There are very few buildings for sale, the price depends on the building conditions. It can be very speculative to acquire a building and perform a very precise operation and put in back on the market with a 25-35% net gain in a very short period of time. It' is about choosing the right team, or knowing the right team. Mike Bianco... more
lol these prices only 9 mos old but hey are already out of date. thats how fast this neighborhood is moving. now the median: studio $2400, 1bed $4000, 2 bed $8425, and a 3 bed will set you back over $13000/mo!!!!! But the neighborhood is one of the best in the city. there are so many shops and culture all jam packed close together. also its a 5 min walk to the West V. which has the best nightlife in the city.... more
Contact a management company like ICARVS property management, (management@icarvs.com
Also try to be realistic, Manhattan is expensive and your budget can be very low unless you are willing to compromise on location and area. Good luck... more
If you need the value for the estate settlement, you might want to ask a reputable commercial broker to give you a CMA (camparable market analysis) or to have the commercial appraiser do the appraisal - if required by the county/judge.
Getting a good CMA will not cost you anything, while appraisal will cost over 2.5K.
In most cases, if selling, the buyer will do their own appraisal, so, unless you have to, don't do the appraisal.
If you want to get really involved, go take a look at similar properties offered for sale, and drive by those that were sold previously (used as comps by your commercial agent).
Hope this helps,
Irina Karan
CDPE - Certified Distressed Property Expert
Beachfront Realty, Inc.
IrinaKaran@google.com... more
The short and ethical answer is YES. You signed an agreement and the
agent did their part in showing you the property. If the agent would
have tricked you, that would be a different story.
Marco Gomez
NY State Licensed Associate Broker
Realtor®
Keller Williams Landmark II
marco.gomez@gmail.com... more
I believe in two great areas to live/shop: Lincoln Square (around Lincoln Center) and the Financial District (It's unbelievable how this area has been transformed the last few years!)
Lincoln Square is right where the Upper West Side starts and among many stores on Broadway going uptown and the 9th Avenue corridor of restaurants going downtown is a good option to live in!
The Financial District is a revived neighborhood where you kind find little streets, great residential buildings and charming restaurants in places like Stone Street!... more
Not necessarily. Many landlords offer incentives such as no-fees to get their properties rented. They either market the property themselves or pay the broker. Buildings that were built for rentals often offer no-fees. In general, Higher-end properties (condos) are owned by individual investors and they hire brokers to handle the marketing and screen potential tenants, so these units usually have brokerage fees.
If there is a fee, try to negotiate. Brokerage fees are negotiable like any commission. Brokerage fees generally range from 10-15% of the first year's rent in NYC.
An experienced Broker will be able to steer you towards listings that offer incentives if you're trying to save a few bucks.
Visit: http://www.elliman.com/gjm The most comprehensive list of rentals/sales listings in the NYC metro area. Our firm handles more than 50% of the rental transactions that occur in the city each year.
Hope this helps!
Glenn Minnick
Senior Vice President
Top 1% Producer Nationwide
Prudential Douglas Elliman... more
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Lelananh,
You will need to provide more information . it seems you want a commercial space to purchase for 2 mil in SoHO. What is the space going to be used for ? Is ground floor needed? What size is needed or wanted? Is SoHo an area that you must be in or want to be in? When would you like occupancy and for how long will you commit to this space? Are you going to occupy or lease out this space?
I would like to help you but these are questions I need to have knowledge of to properly access your needs. I love to be challanged and this is a hard fit but if you are still intrested I will work with you to try to accomodate your requirements.... more
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