The Real.Est List
- StreetNoise
The mid-lease rent hike, the most important accessory for your million dollar apartment, and more
by Sara Alessi | 5/16/13 - 8:56 AM- StuyTown renters get mid-lease rent hikes up to $1,100/month (NY Daily News)
- This is why the most important thing to buy when you move into a million-dollar apartment is blinds (NY Post)
- New in town? Stealing papers and not holding the elevator are just two ways to tick off your neighbors/fellow New Yorkers (BuzzFeed)
- Why you shouldn't snap that listing photo til your dog is out of sight (Wall Street Journal, The Real Deal)
- Legal questions aside, Airnb may generate $1 billion this year in NYC's economic activity (Crain’s; previously)
- Greenpoint’s thriving; not so, the G trains (Crain’s)
- If there’s mold in your building, it’s the co-op board’s responsibility to check it out (Habitat Mag)
- Generation Y, you may want to extend that lease by, oh, 50 years or so (WSJ)
- Want to invest in NYC real estate? Crowdfunding opens the field to the masses...starting with Brooklyn (NY Times)
- You’re not the only one struggling to get the asking price on your apartment -- Ben Stiller’s sold at a near $1m loss (NYC Co-op Apartment Sales)
Your Celebrity Neighbor: Tory Burch
by Sharon Krum | 5/15/13 - 2:39 PMWHO: Starting at her kitchen table, Tory Burch built a fashion company now worth $3 billion. Who says women can’t kick ass in business?
WHERE: The CEO and designer of the "Tory Burch” brand lives in an apartment inside the Pierre Hotel at Fifth Avenue and East 61st Street. We're guessing that the annual tab for that is, oh, a touch higher than the median Upper East Side rental price of $2,800, as calculated by StreetEasy.
Your Celebrity Neighbor is a weekly heads-up on the A-listers who call your neighborhood home and (in theory) shop the same Duane Reade as you.
- Real.Est List Spotlight Gallery
Uprise Art: Making art collection more affordable and accessible for New Yorkers
by Leah Hochbaum Rosner | 5/15/13 - 12:23 PM
Summer Girls 1 by Leif Huron, a New York-based photographer, is one of a few hundred original artworks currently available for purchase ($1,250, or $50/month) on Uprise Art.
Shortly after graduating from Columbia University in 2006, Tze Chun noticed a strange phenomenon among her friends: Even the ones pulling in six-figure salaries had nothing on their walls but ripped movie posters, if anything.
An art history major who longed to make the sometimes daunting art world more accessible for the younger generation, Chun understandably found this irksome. So she decided to do something about it, founding Uprise Art—the focus of this week’s Real.Est List Spotlight Series—an online gallery where buyers can shop for contemporary, original artwork, then set up an account that allows them to purchase pieces over time through monthly installments.
- Confessions of a Neighborhood Blogger
"I Love Franklin Avenue": A blogger's-eye-view of the Cobble Hill/Williamsburgzation of Crown Heights
by Julie Inzanti | 5/15/13 - 11:10 AMNick Juravich moved to Crown Heights in 2008 to work as Brooklyn Coordinator for the New York Road Runners' Mighty Milers Program, a youth health and fitness program. That job had him walking, running, biking, and riding subways all over Brooklyn, and he started a blog--I Love Franklin Avenue--as an effort to make sense of his new home.
In 2010, Juravich left NYRR to pursue a PhD in U.S. history at Columbia University, where he is now writing on the history of community activism, education and labor in New York City in the 1960s and '70s.
He narrowed the scope of his blog from a general overview of not only Crown Heights but all of the surrounding areas and Brooklyn in general to hyper-local community events, neighborhood change, and local issues in western Crown Heights, where Franklin Avenue is the main commercial strip.
