If You Are Thinking of Investing In Real Estate Here Are Some Key Terms That You Should Know - 04/28/11 10:09 PM
 
Investment Real Estate Key Terms
 
Adjusted basis- value of the property used to determined the amount of gain or loss realized by an owner upon the sale.
Appreciation- an increase in property value
Boot- cash received in a tax free exchange
Capital gain- the profit realized from the sale of real estate investments, assets such as stocks or collectibles.
Capital loss- occurs when investment or other types of property are sold at a lost
Cash flow- income produced by an investment property after deducting operating expenses and debt
Debt service- principal and interest payments on a debt
Gross income- … (0 comments)

Here Is A Fun Way To View Brooklyn NY Neighborhoods & Real Estate - Register For The TD Bank Five Boro Bike Tour - 04/28/11 10:08 AM
 
Bike New York's TD Bank   Five Boro Tour & Fest
Saturday April 30th & Sunday May 1st, 2011
 
Bike New York Five Boro Bike Tour And Fest weekend begins at Brooklyn Bridge Park at 10am on Saturday April 30th.  The fest is free and open to the public, it will be a day filled with live entertainment, classes, exhibits, bike repair tents, and lots of good stuff for the whole family.
 
The 42 mile Five Boro Tour will begin at 8 am on Sunday May 1st, 2011, with about 30,000 riders.  The tour will pass through many … (0 comments)

Brooklyn New York - 04/25/11 08:33 PM
 

 
Brooklyn, New York
Brooklyn New York is located in the westernmost part of Long Island.  It shares its only boundry with Queens on the northeast.  The westernmost section is closest to Staten Island.  The southern coast includes the peninsula of Coney Island and Brighton Beach.  The southeastern coast lies on Jamaica Bay.
The land area of Brooklyn New York is 96.9 sq miles.
The highest point in Brooklyn New York at 200 feet above sea level is the Altar to Liberty which is located on Battle Hill in historic Greenwood Cementery which is located at Fifth Ave & … (3 comments)

What is a Participation Mortgage? - 04/25/11 08:00 PM
 
What is a Participation Mortgage?
A Participation Mortgage relates to two different types of mortgages
1- A  mortgage in which two or more lenders participate in making the loan.  The participation agreement between the lenders may provide that each participating lender owns a pro rata share of the mortgage and each will receive his share of the mortgage payment of principal and interest as it is made.  Another option would be for one lender to contricute a substantial portion of the loan and another lender to give a small amount of the loan  In this case the lender who incested … (3 comments)

Want To Volunteer to Help Veterans, Military Families and Active Duty Military Members? - 04/22/11 09:13 PM
 
Want To Volunteer To Help Veterans, Military Families And Active Duty Military Members and don't know where to start ?
 
visit:             Joining Forces
 
Joining Forces provides ways for Americans to help our service members and their families who live in our communities .  Simply log on click on Get Involved, search by zip code,  find service opportunities,  send a message of support or start your own volunteer project.
 
 
 
 
… (4 comments)

New York City Goes Green - 04/22/11 09:00 PM
 
As part of PlaNYC 2030 campaign to promote sustainable living, New York City's Housing Authority which has 340 developments has replaced conventional light bulbs with CFL bulbs, replaced old appliances with enery efficient models and hot water tanks with fuel- efficient instantaneous hot water heaters.  Trees have also been planted on many development grounds.
As of October 2010 many government and Housing Authority buildings have also participated in the CoolRoof program where roofs were painted with reflective coating to help reduce the energy use/cost to heat and cool large buildings.
Mayor Bloomberg recently announced that New York City will harvest … (3 comments)

Brooklyn Home Buyers- You and Your Dogs Are Welcome In NYC Parks - 04/18/11 09:52 PM
 
Brooklyn Home Buyers - You and Your Dogs Are Welcome in NYC Parks
 New York City Parks Department has a wonderful website   nyc parks  where Brooklyn Real Estate Home Buyers who are also dog owners can search by zip code , neighborhood and by borough for Brooklyn Public Parks by the type of designation for dog activities.
There are four designation for areas within the NYC (Brooklyn) Parks that give Brooklyn dog owners and their dogs an opportunity to enjoy the park system.
No Dog Allowed: Dogs are not permitted in these areas at any time.
Dogs must be on leash … (4 comments)

What is New York City Disability Rent Increase Exemption (DRIE) program? - 04/18/11 10:01 AM
 
What is New York City Disability Rent Increase Exemption (DRIE) program?
The Disability Rent Increase Exemption (DRIE) program offers eligible tenants an exemption from rent increases.  The owner of the building receives a corresponding credit against their real estate taxes from the City Of New York.
 
For Eligibility reguirements visit www.nyc.gov  finance.
 
