Milton's Blog

Apartment For Rent/Lease in Wakefield, Bronx, New York $1,000 monthly

Bronx Local Events- Sunday, December 13, 2009 / 3pm A Bronx MESSIAH

FREE BRONX MLS Home Search

Doctors Office???? Bronx Storefront For Lease-High traffic couple of block from Montifiore Hospital

Supermarket Pharmacy & Discount Store & Doctors - Needed for Spaces

Commercial Real Estate for Rent/Lease Burnside (Pharmacy, 99 cent etc)

Industrial Space for Lease- Bronx /Mount Venon Border 60x100-$6000 / 6000ft²

Bronx For Sale: 2 Bedroom COOP-Fully Renovated-Granite, Marble, Hardwood, Parking etc.

Bronx For Sale: Vacant Land $49,000-WHY A HOUSE WHEN YOU CAN BUILD 4 LESS?

Buyer 101: Coops-Sponsor Please…. or Not?

Rant & Rave: Builders of Tomorrow?

All cash deals for handyman specials, fire damaged homes and land/lots

Buyer 101: COOPS -Who's Your Foe, The Board or The Banks?

Buyers Complaint 101- Stop Pushing Me To Sign The Contract! Is the Seller Correct?

COOP Apartment-770 sqft Sponsor Unit 1 Bedroom, New Renovations $110,000

$1,100,000, Baychester: Restaurant For Sale Corner Property-Close too All

North Bronx: 2 BR COOP Fully Renovated-Walk to Transportation-over 800sqft

NEED FREE MLS SEARCH?-Bronx and Lower Weschester (Mount Vernon & Yonkers)

For Lease/For Rent: 3000sqft for $2500-East Tremont 3rd Ave Vicinity

For Lease/Rent: Fully Equipped Restaurant-Crotona Park East

Soundview Vicinity: 4 Family Hanyman For Sale, Make Best Offer

Fordham: 1600 sqft For Lease-High Foot Traffic Area

Fordham: Comercial Storefront For Rent-High Foot and Car Traffic Area

Make Best Offer! Vacant Lot w/Approved Plans. 12+ Commercial

Warehouse: 2 Story + Parking: Take All Or Part

Buyer 101: COOPS -Who's Your Foe, The Board or The Banks?

Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Thu, 03 Dec 2009 17:56:56 -0600

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10466-Bronx (Wakefield)

FOR RENT
$1,000 Monthly Spacious with Closets

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	Type: Residential Style: Apartment Bedrooms: 1 Bathrooms: 1 Suite: No Living Area: 700 square feet Year Built: 0 More Details

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	Wakefield Vicinity- Spacious second floor 1 BR with eat-in kitchen. Bedroom and living closets plus Hardwood floors. 3 block to #2 Train (233rd stop) & Manhattan Express Bus. Negotiable. Salary minimum $36,000. No pets, no smoking, no washer, no dryer. More Description

Information is deemed to be correct but not guaranteed.

Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Sun, 29 Nov 2009 23:40:33 -0600

Bronx Local Events

                                            Sunday, December 13, 2009 / 3pm A Bronx MESSIAH
                                                                  by the Bronx Chorus
                                                   at the Lehman Center at Lehman College

http://www.lehmancenter.org/shows/messiah.html

Milton Johnson

Licensed Associate R.E. Broker
Milton D. Johnson

www.milton4realestate123.com

see:
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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Sun, 25 Oct 2009 22:36:23 -0500

Multiple Locations available

See the following website for more details:

www.milton4realestate123.com

Milton Johnson

Licensed Associate R.E. Broker
Milton D. Johnson

www.milton4realestate123.com

see:
BRONX-For Sale, For Rent, Free MLS Search, All Cash Deals, FREE Home Evaluation

For updates and click to Join my:
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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Sun, 25 Oct 2009 22:29:23 -0500

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10467-Bronx (Norwood)

FOR RENT
$1,900 Monthly Montefiore Hospital

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	Type: Commercial Style: Commercial Suite: No Living Area: 440 square feet Year Built: 0 More Details

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	Storefront For Lease-High traffic couple of block from Montifiore Hospital and North Central. Nursing Home and schools a few blocks away. 440sqft, 22x20. Possble 1000sqft nextdoor at 45sqft. Great for doctor and/or medical supply company. NNN Lease (tenant pays tax increase july 1st for their portion) Call for details. More Description

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Gunhill Rd (google map) (yahoo map)

