2023-02-23 13:54
Once again new legislation, this time sponsored by NYC's Public Advocate Jumaane Williams, would require co-op boards to tell rejected buyers in writing why they are bei… Read More
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Blog about New York City real estate, architecture and neighborhoods by local real estate broker, Mitchell Hall. Published since 2006.
2023-02-20 12:38
Upper West Side – Central Park West (designated 1990)The district evokes the distinctive qualities of the Upper West Side, from its powerful iconography of the twin towers along Centra… Read More
2022-10-13 11:57
Clinton - Hells Kitchen Some still argue about the exact boundaries of Hell's Kitchen, but it's commonly considered to run from 34th to 59th Streets and from Eighth Avenue to the… Read More
2022-09-29 19:50
The First ImpressionDid you know that within 15 seconds a buyer has already developed an opinion of your property? This is why establishing the right first impression is critical to achievin… Read More
2022-09-22 12:43
Government to back mortgages up to $970,800 in 2022The baseline conforming limit rises 18% to $647,200The Federal Housing Finance Agency (FHFA) today announced the conforming loan limits (CL… Read More
2022-09-20 13:11
Property Shark's Author Eliza Theiss reported the top 50 Most Expensive NYC NeighborhoodsProperty Shark/Real-Estate-ReportReports the priciest-nyc-neighborhoodsKey Takeaways: Huds… Read More
2022-09-20 10:32
New York City Area Median Income (AMI)The median income for all cities across the country is defined each year by the U.S. Department of Housing and Urban Development (HUD). The 2… Read More
2022-09-20 02:51
The Upper West Side of Manhattan is home to many private schools. Below are some of the finest private schools on the Upper West Side.The Calhoon Schoo… Read More
2021-10-26 14:02
A seller recently asked what is the price differential for each floor in a Manhattan apartment building?In Manhattan, there are many variables in determining the price differential for each… Read More
2021-10-09 13:56
View from 45 Central Park NorthA while back The New York Times published an article: How the Word ‘North’ Affects Prices: Living Along Central Park North. I was fortunate to have… Read More
2021-10-07 18:24
45 Central Park North, a prewar, mid-rise 6 story, 47 unit HDFC coop built-in 1903. 45 Central Park North is a sought-after full-service 24-hour doorman, elevator building with a… Read More
2021-09-27 14:21
I'm often contacted by buyers that want me to show them apartments. Often these buyers do not know how much of an apartment they can afford. They require financing but have not been in conta… Read More
2021-07-01 00:55
Mayor de Blasio and the New York City Council agreed on and enacted the Fiscal Year 2022 (FY22) New York City budget, totaling $98.7 billion. This budget comes amidst New York's em… Read More
2021-06-08 11:57
New York State Senator Brian Kavanagh introduced legislation that would force co-op boards to explain the reasoning behind their rejections. “The Reasons Bill" (S-1149)Curre… Read More
2021-04-19 12:47
All HDFC coops are incorporated under Article XI and must comply with its requirements. Article XI requires HDFC coops to provide housing for persons and families of low income. Under the NY… Read More
2021-02-11 12:34
Manhattan Market Insights January 2021 New York City Real Estate - nyc BLOG estate
http://rpc.technorati.com/rpc/ping Read More
2021-01-05 16:20
In the last quarter of 2020, the Manhattan residential real estate market continued to experience turbulence while showing resilience and signs that a turnaround is imminent as one of the mo… Read More
2020-12-08 13:03
Year in and year out, we are asked about New York City holiday tipping etiquette, especially for apartment building staff. Updated annual post.Here is my take on the situation:So many ask, … Read More
2020-10-31 13:24
The COVID-19 pandemic has altered real estate activity in Manhattan but the industry remains resilient as buyers look for more space and good deals, particularly in certain price ranges incl… Read More
2020-09-11 12:03
"People fleeing lower Manhattan faster than the Titanic" Headlines I remember during the fall of 2001. I will always remember that sunny September day 19 years ago, all the innocent l… Read More
2020-07-03 10:56
The final two weeks of the first quarter brought never-before-seen conditions to the Manhattan real estate market. Nearly four months later, we're starting to see a glimpse of what the new r… Read More
2020-06-27 12:38
Upper West Side| Manhattan NeighborhoodThe Upper West Side boundaries are 59th Street to the South, 110th Street to the North, Central Park West to the East and the Hudson River to the West… Read More
