Explore Manhattan, NY

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 0
BROADWAY MALLS: The Centerpiece of BroadwayFrom 60th Street to 168th Street, lies a history filled median of greenery and flowers called The Broadway Malls. The Malls were established in 1904 and have been a New york City park since 1904. Having lived on Broadway for the past 15 years, I've often...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 1
                                                    The Taxpayer Relief Act of 1997 - signed into law by President Bill Clinton together with the Balanced Budget Act of 1997 is probably the most significant change in recent times affecting real estate. This law made some major improvements for Ho...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 5
  In real estate it is very difficult to time the market. Markets go in cycles there are tops and bottoms. Bottoms are usually created by pessimism and negativity. Tops are created by “irrational exuberance"   To quote Jim Cramer on CNBC's Mad Money “Bears make money – Bulls make money but Pigs g...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 4
                   455 Central Park West "The Castle" From A Cancer Hospital Built In 1887 To Luxury Condos Today - No Corners For Germs In Sunday’s New York Times real estate column Big Deal by Josh Barbanel there’s an item titled Five Turrets, No Dungeons about a couple that recently bought and...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 15
The Ansonia - Upper West Side - 2109 Broadway    When The Ansonia opened in 1904 it was called: "the most technologically advanced apartment house in the world" Loaded with towers, mansard roofs, ornate balconies, balustrades, and bay windows, the Ansonia is easily Broadway's most opulent struct...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 5
                                                                        I woke up this morning to a beautiful September day. Not a cloud in the sky. The moon is visible. It is a little more brisk than the summer like day 5 years ago that changed all of our lives. I remember that day like it was y...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 6
My company recently expanded one of our offices and made it our corporate headquarters on Madison Avenue. Our commercial division along with executives, administrative, marketing and our east side agents are located in this beautiful office space.I recently received an email from the President of...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 8
During this past year the rental market in Manhattan has become very tight. Rents are soaring, multiple applications and even bidding wars have been going on. Many buyers gave up on buying and decided to rent instead.Flash back 3 years ago. Landlords were offering 1 -2 months free rent, paying br...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 2
Rendering of Hudson Yards  http://www.nyc.gov/html/dcp/html/hyards/hymain.shtml There is one last frontier available in Manhattan - Hudson Yards, the underutilized area bounded roughly by West 42nd Street and West 30th Street, Eighth Avenue to the Hudson River. 360 acres. The Hudson Yards is owne...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 5
The other day I was discussing a building's financials with a buyer. When a buyer makes an offer it is normally the procedure for a seller or seller's agent to provide the buyer or buyer's attorney with the last two years financials.Every building has an audit from an independent accounting firm ...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 3
        In May 2003 a study was conducted by Michael H. Schill, director of the Furman Center for Real Estate and Urban Policy at New York University; Jonathan Miller, president of Miller Samuel, millersamuel.com a leading Manhattan appraisal company; and Ioan Voicu, a research fellow at the Furm...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 29
The flip tax is a transfer fee that many new york coops and condos impose on shareholders and owners. In the early 80's when many rental buildings converted, huge profits were being made by former renters who bought their units at inside prices and then resold them. Called "flipping" The boards d...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 10
A co-op is a form of home ownership that is different than owning real property such as a condo or a house. In a coop each unit is allocated shares. The purchaser buys the shares in the housing corporation. Co-ops are corporations with a board of directors and shareholders. Coops are unique to NY...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 8
50 West 86th Street Tom Cruise has been on the news and in the papers these past few days for being fired by Paramount pictures for jumping on Oprah's couch and talking about Scientology. Since this is a real estate blog I won't comment on that. However I will comment about the building that bot...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 17
 THE DAKOTA 1 West 72nd Street  at Central Park West  In 1884, the New York Daily Graphic called it: "one of the most perfect apartment houses in the world" Today more than 100 years later, the Dakota still has fabulous apartments and magnificent views. Some of The Dakota's most famous former and...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 6
I've been reading many posts about Open Houses, I can see why they might not be effective in many markets.In Manhattan we do not have lock boxes or keys available to show a property. In Manhattan the listing agent is almost always present during a showing. An appointment has to be made with the L...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 0
In Sunday April 20, 2006 New York Times Real Estate section the feature story By Vivian S. Toy is titled                     Lets Make A Deal.  http://www.nytimes.com/pages/realestate/index.htmlIt has a picture of an apartment with a divider down the middle called asking price and a buyer and sel...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 5
The current issue of New York Magazine has an all blue cover with a photo of the top of the twin towers at the bottom. In the middle of the page in white type it reads: WHAT IF 9/11 NEVER HAPPENED? On the top of the page in light blue it reads: FIVE YEARS LATER. In the right bottom corner it read...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 2
Before you come to love Manhattan, you must understand our peculiar housing market. Manhattan is a unique place in the real estate universe. Not only does it have a large rental market (75% of the available housing units vs. about 5 - 10% in other markets), but it has ownership and other importan...

By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
(Compass)
Comments 3
I attended a presentation from brokers marketing a new condo with anticipated closings starting March 2007. They are requiring 10% deposit with signing and another 10% in 90 days. No financing contingencies.When asked why they responded "the developer felt less buyers would walk with 20% invested...

Manhattan, NY Real Estate Professionals