Fernando Branco, Real Estate Broker
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Fernando Branco Realty - 162 Huntington St, Brooklyn NY 11231
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!!! Important Greenwich Planning and Zoning - Action Needed
The P&Z has not only
brought back the previous issue that we discussed in November regarding FAR
calculations they have also proposed a new change relating to Grade Plane.
The GAR Board of Directors
believe that the far reaching impact of these changes may negatively effect
a broad section of properties; their value, use and potential. As such, the
Board unanimously agreed to take a position encouraging P&Z to delay
voting on these measures until there is greater (and clearer) public
understanding of these potential measures.
We know that you attended and
supported us in November, however, this time we need you to
actively engage your clients, your neighbors and friends to join in their
support of more transparent government.
We have put together a web
site (www.pzpetition.com) where you can sign
in your support of the following:
As a Greenwich resident I
object to the policies and practices used by the Planning and Zoning
Commission in creating new codes regulating property use. I believe that
the Planning and Zoning Commission should:
the public credible research and reporting about P&Z proposals.
specifically which homeowners benefit and which are potentially
adversely affected by these proposals.
plain language when describing zoning codes.
to the Public via televised meetings and direct mail.
input from local land use professionals before creating policy/code.
proposed policy/code changes to the RTM Land Use Committee for
not vote on any policy or code changes after 10:00 PM at public
proposed code changes should appear on the three previous agendas
before any action is taken.
I hope that you (and your
family, friends and clients) will attend Tuesday night's meeting. I believe
that we should (and will) make a difference in this process.
Thanks in advance,
Please forward this email and the information about these new
regulations and the processes currently in place to your contact lists.
There is also a paper petition that you can download and print
out to collect signatures.
Stevens President Greenwich Association of REALTORS®
April Market Reports: 3 Important Takeaways to Share With Your Clients May 30, 2019 OVER 1,000 MANHATTAN HOMES ENTERED CONTRACT IN APRIL. According to the StreetEasy April 2019 Market Reports, the New York City sales market may be strengthening. This news comes after months of weakening prices across the city, rising share of price cuts and growing days on market. Read on for three takeaways from our most recent report that will offer you and your seller encouraging signs. Nearly 1,200 Homes Entered Contract in Manhattan This April The context: The number of pending sales in Manhattan rose by 26.6% year-over-year to 1,193 in April. That marks an annual increase of more than 250 and the most homes to enter contract since 2015. Upper Manhattan saw a lot of contact activity with pending sales doubling to 132 from 66 the year before. Washington Heights and Central Harlem led the charge with 53 and 29 homes entering contract, up by 104% and 53%, respectively. The takeaway: M
Manhattan’s 2016 Narrative – 5 Main Themes to Know 2016, the year of normalization… After five straight years of progressive reflation in Manhattan residential real estate (2010-2015), buyers finally saw the leverage pendulum swing their way. Of course, just how much leverage a buyer gained still heavily depends on the price point. What’s happening at the high end is drastically different than what’s happening at the lower end. Lets discuss before the firms Q4 market reports are released. Here are the 5 themes you need to know about Manhattan’s 2016: Read more...
February 18, 2016 Q: I am a licensed real estate salesperson and I am representing a purchaser who is considering a co-op apartment in a building that has a Ground Lease. Can you please clarify exactly what a Ground Lease is? Also, are there any particular considerations that should be made before purchasing a co-op apartment in a building that has a Ground Lease? A: If a co-op building has a Ground Lease (also known as a Land Lease) it means that the co-op corporation does not own the land under the building. Rather, the co-op corporation leases the land from the owner of the land. About 100 buildings in Manhattan have Ground Leases, many of which are co-ops. Generally the terms of Ground Leases are quite long, varying from terms of 50 to 99 years. Several important considerations should be made before purchasing a co-op apartment in a building with a Ground Lease: Can the rent payable by the co-op corporation increase during the term of the Ground Lease? If the re