Village Confidential

Gorgeous Two Family Home at 8803 Colonial Road in Bay Ridge, Brooklyn

Mon, 07 Jan 2013 11:42:21 -0800

Gorgeous Two Family Home Just Steps From Shore Road

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Description
Video Tour
Neighborhood
Open House

$1,025,000

Multi Family

Main Features

5 Bedrooms
2 Bathrooms
2 Units
Interior: 2,915 sqft
Lot: 2,000 sqft

Location

8803 Colonial Road
Brooklyn, NY 11209
USA

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Mike Akerly, Esq. and Kate Akerly

Akerly Real Estate Team
(212) 400-4838
keytothecity@akerlyre.com
http://www.AHBrooklyn.com

Listed by: Aguayo Realty Group

Our recent listings

Gorgeous Two Family Home Just Steps From Shore Road
Gracious Three Bedroom Home In Prime Park Slope
Gracious Three Bedroom Home In Prime Park Slope
Gracious Three Bedroom Home in Prime Park Slope
New Boutique Prospect Heights Condo

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Amazing Renovated Three Family with Backyard One Block From C Train!

Mon, 24 Sep 2012 20:51:20 -0700

Amazing Renovated Three Family with Backyard One Block From C Train!

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Description

$589,000

Multi Family

Main Features

6 Bedrooms
3 Bathrooms
3 Units
Interior: 2,565 sqft
Lot: 1,653 sqft

Location

1244 Herkimer St 1244 Herkimer Street
Brooklyn, NY 11233
USA

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Mike Akerly, Esq. and Kate Akerly

Akerly Real Estate Team
(212) 400-4838
keytothecity@akerlyre.com
http://www.VillageConfidential.com

Listed by: Aguayo Realty Group

Our recent listings

Amazing Renovated Three Family with Backyard One Block From C Train!
Passive House Condo in Prospect Heights Brooklyn
Passive House Condo in Prospect Heights Brooklyn
New Boutique Prospect Heights Condo
New Boutique Prospect Heights Condo

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Passive House Condo at 96 St. Marks Ave. in Prospect Heights Brooklyn

Sat, 15 Sep 2012 19:04:17 -0700

New Boutique Prospect Heights Condo

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Open House
Market Stats

$1,400,000

Condominium

Main Features

3 Bedrooms
2 Bathrooms
Interior: 1,450 sqft

Location

96 St. Marks Avenue
1
Brooklyn, NY 11217
USA

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Mike Akerly, Esq. and Kate Akerly

Akerly Real Estate Team
(212) 400-4838
keytothecity@akerlyre.com
http://www.VillageConfidential.com

Listed by: Aguayo Realty Group

Our recent listings

New Boutique Prospect Heights Condo
New Boutique Prospect Heights Condo
Modern Designer West Village One Bedroom

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New Boutique Prospect Heights Condo at 96 St. Marks Ave.

Sat, 15 Sep 2012 19:01:34 -0700

New Boutique Prospect Heights Condo

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Description
Open House
Market Stats

$829,000

Condominium

Main Features

2 Bedrooms
1 Bathroom
1 Partial Bathroom
1 Unit

Location

96 St. Marks Avenue
2
Brooklyn, NY 11217
USA

To get updates on open home dates and other property events, please click the "Like" button below:

Mike Akerly, Esq. and Kate Akerly

Akerly Real Estate Team
(212) 400-4838
keytothecity@akerlyre.com
http://www.VillageConfidential.com

Listed by: Aguayo Realty Group

Our recent listings

New Boutique Prospect Heights Condo
New Boutique Prospect Heights Condo
Modern Designer West Village One Bedroom

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361 Sterling Place - Beautiful Pre-War Co-op Steps From Prospect Park and Vanderbilt Ave.

Thu, 19 Apr 2012 12:04:00 -0700

Just Listed! Charming Two Bedroom Steps From The Park!

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Description

$659,000

Cooperative

Main Features

2 Bedrooms
1 Bathroom

Location

361 Sterling Place
103
Brooklyn, NY 11238
USA

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Mike Akerly, Esq. and Kate Akerly

Akerly Real Estate Team
(212) 400-4838
keytothecity@akerlyre.com
http://www.VillageConfidential.com

Listed by: Aguayo & Huebener Realty

Our recent listings

Gorgeous One Bedroom W/ City Views!
Enjoy Panoramic City Views From This Fully Renovated Three Family!
Just Listed! Charming Two Bedroom Steps From The Park!
Charming Renovated One Family!
Huge Multi-Family W/ Rental Income In Bushwick!

