Fernando Branco, Real Estate Broker
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Fernando Branco Realty - 162 Huntington St, Brooklyn NY 11231
Looking for the best deal in New York City? As an active member of New York Online Residential (OLR), I can help you.
I also help Brazilians relocate to Manhattan, New York!
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I will post interesting news, helpful information, comments, videos, and more about the current Real Estate markets of Manhattan, and Brooklyn, NY.
Manhattan Weekly Market Update - October 8, 2021
Weekly Manhattan Market Update - Oct 8, 2021
A weekly real-time narrative on all the talking points you need to know about the Manhattan Real Estate market as it happens. Get ahead of the curve and know what's happening with this week's market update.
This week's highlights:
Supply is on its biggest run since the reopening
Pending sales ticks lower again
The buyer discount window is open
A peek at the weekly listing flow trends
Movers & Shakers and a look at Price Action
Weekly Manhattan Luxury Market Update - Oct 8, 2021
46 Contracts were signed at the $4 million and above, which is more than double last week's number of contracts signed.
- 32 Condo Units with an average asking price of $6,9M and average $/sqft of 2,743;
- 7 Coop Units with an average asking price of 6,8M;
- 7 Townhouses with an average asking price of $11.4M and an average $/sqft of 1,819.
- The overall average asking price: $7,6M
- The median asking price: $5,650M
- The total average listing discount: 6%
-The average days on the market: 400
This is the largest number of contracts signed since the week of April 19th - 25th, when we had 56 contracts signed!
It is the 11th time this year that 40 or more contracts were signed at the luxury market price point.
WOULD YOU LIKE TO KNOW MORE? PLEASE CONTACT US! IT IS OUR PLEASURE TO ASSIST YOU! THANK YOU!
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