Tag Archives: Real estate

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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Midtown Manhattan Condo for Sale

The Platinum is Manhattan’s “signature power residence” dramatic and urban oasis in the heart of New York City. The Platinum is ultra-luxury, commercial-free Manhattan real estate in the most vibrant section of New York City. Steps away from Times Square, the striking New York Times building and within walking distance to Broadway, Rockefeller Center and world-class restaurants, grocers and cafes.This magnificent 2 bedroom 2 and ½bath home is located on the 29th floor with -to-ceiling windows, hardwood floors, Bosch and Thermador appliances, high ceilings and exotic stone floors and walls in the baths. Residents enjoy “The Zone” a full-floor dedicated a host of upscale amenities. There’s The Recovery Zone, a zen-like room containing body massage chairs with access to a soothing video and/or audio experience. The Fitness Center is expansive with state-of-the-art LifeFitness equipment. In addition, there’s indoor/outdoor Yoga studios, spa treatment rooms and spa lounge with waterfall as well as a golf simulation room. For socializing, residents can stop in the Social Sauna, Q Lounge or outdoor, landscaped terrace complete with stone fireplace.Amenities:24/7 doorman and concierge, Spa treatment room, social sauna ,spa lounge with waterfall, golf simulation room, q lounge for playing pool, outdoor landscaped terr

PLATINUM

  • Price: $2,450,000
  • Maintenance/CC: $1,316
  • Monthly Real Estate Tax: $136
  • Minimum Percent Down: 10%
  • Neighborhood: Midtown
  • Condo, Doorman
  • 2 Beds | 2 Baths | 1 Half Bath
  • Price Change: 4.26 %
  • Approximate Square Feet: 1,311
   房源最多 效率最高 口碑最好 Diana Wu  黛安娜吳Email:   diana.wu@elliman.comI 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! 

To read more about Manhattan real estate, please click the following link:

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

–       5 Tips for Purchase Real Estate in Manhattan

NYC real estate – Busy Doctor Office For Sale – Buy property & get FREE business

Professional building – medical / dental use. Currently configured as 3 exam

109 Lafayette St. #804-805

109 Lafayette St. #804-805

rooms, a large waiting room, a reception area, and 2 Offices. This office can be a terrific office for any doctor, dentist, or other professional in the wellness field. The office faces south and west, overlooking city view. Conveniently located corner of Lafayette St and Canal St, the location is terrific – easily accessible close to many types of transportation.

It is a Condo Apartment , monthly maintenance/cc is $455  plus $632 monthly tax. The square feet is 1,000 (approx).  Please contact Shirley at

109 Lafayette St. #804-805 Lobby

109 Lafayette St. #804-805 Lobby

schow@elliman.com , 516-639-6807 or Diana at Diana.wu@elliman.com  516-320-0231.

NYC Real Estate – How do you get Deposit Money Back when the deal falls apart?

For protect yourself when you purchase a property, contract is the rules of the game. In Manhattan, when a “meeting of the minds” occurs, the agreement fulfills, you will be asked to sign the contract and 10% of the purchase price of deposit will require for the buyer to show good faith. This money will be held in the seller’s attorney’s escrow account until closing. How does buyer Get Deposit Money back when The Deal Falls Apart? Many buyers easily get the money back with failed inspections or they cannot secure financing because they do their homework and finding the right brokers for them. Please be more cautious if you choose to deal the whole purchase process by yourself. Otherwise the real estate broker will work for you for FREE. Only the seller will be responsible for commission of both buyer’s broker and seller’s broker.

Other useful topical:
5 Tips for Purchasing Real Estate in Manhattan

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

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

• Renting vs. Owning

 

NYC Real Estate – Murray Hill 2 bedrooms Co-op sale for $899,000

This elegant and modern mint condition two-bedroom two-bathroom apartment was formed through the

244 Madison Ave, #12DE

244 Madison Ave, #12DE

combination of two apartments, and was completely gut renovated with high quality materials, fixtures, and finishes throughout. Perfectly suited for great city living in a prime Murray Hill location in the heart of Manhattan, this bright and sunny high floor apartment features 12 foot ceilings, oversized windows, fully restored walls and ceilings (not a single nail hole!), solid hardwood floors, new moldings, neutral white and earth tone colors, and a top quality Lutron recessed lighting system with dimmers throughout the apartment. Valuable floor space is maximized thanks to two full-sized sleep lofts made to fit queen size mattresses and additional furniture. At the same time, there’s no need for any offsite storage here, as there’s also a tremendous amount of storage space for a Manhattan apartment – seven closets (including two extra large walk-ins!) and five massive built-in storage areas.

The extra large, open kitchen area is a chef’s delight and features a porcelain tile floor, new stainless steel appliances, granite countertops, recessed ceiling and under counter lighting with dimmers, a porcelain tile backsplash, and incredible counter space and cabinet space. The bar area features a second full size sink and a stainless steel wine refrigerator, which is great for entertaining. And tucked away in a built-in cabinet are a life-changing washer and dryer so that you’ll never have to leave your apartment to do laundry again!

