Last Sunday, I read an column in the NY Times which I wanted to share. Many clients ask about co-op ownership, in particular whether they can put their shares in a trust which can be passed onto their heirs. This is a very important question and can determine whether a buyer purchases in a co-op or not. Each co-op has <READ MORE>
As time goes by, this iconic building has fewer and fewer residences come on the market, as owners are so happy to live here, they will be keeping their apartments for generations. This is a photo of the beautiful direct Central Park View from this 3 bedroom/3.5 bath residence. It even comes with a separate studio/suite. The price reflects the <READ MORE>
Developers have taken the pulse of the market and are creating buildings for two extremes: families looking for very large apartments with multiple bedrooms, and buyers looking for small apartments in full-service buildings. Studios and one-bedroom apartments represent nearly half of all condo sales in the first quarter of 2012, and three-bedroom apartments made up 20 percent of transactions, both <READ MORE>
What used to be the social center of fashionable New York, with elegant brownstones surrounding the square, is now a residential real estate revival in Madison Square Park. The neighborhoods surrounding Madison Square Park have grown tremendously after the seven-acre park underwent a $5 million renovation. The city’s “green jewel” is now overseen by the Madison Square Park conservancy. Over <READ MORE>
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