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How To Prepare For 2015

20 November, 2014 posted by: Martin Eiden

Facade2

Last night I held a seminar for anyone considering in buying or selling in 2015 at the CORE Chelsea office.

The speakers, crowd and overall energy were all great. To sum it up, it was an exchange of honest, direct information in an open, caring setting…not usually  what first comes to mind with the topic New York  Real Estate. The takeaways:

Real Estate Market, by yours truly:

  • Manhattan used to be described as uptown or downtown. Now it is subdivided by neighborhood, property ownership-type and level of fit and finish.
  • Brooklyn is the new downtown Manhattan and recognized worldwide as brand of cool. As such, the neighborhoods of Williamsburg, Dumbo and Brooklyn Heights are now more expensive than many Manhattan neighborhoods.
  • Queens is the new Brooklyn. The city is planning to rezone the wide boulevards of Queens for medium density housing. A new development, the Aston, is selling 1-beds $625,000-$800,000.

Read the rest of this entry »



 

Post-Graduate Life, the Arts and Winter (The Dog)

23 October, 2014 posted by: Shaun Osher

Welcome to Ten, CORE founder and CEO Shaun Osher’s rapid-fire interview series with prominent CORE figures. Read on to find out how this week’s subject deals with being on the hot seat.

McKenzie Foster has quickly begun to move up the ranks as one of CORE’s youngest agents. Getting an early start in the industry, her talents go beyond just real estate, making her a quintessential Jack of All Trades. Here are McKenzie’s answers to Ten questions.

1. What did you do before you found this career? McKenzie Foster TEN
Real estate is actually my first career and I always knew this was the industry I wanted to be in. I started working in commercial real estate in high school, got my license when I was 18 and have been working in real estate ever since. It’s really what I love to do.

2. What has been the highlight of your career?
I can’t say the highlight of my career has happened yet, but it will soon, and it will be big!

3. What is your greatest daily challenge?
For me, there is a lot of day-to-day commotion in this business, so I just have to constantly remind myself of the big picture and continue to work towards my long-term goals. Also, leaving my apartment with everything I need for the day is a major challenge and pretty much impossible for me.

4. Where do you see yourself in 10 years?
I see myself successfully selling and investing real estate in New York, writing history books and living it up in a loft with my Shiba Inu, Winter. I hope to have a vacation home where I can swim and enjoy nature on my time off.

5. Where do you find inspiration?
I find inspiration when I go to the studio, put on music and just dance for several hours. It doesn’t matter if I am wearing point shoes, sneakers or just barefoot– it’s when I am the most relaxed and feel the greatest sense of freedom. Read the rest of this entry »



 

Embracing Development on Renwick Street

20 October, 2014 posted by: CORE

salesWindows6

The Wall Street Journal featured a profile on the long-hidden block of Renwick Street, a single block situated between Spring and Canal Street’s in Hudson Square. Home to four new developments under construction, Renwick Street’s storied history as a location for a number of horse stables has recently undergone a business and residential face lift, as the neighborhood experiences a new wave or development and growth. “I would venture to say that Renwick Street is probably the most changed block in New York City,” says CORE CEO Shaun Osher. At the forefront of the neighborhood’s latest residential development, CORE is managing the sales and marketing efforts at 15 Renwick, a 31-unit residence slated for completion in 2015.



 

Notes from the Field: Navigating Manhattan’s Real Estate Market

14 October, 2014 posted by: Keren Ringler

BusinessWeek

Photo courtesy of Bloomberg Businessweek

With New York ranked as the world’s most coveted location for real estate investment, I have personally witnessed a seemingly historic influx of international buyers vying to get in on the city’s frenzy of real estate activity. Considering the complexities and local nuances associated with buying in Manhattan, overseas buyers are sometimes caught off guard by the process of buying in the city. After several years of working in this market, there are five primary areas of consideration foreign buyers should take into account when looking to purchase a home or investment property:

Read the rest of this entry »



 

Real Estate.Vision 2014

09 October, 2014 posted by: Patrick Lilly

In 1996, I attended my first real estate conference during the early stages of my career. After steadily growing my business and learning a great deal of information at these events, I spoke at and helped facilitate several national conferences. While developing a secure network of successful agents nationwide through the help of these meetings, I was inspired to create the Real Estate.Vision conference, with its inaugural event held in New York City just last year. Last weekend, on October 1st, Real Estate.Vision hosted its second annual conference in Burlington,VT, a three-day event attracting almost 200 top-tier real estate professionals from across the country, discussing everything from social media implications in real estate to best practices for industry professionals. As we embark on the early planning stages for next year’s conference, please enjoy a recap of this year’s conference, showcasing some of the highlights from last weekend.