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Printing House At 421 Hudson Street to Become Condos

Tue, 17 Apr 2012 12:53:42 -0700

By Kevin Korber of Village Confidential

TheRealDeal reports that the Printing House, the former West Village warehouse turned apartment building at 421 Hudson Street, will become condominiums at the end of a conversion process. The projected open date for the new condominium is set for September of this year.

Construction on the new West Village condo will begin soon, according to new owners Belvedere Capital and Angelo Gordon & Co. Conversion specialist Myles Horn has been brought in to refit the Printing House for its new use.

The Printing House, which is located on 421 Hudson Street, currently houses 95 rental units, mostly one and two-bedroom apartments. Prices for the rentals were last priced as starting at $3,800 per month, according to streeteasy.com.

The conversion process would create larger units, including some three and four-bedroom apartments. Also, plans are in place to redo the hallways, lobby, elevator, and third floor vestibule. More renovations are planned for the future.

Horn said that no prices have been set for the completed West Village condo. However, he did note that residents of the new condos would get a one-year membership to Equinox gym. Equinox operates a facility in the ground floor of Printing House.

If you would like to view available units at 421 Hudson Street aka The Printing House, please call us at (212) 400-4838 or e-mail keytothecity@AkerlyRe.com.

City Council Modifies St. Vincent’s Development

Sun, 18 Mar 2012 09:55:55 -0700

By Kevin Korber of Village Confidential

Rudin Management’s St. Vincent’s development has been rolling forward despite the repeated objections of many Village residents who want the former hospital complex re-opened as a fully-functioning hospital again. While the possibility of the hospital re-opening is very remote, the New York City Council has provided some relief for residents who don’t want to see another round of high-end high-rise condominiums in the neighborhood.

DNAInfo.com reports that the City Council’s Land Use committee voted to approve the Rudin’s plan for the St. Vincent’s development, but with some modifications. For example, the committee voted to eliminate 100 units from the residential development, bringing the number of condo units down to 350. Also, Rudin agreed to cede the St. Vincent’s Triangle to the city. The triangle had been a source of contention after Rudin rejected plans by various community groups to turn the land into an AIDS memorial.

The committee’s resolution also included plans for a public school at 75 Morton Street, which is currently land owned by the state. The city will also donate funds to local arts education programs and to legal groups fighting for affordable housing in the St. Vincent’s development.

The project still faces another round of reviews from the City Planning Commission before facing a vote before the full City Council.

Museum of Reclaimed Space Planned for Avenue C

Sun, 11 Mar 2012 15:35:05 -0700

By Kevin Korber of Village Confidential

Squatting is one of the stranger aspects of the occasionally anarchic history of the East Village. The neighborhood is home to C-Squat, the infamous reclaimed building on Avenue C between 9^th and 10^th Streets that was one of the targets of former mayor Rudy Giuliani’s war against squatters. However, as the neighborhood that surrounds places like C-Squat or ABC No Rio in the Lower East Side becomes more upscale, people associated with the squatter’s movement are taking steps to preserve a fading element of New York City’s history.

Soon, C-Squat will become home to the Museum of Reclaimed Space, a museum dedicated to archiving the creation of community spaces from abandoned buildings. The museum, which was the subject of a recent New York Times profile, will also cover community spaces and their uses throughout the city. Aside from squats, the Museum of Reclaimed Space also offers tours of community gardens and spaces reclaimed for art or performance.

While the Museum of Reclaimed Space is not yet opened, trial-run tours are offered on dates announced on their web site. Anyone interested in volunteering or donating to the museum can also do so at www.morusnyc.org.

Nevada Smith’s To Become Nine-Story Karl Fischer Project

Sun, 11 Mar 2012 15:00:32 -0700

By Kevin Korber of Village Confidential

Well-known East Village hot spot Nevada Smith’s recently left its old 3^rd Avenue location under unusual circumstances, leaving the fate of the building that once housed it uncertain. Nevada Smith’s owner Patrick McCarthy spoke of plans to “demolish most of the block and replace our place…with a new luxury apartment block.” As it turns out, McCarthy may have been right: The Local reports that the bar’s former 3^rd Avenue location is poised to become the next project from ubiquitous architect Karl Fischer.

