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Articles in the Brokers Weekly Category

Brokers Weekly, Featured »

[23 Apr 2014 | One Comment | ]
Scales of justice help broker find balance in work, life

By Holly Dutton
New York native Nick Athanail has always been passionate about the city and its people, and is making it his mission to help it thrive.
After growing up in Bay Ridge, Brooklyn, where his family still lives, the Corcoran broker went to NYU law school and lived in the village.
Following graduation, Athanail went into real estate and transactional corporate law for 13 years at major firms. He worked on sales and leases but the majority of his work was big corporate transactions, which he considered “boring” compared to his …

Brokers Weekly, Featured »

[23 Apr 2014 | One Comment | ]
Real estate back as go-to career as market rebounds

By Holly Dutton
Sales volume and market confidence are drawing more professionals to the residential real estate world, according to industry experts.
In the past year, the number of new and renewed licenses in New York State has risen by 4.8 percent for salespersons and 15.2 percent for brokers, according to statistics from the New York Department of State.
Citi Habitats president Gary Malin said he has seen an increase in inquiries for positions at his firm, though the brokerage has always been actively recruiting.
“There are not a ton of regular jobs being …

Brokers Weekly, Construction & Design, Featured »

[21 Apr 2014 | No Comment | ]
Massive Astoria Cove development starts public review process

A plan to build a massive waterfront apartment development in Astoria was certified by the City Council today (Monday).

If the 1,700-unit Astoria Cove project makes it through the public review process, shovels could be in the ground by 2016, according to developer, 2030 Astoria Developers, a joint venture led by local businessman John Mavrousdis.

Brokers Weekly, Photo Gallery »

[18 Apr 2014 | No Comment | ]

Photos by Syd London
Tom Postilio and Mickey Conlon, stars of HGTV’s Selling New York and leaders in New York real estate with CORE hosted the  Bailey House Gala & Auction at Pier 60 at Chelsea Piers on March 27. The Gala honored the heroism of individuals and organizations that help further the Bailey House mission of providing housing and services for people living with HIV/AIDS and advocating on their behalf. Honorees included: Jason Sheftell, a respected real estate correspondent who changed hearts and minds through his moving articles about Bailey …

Brokers Weekly, Featured »

[14 Apr 2014 | No Comment | ]
The best back yard in America

When you put a trio of real estate’s most revered companies together on a project, expectations run high. Add to that what is arguably one of the best sites on New Jersey’s Gold Coast, folk are looking for unparalleled.
There is no doubt that Hartz Mountain, Mack-Cali and Roseland Properties have hit the bullseye with their three-building Estuary in Weehawken’s Lincoln Harbor.
Over 60 apartments were leased on the first day that the 582-unit property opened last month. The cheapest was a 500 s/f studio at $1,875 a month, but according to leasing manager Kimberly Hults, it was the three-bedroom apartments, which run from $4,500 to $5,200, that were snapped up first.

Brokers Weekly »

[10 Apr 2014 | No Comment | ]

Developer Sherwood Equities has announced the completion of main foundation work for a new condominium development in the High Line community in West Chelsea.
Designed by Kohn Pedersen Fox Associates (KPF), under the direction of Paul Katz, 500 West 21st Street will offer 32 one-to-four bedroom apartments featuring views of the High Line, the General Theological Seminary and the Empire State Building.
500 West 21st Street will have a garden designed by TriBeCa-based Rees Roberts + Partners, LLC, that will include 40 ft. high trees and layers of mature foliage.
“We are creating …

Brokers Weekly »

[10 Apr 2014 | No Comment | ]

Harlem’s newest condominium, 305 West 150th Street, is a revitalized, seven-story pre-war residence newly-renovated as the latest addition to the Park Collection, a residential portfolio that celebrates Harlem style.
In addition to high ceilings characteristic of prewar buildings, solid oak floors and crown molding, it is situated along a tree-line promenade, facing Jackie Robinson Park.
“305 West 150th Street offers great appeal to buyers seeking beautifully-appointed homes in Manhattan, at affordable prices,” said senior managing director Charlie Lewis, of Warburg Realty Partnership, which is spearheading the sales and marketing of the project.
“And …

Brokers Weekly »

[10 Apr 2014 | No Comment | ]

Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of Realtors.
NAR’s 2014 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2013, shows vacation-home sales jumped 29.7 percent to an estimated 717,000 last year from 553,000 in 2012.
Investment-home sales fell 8.5 percent to an estimated 1.10 million in 2013 from 1.21 million in 2012.
Owner-occupied purchases rose 13.1 percent to 3.70 million last year from 3.27 million in 2012. The sales …

Brokers Weekly »

[10 Apr 2014 | No Comment | ]
DONE DEALS: International incident

A modern one bedroom Chelsea condo sparked a bidding war among a gaggle of foreign investors.

Hadi Abillama, an agent at Coldwell Banker Bellmarc, said his $755,000 listing at 555 West 23rd Street immediately drew the attention of cash buyers from around the globe.
The 511 s/f condo is “bright …fully-equippedˮ with “a northern view of Chelsea’s skyline.ˮ Perks of the building itself include a resident’s lounge, rooftop deck and courtyard.

Brokers Weekly »

[10 Apr 2014 | No Comment | ]
Have you heard…

Fund manager Zbigniew Ryzak has paid $4.125 million for an apartment in the infamous 455 Central Park West, city records show.

Ryzak will be sharing the building with a few dozen well-heeled residents, and possibly a ghost or two. The eerie, castle-like building on Central Park West and 106th Street has long been rumored to be haunted.

Built in the late 19th century, the building served as a cancer hospital and later as a nursing home, before falling into a state of vacant decay. Chicago developer Daniel McLean bought the building in 2000, added a 25-story tower to the site, and turned the whole thing into a luxury condo.

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