Location: Norwood (Walk to Montefiore Hospital)
it's NOT ok to contact this poster with services or other commercial interests

Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Mon, 12 Oct 2009 17:36:47 -0500

Multiple Locations available for Supermarket & Pharmacy & Discount Store & Doctor

Email or call me for more details

Milton D. Johnson
Licensed Associate Real Estate Broker
J.A. Villani Real Corp.
milton@milton4realetate123.com
917.676.6421
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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Mon, 12 Oct 2009 15:22:03 -0500

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10453-Bronx (Burnside)

FOR RENT
$2,500 Monthly

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	Type: Commercial Style: Commercial Suite: No Living Area: 1,000 square feet Year Built: 0 More Details

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	Commercial Space-Walk-In Street Level storefront 10x100sqft. High foot and car traffic area Close to bus and train. Near other stores. Great for Pharmacy discount store etc. Tenant pays rent+water/sewage+ percent of taxes. More Description

LID 5787562

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Mon, 12 Oct 2009 14:11:05 -0500

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Title : 10550-Mount Vernon (Southwest Mount Vernon)

FOR RENT
$6,000 Monthly Asking $12 for Industrial

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	Type: Commercial Style: Commercial Bathrooms: 1 Suite: No Living Area: 6,000 square feet Year Built: 0 More Details

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	West-Bronx Westchester border Industrial space 6000sqft (approx.100x60) with 18ft ceilings. Space near Bronx River Parkway and Metro north Harlem Line (Mt. Vernon West). Loading and loading easily accessible by large rear bay door or front freight elevator. Call for appointment. More Description

LID 5787385

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Tue, 06 Oct 2009 17:10:04 -0500

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10467-Bronx (Olinville)

FOR SALE
$179,000 Bus & Train Near By!

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Living Room View 1

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	Type: Residential Style: Apartment Bedrooms: 2 Bathrooms: 1 Suite: No Living Area: 920 square feet Year Built: 1953 More Details

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	OLINVILLE VICINITY- Spacious fully renovated 2 bedroom with dining area. Kitchen-stainless steel appliances (filtered ice maker and water), new cabinets, granite counter top, imported slate tile floor. Bath-marble floor to ceiling, new shower body and plumbing. 4 ceiling fans included. Apartment move in condition. Walk to bus, #2 Train or Metro North (Harlem Line). More Description

LID 2192026

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Tue, 06 Oct 2009 11:37:44 -0500

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10460-Bronx (Parkchester)

MLS #2930668 FOR SALE
$49,000 Priced for Quick Sale!!!

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	Type: Lots and Land Style: Unknown Suite: No Living Area: 1,481 square feet Year Built: 0 More Details

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	Parkchester Vicinty- Great to possibly build starter home or enclosed garage on vacant lot. 5 minutes to Bronx River , Cross Bronx and Sheridan Expressway. Walk to 2/5 trains 180 St and 6 Train Parkchester stop. More Description

LID 5577942

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Sun, 04 Oct 2009 21:22:52 -0500

Buyer 101: Coops-Sponsor Please…. or Not?

Ok you did all your research, COOP vs. Condo, and decided a Coop apartment is for you!

You also have the cash credit and income to buy at a certain price. So all you have to do is find an apartment in an area you find comfortable.

Is it that easy? No quite that easy.

Board Approval Units

In general, most Coops utilize the board approval process. To put it simple, the board’s job is to screen potential Buyers. In some cases having a board is good in other cases it is bad. You can pass the Board very easily or you could be rejected for financial reasons and/or personal conflicts with the board members.

Pros-Screen tenants, more units are available because they are resales so more selections, a good board usually selects good neighbors

Cons-A difficult board may reject you even if your qualified, are sometimes not renovated by owners

Sponsor Units

Some people find the Board approval process unpleasant. So those people may purse what we call Sponsor Units. These units do not have Board Approval Process. The units are being sold for the 1^st time by the development that sponsored the conversion from rentals to a Cooperative. Typically, if you get a mortgage you get the apartment. That sounds great? It is a definite option to the Board Approval Process.

Pros-Less picky, you get the mortgage you get the unit, sponsor usually does complete renovation.

Cons- some back will not lend depending on % of owned units, sponsor is less selection than board

View My Coop Blog Below and Upcoming Blogs

Upcoming blogs

"the pros and cons of the board approval process"
"Coops vs. Condo"

Milton D. Johnson
Licensed Associate Real Estate Broker
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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Sun, 04 Oct 2009 19:54:27 -0500

Rant & Rave: Builders of Tomorrow?