Fischer has made his presence in the Village very well-known in recent years, with buildings at Bowery and East Houston Street, as well as an upcoming project on East 12^th Street. According to a plan rejected by the Department of Buildings, Fischer was looking to turn the former Nevada Smith’s into an 82,000 square foot, nine-story tower with retail space and 94 condos. However, the filed plans were disapproved by the Department of Buildings because of zoning issues, according to a DOB spokesperson.

Fischer filed new plans with the DOB in February; those plans are currently “in process.” Neither Fischer nor the construction company attached to the project opted to comment on the issue at this time.

As for Nevada Smith’s, it moved to a new location at 100 1^st Avenue last week.

Community Board 2 Rejects NYU Expansion Plan

Sun, 11 Mar 2012 14:18:28 -0700

In a unanimous vote taken last Thursday, Community Board 2 soundly rejected the expansion plans NYU had proposed for its Greenwich Village campus.

The university had little hope for acquiring the CB’s approval; community opposition to the NYU expansion plans has been both loud and plentiful. Community groups gathered before the meeting to protest NYU’s actions alongside students and teachers who disagree with the university’s position.

Among the concerns voiced over the NYU expansion plan is the scope of the project; projected construction time for the “superblocks” bordered by Mercer Street, LaGuardia Place, West 3^rd Street and West Houston Street is 20 years. Local preservationist groups have also raised concern over the relative ease with which the university was allowed to get city zoning requirements waived.

Still others felt that the plan would overcrowd a neighborhood already filled with college students.

The expansion of the Greenwich Village campus is part of NYU: 2031, a massive and ambitious expansion project for the university that includes projects in Midtown East as well as Downtown Brooklyn.

The CB vote, while encouraging for NYU’s opponents, is only advisory in nature. The university is currently in the middle of a Uniform Land Use Review process that culminates with a yea-or-nay vote from Manhattan Borough President Scott Stringer.

51 Astor Place is Revealed to the World

Fri, 24 Feb 2012 13:19:06 -0800

By Kevin Korber of Village Confidential

Since the Starbucks that once stood there was closed and demolished, there’s been a fair speculation as to what would go up at 51 Astor Place. Designer Edward Minskoff revealed his designs to Curbed and EV Grieve back in June of last year which revealed a black glass and granite office tower with retail space on the ground floor. However, aside from one released rendering of the building’s exterior, 51 Astor Place remained something of a mystery even as construction began in July of 2011.

Last Wednesday, we got a better idea of what Minskoff’s new building will look like when the building’s new website debuted. The site provides a layout for 51 Astor Place complete with projected floor dimensions and designated uses for specific spaces. The basement and ground floor of the building have been designated for retail purposes, while offices will fill the other 11 floors of the building. The 5^th floor also features a rooftop garden. The ground floor also has a 13,000 square foot space designated for educational purposes. The site also includes renderings of the building’s exterior, office lobby, and fifth floor office (right next to the rooftop garden.)

Construction on 51 Astor Place is projected to be finished by early 2013.

CB2 To Vote on NYU Expansion Plans Thursday

Thu, 23 Feb 2012 06:23:48 -0800

NYU’s controversial expansion plans have been debated for the better part of a year now. The aggressive proposal calls for two blocks south of the current NYU campus in Greenwich Village to be converted into “superblocks” consisting of large new faculty buildings, student housing, and a new elementary school that may or may not have funding. The university expects to finish the project in 2031.

Reaction among Village residents to the NYU expansion plans has been loud and mostly hostile. Community board meetings on the subject have been filled with dissenting voices, and various demonstrations have been held in protest of the plan. One more is going to be held this Thursday at St. Anthony of Padua Church on Sullivan and Houston Streets to coincide with Community Board 2’s vote on the NYU expansion plans, also occurring at St. Anthony’s. The protest, which is being sponsored by the Greenwich Village Society for Historic Preservation, is also being supported by NYU students and faculty who opposed the plan as well as local block associations and unions.

The NYU expansion plans have already been opposed by CB2’s Land Use Committee, and it appears likely that the Community Board will vote against the proposal. However, construction and redevelopment can continue if NYU gets the support of the City Planning Committee (which is currently conducting an Environmental Impact Study on the proposal) and Borough President Scott Stringer.

