by gchowdhury | Jan 23, 2019 | Buyer Tips, Fred's Blog, Uncategorized
How much does it cost each year to live in New York? For apartment owners, that answer contains two elements: what you pay to buy the place and what you pay each month to carry it. These two factors, in theory, exist on a sliding scale to one another relative to other...
by gchowdhury | Sep 11, 2018 | Buyer Tips, Tips & Strategies
A co-op is a corporation which you by shares of. In this houseing arrangement you don’t technically buy or own property. Instead, you own shares of a corporatoin, which in turn owns all of the property. The number of shares you own equates to your physical...
by gchowdhury | Aug 8, 2018 | Fred's Blog, Market Updates
Conventional wisdom has it that the stock market and the New York real estate market travel in lock step. But what if they don’t? While their failure to do so during the last 18 months may appear to be a paradigm shift, it’s my opinion that the two markets decoupled...
by gchowdhury | Jul 23, 2018 | Uncategorized
Check out this short video to hear (or read if you can’t listen to sound) what happened during Q2 in the NYC residential real estate market. Highlights: Total Sales: 2,629 : 16.6% decrease from same period a year ago Inventory: 6,985: 10.7% increase from same...
by gchowdhury | Jul 11, 2018 | NYC Neighborhoods
Long Island City owed much of its growth in the 19th century to the East River, which forms its western boundary. Barges carried goods to and from the locale’s docks and warehouses, and ferries carried commuters to Manhattan during the day before whisking them back to...
by gchowdhury | Jul 11, 2018 | NYC Neighborhoods
Empty, ripe-for-conversion warehouses and factories—and their affordable rents—attracted numerous artists from Manhattan to Long Island City during the past couple of decades. They also attracted two significant art museums: MoMA PS1, an outpost of Manhattan’s Museum...