But many years ago and every now and then today, a builder actually has a vision of maximizing light, space and overall beauty of a home in addition to how one room flows to another.

We all have our strengths and weakness. Unfortunately for many builders today, weakness is their strongest attribute.

They call themselves builders because they have the money any can hire people to put together “homes” (using the word loosely). They insult people intelligence with ridiculous prices for tiny homes. I know your all guessing, Hmm, does he like builders. Actually I do some will not buy land that the can not build a decent size house. Of course their motivation is that a larger home is easier to sell. But at least those builders are on the right track

So my advice builder is “build with care, build as if you would live there.”

Then you product would sell easier and agents would find better buyers for you.

Motivated from a Blog by "Home That Leave You Speechless" by Catherine Paris

Milton D. Johnson
Licensed Associate Real Estate Broker
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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Wed, 30 Sep 2009 11:19:02 -0500

Is An All Cash Deal Good For You?

The investors that I use buy properties all cash , in 30 to 45 days, no mortgage contingencies, in all 5 Boroughs of New York City. Offers are made within 48 hours.

Homes

Is your property in need of of a tremendous amount of repair?
Is your property fire damaged and your unable to make the repairs?

Foreclosure

Are you behind in mortgage payment and close to foreclosure?
Do you want to step away from the property with money?

Lots

Is your land is vacant or has a garage?
Do you have 1 more more lots next to your home that you are willing to sell?

Contact me for a FREE Evaluation or if you need to know if all cash deal is good for you.

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Tue, 29 Sep 2009 23:29:59 -0500

Buyer 101: COOPS -Who's Your Foe, The Board or The Banks?

This is a great question to ask while the mortgage turmoil is occurring across the US.Prior to the turmoil Coop Boards were typically harder to get an approval from, much harder than than banks. Well, as of Fall 2009 the banks are taking the lead and are making COOP buyers work even harder to get a mortgage commitment.

COOP REQUIREMENTS

If you are interested in buying a Coop apartment, there COMMON requirements that you may know of. Some are:

Board Approval which is a review of your application (your basic profile, work family). If you fortunate you may have a sponsor unit which do not need Board approvals but have there own pros and cons.
(Please view my next BUYER 101:COOPS PURCHASE-SPONSOR UNITS PROS & CONS)
Minimum Down payments are typically at 10%, but less frequently, some Coops have higher minimums as high as, 20% to 25%, or more
Income Requirement restrict individuals with incomes too low or too high depending on the Coop. Minimum income requirements are usually control the ability of buyer to afford the unit; Maximum income impairments are usually for starter Coop to promote ownership among those with lower incomes

BANK REQUIREMENTS

PRE-TURMOIL Banks followed the 10% down format and left it up to the individual Coops to require higher down payments. As long as the person was credit worthy and had reserves in the Bank.
MORTGAGE CRISIS is causing the banks to more restrictive than the Coops Boards. If buyer credit SCORES are not close to 700, the banks may require the buyer to have 20% down. So a basic rule to use now is if any of your scores is below 700 serious consider 20% or you may an increased likeliness to be denied the loan. Even if you have the reserves in the bank and enough income.

Of course consult a mortgage professional familiar with Coops Sale in Your Area to See Best Your Option

MILTON D. JOHNSON
Licensed Associate Real Estate Broker
917.676.6421
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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Sun, 27 Sep 2009 20:02:38 -0500

Why Do Sellers Rush Buyers to Sign A Contract While A Buyer is Reviewing A Home Inspection?

Please understand in NYC A Seller can entertain as many offers as they wish until there is a signed contract. So, you can lose any money invested prior, for example home inspection, terminte inspection, plummers etc.

My Response:

Home Inspection:Scheduling and Review

A lot of times buyers take a long time scheduling inspection, reviewing the results and then at the end decide not to go ahead with the deal. As a result, sellers end up losing deals with other qualified and motivated buyers. Just think if you were in their sellers shoes.
Usually New Buyers do not want to make an offer and do home inspcetion when some else is doing the same

Giving The Buyer Adequet Time

On the other hand, the seller has to give the buyer enough time to do the inspection, a week is fine, and another week review and negotiate the results of the report. The review time and negotiaton time may be longer in case you need estimates for major repairs. Any longer is a waste for both parties especially if the delay is caused by both not agreeing to 1 or more terms. Move on, there are more homes out there or give in to the term(s), waiting a month to come to this realization does help anyone. Who knows, the seller may come back and say they agree after you moved on or you as the buyer may reconsider and take the deal later.

