By Robert Varvara, The Steven Cohen Team at Corcoran Manhattan’s challenging real estate market welcomed reassuring news in Second Quarter 2019. Market-wide sales increased year-over-year for the first time in two years, up 5% annually to over 3,300 sales totaling $7 billion, about $1 billion more sold than last year. However, this information can be misleading as this increase in closed sales is due to two main reasons: New Development Closings– Q2 sales mainly increased due to an 82% spike in new…
Tag: sellers
How to Find Costly Problems Before You Buy into a Building
Stuff no seller wants you to know about The term “buyer beware” doesn’t just apply to folks on a used car lot, kicking the tires of a recently repainted Buick. Buyers of New York City condos and co-ops need to be wary too because purchasing an apartment in a “lemon” building or one that’s about to undertake some costly repairs, can cost you a ton of money. With over one million buildings in New York City, many of them quite…