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morgan evans: Fantastic Studio at the Gramercy Starck - 12/17/08 10:27 AM
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morgan evans: Chaos at the Closing Table - 12/16/08 08:47 PM
The closing table at a New York City closing is organized chaos to the casual observer. New York is an attorney state, no escrow companies who handle the closings in most of the rest of the country. Depending on the type of property being purchased will determine the specific players who will be at the closing, but let's take for example the co-op closing that I was at last week.
Both the buyer (husband and wife) our customers and the seller (husband and wife), both buyer and seller have the attorney's who have been representing them at the closing, the … (2 comments)
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morgan evans: New York City First time home buyer and Investor MUST READ! The Financial Report of the Building pt. 3 of 5! - 12/11/08 09:37 AM
Part 3 - KNOW THE FINANCIAL REPORT OF THE BUILDING:
Whether you are a first time buyer or a seasoned investor buying a New York City Condo, Co-Op, Condop, or Townhouse it is important to understand the full financial picture of the building. When you are buying an apartment, besides buying the single apartment unit in the multi-dwelling complex you are also buying into a building. Having a financially sound building can help avoid any future unexpected costs. A number of common questions usually asked by prospective buyers are does this building have any upcoming assessment, what is the underlying mortgage, if … (5 comments)
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morgan evans: Gramercy Starck 2 Bedroom/2 Bath Must Rent! - 12/11/08 08:17 AM
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morgan evans: Manhattan Prices Drop 8 Percent! - 12/04/08 02:59 PM
According to the appraisal firm Mitchell, Maxwell & Jackson the average home price in Manhattan has fallen 8.8% since the beginning of 2008. The number of contracts signed in September and October is 75% lower than the same time last year.
These numbers are not that surprising but are the first to specifically indicate that the once red hot real estate market has slowed down significantly . Manhattan is the epicenter of the financial markets and is directly affected by the job losses and turmoil. The lag time between properties going into contract and closing in Manhattan is significantly greater than … (9 comments)
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morgan evans: Is Battery Park City coming to the Upper West Side of Manhattan? - 11/30/08 09:48 AM
I have been reading a few different articles and on-line postings regarding the development of a specific tract of land on the Upper West Side/Lincoln Square area near the Hudson River. Here are my findings.
Once known as Trump City, Extell Development Co. has finally unveiled their plans for Riverside Center. The plan is said to resemble Battery Park City rather than the West Side and stretches from 59th to 61st St.
The proposed area is currently a couple of parking lots. These parking lots would be transformed into a mega complex of 3.3 million-square-feet. The plan will involve 5 glass … (2 comments)
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morgan evans: What Makes New York City Amazing! The Macy's Day Thanksgiving Parade! - 11/27/08 11:15 AM
So a few days ago I decided I wanted to go see the Macy's Day Parade for the first time. Living in New York City I called the parade hotline wanting to know the logistics of what time the parade started, finished and most importantly what time do people start lining up to see it. The gentlemen said that people start lining up around 5am for a 9am start and about an 11am finish. I didn't know how I was going to convince my girlfriend to wake up that early to see that parade. Luckily we live in the Upper West Side … (17 comments)
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morgan evans: What Buyer Incentives Work and What Don't? - 11/17/08 09:22 PM
Unlike the rest of the country New York City has just turned into a full scale buyer's market. We were riding a meteoric rise in prices and now we are in the eye of the storm of the financial market crisis. The New York City real estate market and Wall Street have such strong ties that when Wall Street succeeds a lot of that wealth flows into the real estate market. Now that Wall Street is restructuring itself, a lot of prospective buyers are sitting on the sidelines waiting to see what happens.
I just took a new listing with a … (1 comments)
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Morgan Evans-New York City Real Estate Expert
Manhattan,
NY
More about me…
Prudential Douglas Elliman
Address: 26 W 17th St Floor 7, New York, NY, 10011
Office Phone: (212) 321-7147
Cell Phone: (917) 837-8869
Email Me
New York City Manhattan Real Estate agent specialize in Manhattan Condominium market such as Resale Condominiums, New Construction condos and condops. We work with first time home buyers, foreign buyers, investors. We Specialize in neighborhoods: Upper West Side, Chelsea, Midtown West, Midtown East, Nolita, Lower East side, Greenwich Village, Soho, Union Square, Financial District in Manhattan.
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