Tag Archives: Business and Economy

Long Island NY Real Estate – What you can get house for $329K

 

  2962 Grand Ave – Baldwin,  New York

 Charming Colonial On Corner Property On Deep          40  X 122 Lot. Heated Front Enclosed Porch Plus Rear Enclosed Porch To Backyard.

 

 

 

2962 Grand Ave

  •   Price: $329,000
  •   Monthly Real Estate Tax: $507
  •   Neighborhood: Baldwin
  •   School District: Baldwin
  •   House
  • 3 Beds | 1 Bath | 1 Half Bath
  • Approximate Square Feet: 1,430
   房源最多

 效率最高

 口碑最好

Diana Wu  黛安娜吳

Email:   diana.wu@elliman.com

I used to work with the Award Winning Sales group, The Voda Group from Prudential Douglas Elliman, and now I am co-broker with Shirley Chow. We are confident that the value of service and skill we deliver is unparalleled. We pride ourselves as specialists in Manhattan real estate sales. If you want to buy, sell or lease your home, please contact us at 516-320-0231 (cell) or 516-639-6807. We can discuss your specific Real Estate needs. Thank you!

 

 

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Real Estate – Announcement from Advertise Investment Real Estate!

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Manhattan Rental Market Overview

“We have just released” Says Dottie Herman, CEO of  Prudential Douglas Elliman. “The Douglas Elliman Report: Manhattan Rentals 2Q 2011″, the most comprehensive analysis of the Manhattan rental market.  The first of its kind, this report provides new insights into the largest form of housing in Manhattan.  Our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and neutral market insight available”.

She also says “The amount of new rental activity has been significantly higher compared to last year. The landlords continued to reduce their reliance on concessions to manage occupancy. Rental rates after considering concessions were higher than last year at this time, and the time to lease an apartment fell sharply. As the regional economy shows modest but slowly improving conditions, the economy will also face many challenges. We will continue to look toward the rental market as a leading indicator for housing, and we anticipate modest improvement in the rental market for the remainder of 2011″.

If you like to have more information, please contact me at diana.wu@elliman.com . To see our listings: www.thevodagroup.com

New York Real Estate Market – General & Prices of Manhattan Upper Eastside

Upper East Side is one of the elegant neighborhoods in Manhattan. The neighborhood is bordered by east side Central Park and East river, from 59th Street to 96th Street. It located in the area with fine arts, fine restaurants, chic fashion boutiques and famous residential buildings. Carnegie Hill is the most prestigious neighborhood for families in the upper eastside.

There are many cultural institutions at Upper eastside and along its “Museum Mile,” such as Metropolitan Museum of Art, the MoMA, Whitney, and Guggenheim museums, etc. Upper eastside, it’s famous for its museums, Central Park, and expensive real estate and wealthy residents. Beside Central park, you also can relax at John Jay Park and Carl Shurz Park.

Some of the best of New York City public schools are there. One of the very famous one is P.S. 6 Lillie Devereux Blake School. There are a good math and writing program in elementary school as well. The famous college, Columbia University also located upper eastside.

Transportation includes a number of buses running North-South, M31, M15, M101, M102, and M103. The cross-town buses are M57, M72, M86, M96 and M106. The subways are 4, 5, and 6 on Lexington Ave and stations at 59th, 68th, 77th, 86th and 96th street. There are plentiful taxicab services in that area too.

The majority of the real estate in upper eastside is condos, co-ops, townhouses and some single family homes. The brownstone-style luxury homes are price from $4 to 9 Million. However, if you are willing to purchase some co-op toward further east, you may find more affordable apt, such as 509 E 88th street. Some one-bedroom sells as low as $263,000 with maintains $849/mo in today’s market. One-bedroom’s condo is selling as low as around upper $500,000 like 1474 3rd Ave, today asking is $565,000 with common charge of $741/mo and real estate tax $577/mo. For two-bedroom, you can find as low as $774,999 with maintenance of $1,183/mo for co-op (301 E 62nd St.). Of course, if you move closing to central park, the price will rise significantly. 27 East 65th Street for co-op asking price is $1,295,000. Some others ask for $4,500,000 which also a co-op building (1100 Park Avenue). Therefore, there are various properties in upper eastside. It fits all different people’s criteria. Check currently listed homes for sale in Manhattan Upper Eastside New York. See market trends of Manhattan Upper Eastside average home prices, property values in that area.