There are also two luxurious, spa-like bathrooms – one is full marble with a whirlpool tub, and the other is full tumbled porcelain with a standard tub. Both have recessed lighting with dimmers, Grohe shower systems, beautiful swing-out glass shower doors, recessed medicine cabinets with built-in mirrors, and espresso wood vanities with marble countertops.

The spacious, flexible layout can suit a variety of living situations, from singles to couples to families with children to friends or siblings co-purchasing. A solid hardwood pocket door ensures total privacy between the living areas, and the alternate entrance is the perfect addition for people on different schedules or when guests are staying with you.

This lovely co-op building is perfectly located in the heart of Manhattan, and provides easy access to all of life’s needs, including shopping, dining, entertainment, transportation, and more. It’s fantastic midtown location will allow you to go anywhere in the city quickly and easily. If you work in midtown, it’s an easy walk to work, or if not, it’s just a short walk to Grand Central, Penn Station, and the major subway and bus lines. When you want to relax, it’s also in close proximity to Bryant Park, Madison Square Park, the main New York Public Library, and the Morgan Library. The building has a superb staff, including a full-time superintendent and a 24-hour doorman. Capping it all off is a beautiful new roof deck with incredible panoramic city views and an amazing view of the Empire State Building. There’s also free community Wi-Fi both in the lobby, laundry area and on the roof to help keep you connected while you unwind.

Other apartments with the same features and amenities cost hundreds of thousands of dollars more, but why spend that much for a great apartment? This beautifully renovated apartment is in fantastic condition, so there’s nothing for a new owner to do except move in and start enjoying life in their new home, without the worry and hassle of doing ANY renovation work. This is truly a rare find.

Guarantors, co-purchasers, gifts, parents buying for children, and pied-à-terres are all permitted. Unlimited subletting is permitted after two years. Sorry, no dogs. This apartment is also available furnished or partially furnished if desired. Buyer’s brokers welcome. Feel free to contact me for more information or to schedule a convenient showing.

The Co-op Apartment minimum down is 25%, monthly maintenance/cc is $1,857 (including tax). Tax deductible is 56%. It is 2 Bed and 2 Bath at price of $899,000. PressThis to read Manhattan Real Estate Glossary. For more detail, please contact me at diana.wu@elliman.com or Robert at 244madisonavenueapt@gmail.com , we will email you more info. 

Other Useful Topical:

 

NYC Real Estate – What is Pied-à-terre

Pied-à-terre is French for ‘foot of the ground ‘. It is a residence that you only use occasionally. It is usually an apartment located in a large city such as Manhattan some distance away from an individual’s primary residence. Generally the term pied-à-terre is understood to mean that the unit will not be your primary residence. You only live there part time of the year.

Some of the co-ops don’t like pied-à-terre residents live in the building. They are fear by neighbors that apartment become an inn for primary owner’s friends and family. Especial college age children of the owners may move in because of nearby University or college. Some co-ops, they don’t want to be considered a dormitory. Some co-ops may require primary owners to live in their apartment for at least a year or two before renting it.

Each co-op may have somewhat different rules. Generally co-op isn’t an investment property in that you’ll be renting it out. Some co-op may just be used by you & extended family for business & visits to the city. Usually co-op doesn’t want an empty building with units only used a few weeks every few months.

If a building does not allow pied-à-terre, ask your agent to inquire and provide you with a precise definition of what the particular building means by that rule since it is a subjective term that readily can be interpreted differently from one building to the next.

Condos have generally been the pied-à-terre locales of choice. Once you own a condo, after all, you essentially own a house that neighbors can’t meddle with as is often the case in co-ops.

NYC Real Estate – What you can get for $680,000 in Murray Hill

Sun filled and spacious one bedroom apartment located in one of the best

250 East 40th Street #12A  Highpoint - Murryhill

250 East 40th Street #12A Highpoint - Murryhill

condominium buildings in the Midtown area, The Highpoint. This apartment features your own private balcony, Western exposures, full city and skyline views, expansive closet space, and a pass through modern kitchen. The Highpoint is a full service 24 hour doorman building with a health club, pool, roof deck, laundry room, and video security. This is a great deal for a great home!

The Condo Apartment minimum down is 10%, monthly maintenance/cc is $648 plus $604 monthly tax. The square feet is 707 (approx). It is 1 Bedroom and 1 Bath at price of $680,000. PressThis to read What You Can Get for Your Money 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:

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

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

Real Estate – DOWN MARKET TIPS – Cleaning the Slate

By Kenneth B. Schwartz – ATTORNEY ADVERTISEMENT

Deficiencies are a big thing these days with values on a steady decline and mortgages staying put or even going up by leaps and bounds, especially when a borrower defaults and interest piles on, together with taxes, late charges and whatever. So … how can you figure the bottom line, that outer most number when all’s said and done? And what might it take to make a deficiency go away,  never to return? Here we go.

To Figure the Deficiency

Like foreign or domestic beers, don’t think you can mouth “deficiency”, swoosh it around and always arrive at one set formula for every single case. It doesn’t work that way.

