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Eliot Spitzer’s UES bachelor pad hits the rental market

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Eliot Spitzer’s UES bachelor pad hits the rental market
Luxury apartment overlooks Central Park at 800 Fifth Ave
New York /
800 Fifth Avenue and Eliot Spitzer (Credit: CityRealty and Getty Images)
Former New York Gov. Eliot Spitzer’s apartment on the Upper East Side has hit the market for $20,500 a month.
The three-bedroom unit at 800 Fifth Avenue just recently became available, according to the New York Post. It is ready for a December move-in, and amenities include a concierge, a parking garage and a gym, according to its listing on StreetEasy.
Once owned by Standard Oil treasurer Jabez Bostwick, and later, by a Rockefeller – the mansion at 800 Fifth Ave. sat vacant for more than 50 years until Spitzer s father Bernard demolished it and built a luxury rental tower at the address in the late 1970s.
An analysis by The Real Deal in June 2016 found that the building s 208 apartments leased for an average of $10,500 a month. The building, still owned by Spitzer Enterprises, also holds a few medical suites. There are four other apartments in the building currently on the rental market for over $10,000, according to StreetEasy.
Spitzer is currently building a $700 million, 857-unit rental complex along the Williamsburg waterfront. The first building is slated to launch next year, with Dave Maundrell of Citi Habitats leading the marketing effort.  [N[……]

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Why this free house is too good to be true

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(U.S. Air Force photo/Alan Boedeker; Pixabay)
A couple in Iowa is selling their house for nothing so long as you can drive off with it.
The deal is that Linda and Roger Dolecheck will let you buy their house for free so long as you physically move the 2 and a half story structure off their property, the New York Post reports.
The century-old, four-bedroom is valued about about $52,000 but, after trying to sell the house six times since 2013, they ve lowered the price to nothing as, they hope, an incentive to get it sold.
The listing is posted on Craigslist and, though they ve gotten some interested buyers, the $0 price tag is not incentive enough.
“[There was] always interest in it — people would come,” said Dolecheck to the Post. “But moving a house takes a lot of time and money.”
The Dolechecks built a new home about 100 yards away from the house they re selling in 2010 but just couldn t bear the idea of tearing down the house they raised their children in.
[NYP] Erin Hudson
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Buckle up, brokers: This could be the worst spring for home sales in years

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Buckle up, brokers: This could be the worst spring for home sales in years
Rising prices and interest rates, along with the new tax law, could slow demand
New York /

Springtime for home sales across the U.S. could end up being a pretty depressing season.
Increasing mortgage rates, a new tax law reducing homeownership incentives and exhaustion from first-time homebuyers getting priced out of the market could all contribute to extremely low demand for houses this spring, according to the Wall Street Journal. The volatility of the stock market is also contributing to weakness at the high end of the housing market, while rising interest rates are a major factor on the low end.
This could lead to a slowdown in the constant price increases that the housing market has seen in recent years, but while this may increase interest from buyers, it could make things more difficult for sellers in pricier markets.
Last year, about 2 million homes were sold between March and June, and the National Association of Realtors expects this spring’s sales to be flat. Fannie Mae data from February showed that consumer confidence had dropped in the housing market, and in January, NAR data showed that home sales saw their sharpest drop in three years.
“People are being a little more cautious than they were before,” Chicago broker Bruce Glazer told the Journal. “Buyers h[……]

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