New York City
Real Estate News
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According to the calendar Spring has arrived.
According to the NYC real estate market, it's just about over. By Memorial Day, the market usually begins to slow as New Yorkers head to the Hamptons, the shore, or the mountains. Since this Spring was much more active than recent years, I suspect this Summer will be different, but a lot depends on developing inventory trends. If there are places to sell, the market will continue to be active as those buyers who missed out on choice properties will fuel the increased demand.
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Interview With Diane Ramirez
President of Halstead Property
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"It is a sellers' market, but you still must be properly priced. The sky is not the limit. We are starting to push the market for sellers more, but if you go out of the realm of reality, you lose your entrée into the market. And then people remember your property as being over-priced." Read more excerpts from this article in The Observer at Halstead.com
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When The Highest Bid
Isn't Enough
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An element of negotiation I have not seen in several years is making an comeback. No financing contingencies. Usually included in a sales contract, a mortgage contingency gives buyers the option of backing out if they can't obtain financing within a specified period. And if they do back out, they can take their down payment with them. But the combination of a competitive market and a difficult lending climate has made sellers in New York less amenable to such conditions. They want noncontingent or all-cash offers. And sometimes they get it.
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Halstead Online Portfolio
Spring/Summer 2013
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Halstead Property is proud to introduces our new, enhanced digital portfolio magazine that showcases all our exclusive listings inside a fully interactive experience that is optimized for all devices and screens.
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Eye Candy Of The Month
Kalahari Harlem
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Welcome to the Kalahari Harlem, a certified "Green" building by LEED (Leadership in Energy and Environmental Design). This spacious 2 bedroom, 2 bath condo with a 200 square foot set-back terrace is bathed in sunlight through oversized windows with panoramic south and east city views. Kalahari is located in the culturally rich and dynamic Harlem neighborhood conveniently accessible to the rest of Manhattan by nearby bus, train, and subway transportation. Click on the photo to learn more.
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20 Most Anticipated Restaurant Openings Spring & Summer
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Though fall is typically the most exciting time to be a diner in New York City, the next three or so months will be packed with new restaurant options. On the horizon are two new projects from Michael White (The Butterfly and Costata), the first New York location of popular burger chain Umami Burger, a Greenpoint bar from skilled Brooklyn scene maker Andrew Tarlow (Achilles Heel), a sandwich shop from team Torrisi (The Lobster Club), a Brooklyn venture from chef Paul Liebrandt (The Elm), and much, much more. Here's a guide to 20 of the most important openings of the spring and summer months.
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Do you need help with New York City real estate? From penthouses to townhouses, studios to lofts, uptown and downtown, since 1987 I've sold it all, and I can help! For the best in buyer and seller representation, call me today.
Michael DeRosa
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Michael DeRosa
Lic. Assoc. R. E. Broker
Senior Vice President
Halstead Property
408 Columbus Avenue
New York, NY 10024
212.381.2364 O
551.427.0589 M
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