The Upper Crust NYC

Tax Abatements from the city (not new development)

theuppercrustnyc.com — Mon, 18 Aug 2008 12:06:39 -0400

Everyone seems familiar with the 421A or J-51 but what if you don't have either of these two abatements?

Well ...

telling - price vs time

theuppercrustnyc.com — Wed, 16 Jul 2008 11:21:29 -0400

Here is something that should re-enforce what I've been saying. As the length of time increases on the market the ...

jumbo loans

theuppercrustnyc.com — Thu, 29 May 2008 11:30:11 -0400

Banks have changed lending practices on Jumbo loans. They won't lend 90% (mortgage + HELOC) on condos that require Jumbo ...

Real Estate Dilema for the ages

theuppercrustnyc.com — Thu, 15 May 2008 13:04:57 -0400

In pitching apartments for exclusives - the owner asks you to come over and see the place to construct the ...

Q1 out...

theuppercrustnyc.com — Wed, 02 Apr 2008 16:09:36 -0400

The market report came out and it depicted what I said it would - flattening year over year appreciation.

things ...

state of the market

theuppercrustnyc.com — Tue, 01 Apr 2008 12:26:47 -0400

Currently there is less time pressure to buy which then leads to longer purchasing cycles. Which in my opinion is ...

Prices + market = Softening?

theuppercrustnyc.com — Wed, 20 Feb 2008 10:55:16 -0500

Get that thought from a lot of people as they just watch the surface of the market. The answer is ...

Chelsea's Next Development Site?

theuppercrustnyc.com — Wed, 06 Feb 2008 16:01:58 -0500

Way back in 2004 - WassFam bought some buildings and a parking lot. They own 108 West 17th, the neighboring ...

Impact of the Web on RE

theuppercrustnyc.com — Wed, 30 Jan 2008 17:13:13 -0500

The web has been a great tool for RE information and product. Gone are the days of just relying on ...

RE Agents and Rules

theuppercrustnyc.com — Wed, 23 Jan 2008 14:36:46 -0500

REBNY has so many rules of action for broker members of NYC. Yet if you look at 90% of all ...

Coming soon to LIC - near Arris

theuppercrustnyc.com — Tue, 22 Jan 2008 13:34:13 -0500

The Kimaya Lofts are coming to Jackson Avenue, right around the block from the Arris lofts. This will be a ...

The real moment of Market Truth

theuppercrustnyc.com — Fri, 18 Jan 2008 09:08:44 -0500

This will come in 2009 and 2010. Why? Because 2004 was the official boom in city, where anyone could get ...

Opening Status Report

theuppercrustnyc.com — Thu, 17 Jan 2008 11:01:33 -0500

This post and 2008 is dedicated to the #1 Actor in Hollywood "The Tuck".

With 2 listings on the market ...

What most Brokers Don't Know and Comp services don't tell you.

theuppercrustnyc.com — Tue, 06 Nov 2007 12:47:28 -0500

If you want the most accurate comparables why not go direct to the source. NYC.Gov.

Here you'll find the rolling ...

Restaurant for Sale

theuppercrustnyc.com — Mon, 24 Sep 2007 11:19:54 -0400

We're selling a restaurant on Smith St. for 330K. Restaurant is a highly rated Zagat establishment with liquor license, outdoor ...

IN-land LIC additions

theuppercrustnyc.com — Mon, 24 Sep 2007 10:25:06 -0400

Just a quick look at two additions to the hood of LIC near Arris Lofts...

1) at 26-26 Jackson - ...

Crack smoking + Apartment Owners

theuppercrustnyc.com — Thu, 20 Sep 2007 17:01:48 -0400

There is a phenomenon that happens when someone sells their apartment....it instantly becomes the best thing since sliced bread. All ...

Thought

theuppercrustnyc.com — Sun, 16 Sep 2007 13:19:30 -0400

Inventory is down big time...and now it appears the Fed will reverse earlier decisions and reduce the finds rate probably ...

Powerhouse - Who owns that land with the Tennis Bublble?

theuppercrustnyc.com — Fri, 14 Sep 2007 23:18:26 -0400

Well some concern has been expressed about the land in front of the Powerhouse, in terms of development possibilities. Well ...

For my Arris compats

theuppercrustnyc.com — Thu, 13 Sep 2007 22:45:31 -0400

Here is an update on the amenities of the Arris lofts - coming along and will provide lots of enjoyment....

Such Annoying BS - Brokers need ethics

theuppercrustnyc.com — Mon, 10 Sep 2007 16:39:12 -0400

A great listing comes out but the ad copy says 1st showing at the open house on 9/9 - this ...

Condo Lofts Sales Stats - July and August

theuppercrustnyc.com — Thu, 06 Sep 2007 13:32:46 -0400

Condo Loft sales Stats from 85 downtown loft buildings for the months of July and August show robust activity in ...

Summer re-cap

theuppercrustnyc.com — Mon, 27 Aug 2007 11:35:21 -0400

Right now there is seriously no solid inventory on the market. You can see that from the NYT which the ...

Mortgage rant

theuppercrustnyc.com — Thu, 16 Aug 2007 16:26:19 -0400

With such a glitch in Mortgages - now they are tightening guidelines.

Should they have had good guidelines to begin ...

Real Estate Cycle + mixed bag

theuppercrustnyc.com — Thu, 02 Aug 2007 10:33:16 -0400

Real Estate in NYC goes through a distinct cycle of up and down activity.

Starting in mid January the market ...

The Tale of 2 different quarter and years

theuppercrustnyc.com — Tue, 17 Jul 2007 13:49:45 -0400

Here is a great example of the difference of 2006 Q4 and now Q3 2007 - which is a depiction ...

Arris Lofts update

theuppercrustnyc.com — Thu, 12 Jul 2007 19:46:24 -0400

Official move in for me was Friday July 6th and so far only 30 or so people have actually moved into ...

Resources

theuppercrustnyc.com — Thu, 12 Jul 2007 19:39:27 -0400

As I go about moving into and shaping my new apartment at the Arris Lofts - I thought I'd share ...

Condo Lofts

theuppercrustnyc.com — Mon, 09 Jul 2007 11:53:47 -0400

I've been tracking 85 Condo Loft buldings downtown by zip code and what shows thru is that 10013 is the ...

Thought about the market

theuppercrustnyc.com — Thu, 28 Jun 2007 14:13:28 -0400

With all the new condos, a unique price range is born, as they seem to have a target market very ...