Rudin Rejects Design for Village AIDS Memorial

Thu, 16 Feb 2012 17:54:49 -0800

By Kevin Korber of Village Confidential

Rudin Management has rejected a design proposed for a possible AIDS memorial at the site of the former St. Vincent’s Hospital, according to the New York Daily News. The proposed Village AIDS memorial design was selected by a celebrity panel that included actress Whoopi Goldberg.

The chosen design for the Village AIDS memorial, which comes courtesy of Brooklyn-based architecture firm Studio a+i, would be a tree garden surrounded by mirrors on all sides with a granite exterior. The firm called their design “Infinite Forest.” Visitors would have been encouraged to write the names of loved ones in the park, rather than having an engraved list of AIDS victims.

However, the proposed park sits on land owned by Rudin Management as part of the deal to convert the former St. Vincent’s Hospital site into condos and commercial space. The city has given Rudin permission to develop a park on the site, and the company politely rejected the proposed design, saying that they have their own plans for a Village AIDS memorial park with the aid of designer Rick Parisi.

DNAInfo posted some of Parisi’s designs on their website in September. The designs were not well received by some residents, who called Parisi’s work “generic.”

David Schwimmer Revealed as Owner of East Village Townhouse

Thu, 16 Feb 2012 17:20:11 -0800

By Kevin Korber of Village Confidential

Back in September, we covered the demolition of 331 East 6th Street, an historic East Village townhouse that was in the confines of the proposed East Village historic district. Now, the New York Post reveals that the owner of the demolished East Village townhouse is none other than Friends star David Schwimmer.

After purchasing the building for $4.1 million in 2010, Schwimmer was reportedly informed by the Landmarks Preservation Committee that the East Village townhouse could have potentially been given landmark status. Despite this, the building was demolished by the end of the summer of 2011. Schwimmer is allegedly planning to build a six-story residence with a working elevator and roof terrace, according to plans filed with the city.

Locals were furious with the demolition of the historic building, and their ire turned to the actor after rumors circulated among the blogosphere that he was most recent owner. Contractor Charlett Hobart told the Post that “People who have been living here a long time don’t like new people coming in here and tearing down old buildings.”

Representatives for Schwimmer have refused to comment on the situation.

Greenwich Village High School Set to Close

Thu, 16 Feb 2012 16:45:51 -0800

By Kevin Korber of Village Confidential

Despite words of protest from students and parents, the Department of Education has voted to phase out the Legacy School for Integrated Studies on 14^th Street, according to a DNAInfo report. The decision came after a 9-4 vote from a panel that included Schools Chancellor Denis Walcott.

Legacy had been in the DOE’s crosshairs for some time after receiving a “C” grade on its 2009-2010 DOE progress report and an “F” for the 2010-2011 school. Teachers had told the website InsideSchools.org that many of the students of the Greenwich Village high school were reading below their age level.

The decision to close the Greenwich Village high school comes after a concerted effort from students to save it. That effort drew attention citywide when Legacy students marched to Union Square and held a demonstration in support of saving the school on February 1^st.

The closing is part of a program undertaken by the DOE to close underperforming schools as according to the new accountability ratings instituted by the DOE under Mayor Bloomberg. The program has encountered resistance citywide from parents who feel that little is being done to help these schools to improve.

How High Should Artwork Be Hung and Other Tips on Hanging Artwork

Sun, 05 Feb 2012 12:34:30 -0800

By Donna Dazzo of Village Confidential

Many of us like to be surrounded by photos of our family and beautiful pieces of artwork, but are afraid we are going to "make a mistake" when hanging them on the wall. Or worse, some of us don't even know that the pictures are not hung properly. For you and others to get the most appreciation out of your pictures, here are some helpful tips on how high a picture should be hung to how to hang a group of pictures:

· Generally, pictures should be hung at eye level, but whose eye level? Hang it so that the center of the picture is at 5'8" to 5'10".

· The height at which it should be hung should relate to the height of the furniture (and the objects on it) and not be hung too high. Otherwise the artwork will look as if it's floating. Hanging artwork too high is one of the most common mistakes made.

· The width of a piece of art or group of pictures should be a minimum of 2/3 the length of the piece of furniture it is hanging over, and should not be wider than the width of the furniture it is hanging over.

· The size of the piece of art or group of artwork should relate to the size of the wall on which it is hung.

