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Three of a Kind: Brooklyn Bound

25 April, 2013 posted by: CORE

Throughout 2012 and the first quarter of 2013, Brooklyn’s real estate market has been booming with sales on new developments, townhouses and brownstones, and practically everything in between. Below are three properties located throughout Brooklyn that can easily explain why the borough’s real estate market has hit new highs.

122 West St PHK

Where: 122 West Street, PH K
Size: 2-Bedroom/2-Bathroom
Asking: $1,500,000
Listed By: Ivana Nikolic and Winchester Brown III

Located in Greenpoint, this duplex penthouse offers a 3 terraces, one of which spans 1,000-square feet. In addition to its expansive outdoor space, we are drawn to the apartment’s beautiful open layout, architectural staircase and 42-inch fireplace. Read the rest of this entry »



 

What’s New: Designers Dream

24 April, 2013 posted by: CORE

32_DowningSt_4D_01

Despite being on the market only a few days, there has been a lot of buzz surrounding Emily Beare and Christian Rogers’ listing at 32 Downing Street. As of last week, unit 4D was placed on the market by owner and interior designer Nate Berkus. The listing, already making headlines in The Huffington Post, Forbes, AOL.com and other media outlets, is currently listed at $699,000. Featured in Oprah at Home magazine, Nate Berkus personally designed and thoroughly renovated this one-bedroom home, which is located in the West Village. This home features a renovated kitchen with new appliances, a pristine new bath with Carrera marble floors and gleaming white subway tile, vintage hardware throughout, custom wire-glass doors which separate the bedroom from the living room, custom closets and painted wood flooring throughout.

See more photos of this listing after the break.

Read the rest of this entry »



 

The Competition Inside the World of Starchitects

23 April, 2013 posted by: CORE

Norman Foster NY

Who are our the world’s most sought-after starchitects? The documentary film, The Competition, follows  quite a few: Frank Gehry, Jean Nouvel, Zaha Hadid, Dominique Perrault and Norman Foster, as they all work to create a winning design for the National Museum for Art of Andorra.

Although many of us are familiar with each of the selected architects’ designs, aesthetics and structures, we are rarely given the chance to see the preparation that actually goes into designing a structure that will be innovative, and above all, selected to be constructed. The film’s trailer currently listed on Vimeo, explains that viewers are able to see the “intensely fascinating account of how some of the best architects in the world, design giants like Jean Nouvel or Frank Gehry, toil, struggle and strategize to beat the competition.”

In New York City, we are lucky to be in the presence of works by many of these architects, but we’re looking forward to seeing how these titans of industry brainstorm, collaborate and win projects world-wide. The Competition is slated to be released in late 2013.



 

CORE in the News

22 April, 2013 posted by: CORE

A sampling of last week’s press coverage of CORE and CORE properties.

246-West-17th-street-4B 01

Dream Homes
New York Post
Natalie Rakowski’s exclusive listing at 246 West 17th Street is featured in “Dream Homes.”

Real Estate Want: Private roof oasis with temperature control and retractable walls
Brick Underground
Michael Graves’ exclusive listing at 7 Bond Street is highlighted, showcasing the home’s unique outdoor features.

Featured Listing:  2 Northside Piers, PH5
Modern NYC
Ralph Modica and Vickey Barron’s exclusive penthouse at 2 Northside Piers is featured.



 

Photo of the Week: Quiet Moment

19 April, 2013 posted by: CORE

Office

Following the grand opening of CORE’s Madison Avenue location, our “Photo of the Week” showcases a rare quiet moment in our sleek new office at Madison Avenue at 61st Street.  This week, agents and members of the CORE management team had an opportunity to tour the new location during a night of celebration.  The new office signals the next stage of the evolution of CORE and our exciting expansion to the Upper East Side.  As a firm constantly embracing change and fresh innovations, the new location and its modern design is an exciting addition.



 

Core Celebrates Madison Avenue Grand Opening

18 April, 2013 posted by: CORE

To celebrate the launch of our new Upper East Side location, last night, we opened the doors of our new office to our fellow CORE agents and management team. Guests were invited to tour the two-level office, located on the second and third floors of a historic brownstone on 61st Street at Madison Avenue. Following the open house, the party moved next door to Serafina Restaurant for an evening of food, drinks and conversation. CORE CEO Shaun Osher and Senior Managing Director Reba Miller both addressed the crowd, speaking about the evolution of the CORE brand and the significance of the new location.

photo3

Read the rest of this entry »



 

5 Emotional Mistakes Sellers Make

17 April, 2013 posted by: CORE

Selling a home is often seen as one of the most stressful financial decisions in one’s life.  Committing to such a long-term decision regarding this type of investment, with so many variables to consider may lead to poor or ill-thought out decisions, if a seller is not careful. Trulia recently published an article detailing the 5 mistakes sellers often make when putting a home on the market.  With this list in mind, sellers can keep an eye on these common pitfalls during the process of selling their home.

