Updated: May 22, 2021
Hello y'all...especially to NYC landlords out there who own or rent stabilized buildings. I have recently been doing previews of rent stabilized apartments and am shocked by how many landlords are not up-to-date regarding the new rent stabilization guidelines passed into law June 2019. I have attached a link here to REBNY's summary of these changes.
There are a whole slew of changes to be noted. Most specifically the monthly rental amount one can charge to new tenants. For your own benefit, contact the NYC Rent Guidelines Board regarding your building. Their number is 212.669.7480.
Please feel free to contact me if you have an apartment to rent or building to sell. I will follow all REBNY guidelines to ensure that your lease and/or sale goes smoothly! alan@modernspacesnyc.com. 917.613.8135.
Photo by Nelson Ndongala on Unsplash
I am back in the office at Modern Spaces in LIC. I just met with one of my longtime landlords and exchanged checks for a recently rented apartment in Ridgewood, Queens. Felt good to get things going again.
I am both looking for a buyer/client and hopefully representing a seller of a CO-OP in the next few weeks. I am excited about this development because it will be taking my real estate game to a different level. It's called SALES! ;)
Co-ops can be tricky regarding regulations, fees, and board approval. I am looking forward to executing these anticipated deals with expertise and precision. Previewing the UWS Co-Op this Friday, 4.30.21. 400-450K range.
According to my research, co-ops in Central/ Upper Brooklyn (200+ listings) are coming down in price about 10% and there are now more listings finding there way to the market (less than 50 days.) In Upper Manhattan (300+ listings), pricing seems to be coming down less and this may be a result of heavy sales competition for homes in the northern suburbs of NYC, resulting in more demand for apartments back here in the city. My overall assessment pricing wise is that the market is pretty much neutral right now and will only get better as we head into the fall. Listing prices are generally 20-25% above 2019 levels, but with recent price drops, it will be interesting to see how things progress this summer.
If you own a co-op, condo, or building that you would like to sell, please feel free to contact me at anytime for a free consultation. My email address is alan@modernspacesnyc.com and my phone # is: 917.613.8135. TY!
Hi everyone. I took a hiatus the last few months after getting COVID and getting myself together. Last year was a bust for the most part as I was entering my forth year in Real Estate and just starting to get momentum when the pandemic hit. The bad is that I got behind on my overall goals, but the good is that it helped me to re-invent myself once again!
I have come to realize that if one wishes to be a successful real estate agent today without having a big lifelong network in NYC, already living in a condo building, or having started earlier in the business, the only alternative today is to build a community through the internet along with all the other analog style network techniques, like walking the neighborhoods, attending community events, cold calling, and looking for real estate owners attempting to sell on their own.
All said, you can find me here on this website 24/7, chat with me anytime RIGHT HERE! I will be working mostly in Greenpoint, LIC this year, but will travel for good opportunities! If you would like to sell or rent your property, commercial or residential, please reach out! I hope you all have a great year! Here's to looking ahead into a rosier future!