· If hanging two or more pictures next to each other, the ideal spacing is 3 to 4 inches between them but no more than 8 inches.

· Use a laser level to make it easier to hang pieces side by side evenly. A laser level, which can be found in national chains such as Home Depot or Lowe's, is placed against the wall. It emits a red laser beam along the wall so that you can find the spot to place your hook or nail, once the liquid in the bubble is at its level position.

· While a laser level makes things easier, make sure that the pair of same-sized frames have their hooks and/or wires in the same spot. Unfortunately, this is not always the case. If they don't, then use the laser level to make sure the top of the frames are aligned, then measure down from the top of each frame to determine where you should place the nail or hook.

· If hanging a group of pictures of different sizes, lay them out on the floor first for the optimal arrangement. There aren't any rules here, but the arrangement should appear cohesive and balanced. You can also trace the arrangement on a very large piece of paper and then hang the paper on the wall as a guide for placement.

· Use the proper hardware for the type of wall (e.g., sheetrock vs plaster) and the weight of the picture.

· Use adhesive anchors like ZotsTM on the back of each corner of the frame to ensure that the picture doesn't move.

· If you are staging your home for sale, it is best to stay away from nudes or other artwork that might offend a potential buyer in the target market

· Use art to bring some color into an otherwise neutral room. Or if you are afraid to use too much of a bold color in larger pieces in the room such as bedding or the fabric of a sofa, you can still add this bold color to the room through artwork.

· If hanging art on a wall with busy wallpaper, make sure they art you have chosen has a simple pattern and/or lots of white.

· The pictures in a room should relate to one another in style. For example, traditional botanical prints and abstract paintings don't really go well in the same room.

· Placing art vertically can add the illusion of height to a room. Same with placing art horizontally: it can serve to widen the room.

· A single large piece of art can have more impact and draw your eye to the focal point of a room more than a grouping of pictures.

· When hanging a group of pictures on the wall of a staircase, hang them diagonally next to each other. Once you find the optimal placement for one of them, increase/decrease the height of the next one by the height of the step.

Note: All photos are from Designed to Appeal's stagings of homes for sale.

Donna Dazzo is president and owner of Designed to Appeal, a home staging company serving New York City and the Hamptons. Designed to Appeal helps homeowners and real estate agents sell homes quickly and profitably, by expertly creating an environment that buyers want to live in. Designed to Appeal also helps homeowners not looking to sell with interior redesign, which involves using mostly what the homeowner already has. For more information, call 917-297-1528 or send an email to donna@designedtoappeal.com.

City Planning Approves New St. Vincent’s Hospital Development

Sun, 05 Feb 2012 11:26:39 -0800

By Kevin Korber of Village Confidential

The new luxury development at the former St. Vincent’s Hospital is inching closer and closer to a reality. DNAInfo reports that City Planning has approved Rudin Management’s plans to convert the old hospital into luxury apartments and commercial space.

The decision to approve the rezoning of St. Vincent’s Hospital was unanimous, and the City Planning Commission did not ask for any changes in Rudin’s original plans. City Planning Commissioner Amanda Burden said in the decision that the current plan “successfully integrates new and historic buildings into a site plan that respects the existing built context of the neighborhood.”

The decision outrage Village residents, many of whom have expressed vehement opposition to the new development. Andrew Berman, president of the Greenwich Village Society for Historic Preservation, told the press that it was “disappointing that they gave privileges intended for a hospital to luxury condos. It’s just wrong.”

The proposal has already received approval from Borough President Scott Stringer’s office despite being rejected by Community Board 2. A City Council vote is required before any construction can proceed on the buildings.

The vote did not affect plans to convert the O’Toole building into an emergency care center. Proposals to convert the St. Vincent’s triangle into an AIDS memorial were also undiscussed.

Landmark Village Record Store, Bleecker Bob's to Relocate

Sun, 05 Feb 2012 10:53:22 -0800

By Kevin Korber of Village Confidential

New York’s record collectors were shocked upon finding out that Bleecker Bob’s, the venerable Village record store that has been a neighborhood fixture for almost 45 years, would be leaving their West 3^rd Street location in April. The news broke on several blogs this weekend, along with a false rumor that the space would be taken up by a Starbucks.