 
When you are ready to buy or sell a home in Brooklyn, New York  feel free to contact me .
… (2 comments)

Speechless Sunday- Crown Heights Brooklyn - 04/17/11 08:31 PM
 

When you are ready to buy or sell Brooklyn Real Estat call me
… (3 comments)

What is NYC Senior Citizens Rent Increase Exemption Program (SCRIE) ? - 04/12/11 09:36 PM
 
What is NYC Senior Citizens Rent Increase Exemption Program (SCRIE) ?
Through the Senior Citizens Rent Increase Exemption PRogram (SCRIE) people 62 years or older with yearly incomes below $29,000 may be eligible for exemptions from all or some increases in rents, carrying charges, capital assesmentsor vouluntary capital contributions.  Senior Citizens tenants who reside in rent control or rent stabilized apartments can apply for SCRIE through NYC Department of Finance and may be entitled to an exemption from future rent increases.  If a tenent is approved landlords are eligible for an equivalent credit (abatement) on the property taxes.
 
For … (0 comments)

What Is The Difference Between Rent Control and Rent Stabilization? - 04/12/11 08:56 PM
 
What is the difference between Rent Control and Rent Stabilization?
 
Rent Control:
The rent control program applies to residential buildings constructed before February 1947 in municipalities that have not declared and end to the post war rental housing emergency.  There are 51 municipalities that rent control .  For an apartment to be under rent control, the tenant (or their lawful successor such as a family member, spouse , or adult lifetime partner) must have been living in that apartment continuously since before July , 1971.  When a rent controlled apartment becomes vacant, it either becomes rent stalilized or if … (1 comments)

What is Cohousing? - 04/12/11 08:15 PM
 
What is Cohousing?
 
Cohousing is a communal type arrangement that is intergenerational.  The group may buy property together , help design the community  and manage it.  Residents live in  fully equipped separate, or clustered units but share outdoor spaces and a common house where communal meals are eaten and families come together.
 
The idea of cohousing originated in Denmark and was promoted here in the U.S. by architechs Kathryn McCamant and Charles Durrett in the early 1980's.
There are many cohousing communities here in the U.S  some are located in Michigan, California, Arizona, New York and other states.
 
… (0 comments)

What Is NYC 80/20 Housing Program? - 04/12/11 10:31 AM
 
What is NYC 80/20 Housing program?
The 80/20 sponsored by the New York State Housing Finance Agency, the New York City Housing Development Corporation (HDC) and the New York city Department of Housing Preservation and Development (HPD) uses tax exempt bonds to creadt affordable housing for low income tenants in locations throughout the city.  The use of tax exempt bonds to finance the construction of large residential buildings in the City greatly reduces cost.  In exchange for the low cost financing, 20% of the apartments units are reserved for low income tenants earning no more than  50% of the area's … (0 comments)

Things To Cosider When Buying A Brooklyn Home - 04/12/11 09:45 AM

 
Things to Consider When buying a  Brooklyn home - How long do you plan on living in the home?
-What are the neighborhood amenities ie parks, shopping, medical centers etc?
- What are the  schools rankings?
- Are there cultural instutions nearby?
- What is the monthly cost of renting vs owning in the neighborhood?
- What are the city's / county's projected plans for the area?
- How stable is your job?
- How long will it take to commute to your job ?
- What is the neighborhood like at night and on the weekends?
- Why … (2 comments)

NYC Has 2 Great SiteS NYC Business Express and NYC Business Solutions that makes starting business in NYC easier - 04/10/11 09:59 PM
 
NYC Business Express is the ideal place for startups, new business owners and even for those established business owners looking to expand.  NYC Business Express offers information needed to open a business, where to apply for permits , licenses and certifications.
 
NYC Business Solutions offer free services by the Department of Small Business Services such as legal advice, financing assistance, government opportunities, recruiting and much more.
 
So, if you are a  NYC Startup, or a small business take advantage of these two great city resources.
Source: NYC.gov
… (0 comments)

What IS A Home Equity Conversion Mortgage For Seniors (HECM) - 04/10/11 08:48 PM
 
A Home Equity Conversion Mortgage (HECM) is a FHA Reverse Mortgage.
A Reverse Mortgage is a loan that lets the owner convert some of the equity of their home into cash.  This equity will be paid to the home owner.
 
Requirements- The home owner must be 62 years or older, own the home, or if there is a small mortgage it can be paid off at the closing with proceeds from the reverse loan.  The home owner must live in the home.
 
