70 Washington Street, Apt. 2J, Brooklyn

April 2006 – sold $1,069,162 October 2014 – listed $2,500,000 This week’s Digs Watch brings us to DUMBO – Brooklyn’s former bustling waterfront industrial hub cum mafia body dumping ground, which in recent years has been transformed into a picturesque neighborhood of converted warehouses and cobblestone streets nestled between the Brooklyn Bridge and Manhattan Bridge. […]

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303 East 77th Street, Apt 15AB, Manhattan — The Isis Condominium

September 2013 – sold $5.8M+ October 2014 – listed $7.25M Given that one cannot tune into any media nowadays without the acronym “ISIS” being thrown at them within seconds — which has caused a never ending loop in my brain of the first verse of Bob Dylan’s folk ballad of the same name, which admirably […]

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200 West 86th Street, Apt. 16M, Manhattan

June 2009 – sold $1.2M+ September 2014 – listed $2.2M Welcome to my weekly blog post on wild market movers. This week’s Digs Watch takes a look at 200 West 86th Street, Apt. 16M, a high-floor five with large rooms, good closets and decent light (but no views), located on the south side of 86th […]

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Typical Transaction Costs when Purchasing Real Estate in NYC

All buyers incur transaction costs on their NYC home purchases. This is an unfortunate reality of the NYC real estate market that you cannot avoid. Co-ops generally have lower purchase closing costs than condos or houses, but it is still difficult to avoid high closing costs on co-op purchases. Below is a brief description of […]

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The Proposed “Pied-a-Terre” Tax in NYC

It is no secret that New York City real estate has become an attractive vehicle for high net worth non-residents to invest their capital.  It is widely perceived as one of the safest and most stable investments available in the increasingly unstable global markets.  In fact, many new condo developments have been built and marketed […]

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Is The Real Estate Broker Commission Rebate Legal in New York?

A question I frequently get from clients:  Is the real estate broker commission rebate legal in New York City? Thus, the topic of my first blog post — is the commission rebate legal? The answer is, in New York, the rebate is most definitely legal.  Section 442 of New York’s Real Property Law was amended […]

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