Room for Improvement: A kitchen that makes sense, cheaper parking for residents and more
by Mayra David | 5/15/13 - 8:57 AMExpensive parking, overheated bedrooms, and kitchens that don’t make sense for the act of cooking. Five New Yorkers share their apartment-life wants:
- Cheaper parking: I wish there was some kind of discount in the parking fees for building residents. I pay over $400 dollars for parking my car in a garage. After six months it still feels like highway robbery. - Victor, Financial District
- A kitchen for sane people I wish I could totally re-do my (rental) kitchen and make the layout make sense! There is no place to put a garbage can unless I put it in the hall way or in the dining area. The drawers for cutlery have been positioned above eye level and they only pull out halfway! The only counter space I can work on is as big as a cutting board next to the sink. There’s no place to add a butcher block or any extra storage since the kitchen is in a narrow alcove that opens onto the narrow hall way where we need to walk. There had to have been a better way of designing this. -Sally, Harlem
Ask an Expert: My co-op needs cash. What's the least painful way to get it?
by Teri Karush Rogers | 5/14/13 - 2:21 PM
Is your building cash-poor? Consider selling off pieces of the roof for residents to use as private outdoor spaces.
Q. My co-op building has been hit hard in recent years by property taxes on top of a huge elevator replacement project. Our maintenance charges are already on the high side and we are trying to avoid another increase or an assessment.
Can you suggest some other alternatives for raising money that would be less painful?
For example, one idea that has been suggested is dividing up our undeveloped roof area and selling it to shareholders.
A. You're on the right track, say our experts, who shared some common and not-so-common ways co-ops and condos are building up their coffers nowadays.
The StreetEasy Hot Dozen: 12 rentals that may or may not be available by the time you read this
by Alex Hughes | 5/14/13 - 11:36 AM
On the Lower East side, $2,495/mo gets you two bedrooms, a sparkling white bathroom and a washer and dryer in this rental at 172 Rivington Street and Clinton Street. Or it would have, if someone hadn't already snapped it up.
What can $2,500 a month get you in Manhattan? Three diverse apartments within $25 of that magic number made it into this week's Hot Dozen--the 12 rental apartments Streeteasy.com visitors clicked on most often over the past seven days.
Here's the scoop.
How to buy a NYC apartment: The international edition
by Mayra David | 5/14/13 - 8:58 AM
Photo Credit / Djibouti
Buying an apartment in NYC is challenging enough for the natives, which is the raison d'etre for BrickUnderground's popular How to Buy a NYC Apartment guide.
If you're a foreign citizen, however, things get even trickier. We suggest beginning with a close reading of the above guide to build a basic understanding of how the real estate game is played here.
Then keep in mind some additional provisions that apply to you as an international buyer:
1. Forget co-ops (for the most part)
Never say never, but generally speaking, foreign buyers will find it difficult to buy in a co-op versus a condo building.
(Why should you care? For one thing, although they tend to be more modern, condos cost around a third more than co-ops.)
Are you a real New Yorker? Here are 12 ways to tell
by Alana Mayman | 5/13/13 - 2:00 PMYou may pride yourself on your Wikipedia-like knowledge of the best/worst rooftop bars and smartest/dumbest places to hail a taxi at rush hour, but you're not really a New Yorker until you pass through the Five Stages of Real Estate Grief (denial, anger, bargaining, depression, and acceptance)...and the following NYC real estate truths no longer shock you:
- You may be an adult with no curfew, but your doorman will always judge you for coming home late/drunk/both.
- The super expects a holiday tip even though you haven't seen him since last Christmas and Task Rabbited your clogged sink last week.
- The neighbors you can see walking around naked in their apartment are rarely the ones you want to see naked. Ditto the ones you can hear having sex.
The Open House Scorecard: Mom wasn't the only hot ticket this weekend
by Sara Alessi | 5/13/13 - 11:39 AM
The wall of windows in the living room of this $800k two-bedroom, two-bathroom condo in Park Slope provides skyline views of Manhattan from Wall Street to the Empire State Building, and the private balcony offers harbor views.
Whether you like to gaze out over peaceful gardens, green parks or the city skyline, there’s a view for you in this week’s Open House Scorecard--the 10 open houses those browsing StreetEasy this weekend saved to their open-house planners more often than any others this weekend.
An $800k two-bedroom, two-bathroom condo on Fifth Avenue and 13th Street in Park Slope offers skyline views of the city from Wall Street to the Empire State Building from a wall of windows in the living room (pictured at left), as well as harbor views from the private balcony.
- Sponsored by Gotham Brokerage Co., Inc.
5 reasons to get apartment insurance if you have outdoor space
5/13/13 - 10:38 AMWhether it’s a roof deck, terrace, patio or backyard, private outdoor space is among the most coveted amenities in New York City real estate.