Bleecker Bob’s had been at several locations throughout the Village before settling on West 3^rd, and the store had gained its fair share of history. Rock legends Jimmy Page and Frank Zappa, both of whom were friends of owner Bob Plotnick, tended the counter at various times, according to legend. The store had also become a destination for punk fans at a time when very few stores carried punk records.

However, as time passed, the store was forced to rent out its back room as a tattoo parlor while letting a pipe dealer set up shop in front of the store. Currently, a new location for the Village record store has not been determined, but EV Grieve speculates an East Village move.

No one knows what will fill in the store front once the famed Village record store picks up and leaves, but one thing is for sure: it probably won’t be a Starbucks. Upon the announcement of the impending move, speculation became rampant that the coffee chain would be opening up another location where Bob’s once stood. Locals were outraged: the owner of nearby Café Reggio told Vanishing New York that “a Starbucks would take 30% of our business. All the NYU kids want their mocha frappuccino.”

All the rage turned out to be for naught: much to the chagrin of one New York Times writer, both Starbucks and Bleecker Bob’s confirmed that the coffee chain would not be setting up shop there.

One Part of East Village Historic District Approved

Tue, 31 Jan 2012 00:48:23 -0800

By Kevin Korber of Village Confidential

Local preservationist groups scored a major victory this week as the Landmarks Preservation Committee took the first steps towards creating an East Village historic district.

According to reports issued last week, the LPC approved the application to set up an historic district along East 10th Street, between Avenue A and Avenue B. As a result, 26 buildings on that block have acquired landmark status.

The approval vote creates one of two parts of a potential East Village historic district. The issue has been a point of contention between historical preservation groups and local houses of worship, who fear that landmark status would create restrictions for possible renovations on their buildings.

The vote on this particular section of the East Village historic district comes too late for one building: a development on 315 East 10^th Street was approved by the Department of Buildings hours before the vote on the historic district could take place.

LPC Chairman Robert B. Tierney told reporters that he “believe[s] the work will not compromise the district.” Members of the Greenwich Village Society for Historic Preservation felt otherwise, issuing a statement saying, “We use this occasion to call upon the Landmarks Preservation Commission to redouble its efforts to act in a timely manner to protect the vulnerable history and character of the East Village.”

The larger segment of the East Village historic district, which would encompass parts of 1^st and 2^nd Avenue between East 10^th Street and East 2^nd Street, has yet to be voted on by the LPC.

Charming Multi-Family With A Private Driveway!

Tue, 31 Jan 2012 00:16:24 -0800

Charming Multi-Family With A Private Driveway!

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Description

$399,000

Multi Family

Main Features

6 Bedrooms
3 Bathrooms
2 Units

Location

66 Rockaway Parkway
Brooklyn, NY 11233
USA

To get updates on open home dates and other property events, please click the "Like" button below:

Mike Akerly, Esq. and Kate Akerly

Akerly Real Estate Team
(212) 400-4838
keytothecity@akerlyre.com
http://www.VillageConfidential.com

Listed by: Aguayo & Huebener Realty

Our recent listings

Charming Multi-Family With A Private Driveway!
Gorgeous, High Floor Condo in Luxury Doorman Building
Charming 2 Family In Immaculate Condition!
Enjoy Panoramic City Views From This Fully Renovated Three Family!
Just Listed! Fully Renovated Multi-Family In Bushwick!

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581 Evergreen Ave. - Charming 2 Family In Immaculate Condition!

Thu, 26 Jan 2012 09:25:53 -0800

Charming 2 Family In Immaculate Condition!

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Maps
Photos
Description
Open House

$489,000

Multi Family

Main Features

5 Bedrooms
3 Bathrooms
2 Units
Lot: 1,600 sqft

Location

581 Evergreen Avenue
Brooklyn, NY 11221
USA

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Mike Akerly, Esq. and Kate Akerly

Akerly Real Estate Team
(212) 400-4838
keytothecity@akerlyre.com
http://www.VillageConfidential.com

Listed by: Aguayo & Huebener Realty

Our recent listings

Charming 2 Family In Immaculate Condition!
Gorgeous, High Floor Condo in Luxury Doorman Building
Enjoy Panoramic City Views From This Fully Renovated Three Family!
Just Listed! Fully Renovated Multi-Family In Bushwick!
Beautiful Single Family Home!