Manhattan Real Estate Market is very unique. The entire purchase process is different than anywhere else in the world. If you are interesting to have a FREE consultation, if you have any question about sell real estate in Manhattan, contact me directly Diana Wu at 516-320-0231 (cell) or email me at diana.wu@elliman.com, I have the privilege and pleasure to work with Avi Voda, Founder and Executive Vice President of 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 condominium and co-op sales in Manhattan. To learn more about our custom-designed marketing plans, visit my website at:  http://www.elliman.com/real-estate-agent/diana-wu/4623 to receive a complimentary valuation of your home, or to discuss any real estate related topics, please contact us today.

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 diana.wu@elliman.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 – Sharing Ideas
• 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

New York City Neighborhood: 5 Tips for Purchasing Real Estate in Manhattan

Manhattan, the Big Apple” is one of the nation’s most best loved cities. If you are from other state or other country, to search an apartment in New York City may seem a bit overwhelming at first time. Therefore, to understand the process, learning about the current market, terminology will be very important in order to help you to find your next perfect home.

While this 5 tip for purchase real estate in Manhattan wills guiding you the knowledge of what to expect.

1)      How much Manhattan Real Estate can you afford? It is a very important question asks yourself before start to search your next home. To get a pre-approval for a mortgage from your lender or mortgage broker before your search in order you become a more attractive candidate when you find the home you like. There is about 20% to 30% price different between condo and co-op. And the average price for condominiums is from $851 to $1,205 per square foot. The price per square foot is depending on location, apartment and building condition, size and building amenities, etc.

2)      Choose the right neighborhood & right apartment for you also is one of the important considerations when you purchase a home in Manhattan. Manhattan is a very unique universe of its own, where has different construction buildings (pre-war, post-war, townhouse, brownstone & new construction) and different entertainment in the area. If you do your homework or heir a profession real estate broker, the process will flow much more smoothly, and you will get the home that suits your lifestyle.

3)      What is co-op? There are 85% of the building are co-op. It is the most comer buying option in New York City today. Co-op is buildings owned by corporations with the residents as shareholders. To purchase a co-op, the purchaser will receive a proprietary lease on an individual unit and the right to use the common areas. The benefit to purchase the co-op is lower initial purchase; control your own living space. The disadvantage to purchase the co-op is stringent co-op board and restrictions on the sublease.

4)      What is condominium? Condominium is a property developed for co-ownership. Condominium is considered real property. The owners hold a fee simple deed to their individual condo unit. In the common area, all residents use and own as tenants in common. The benefits are easy approval, flexibility in financing options, low maintenance fee, and leasing freedom. Disadvantages are high price and legal responsibility.

5)      Purchase process for condo and co-op are very similar. After you make an offer, the negotiation processes begin. The seller may counter you offer. Only when a “meeting of the minds” occurs, the agreement fulfills. Then the seller’s attorney will prepare a contract of sale, and your attorney will begin to examine the financial condition of the building in which you wish to purchase. When your attorney satisfies the contract of sale, you will be asked to sign the contract and 10% of the purchase price of deposit will require. This money will be held in the seller’s attorney’s escrow account until closing. Another important thing has to mention is until all the parties have signed the contract, and been delivered, the seller can still accept another offer. If you need a mortgage, the loan application process begins. You also will receive board requirement and application materials. The materials including: application, a financial statement signed by a CPA, 2 or 3 year of tax return, bank statement, letter of personal, financial, professional reference, the contract of sale, loan document, etc. The process is quite different between condo and co-op, from building to building. For co-op, you will be invited, which to be board interview by either board or an interview committee.  After approval by the board, you start to plan for a closing. The entire process can move quickly in a condo and assuming about 60 days. However the co-op process is more involved around 60 to 90 days is normal.

I have the privilege and pleasure to 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. Our team’s hard working will help your real estate goal extremely successful. The Voda Group always provides an exceptional standard of service. To learn more about my profile, Listings and The Voda Group custom-designed, visit my website at:  http://www.elliman.com/real-estate-agent/diana-wu/4623   To receive a complimentary discuss any real estate related topics, please contact us today at 516-320-0232 (Diana) or email me at diana.wu@elliman.com . Thank you for you read my blog, and hopes I have a chance to serve your real estate need in the future.

Other useful topical:
What You Can Get For Your Money – The Neighborhoods of Manhattan
Manhattan Real Estate – Now is the Best Time to Buy
Manhattan Real Estate Glossary – Types of Rooms
Renting vs. Owning