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Volume 19: Issue 1 | January 2019
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What an incredible year...Thank you for your support in 2018. Our team was recognized as the top 500 of 54,000 NRT sales associates nationwide in the first, third and fourth quarter last year. Thanks to you, and those like you, we were blessed with over 45 transactions. We are forever grateful for your referrals!
Like most years, 2018 had the good, the bad and the ugly. It continues to be a buyers' market and every deal is what we commonly refer to as "a grind". To help you review, we have provided both fourth quarter summaries for Brooklyn and Manhattan along with the December Monthly Snapshots.
In addition to the market reports, we have a number of MUST READS...the latest updates on the L train shutdown - they just can't make up their mind - including Governor's L Train Tunnel Presentation. What's the plan? What does it mean? Who is affected? We have the latest perspectives from the top sources.
Are you a New Yorker? If so, this month we also have In a NY Minute, an amazing read, as well as some of the best MLK activities this January, the future of Real Estate technology, and a profile of chic buildings on the rise.
Have you met the Queen of Tidy and been KonMari'd? If not, you're in for a treat. If you haven't found your JOY in 2019 yet, she will help you find it. We also have some great apartment resources for any updates you want to make to your home. Now is the time, with spring cleaning in mind - it's just around the corner.
If you are thinking on a grander scale, and are considering a more ambitious project, we have tips to combine two adjacent apartments, and design trends to try this year -
letting
you
know
what is IN and what is OUT!
We hope you had a restful holiday and a tremendous New Year! Kindly let us know if we can help you or your family and friends with any of their residential real estate needs in 2019.
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Manhat
tan Report
Fourth Quarter 2018 Analysis
The 4th Quarter of 2018 the Manhattan market faced familiar headwinds as buyers hesitated despite moderating prices and more availability. Market-wide closed sales declined as potential buyers grappled with a confluence of factors that created uncertainty in the market.
Read More
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Brooklyn Report
Fourth Quarter 2018 Analysis
Brooklyn ended 2018 with overall sales slightly slowing but also shifting to lower-cost areas. With the high prices in prime neighborhoods compounded with tax reform and rising mortgage rates, apartment buyers continued to seek value in neighborhoods with more palatable price points.
Read More
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Manhat
tan Report
December Monthly Snapshot
December sales activity declined to its lowest level since 2011, with condo activity dropping 19% annually and co-op activity dropping 4%. Listed inventory continued to increase, for both condos and co-ops, which saw year-over-year gains. Days on market fell for condos.
Read More
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Brooklyn Report
December Monthly Snapshot
During December, the Brooklyn market saw a mix of market indicators. Increasing price statistics and higher contract activity, but also lengthening days on market and expanding inventory. Average sale price increased 9% and median price increased 2% year-over-year.
Read More
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Combining Apartments?
9 Tips From Those Who've Done It
In a city of eight million, where one-bedroom apartments can be under 500 square feet, it's no wonder New
Yorkers
dream of smashing through a wall to eke out more space for themselves. We spoke to owners who had done just that. They
had these tips to share...
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The Future
RE Technology. Try, Try Again.
Some of the best tech, the kind with staying power, has been percolating for years, often after failing miserably at first. It persists because there are no perfect solutions to the problems it is attempting to solve, but there is always hope that someday someone might get it right.
Read More
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14 Most Anticipated Buildings of 2019
As 2019 begins, Architectural Digest is looking ahead to highlight the buildings we're most excited about for the coming year. Spanning cities from Taipei to Miami, these soon-to-be completed structures will surely impress architecture lovers as well as those who casually stroll by.
More Info
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In: Sustainability, Less=More
Out: Eclectic Clutter and Cool Grays
January 1st has become our opportunity for a reboot. When you're deciding what to overhaul, don't forget about the home front. For decor lovers looking for tips on 2019 decorating, we talked to some of our favorite designers about the home trends that are IN and OUT this year
.
Read More.
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333 E 109th Street, PHE (UES)
This is a tremendous opportunity to own a bright, high-floor 2 bedroom penthouse offering panoramic views of the city. The apartment boasts ~10 ft high ceilings, floor-to-ceiling windows, northern exposures, hardwood floors, and a charming balcony with unobstructed sky views.
View Listing
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298 Clinton Ave, Duplex (Clinton Hill)
This is a tremendous opportunity to lease the owner's duplex of a beautiful Federal style house in the desirable Clinton Hill neighborhood. The generous floor plan features three bedrooms, one and a half baths, a large kitchen with formal dining room, and separate living room.
Coming Soon!
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Jeff Nolan
Licensed Associate RE Broker
Multi-Million Dollar Club Since 2011
Top 1% of 50,000 NRT Associates
Corcoran Group Real Estate
Union Square Office
30 Irving Place, 5th Floor, NY 10003
Cell Phone - 212.260.0562
Office Line - 212.500.7022
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Active
298 Clinton Ave (Duplex)
333 E 109th Street, PHE
372 Central Park West, 15C
56 Pine Street, 7E
In-Contract
Sold ALL. Please send offers!
1609 Bergen Street, 2
112 2nd Place (MFTH)
111 Murray Street, 34B
298 Clinton Ave (MFTH)
22 N 6th Street, 3J
333 Rector Place, PHS2
125 N 10th Street, NGD
125 N 10th Street, N4D
61 W 62nd Street, 15B
125 N 10th Street, N5F
610 Warren Street, 5F
215 E 81st Street, 2A
555 Main Street, 513
140 Rutland Road (SFTH)
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Contact us for Private Mortgage Banker recommendations in NYC.
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30 yr fixed Jumbo: 4.000%
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Conforming 20-Year Fixed: 4.375%
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Conforming 15-Year Jumbo
: 4.125%
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Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker located at 660 Madison Avenue, NY, NY 10065. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire an architect.
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