Happy Clients for More Than Just the Commission Rebate

Absolutely lovely clients of mine – a young married couple expecting their first child – just closed on their first home purchase in downtown Brooklyn and wrote me such a touching note that I am happy to share (a link is below, in PDF format.) It is expressions of gratitude like this that make what I do so […]

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What does all the land in Manhattan cost?

According to a report published by three Rutgers economists, land prices in Manhattan have risen 15.8% per year since 1993 and, if you go all the way back to Dutch settlement in 1626, there’s been a 6.4% annual rate of return.  Not a bad investment. Article can be found here.   About Digs: Digs Realty […]

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Happy New Year From Digs Realty!

Hi Everybody, Happy Holidays! What an amazing year 2015 has been, exceeding just about everybody’s expectations! We continue to receive a tremendous response to our offerings and are poised to significantly increase our business in 2016! In addition to keeping over $350,000 in our clients’ pockets, 2015 saw the evolution of Digs, as we responded […]

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Expensive Closing Gifts or Tax Free Cash Back?

Let’s assume you just spent $15,000,000 on a Manhattan penthouse – would you rather receive an all-expenses-paid Vegas vacation with your real estate broker or a check for $300,000 cash back at closing?  Or how about a $1,200,000 Brooklyn condo – a Tiffany key ring and bracelet or a check for $24,000? It really should not take you too long to answer this […]

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Every Penny Counts in NYC Real Estate

Many of my clients have different reasons why they want to buy NYC real estate.  Some people make a lot of money and want to take advantage of the mortgage interest deduction to reduce their tax liability.  Others look at renting as flushing money down the toilet and want their monthly payments to build equity in an appreciating asset. […]

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Wait a minute, you’re going to pay me to buy a home in NYC?

Yes, that’s what I do. I pay people to buy an apartment in NYC by giving my clients a huge percentage of my commission cash back at closing. A lovely client looking for an Upper West Side pied-a-terre to be closer to his grandchildren was referred to me by a good friend, who happened to […]

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Larry Silverstein on the NYC Real Estate Market

In a talk yesterday, Larry Silverstein, the head of Silverstein Properties, who six weeks before 9/11 acquired the lease under the World Trade Center and is currently developing many of the new buildings at the site, addressed one of the burning questions on people’s minds these days – where is NYC real estate going? Having seen cycles […]

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Why are so few apartments for sale in Manhattan?

Crain’s published an interesting piece today trying to explain the supply crunch in Manhattan and exorbitant price of condos here.  The article can be found here. Although a bit simplistic, and in some cases reliant on statistics that are not useful, this is a decent piece because it highlights one of the most important reasons […]

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When is a Deal not a Deal in NYC Real Estate?

When is a deal not a deal in NYC real estate? I’ll help you figure it out. Picture this:  John and Jane buyer are married with a child on the way.  They are both hard-working professionals with advanced degrees from outstanding universities.  Together, they earn a very good living by any objective measure and have […]

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The National’s Guitarist’s Ditmas Park Home is for Sale

Normally, I don’t report celebrity real estate because it is really non-news, but since The National happens to be one of my favorite bands, I decided that I had to mention it in these pages. …and that they recorded an incredible album – High Violet – in the garage-turned-recording studio in Ditmas Park, is super cool.  Would […]

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Park Place Sliver Building Tops Out in Tribeca

For those of you who have known me for a while, you know that I participated in my former co-op’s opposition of a sliver building that would have risen next door and blocked the eastern view of dozens of apartments, and, as our attorney colorfully added during the BSA hearing, sucked the value right out […]

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Giant Condo Tower Coming to Upper West Side

The development rights-rich lot located on the northwest corner of 69th and Amsterdam, vacated in recent years by Lincoln Square Synagogue to move to its brand new digs down the street, has found a buyer.  SJP Properties and Mitsui Fudosan have partnered to develop the lot into a 600-foot-high luxury residential condominium tower of nearly […]

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New Nolita Condo to Occupy Former Orphanage

Only in Manhattan does a building’s usage history read orphanage to school to convent to super luxury condos.  And that is part of the beauty of this place.  Old gorgeous buildings whose original uses are no longer appropriate for the location due to the changing neighborhood (like the once thriving manufacturing buildings in Tribeca and Soho) are being constantly reinvented […]

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Thank you NYC for Finally Getting Rid of Taxi TVs!

If you are anything like me, and immediately hit the power button on the bottom-right corner of taxi TVs within seconds of beginning your ride, risking contamination by the germs left by the countless others who have done the same thing in order to avoid this blaring annoyance, this cannot come soon enough! It’s not as if […]

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Brooklyn Brownstone Listings Surge

Although prices are still at historic highs, it’s a good time to be a Brooklyn brownstone buyer. I recently read an article about the prices of Brooklyn Brownstone listings surging dramatically. I think you will find it interesting. Article can be found here.   About Digs: Digs Realty is a full-service residential brokerage company specializing […]

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