If we’re talking a foreclosure sale with one mortgage only, then just take what’s due including principal, interest, late fees and whatever – back out property value and there you have it. Lots of issues for everyone to argue about, but the raw math isn’t complicated. Say it’s a subordinate mortgage that gets nothing at the sale – then arithmetic wise it gets even easier, all balances remain and that becomes the deficiency.

On short sales, “deficiency” will mean the amount being due after all’s said and done and your deal closes. On a first mortgage, it’s usually a small portion of the overall balance. As to second mortgages and subordinate liens like IRS or NYS, normally it amounts to a much greater percent.

How Deficiencies Arise

Deficiencies can come about in three ways:

1. Foreclosure – Property goes to foreclosure sale and lender goes back to court within 90 days to say the property wasn’t enough to cover what’s due, so give me a money judgment to cover the balance. Court hears evidence and decides. Ouch. But hey, if 90 days pass and lender lets it go, then you’re off the hook.

2. By Consent – Short sale takes place and lender delivers a release of lien, not a release of liability. Lender then has the option to either seek collection on the unpaid balance – the deficiency – or to walk and do nothing. Lender will have six years to make up its mind. Sometimes its possible to settle with a lender prior to closing on a short sale and to agree upon the terms of repayment, however this would most often happen on subordinate mortgages only, rather than on first mortgages.

3. Lawsuit for Money Judgment – Lender pursues collection under the promissory note by suing for a money judgment – rather than bringing a foreclosure. This might happen most commonly on a second mortgage when the property’s under water and little, if anything would remain after the first mortgage gets paid.

Curing a Deficiency

Fear no deficiency. They are very much curable if you follow our six point plan:

1. Short Sale – Get a short sale done and your deficiency will likely disappear. Your final result will depend upon several things like the sales price, BPO, HAFA approvals and your specific lender.

2. Standing and Other Defenses – Your lender may lack the legal ammo that’s necessary to proceed against you in court.  Will they admit it? Of course not. Though defenses may come in a variety of forms, “standing” has played a huge role over the last few years as lenders scramble for just the right papers to show they own the mortgage which they seek to enforce. If they come up dry – give them a kiss on both cheeks and say goodbye.

3. Compromise – Faced with a deficiency, you can always give in and settle – often for a fraction of what’s due with little or no interest.

4. The Ninety Day Wait – Lenders have 90 days after the foreclosure sale to seek a deficiency judgment. Beyond that – no deficiency, ever. So … should you hold your breadth and count the minutes? Play it safe and settle? Hmm … no rash moves.

5. Chapter 7 Bankruptcy – A complete liquidation in bankruptcy can wipe out all personal obligations, including a deficiency.

6. Bankruptcy Cramdown – A special procedure in a business reorganization to cut the mortgage in two, one being a mortgage for the property’s value and the other an unsecured debt for any excess – the deficiency. The unsecured portion will then get settled along with other unsecured creditors for cents on the dollars.

Income Taxes

From Forgiveness of Deficiency

No income tax if all your liabilities are greater than everything you own – value wise. And if it’s your principal residence and you fit the mold – no reporting to IRS. So, yipee and hip, hip hooray.

Signing off till next time. And here’s to your next closing.

To contact Kenneth B. Schwartz (Law Offices of Kenneth B. Schwartz) regards any Specializing in Real Estate at SchwartzEsq@aol.com or calls him at 516-333-7020. Don’t miss out there is a FREE seminars. Contact them to find out more info.

 

 

Manhattan New York – What you can buy for $530K in West Village

Park Eastmint condition one bedroom postwar co-op is located across the

165 Christopher Street, #5A  West Village

165 Christopher Street, #5A West Village

street from the historical Archive building offering a D’Agostino and Crunch Fitness. The apartmet faces West offering open Hudson River views and susets through the oversized windows in each room. This apartment is quiet has a chef’s kitchen w/ new appliances, dining alcove, hardwood floors and many other high-end features. 165 Christopher Street has a part-time doorman, live-in super, common courtyard, bicycle storage, indoor garage, central laundry and is pet friendly. Located just steps to the Hudson River Park, subways, PATH, great restaurants, theater, shopping and minutes from the Meatpacking District, the Highline and Soho makes this home a fantastic location. The co-op board is flexible and allows for subletting, parents buying for children and pied-a-terres. Truly a must see!!

The Co-op Apartment minimum down is 20%, monthly maintenance/cc is only $725 (including tax). Tax deductible is 66%. It is 1 Bed and 1 Bath, doorman building at neighborhood of West Village. The asking price is $530,000. PressThis to read Manhattan Real Estate Glossary. For more detail, please contact me at diana.wu@elliman.com or 516-320-0231 (Diana), I will email you more info. 

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Real Estate – Announcement from Advertise Investment Real Estate!

Its time for you to use a real estate website that lets you market all types of real estate for free! Commercial and residential properties for sale, commercial properties for lease, all free of charge. Postyourpropertieshere.com has the easiest, fastest real estate listing feature online, allowing you to list your real estate for sale in seconds! By Amy Woods