NYC Real Estate News by Fernando Branco, Real Estate Broker, GRI, ABR, CNE - Fernando Branco Realty

Here are your New Year’s Eve street closures for Times Square Everything you need to know about the ball drop Where to watch New Year’s Eve fireworks in NYC Four alternatives to spending New Year’s Eve in Times Square or stuck at home. Downtown Brooklyn may sprout 942-foot tower The development as planned would be the densest in Brooklyn. Historic Clinton Hill carriage house with massive backyard wants $3.4M The three-level home, located at 314 Waverly Avenue, could use a modern makeover, but there’s plenty to work with. 4 open houses in Clinton Hill to check out this weekend If your’e looking to buy in the neighborhood, here’s a few places worth considering Here are your New Year’s Eve street closures for Times Square Everything you need to know about the ball drop Everything you need to know about getting around NYC this New Year’s weekend Major changes coming to New York’s streets, subways, buses, and more THINKING ABOUT SELLING AND/OR BUYING IN

The most beautiful NYC homes of 2018 When it came to beautiful listings this year, New York City did not disappoint. From celebrity homes to historic townhouses to opulent penthouses, these are the 10 homes that made us say "wow!" in 2018. NYC’s best new architecture of 2018 Take a trip through the year in architecture 432 Park’s 95th-floor penthouse now split into two $41M listings The 95th-floor penthouse first appeared in 2016, asking $82 million; now, it's returned as two apartments. Billionaire producer Sidney Kimmel lists expansive Central Park South spread Billionaire philanthropist and film producer Sidney Kimmel, who cultivated his fortune as the founder of Jones Apparel Group, has  listed  his full-floor apartment at the Ritz Carlton Residences on  Central Park  South for $39.5 million NYC’s 20 most expensive homes sold in 2018 Unsurprisingly, every single home on this list is in Manhattan. THINKING ABOUT SELLING AND/OR BUYING IN

Chelsea townhouse with 8 working fireplaces wants $8M A red brick three-family townhouse along West 22nd Street, between Ninth and Tenth Avenues is  asking $7.995 million . The 4,090-square-foot home spans five floors and offers a total of eight bedrooms, five bathrooms, and eight fireplaces throughout Playwright Edward Albee’s longtime Tribeca apartment seeks $9M The award-winning writer of plays like  Who’s Afraid of Virginia Woolf?  and  A Delicate Balance  moved to a loft in a converted cheese factory on Harrison Street in 1977, and kept the apartment until his death in 2016. Now, that apartment is hitting the market for the first time Opulent Park Avenue co-ops seeking $43M can be recombined to former glory Two grand Upper East Side co-ops are being put on the market in tandem with the hope that a buyer will nab both and return them to their unified duplex glory. The co-ops at the posh Rosario Candela-designed  720 Park Avenue , built as a single massive duplex,

Legal Line Question: FinCEN, GTO and "All Cash" Transactions December 4, 2018 Q:  Can you please explain what FinCEN and GTO stand for and how they affect transactions where the purchaser is not using a lender, but rather is paying  “all cash” to purchase the property? A:  The Financial Crimes Enforcement Network (“FinCEN”) is a bureau of the U.S. Department of the Treasury.  It’s mission is, in part, to safeguard the U.S. financial systems from illicit use and to combat money laundering.  FinCEN has the authority to issue orders that impose recordkeeping and reporting requirements on institutions in particular geographic areas.  These orders are referred to as Geographic Targeting Orders (“GTO”). The most recent GTO (the “Revised GTO”) announced by FinCEN is a renewed and revised version of a GTO that requires title insurance companies to identify the persons behind entities that purchase residential real estate in certain geographic areas without a bank loan