2020-06-14 11:37
What's in a name?The area that is now Morningside Park was described as "inconvenient for use" by a city surveyor in 1867, meaning difficult to build property on, so it was made into a park… Read More
2020-04-09 14:42
Like all NYC boroughs, the Brooklyn residential market has been impacted by the presence of COVID-19. Inevitably, its arrival affected the housing market.New contracts and sales activity cam… Read More
2020-04-08 11:50
To no one’s surprise, the coronavirus pandemic has made a dent in NYC residential real estate. The unexpected pandemic unearthed a never seen before economic state in the U.S. and glob… Read More
2020-03-27 22:35
As we're all dealing with the effects of COVID-19 on our lives, I want to share encouraging news: the government has approved the $2 t… Read More
2020-03-20 21:35
Governor Cuomo Orders All Non-Essential Workers to Stay Home Today, Governor Cuomo announced an Executive Order mandating that all non-essential workers stay home to help st… Read More
2020-03-20 18:12
Executive Order 202.7 allowing the temporary virtual notarization of documents during the Coronavirus (COVID-19) crisis. The temporary order is effective today, March 20 through&nb&hell…Read More
2020-02-07 17:46
Renting an Apartment in Manhattan, NYCEveryone wants their first New York City rental experience to be a positive one. As a current or future Manhattanite, you should familiarize yourself wi… Read More
2020-01-06 16:45
As we enter the new decade, it’s important to reflect on the 2010s by reviewing ourpredictions and how expectations compared to reality. After Lehman crashed, the bar forreal estate wa… Read More
2020-01-02 23:51
A new decade. Will the market rebound? Some positive signs. Everything is negotiable.As Mark Twain said: "Buy Land, They Ain’t Making Any More Of It." According to a study&nb&hell…Read More
2019-12-16 15:12
New residential developments include both ground-up construction and the conversion of existing structures such as a commercial building or rental property. 21st Century Designed… Read More
2019-11-16 12:10
Being Prepared to Fulfill the Requirements of the Coop Board San Remo ApartmentsNYC Co-op ownership differs from that of Condominiums in that you own shares in a Corporation instead of… Read More
2019-10-02 14:35
The new mansion tax coupled with recession speculation has slowed and shifted the market. Manhattan saw 12% fewer sales this quarter compared to 2018. The increased sales seen in 2015, 201… Read More
2019-09-22 01:59
The HDFC community is facing a new threat from City government, and the HDFC coalition needs your help to win. HDFC shareholder/owners need to work together to defeat Local Law 64 of 20… Read More
2019-09-04 10:50
Animal Fair magazine chose New York City as the nation's pet-friendliest destination.Whether you live here or you're visiting New York City is a vibrant destination for visitors year-round … Read More
2019-08-17 11:36
Williamsburg Bridge to Manhattan within MinutesWilliamsburg Runs from Flushing Avenue to Metropolitan Avenue and Bushwick Avenue, east from the Brooklyn Navy Yard.Williamsburg has under… Read More
2019-08-11 11:47
What is A Condop? A condop is a residential building or portion that includes cooperative and condominium ownership structure. The condominium has a residential cooperative unit separ… Read More
2019-07-17 15:34
The New York Roommate LawBy Neil B. Garfinkel REBNY Broker CounselPartner-in-charge of real estate and banking practicesAbrams Garfinkel Margolis Bergson,LLPImage Credit… Read More
2019-07-17 15:24
HDFC Coops - Affordable Home Ownership in ManhattanThe Monterey | 351 West 114th StreetMorningside Park Q: What is an HDFC coop?A: HDFC (Housing Development Fund Corporations)Since 1979, th… Read More
2019-07-11 12:12
"Buyer were ready to buy this spring, but patient when purchasing."New York City Real Estate - nyc BLOG estate
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2019-07-06 11:15
Changes to NY RE Taxes Begin July 2019The following only applies to NYCCurrent NYS Transfer Tax:· .4% of the transactionNew NYS Transfer… Read More
2019-06-02 00:01
Lincoln Correctional Facility on West 110th Street (photo ©Mitchell Hall 5/31/19) Gov Cuomo announced that NY state will be closing the Lincoln Correctional facil… Read More
2019-05-20 12:37
The NYC Flip TaxQ: What is a Flip Tax?A: A private Transfer FeeThe flip tax is not a tax from the government it is a private transfer fee that many new york coops impose on shareholder… Read More
2019-05-20 12:20
HDFC Cooperative Maximum Income Standards: HDFC cooperatives have maximum income standards for shareholders, tenants of the cooperative, and subtenants of shareholders. The standa… Read More
