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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 »



 

Ten: Talking Real Estate Law and The 90’s with Alyssa Soto Brody

24 September, 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 Miami, FL, Alyssa Soto Brody traveled to Manhattan to pursue a career in the city’s fast-paced real estate industry. With experience working in real estate law prior to joining CORE, Alyssa is no stranger to hard work. Here are Alyssa’s answers to Ten questions:

1. What did you do before you found this career? Alyssa Soto Brody TEN
I attended New York Law School, where I focused my studies in real estate transactions and litigation.

2. What has been the highlight of your career?
Selling a unit at 173 Perry Street was definitely an exciting point in my career. It was my second deal ever, and after showing the buyer 52 units in total, we finally settled on the property.

3. What is your greatest daily challenge?
My greatest daily challenge would probably be keeping my eye on the long-term goals and not sweating the small stuff. In an industry where your hard work can take months if not years to pay off, there are days where it’s easy to feel defeated. This industry is very competitive and it is a non-stop grind, so I always have to remind myself that I am fortunate to be doing what I love, even if you don’t reap the rewards right away.

Read the rest of this entry »



 

Here Comes The Inventory

12 September, 2014 posted by: Douglas Heddings

LaborDay_Inventory_01

Here we are in the second week of September and the numbers thus far are both telling and expected. Take a look at the charts shown above and below, which show an almost 5% increase in inventory in just the 5 days after Labor Day. In addition, contract signings for that same 5 day period decreased by 2%. It is too early to tell but if history does indeed repeat, we will see a continued increase in inventory and a decrease in contract signings through September. That said, contract signings in October should pick up to a considerable pace as the summer officially ends for all, children are settled into school and the Jewish holiday of Rosh Hashanah will have passed. L’shana Tovah. Read the rest of this entry »



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