 

Ten: Armen Meschian on His Musical Alter Ego and Lebanese Fare

08 October, 2014 posted by: Shaun Osher

Welcome to Ten, CORE founder and CEO Shaun Osher’s rapid-fire interview series with prominent CORE figures. Read on to find out how this week’s subject deals with being on the hot seat.

Born and raised in Yerevan, Armenia, Armen Meschian’s journey to the Big Apple was unconventional to say the least. In search of his true passions, his unique career path ultimately led him to a fulfilling career in real estate, where he has developed into one of Queens’ most successful and insightful brokers. Here are Armen’s answers to Ten questions:

1. What did you do before you found this career? Armen Meschian TEN
Before I pursued a career in real estate sales, I was a full-time musician for about three years and an engineer/owner of a recording and multimedia studio. My music career came on the heels of working in the banking industry for over a decade, which supported my musical ambitions. These were the ambitions which originally led me to move to New York.

2. What has been the highlight of your career?
While attending my continuing education classes, realizing that I had been involved in transactions with over 60% of the people I was surrounded by was definitely a memorable moment in my career.

3. What is your greatest daily challenge?
Time management. It’s an imperative skill to have, as I strive to make my clients feel like they are a priority. It’s important for me to properly allocate my time, especially in this fast-paced business.

4. Where do you see yourself in 10 years?
I’m certainly looking forward to being at my son’s high school graduation, for starters. I also envision myself continuing to thrive as a New York real estate professional.

5. Where do you find inspiration?
In my two children – Matteos, who just turned seven, and my daughter Sarine who is about to turn five. Read the rest of this entry »



 

“Brooklyn is a Feeling” According to Doug Bowen

02 October, 2014 posted by: CORE

As a top Brooklyn broker and expert, CORE’s Doug Bowen thrives in residential real estate marketing, having transacted several record-breaking deals throughout the borough in last 12 months. Directed by Stephen Penta, “Brooklyn is a Feeling” chronicles Doug’s transition from movie set builder to one of the area’s most sought after brokers. “I made it a point to focus on townhouses and I made that decision because of my true love affair with these properties,” he says.

Read the rest of this entry »



 

What’s Happening in NYC in the Month of October

01 October, 2014 posted by: CORE

Central Park Pumpkin FestivalPhoto courtesy of NYCgo.com

As today marks the first day of October, New Yorker’s are now embracing for the start of the Fall season. Despite the cooling weather, Manhattan is still gearing up for an exciting month ahead, with several events planned over the next several weeks. Courtesy of CORE’s Patrick Lilly Team, here is a roundup of some of the best events taking place during the month of October. Read the rest of this entry »



 

The Evolution of NoHo

30 September, 2014 posted by: Adie Kriegstein

tumblr_lbzm48Zfhh1qdxummo1_1280Image courtesy of Flickr

NoHo, the once gritty area just North of Houston Street, has become home to some of the city’s most sought-after real estate. An established historic district, NoHo offers residents a vibrant lifestyle that is both funky and chic, with a number of restaurants and high-end shops throughout the small neighborhood.

NoHo extends north from Houston Street to East 9th Street, and east from Broadway and Mercer Street to Lafayette Street and the west side of Cooper Square. The historic district includes approximately 125 buildings, representing the history of Manhattan’s early commercial industry from around 1850 to 1910, when the area prospered as one of the nation’s major retail and wholesale dry goods centers. Many of these buildings have been converted for residential use, and block-by-block, more buildings are either being converted or new ones are rising that blend in with the surrounding architecture. Read the rest of this entry »



 

The Rubin Report: Mid-Range Luxury Homes

25 September, 2014 posted by: Michael Rubin

LR

For the past several years, New York City has seen an incredible boom in ultra-luxury properties. Today, however, I would like to focus on another segment of the market that holds a great deal of opportunity for buyers today. Priced between $2.5 and $5 million, these mid-range luxury homes are also in high demand.

Despite this great demand, there are hardly any new mid-range luxury properties on the market. Developers continue to focus on over-the-top residences, but it is within this gap that buyers today can benefit.

Through strategic renovations and repositioning, a home’s value can be increased significantly. When house-hunting though, it is important to consider what small feasible changes can be made to increase the current net-worth. With demand for luxury residences expected to rise, now is the time to be prudent so that when the property is eventually relisted, it yields the highest return.

As an example, architect Frank Bostelmann has provided a range of insights below about how to realistically increase value in real estate through cost-effective measures. An esteemed architect known for a sophisticated approach to residential design, Frank shares some great tips that I know you will like: Read the rest of this entry »



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