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You’ll never guess who used to live here…

You’ll never guess who used to live here…

One of the great things about living in New York is the spectacular history it holds. Uncovering these unique morsels of interest around every corner is truly fascinating. 52 East 64th Street, a grand townhome on the Upper East Side’s Gold Coast which is currently on the market holds an exciting past. Not only was the architect, Frederick Sterner one of the country’s leading architects, but one of the houses residents was America’s most famous actress of her time, Ethel Barrymore!

During the time she lived at 52 East 64th Street, Ethel Barrymore...

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10 Essential Skills of Top Real Estate Brokers

Ready to buy or sell and looking for the best representation? Here’s what you should look for when selecting your broker.

The top real estate brokers:

  1. Are up-to-date with market conditions, inventory and comparable sales. Your broker should be totally familiar with the latest sales activity and market trends in general and also for your specific market segment. If you plan to buy or sell a 2-bedroom prewar coop on the UWS, a broker who deals mainly with downtown condos may not be the best fit for you.
  1. Think tactically and know how to take advantage of market conditions. Whether the market favors...
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Are Townhouses the Best PPSF Value?

Are Townhouses the Best PPSF Value?

Although many buyers in the past have shied away from townhouse living in favor of full-service condos and co-ops, a variety of factors have converged that many believe is creating a major shift in buyer interest. In fact, it has already occurred in the very active multi-family category. Investors see these properties as attractive investments but they also appeal to buyers who are looking to use rental income to offset mortgage and tax bills. The on-going low level of inventory has created a third category of buyer interested...

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Are amenity-rich buildings shifting focus away from the appeal of prewar?

Are amenity-rich buildings shifting focus away from the appeal of prewar?

Prewar apartments have long been prized for the quality construction and charming details that are absent in most postwar buildings. Along with plaster walls, hardwood floors and gracious layouts, prewar buildings are associated with impressive lobbies, desirable locations, and landmark status. The finite quantity of these buildings has only made them more desirable in the minds of many buyers.

But times and tastes change. The view that postwar buildings, with uninspired layouts and inferior materials, were second-rate started to change once developers began to offer amenities reflecting lifestyle trends such as gyms, party rooms, roof decks and garages. These amenities proved...

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Strategies for Buyers and Sellers

Strategies for Buyers and Sellers

OPPORTUNITIES FOR BUYERS
Even though we are headed into one of the strongest seller’s markets we’ve seen, I cannot stress enough that there is still strong potential opportunity for buyers right now. That opportunity comes in the form of “stale” listings. When a property sits on the market, a perception is created that something is wrong with it. Most of the time this is not true. Properties must be perceived as a value proposition to sell and more often than not, the owner of a “stale” apartment simply overpriced the apartment in the beginning and turned off most prospective buyers....

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