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1.    Price reduction paralysis.  Wikipedia defines panic as “a sudden sensation of fear which is so strong as to dominate or prevent reason and logical thinking, replacing it with overwhelming feelings of anxiety and frantic agitation consistent with an animalistic fight-or-flight reaction.”  But there’s a real estate-specific reaction to panic that the infinitely wise Wiki editors left out: freezing up entirely.

In cases of overpricing, the seller has most often started out as overconfident in their home’s prospects on the current market.  But as the days on the market turn into weeks, or even months, that overconfidence morphs into panic: panic that the place will only get a lowball offer, panic that the place won’t ever sell, panic that the seller will be stuck in the property, panic that the seller’s future life or career plans will be ruined.  This is a panic that snowballs into increasingly disastrous hypothetical scenarios, and fast. Read the rest of this entry »



 

One Museum Mile Celebrates Spring

16 April, 2013 posted by: CORE

OMM

Last Wednesday, New York City’s Central Park Conservancy hosted “Central to Spring”,  a kickoff event to welcome the new season at the Park. Residential buildings surrounding the Park, including One Museum Mile, hosted residents and guests for cocktails and hors d’oeuvre as a way to support the Central Park Conservancy and celebrate spring in one of the world’s greatest parks. In addition to the gatherings within each building, guests were invited to watch a fireworks display that took place within Central Park.

Guests at One Museum Mile mingled on the building’s expansive rooftop before heading down to see two units of the 18th floor that housed live music in one room, and a preview screening of the building’s appearance on Selling New York in the other. One Museum Mile’s sales team members, Tom Postilio, Natalie Rakowski, Parul Brahmbhatt, and John Harrison were all present to toast to the season and join in the celebration. Click the break for a look inside the event. Read the rest of this entry »



 

CORE in the News

15 April, 2013 posted by: CORE

A sampling of last week’s press coverage of CORE and CORE properties.

1280FifthAve-LBBY

Art of the Deal:  Condo Sales Pitches Include Pricey Paintings and Massive Murals
New York Post
One Museum Mile is one of several New York City residential properties featuring exquisite artwork to attract potential buyers.

New Development
Brokers Weekly
Last week, new development project 93 Worth reached a rate of over 70% sold and in contract units, signaling the growth and demand of new development inventory in the Tribeca area.  ”We are seeing an influx of interested buyers who currently live in Tribeca and are looking to buy new inventory,” said Shaun Osher.  ”Buyers are drawn to the building’s exceptional restoration and its prime location where a tremendous amount of residential and commercial growth has occurred.”

23 New Developments Hitting the Market This Spring
Curbed
In a Curbed property round-up of New York City new developments, 241 Fifth was featured.  One of several buildings under construction in the Flatiron area, the transformation of 241 Fifth was recently documented in this time-lapsed video.



 

Avoiding Major Pitfalls at the Closing Table Townhouses

12 April, 2013 posted by: Jarrod Randolph

Greenwich Street

Part III of the “Avoiding Major Pitfalls at the Closing Table” series covers townhouse sales.  This type of property is a beast of its own nature.  Unlike condominiums and cooperatives, you are your own management company and superintendent.  This means you have to make sure all City, DoB and utility-related items are in place in order to have a successful closing. These tips will help you prepare:

PART III: Townhouses

  • Judgments Against Seller: Check for any judgments against the seller.  They must be resolved to receive a clear title.
  • Survey/Encroachment: It is best to conduct a survey prior to closing so you can determine if there are any encroachments on the property or any adjacent properties. The title company will need to have documentation at closing to record any agreed upon survey changes with adjacent properties.
  • Environmental Control Board Violation: Sellers should make sure there are no fines against the property no matter how small.  It will be found on the title continuation and must be paid to receive a clear title.
  • Sidewalk Violation: This is a major issue in townhouse closings. If the City has filed a violation prior to contract signing it is the responsibility of the seller to remedy it. If it is not remedied, some lenders will not allow the closing to take place until it is fixed.
  • Mechanic’s Lien: The title search will pull up any liens and the seller should be aware prior to closing so they can resolve each lien.  This is needed to receive a clear title.
  • Open Building Permit: As a seller, make sure you have sign offs from the building department to show that all your work permits are closed.  Sometimes title reports will have conflicting information.
  • Water Bill: The seller should attain the last water bill from the City and make sure it is paid to date.
  • Covenants and Restrictions: This may reflect that there are set back lines and restrictions as to what the property can be used as.  What may happen is that the title company may need to provide affirmative insurance in the lender’s title policy for these recorded documents. As a buyer, you should check to see if you will need this insurance ahead of time.

Read the rest of this entry »



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