Category Archives: Market Insight

Moving In Before the Closing

Posted on May 2, 2007 by Doug Heddings

I’m currently in the midst of a transaction in which the buyer of a property wants to move into their new property before the closing.  Sometimes I regret that I work in one of the few real estate markets where I as … Continue reading →

Posted in Market Insight, Tips & Advice | 6 Comments

Summer Deals Ahead in NYC Real Estate Market?

Posted on May 1, 2007 by Doug Heddings

First I would like to apologize to my readers for the "cop-out" post yesterday and the "light" post today (let’s call it TG Lite).   There is a bit of an explanation.  Of course, the primary reason is that I am in … Continue reading →

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Carnival of Real Estate #40

Posted on April 30, 2007 by Doug Heddings

It’s up and you can check it out over at Pat Kitano’s TransparentRE. 

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$4,000,000 Later and Your Bed Doesn’t Fit!

Posted on April 27, 2007 by Doug Heddings

I’ve been out all morning with friends/buyers (some people are just so much fun to hang out with) showing them prospective properties to call home in the $4,000,000 price range.  Now those of you who are saying, "WOW, that must … Continue reading →

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From “Urban Decay” to Urban Renewal: Manhattan Gets Prettier

Posted on April 26, 2007 by Doug Heddings

The Port Authority Bus Terminal may soon get an incredible face lift.  According to Annie Karni of The Sun a Gleaming Office Tower May (soon) Rise Upon a Symbol of Urban Decay.  The Port Authority Bus Terminal, for decades a … Continue reading →

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Proposition to Audit Co-op Boards

Posted on April 25, 2007 by Doug Heddings

Suppose that New York City Co-op Boards and their Directors were subject to random or scheduled "audits" to insure that they maintained a pre-determined set of standards?  On Monday I blogged about The New York Times piece on whether or … Continue reading →

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Manhattan Residential Vacancy Rate Below 1%

Posted on April 24, 2007 by Doug Heddings

An amazing statistic was released yesterday by Citi Habitats, Inc. Christine Haughney of The New York Times reports: The vacancy rate for rental apartments in nearly every Manhattan neighborhood remained below 1 percent for all of 2006, according to data released … Continue reading →

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Will NYC Co-ops Have to Disclose “Why?”

Posted on April 23, 2007 by Doug Heddings

I’m thinking probably NOT.  Janny Scott of The New York Times reveals that the City Council is co-sponsoring a measure to Push Co-ops to Explain Why You can’t Buy.  This legislation has been discussed for years and in front of … Continue reading →

Posted in Market Insight | 11 Comments

Friday Link-O-Rama

Posted on April 20, 2007 by Doug Heddings

It’s a beautiful sunny Friday in Manhattan and the local real estate market continues to baffle those watching the collapse of so many markets around the country (again…their is NO National housing market).  I’m busy presenting marketing strategies to sellers … Continue reading →

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New York City Closing Costs for Multi-Family Residential/Commercial

Posted on April 19, 2007 by Doug Heddings

Thanks to True Gotham reader Micky, here are estimated closing costs for multi-family dwellings in New York: For The Seller Broker:  Typically 6% Own Attorney:  $5,000 and up New York City Transfer Tax:  1.425% of entire gross purchase price, if … Continue reading →

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