We often report the news of the rising market in Jackson Heights with optimism and understanding that we are delivering good news to the local residents. Yet recent conversation on local bulletin board revealed that some residents feel that rising prices combined with rising taxes, may drive out some current residents, even if they are […]
We are thrilled to inform you that Related Companies, which is behind some of the city’s most high-profile projects, including the Time Warner Center and the creation of the 28-acre Hudson Yards neighborhood, bought a 50 percent stake in CORE. As you can imagine all of us here are CORE are extremely excited about the partnership […]
You may recall the article we published on May 30th 2013 titled Unemployment Improves, Jackson Heights Real Estate Market Soars, where we projected quote: “median price for renovated Jackson Heights one bedroom units will reach $300,000 + in the coming year and two bedroom units will trade in the area of $450,000.” With that prediction proving accurate I believe […]
Tremendous spikes in real estate have been largely attributed to foreign investors and what has been described as “low inentory marketplace”. Though both are partially true contributors to what most would describe as a “healthy marketplace”, news of continuously improving US economy have been the driving force for the investors and the individual home buyers, as […]
In the recent months we have seen a major news spotlight on Jackson Heights real estate . Though it has been no secret to home seekers that prices are on a rapid rise in Jackson Heights for several years now, recent leasing-out of the luxury 73rd street luxury rental development The Roosevelt, and recent record […]
JACKSON HEIGHTS NY, May 14th 2014 – We had the pleasure of attending a concert of the Jackson Heights Orchestra at Community United Methodist Church, brought to us by the Jackson Heights Beautification Group. The house was packed and the musicians delivered!!! The Jackson Heights Orchestra show also featured a guest conductor – Espresso 77 owner and […]
Armen & Armen exclusively represented Colonial Court, a.k.a. 76th Street Owners Corp, in the sale of Coop-owned unit #429. Being one of the smallest one bedroom layouts in the building, the sale was expected to gross between $250,000 to $265,000. It ultimately closed this past month, April 16th 2014 at $280,000 exceeding expectations by over […]
Highest One Bedroom Coops Sold in Jackson Heights! In a rising market, one of the toughest challenges Sellers and Realtors face are low appraisals conducted by independent third party appraisers if financing is being used. Several deals have fallen through or been sent back to a negotiation table due to the disparities between the agreed […]
Open House Agenda: Five Apartments to See This Weekend By Donna M. Airoldi on February 28, 2014 7:40am The kitchen and dining area of the floor-through in the townhouse at 186 E. 111th St., Apt. 1, in East Harlem. This two-bedroom is listed for $500,000. NEW YORK — Luxury apartments may make nice eye candy, but budget-conscious […]
Article too good not to share! [divider] The Tilt Toward Queens By MICHELLE HIGGINS Published: November 1, 2013 82 Comments Queens, the city’s most sprawling borough, has long been a landing pad for new arrivals and those looking for a cheaper alternative toManhattan. Over the decades, newcomers from practically every corner of the world have moved in, […]
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