Renovating in NYC successfully

At this Hour: Why do remodeling projects go so over budget so often? Often it is due to the excitement of doing more or of choosing better quality because you are making decisions about fixtures and finishes that you’ll have to live with for years to come. Unfortunately, these costs add up and fast.So, what can you do to contain the rising extra costs? The answer is to create a budget and stick to it. You must at least have a starting point for the amount you would like to spend, because cost over runs happen quickly and can be huge. Also at this Hour:35 Hudson Yards is the tallest residential building in the new Hudson Yards neighborhoods, and its standards are as lofty as its 1,010-foot elevation.The world’s first Equinox Hotel is set to open later this summer.The residential component starts on the 53rd floor to make the most of some of the city's most stunning views.Most recently,22,000 square feet of residential amenities have been unveiled. Why is everyone so amenity crazed?

Understanding the New Condo Development Market 2019

We came out of 2018 in reset mode for NYC sales including new condo development sales. The pace of sales has already slowed this year with homes spending more time on market prior to going into contract. More than 20,000 new apartments in New York, both for sale and for rent, will open their doors this year and likely just a fraction will find residents by year end.Sharp pricing and developer incentives seem to be the only way to get these units in contract. Also at this Hour: Hudson Yards has entered the list of most expensive NYC neighborhoods with a median sales price of $3.86 million. Tribeca remains the priciest neighborhood with a median sales price of $4.34 million, but Hudson Yards, the new luxury neighborhood on Manhattan's Far West Side, which opened in March this year, comes in a close second. Other neighborhoods that saw median price increases included Little Italy, Cobble Hill and Prospect Park South, where prices more than doubled year over year. Try LandGlide free for a week by visiting landglide.com/vince

Success Principles From A Million Dollar NYC Broker | Nile Lundgren

Today we are featuring Real Estate Expert and Entrepreneur, Nile Lundgren from Compass. This is one of the most driven people I've met in my life! You can tell the passion that Nile has for what he does by the way he talks! Watch till the very end and you will walk away with gems on how to succeed in NYC in whatever it is you do. Sales, relationships, and entrepreneurship, we got you covered in this interview. Tune in, subscribe, like, and leave us your feedback on what your honest thoughts are, we greatly appreciate it! Let's get it.

Sales Contract Due-diligence and New rent Laws Will Affect New Yorkers

Tuesday: June 25th.

At this hour: New York City has more than eight million residents. More than 65 percent of them are renters, one of the highest percentages in the country.
Last week, their rent laws changed drastically. State lawmakers passed legislation to keep more apartments inside New York’s regulatory system, and they created new limits on how much landlords can charge tenants up front and throughout the year.
This is terrible for landlords and property owners and great for rent controlled and rent stabilized tenants, we will break it down.

Also at this Hour: Everyone in a real estate transaction or deal as we call it needs to pay attention. Attention to detail can make or break a deal. What and who is involved in pre-contract signing due-diligence?
Why is this so important and can deals go side-ways… yes all the time.. we will discuss.

— withPhilip Horigan.