But along with the fun, sun (hopefully) and bragging rights, an outdoor space of one’s own presents some additional risks to property and people.
"Fortunately, areas immediately contiguous to your apartment are generally considered part of your apartment for insurance purposes," says New York City apartment insurance broker Jeff Schneider of Gotham Brokerage.
Here are a few outdoor perils that, if they happen to you, will make you glad your co-op, condo or renter’s insurance is up to date.
How to win a bidding war, your dog may be medically necessary, and more
by Lucy Cohen Blatter | 5/13/13 - 8:56 AM- When faced with a bidding war: Buyers should stretch budgets, sellers should ask for best and final sealed in an envelope, and other tips (NY1; previously)
- ...such as, forget about bidding over asking price--a non-contingent offer is what'll seal the deal (New York Times)
- More than an "emotional support" pet, your dog may be medically necessary (New York Times; previously)
- You must make at least $73,000 a year to afford "affordable" housing in TriBeCa (CurbedNY)
- Advice for when balconies (or neighbors with balconies) go bad (New York Post)
- Looking for more reasonable rent? Head uptown. Downtown rents are highest, with a median of $4,149 (Elliman report)
- Upsides to living high in the sky: great views, peace and quiet. Downsides: price, cell service, an ever-looming threat of power outages (New York Times)
- Hide your daughters, a Barbie dreamhouse could be coming to NYC (NY Observer)
- "If you take anything at face value in the New York City apartment-search hunt, you've lost the race before it even started" (NY Magazine, DNA Info)
No-Fee Apartment of the Week: $3,250 two-bedroom in Crown Heights
by Lucy Cohen Blatter | 5/10/13 - 12:58 PM
This $3,250 two-bedroom in Crown Heights has got condo-like amenities. Just check out that kitchen.
This brand-new construction in Crown Heights features 14 units, including this $3,250 two-bedroom (note: that's the net effective rent, taking into account that one month is being offered free).
Pros: The newly built apartments have condo-like amenities, and all units have central A/C, a washer-dryer, stainless steel appliances (including a dishwasher), designer kitchen, bathroom, and lighting fixtures. Plus, as stated above, they're offering one month free rent.
Cons: Though it's far from tenement-style, the building is a walk-up.
- Transitions
Lower East Side to Williamsburg: Add the (soon-to-open) Whole Foods, and this neighborhood will be perfection
by Quinn Asteak as told to Mayra David | 5/10/13 - 11:24 AMAfter three years living on the Lower East Side with a roommate, I needed my own space. It was just time to move on to bigger and better things. Specifically, a bigger and better kitchen. I’m a personal chef, so a nice, spacious kitchen in which to prepare meals is pretty important. That, and I really wanted to live in Williamsburg.
I had been thinking about the move for a while and did a lot of research about what I could get for my money in Williamsburg. But the search itself hardly took any time at all. It all just came together very quickly.
Within hours of telling my roommate that I was ready to move out, I ran into a friend who happens to be a real estate broker. Right away, he set me up with someone from his company to take me out to see apartments.
StreetEasy’s Most Wanted: Who says three’s a crowd?
by Sara Alessi | 5/10/13 - 8:58 AM
If you’ve got a growing brood, you’ll be glad to know there are two more bedrooms in this $875k Park Slope co-op...and no underlying mortgage.
Families with big broods seem to have been on the hunt for apartments this week, as StreetEasy’s Most Wanted--the 10 sales listings those browsing StreetEasy.com this week saved more often than any others--is populated by an assortment of three-bedroom and could-be-three-bedroom apartments across the city.
An $875k three-bedroom, one-bathroom (perhaps you can anticipate some morning traffic jams?) co-op on President Street, between Fifth and Sixth Avenues, in Park Slope is versatile in that the third bedroom could also work as a home office. The floor-through is finished with prewar details such as crown moldings, pocket doors and a working marble fireplace in the living room and a decorative one in the master bedroom. Each bedroom has a closet, on top of two additional closets within the unit and one in the hallway just outside. The walk-up building has relatively low maintenance at $650/month, no underlying mortgage or flip tax, and a shared garden.