Types of homes eligible for FHA HECM
Single, 1-4 fam  the owner has to live in … (1 comments)

Why Do short Sales Take Long To Process? - 04/10/11 07:59 PM
 
Why do short sales take long to process?
Short Sales take long because  sometime the bank that services the mortgage may not actually own the loan.  The owner of the loan maybe  an investor or a mortgage insurer who will need to participate in the process.
Some lenders also have restrictions regarding accepting a certain percentage off their strike price and they are waiting for the offer to hit that number.
Your agent should be able to tell you how many parties are involved in the process.  Most importantly make sure that the short sale has been approved by the … (1 comments)

Are You Brave Enough To Have The Exterior OF Your Home Turned Into A Billboard While Having Your Mortgage Paid During The Time The House IS Painted In Bold Ad Print and Colors? - 04/10/11 07:41 PM
 
If you are brave enough to have your home turned into a billboard with bright, bold ad print and colors while your monthly mortgage is paid go to www.adzookie.com.
 
Ad Zookie is looking for houses to paint, turn into billboards and they will pay your monthly mortgage for as long as your home remains painted.
So, if you are gamed for the stares of your neighbors, while AD Zookie pays your monthly mortgage give it a try.
 
Source: seen on Wall Street Journal
 
When you are ready to buy or sell a home in Brooklyn NY, feel … (3 comments)

Where Can An Uninsured New York City Artist/Independent Contractor Go For Affordable Health Care? Join WoodHull Medical Center's Artist Access Program - 04/09/11 09:15 PM
 
Brooklyn's Woodhull Medical and Mental Health Center's Artist Access program allows artist/independent contractors to exchange their talents through patient services for health care credits.  Through proformances or interactive programs for patients, you can exchange your art for health care credits.  Credits are accured in the artist's personal account and can be used in lieu of dollars to cover sliding scale fees  in Woodhull's HHC Options programs.  The Hospitals Creative Arts Department reviews your proposals to determine their fit to the hospital and patients needs.  Currently Woodhull is the only hospital in New York City that has this program.
 
For … (2 comments)

NYC Small Business, Startups and Vendors In Need of Surplus Materials Should Join NYC WasteMatch - 04/04/11 09:44 AM
 
NYC WasteMatch connects donors of valualbe "waste" and surplus materials to users.  This helps members to reduce disposal cost, generate revenue and or obtain raw materials for free or at a low cost.
WasteMatch is a free commercial material exchange service funded by the NYC Department Of Sanitation Bureau of Waste Prevention and Recycling.
WastMatch prevents materials from being wasted, provides goods to startups , reduces disposal and purchasing cost and most importantly reduces  negative enviromental impact.
So join WasteMatch and go green.
source: www.nyc.gov
 
When you ae ready to buy or sell Brooklyn Real Estate call me
… (0 comments)

What is NYC Stuff Exchange? - 04/04/11 09:24 AM
 
NYC Stuff Exchange is a NYC Department Of Sanitation sponsored database that allows NYC residents to find organizations and shops in their neighborhoods where they can donate, buy or sell different types of gently used goods.  The goal of NYC Stuff Exhange is to help reduce the city's waste.
 
Go to NYC Stuff Exchange calender of events to post of find sales, sponsored by nonprofit organizations.
 
source: www.nyc.gov  Dept of Sanitation- NYC Stuff Exchange
… (1 comments)

Of Course There Is Horse Backriding In Brooklyn New York - 04/03/11 12:55 PM
 
If you are an avid Brooklyn New York horseback rider who is looking to buy real estate in Brooklyn , you should visit the Kensington Stables and the surrounding neighborhood of Kensington Brooklyn.
 
Kensington Stables  51 Caton Pl, Brooklyn NY is the only remaining stables in Brooklyn's Prospect Park.  Kensington Stables gives lessons in Western and English style for both adults and children 6 years and older.  Lessons are given in Prospect Park along the 3.5 mile bridle path which goes through the park and offers wonderful views, or in the arena located near the park's enterance at 15th … (0 comments)

Know Where Your Charitable Dollars Are Going - 04/03/11 11:02 AM
 
We are blessed so that we maybe a blessing to others.  However, we should be aware of how and where our donations are being spent.
 
Charity Navigator.org reviews the financials of our largest leading charities, it shows which organizations actually use the highest percentage of our donated dollars towards the actual program and not towards administrative salaries and fees.
 
So  before you write that check log on to www.charitynavigator.org
 
 
… (0 comments)

 
Specializing in Brooklyn New York Residential Real Estate in East Flatbush, Flatbush, Old Mill Basin, Canarsie, Bed-stuy, Bushwick, Crown Heights, Kensington, Ditmas Park, Prospect Heights, and Lefferts Gardens . My post will include my Brooklyn Real Estate Homes For sale listings, Real Estate news, local events, photos, Brooklyn New York Civic events, Brooklyn Neighborhood activities, information for Brooklyn New York seniors, consumer information and tips regarding home ownership.


Listings

Links

Archives

RSS 2.0 Feed for this blog