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Gorgeous, High Floor Condo in Luxury Doorman Building

Wed, 25 Jan 2012 16:26:08 -0800

Gorgeous, High Floor Condo in Luxury Doorman Building

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Description
Open House
Market Stats

$1,799,000

Condominium

Main Features

2 Bedrooms
2 Bathrooms
1 Unit
Interior: 1,740 sqft

Location

112 West 56th Street
32-S
New York, NY 10019
USA

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Mike Akerly, Esq. and Kate Akerly

Akerly Real Estate Team
(212) 400-4838
keytothecity@akerlyre.com
http://www.VillageConfidential.com

Listed by: Charles Rutenberg LLC

Our recent listings

Gorgeous, High Floor Condo in Luxury Doorman Building
Enjoy Panoramic City Views From This Fully Renovated Three Family!
Just Listed! Fully Renovated Multi-Family In Bushwick!
Beautiful Single Family Home!
Fully Renovated Multi-Family Gem W/ A Driveway & 2-Car Garage

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1893 Bergen Street - Enjoy Panoramic City Views From This Fully Renovated Three Family!

Sun, 22 Jan 2012 17:26:40 -0800

Enjoy Panoramic City Views From This Fully Renovated Three Family!

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Description

$526,000

Multi Family

Main Features

6 Bedrooms
3 Bathrooms
3 Units

Location

1893 Bergen Street
Brooklym, NY 11233
USA

To get updates on open home dates and other property events, please click the "Like" button below:

Mike Akerly, Esq. and Kate Akerly

Akerly Real Estate Team
(212) 400-4838
keytothecity@akerlyre.com
http://www.VillageConfidential.com

Listed by: Aguayo & Huebener Realty

Our recent listings

Enjoy Panoramic City Views From This Fully Renovated Three Family!
Just Listed! Fully Renovated Multi-Family In Bushwick!
Beautiful Single Family Home!
Fully Renovated Multi-Family Gem W/ A Driveway & 2-Car Garage
Brand New Multi-Family W/ Rental Income!

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Blue Note Jazz Club Plans New Meatpacking District Location

Sat, 21 Jan 2012 14:24:22 -0800

By Kevin Korber of Village Confidential

The Blue Note jazz club has been a fixture in Greenwich Village’s music scene for more than 30 years, but now the famous jazz club is looking to expand. DNAInfo reports that the Blue Note is seeking permits to open a new location in the Meatpacking District.

The new club, which will likely not be called “Blue Note,” would be a three-floor venue at 22 Little West 12^th Street. Dining areas are planned for the sixth and seventh floors of the building, while the basement would be used as an 80-person-capacity venue. Blue Note owner Steve Bensusan said that he hopes the new venue would bring back “the late-night jam session in New York.”

Community reaction to the new venue was mixed. In a meeting with CB2’s State Liquor Authority advisory committee, residents expressed concern over a planned terrace on the seventh floor of the building. Locals were concerned that noise from an open terrace could not be sufficiently contained. Bensusan has reportedly scrapped the terrace from his plans.

The decision of the advisory committee was not available for press time.

What If It Doesn’t Appraise But the Buyer Can Still Get the Loan?

Sat, 21 Jan 2012 13:05:32 -0800

It’s something many of us have seen before. You list the property, market it, find the perfect buyer, and then the purchaser’s lender requests an appraisal. If it doesn’t appraise, the buyer may not be able to get a loan. But, it’s not always that simple. What if the purchaser can get the loan they need to acquire the property?

We listed a beautiful, two family home in Brooklyn late last year for over $1.1mil. The property was on the market less than two weeks when a buyer who had been searching for over six months made a full price offer. We negotiated the deal, did the handshake, and sent it to the attorneys to paper the contract, which was then fully-executed. The contract of sale did not contain an appraisal contingency. There was a financing contingency, so let’s take a look at the details of that provision. The contingency stated that the purchaser must be able to obtain a loan, at the prevailing rate of interest, from an institutional lender, for $500k, which would result in an LTV of roughly 43. Most lenders would be willing to do an LTV of 80, but the buyer’s didn’t need it.

So, it’s time for the appraisal, which to everyone’s surprise came in almost $225,000 short of the purchase price. So what do we do now? The buyer wants to renegotiate, the seller refuses to. The mortgage contingency has been satisfied as the lender will loan up to $740,000, almost 50% more than the buyer actually requires. The purchaser has a $75,000 earnest money deposit in escrow.

So what would you do listing and buyer’s agents?