The exterior of the Chelsea building where Holly rented a studio for seven years (Photo credit: PropertyShark)
Inside Holly's former studio
Sometimes in life, everything just falls into place.
In 2003, when Florida transplant Holly found out the lease for her three-bedroom share on East 75th Street and York was expiring in a month, she desperately wanted to find a place of her own, preferrably downtown. She had just started a new job as a real estate agent at a brokerage in Chelsea and, lo and behold, her boss had a new listing: a perfect studio in a doorman, elevator building on West 13th Street and Seventh Avenue.
This Upper East Side maisonette is listed for $18.5 million, or about $6.5 million more than the last sale price. (Photo credit: Stribling)
The white oak floors have a pre-war feeling, thanks to their herringbone pattern (Photo credit: Stribling)
The seller, Gerald Erickson, added his own details to the staircase (Photo credit: Stribling)
This is one of five full bathrooms in the place; there are also two half-bathrooms (Photo credit: Stribling)
A 972-square-foot terrace feels more townhouse than condo (Photo credit: Stribling)
The carved stone trees and arched doorway blend in with other building facades on the Upper East Side (Photo credit: Stribling)
In a rising real estate market, it can be hard to tell the difference between a fair asking price and dream-on numbers. BrickUnderground periodically examines homes on the market for significantly more than their most recent sales price and, with the help of experts and the number crunchers at real estate listings and property data website Point2 Homes, we try to figure out why--or why not--the asking price is worth it.
Asking price: $18.5 million
Previous sale price: roughly $12 million (including a $112,500 storage unit)
Sure, that party-happy building was a great idea when you were in grad school, but now that you have a real job with a real salary and real hours, it's time to move. Still, that doesn't mean you want to break the bank. View apartments with broker’s fees capped at 9 percent (versus the usual 12 to 15 percent) here or hit up rental website Naked Apartments and search by “no fee” or “low-fee” to find more.
With so few homes on the market in New York City these days, it can seem like sellers have the upper hand, picking from a slew of offers and setting the agenda for any deal. But at least some of those sellers are itching to unload their properties as fast as possible, giving buyers a chance to score a deal or a speedy transaction. Here's how to find them.
Q. I’m doing a gut renovation. While I'm at it, how do I soundproof the walls, floors and ceilings?
A. Soundproofing is very, very tough. Tough enough that for the purposes of answering your question, we’re going to refer to "sound isolation," which is the process of reducing, by some degree, sound transfer from one place or structure or material to another. "Soundproofing," meanwhile, implies a complete elimination of unwanted sound and can be very difficult to achieve in most residential renovations or upgrades. It's important to keep your expectations realistic.
If you’re trying to get a home loan, you’re likely facing an avalanche of paperwork, thanks to new rules that went into effect in January. But the new rules aren’t just a headache—they also increase the pressure on borrowers to get things right the first time or risk getting turned down for a loan.
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