very little principal at those years. Later on gradually your payment of interest part goes down and your principal amount that you earn goes up.

For example: Loan amount — $90,000
Interest rate — 8%
Term of the loan — 30 year

So your monthly mortgage payment is $660.39, annual is $7,924.68
Total interest in the 1st year you paid is $7,172.83,
Total principal in the 1st year you earned is $751.82

Total interest in the 2nd year you paid is $7,110.43
Total principal in the 2nd year you earned is $814.23

Total interest in the 20th year you paid is $4,504.44
Total principal in the 20th year you earned is $3,420.24 and so on.

From the Pattern above, you can see how your mortgage payment split each month during the whole terms. Therefore, you really have to consider in your situation, if you refinance your home, is really save you anything?

Reaching out to others in the real estate community and sharing ideas is the goal of this blog, so please do not hesitate to reach out to me. All comments are welcome. Also, please feel free to email me at anytime at dianawu883@gmail.com

Other useful topical:

• What You Can Get For Your Money – The Neighborhoods of Manhattan

• 5 Tips for Purchasing Real Estate in Manhattan

• New York, Manhattan Neighborhood – mistakes the 1st time buyers will make

• Manhattan Real Estate Glossary – Types of Rooms

• Renting vs. Owning

• Manhattan Real Estate – the Best Time to Buy

• New York Homeowners: Sale your home at TOP Dollar
– Tips for Staged the home Appeal to the Buyer

• BUY Manhattan Apartment – perfect wedding gift