2019-05-19 11:40
Renting an Apartment in Manhattan, NYCEveryone wants their first New York City rental experience to be a positive one. As a current or future Manhattanite, you should familiarize yourself wi… Read More
2019-05-16 15:06
Broadway is the busiest boulevard on the Upper West Side of Manhattan. Everything happens on The Boulevard.Upper Broadway, the hub of the Upper West Side architecturally is an eclectic… Read More
2019-05-14 23:21
NYC Housing Preservation & Development (HPD)The 2019 AMI for the New York City Region is $96,10045 Central Park North 1E - 5 Bedroom HDFC For SaleThe following is the maximum Incom… Read More
2019-05-07 11:26
After 18 years in the New York City market, I made the move and joined Compass, a technology-driven real estate company. Fusing the best of a brokerage and startup, it will al… Read More
2019-04-24 16:02
Living in the Upper East Side181 East 93rd StreetBuyers with conservative budgets as well as those with more to spend will find treasure troves of real estate offerings in the Upper East Sid… Read More
2019-04-24 15:28
Over the years I have sold and rented apartments where a guarantor was needed. I have also sold apartments where parents and/or trust funds bought the apartment outright for an adult child o… Read More
2019-04-12 15:37
Overview2018 was a challenging year for the Manhattan real estate market. As buyers and sellers continued to grapple with an ongoing market reset, sales declined by their greatest percentage… Read More
2019-04-03 04:25
HDFC Coops - Affordable Home Ownership in ManhattanQ: What is an HDFC coop?A: HDFC (Housing Development Fund Corporations)Since 1979, the Department of Housing Preservation and Development… Read More
2019-04-02 01:34
Changes to the New York State Transfer Tax and the Mansion Tax.The following only applies to NYCCurrent NYS Transfer Tax:· .4% of the tr… Read More
2019-03-31 21:45
Murray Hill | Kips BayHistoric Murray Hill LandmarkMidtown, on the East Side, from 23rd Street to 42nd Street. The area runs from the East River to Park Avenue South between 23rd Street and… Read More
2019-03-31 21:41
250 West 81st Street, on the Upper West Side topped-out at 209 feet. The site is located on Broadway next to Zabars, two blocks from the 79th Street Subway Station, servi… Read More
2019-03-31 21:41
Since 2008, at least a minimum of 3 hours of mandatory fair housing and anti-discrimination content must be part of the 22.5 hours of continuing education criteria for renewal of a New… Read More
2019-03-31 21:27
The Upper West Side of Manhattan is home to many private schools. Below are some of the finest private schools on the Upper West Side.The Calhoon Schoo… Read More
2019-03-31 21:26
The Real Estate Board of New York’s (REBNY) Real Estate Broker Confidence Index for the first quarter of 2018 was 5.78 out of 10, a decrease of 1.21 since brokers were… Read More
2019-03-31 21:23
The James A. Farley Post Office building, completed in 1913 by McKim, Mead & White was built adjacent to the firm’s Penn Station located across the street. After the demo… Read More
2019-03-31 21:22
Year in and year out, we are asked about New York City holiday tipping etiquette, especially for apartment building staff. Updated annual post.Here is my take on the situation:So many ask, … Read More
2019-03-31 21:21
The former St. Agnes Catholic Boys High School at 555 West End Avenue has been converted into a 13-unit luxury condo and is now selling. The building's facade remains original 1908 &hell…Read More
2019-03-31 21:19
What do NYC Sellers Have Control Over?Virtually Staged Studio ApartmentLocation? NoRoom Count? NoSquare Footage? NoFloor? NoView? NoBuilding Amenities? NoC… Read More
2019-03-31 21:17
Church of Saint Paul and Saint Andrew - Upper West SideB'Nai Jeshurun - Upper West SideEast Village Clock ChurchCathedral of Saint John the Divine - Morningside HeightsWest Park Church… Read More
2019-03-31 21:17
Jerome Powell (the chairperson of the Fed) held a press conference on Wednesday. It’s really good news for mortgage rates.Banks have been anticipating that the Fed would raise rates tw… Read More
2018-04-26 01:51
The Brooklyn townhouse market is more diverse, more sprawling, and more active than its counterpart in Manhattan. In fact, more than six times as many townhouses sell in Brooklyn annually th… Read More
2018-04-12 03:21
Buildings throughout NYC are preparing for a doorman building strike. Residents are being issued security passes and strike packages and signing up for volunteer building duties.Negotiations… Read More
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