Sunday, September 29, 2019

Some of NYC's most stunning homes

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Two sky-high Hudson Yards penthouses list for $59M

The penthouses sit close to the top of Hudson Yards’s tallest residential tower
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Elegant Cobble Hill townhouse with private roof deck wants $5.4M

The house has several charming, rustic details
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Stately turn-of-the-century Prospect Park West home wants $5.895M

The historic house has multiple green spaces
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Lovely, historic Bed-Stuy home with big backyard wants $2.695M

The Neo-Grec-style townhouse also has a cedar deck
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For $699K, a Brooklyn Heights co-op with sleeping loft

The charming apartment is located in prime Brooklyn Heights
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Historic West Village townhouse with adjacent carriage house wants $8M

The houses are connected through a garden


DO YOU HAVE A REAL ESTATE QUESTION? NEED HELP BUYING OR SELLING YOUR REAL ESTATE ASSET?

CALL / EMAIL ME! I'M HERE FOR ALL YOUR REAL ESTATE NEEDS!

C: 212-321-0115

E: NYCTREALTY@GMAIL.COM

Fernando Branco, GRI, ABR, CNE
Lic. Assoc. Real Estate Broker
Residential Real Estate
Commercial Sales & Leasing 
Graduate Realtor Institute (GRI) 
Accredited Buyer Representative (ABR) 
Certified Negotiator Expert (CNE)
R New York
641 Lexington Ave, NY NY  10022

c: (212) 321-0115
e: fbranco@weRnewyork.com
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Working by referral. Let me help you find a home too!!
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Wednesday, September 25, 2019

A Timeline Estimation of a Coop Real Estate Transaction From Offer to Closing

Client's Email & Question:
"Hi Fernando,

  Thank you very much for showing us the 2 apartments today.

  Sviatlana and I discussed our options this evening based on what we saw and decided that we'll wait until the end of April to bid on an apartment in the $1.4MM range in the hope that we can get something larger and in better condition.

  We liked both apartments today but think we'd have trouble with the small kitchens and small bathrooms in both. And we could use a little more space overall.

  If we're aiming to submit a board package at the end of April, when would it make sense for us to start spending more time on our search? Perhaps early next year?

Best,
--
Dimitris"

Fernando's Reply: 

"Good evening, Dimitris & Sviatlana. 

Thank you. It was a pleasure to meet you, Sviatlana & litle Sasha. 

Here's an estimate of a transaction timeline for you. 

1) From making an offer to having an accepted offer: 1 week

2) Contract (due diligence / discovery phase / signing of contract) phase: 5 - 12 business days

3) Preparing the package & also securing a mortgage commitment (filling up docs / submitting supporting docs for mortgage & board package / assembling board package / waiting for mortgage commitment letter / submitting Board package): 4-8 Weeks

4) Review & partial approval of board package / invitation for interview: 4-6 weeks

5) Interview & board response to the application: Less than 1 week

6) Notice to closing till closing: 1-2 weeks. 

So if everything were to go nice, straightforward and fast I'd say 6 weeks from starting an offer, to be ready to submit a board package with a mortgage commitment, but that is in a very fast. 

That being said there are a few things to keep in mind: 

- You can't be sure you will find the right place immediately when you are ready to make your move. 

- I would say that we should step up our efforts with the property search right after the Holidays.

- But, I would also like to mention the value of being aware and educated about how your market is behaving. I will start a search based on the criteria we discussed, and I will create an online listings portfolio for you. I believe it would be a great idea for us to keep an eye on the listings (and their prices) from now till then, and definitely go tour the ones you find potentially suitable. 

What are your thoughts about this? 

Warm regards, 
Fernando" 


DO YOU HAVE A REAL ESTATE QUESTION? NEED HELP BUYING OR SELLING YOUR REAL ESTATE ASSET?

CALL / EMAIL ME! I'M HERE FOR ALL YOUR REAL ESTATE NEEDS!

C: 212-321-0115

E: NYCTREALTY@GMAIL.COM

Fernando Branco, GRI, ABR, CNE
Lic. Assoc. Real Estate Broker
Residential Real Estate
Commercial Sales & Leasing 
Graduate Realtor Institute (GRI) 
Accredited Buyer Representative (ABR) 
Certified Negotiator Expert (CNE)
R New York
641 Lexington Ave, NY NY  10022
c: (212) 321-0115
e: fbranco@weRnewyork.com
Facebook Twitter LinkedIn Blogger Facebook Page Google Plus Google Plus Page 
Working by referral. Let me help you find a home too!!
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Wednesday, September 18, 2019

NYC’s Supertall Skyscraper Boom, Mapped

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NYC’s supertall skyscraper boom, mapped

These 20+ skyscrapers will forever alter the New York City skyline


DO YOU HAVE A REAL ESTATE QUESTION? NEED HELP BUYNG OR SELLING YOUR REAL ESTATE ASSET?

CALL / EMAIL ME! I'M HERE FOR ALL YOUR REAL ESTATE NEEDS!

C: 212-321-0115

E: NYCTREALTY@GMAIL.COM

Fernando Branco, GRI, ABR, CNE
Lic. Assoc. Real Estate Broker
Residential Real Estate
Commercial Sales & Leasing 
Graduate Realtor Institute (GRI) 
Accredited Buyer Representative (ABR) 
Certified Negotiator Expert (CNE)
R New York
641 Lexington Ave, NY NY  10022
c: (212) 321-0115
e: fbranco@weRnewyork.com
Facebook Twitter LinkedIn Blogger Facebook Page Google Plus Google Plus Page 
Working by referral. Let me help you find a home too!!
Picture