Signing The Contract

Now if the both the parties agree to certain terms have your attorney add the terms (usually called addedum) to the contract, sign it and send it to the seller attorney to be signed ASAP. Once the seller signs you have a deal, the terms of the agreement have to be met prior to closing.
Some terms to be added to the contract maybe- New Appliances, a new boiler, fixing the roof, etc.

If you delay and someone offers more money and better terms to seller and you can loss the deal and all your effort and the money you spent.

So moving quickly, but cautionously, is in the Buyer's best interest.
If the price is right move forward, if it doesnt feel right, let it go!

Buyers and Brokers, have You experieced a simliar problems? Tell Me how You Handled it?

Milton D. Johnson

Licensed Assocciate Real Estate Broker

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Tue, 12 May 2009 10:29:33 -0500

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City Neighbourhood 10467-Bronx (Norwood)

FOR SALE
$110,000 New Renovation

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Milton D. Johnson Email Milton D. Cell: 917-676-6421 Fax: 646-808-0836
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	Type: Residential Style: Apartment Bedrooms: 1 Bathrooms: 1 Suite: No Living Area: 750 square feet Year Built: 0 More Details

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	Norwood Vicinity-No Board Approval! Sponsor unit! 770sqft One Bedroom. New appliances, kitchen, bath, fixtures and outlets. Bedroom closet, linen and coat closet. hardwood floors. In an elevator building with intercom and washroom on 1st floor. 1 block to D train. Miimum 10% down + closing (Aprox $14,000 to purchase). More Description

Brokered and Advertised by J.A. Villani Realty Corp. LID 2327710

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Tue, 27 Jan 2009 23:58:02 -0600

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10469-Bronx (Baychester)

FOR SALE
$1,100,000 Well Maintained Property

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	Type: Commercial Style: Commercial Suite: No Living Area: 4,600 square feet Year Built: 1950 More Details

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	BAYCHESTER VICINITY- Single tenant occupying restaurant with rear lounge in a 4600sqft space. Highly visible, high traffic area. Income Approx. $96,000 a year. More Description

LID 2189842

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Tue, 27 Jan 2009 07:57:31 -0600

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10467-Bronx (Olinville)

FOR SALE
$179,000 Bus & Train Near By!

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	Type: Residential Style: Apartment Bedrooms: 2 Bathrooms: 1 Suite: No Living Area: 800 square feet Year Built: 1953 More Details

	Description


	OLINVILLE VICINITY- Spacious fully renovated 2 bedroom with dining area. Kitchen-stainless steel appliances (filtered ice maker and water), new cabinets, granite counter top, imported slate tile floor. Bath-marble floor to ceiling, new shower body and plumbing. 4 ceiling fans included. Apartment move in condition. Walk to bus, #2 Train or Metro North (Harlem Line). More Description

LID 2192026

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Tue, 13 Jan 2009 15:22:35 -0600

See the following website for more details: www.milton4realestate123.com

Milton Johnson
Licensed Associate R.E. Broker J.A. Villani Realty Corp.

www.milton4realestate123.com

see: For Sale, For Rent, Free MLS Search, All Cash Deals, FREE Home Evaluation, Buyer & Seller Quiz and Info

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Tue, 13 Jan 2009 15:14:48 -0600

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10457-Bronx (East Tremont)

FOR RENT
$2,500 Monthly Priced To Lease

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	Type: Commercial Style: Commercial Suite: No Living Area: 2,850 square feet Year Built: 0 More Details

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	EAST TREMONT-Price for leasing at about 10sqft.Large open 2850 sqft 3rd Floor space. Great for offices, dance and/or music studio. Call for details, showings and additional space for rent. More Description

Brokered and Advertised by J.A. Villani Realty Corp. LID 2139491

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Tue, 13 Jan 2009 15:11:40 -0600

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10459-Bronx (Crotona Park East)

FOR RENT
$1,900 Monthly EQUIPPED RESTAURANT

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Front

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	Type: Commercial Style: Commercial Bathrooms: 1 Suite: No Living Area: 533 square feet Year Built: 0 More Details

	Description


	CROTONA PARK EAST-Fully equipped take-out for rent/lease. Equipment available for use: 3 fryers, stove, refrigerator and freezer. Great opportunity for take-out and delivery because of limited competition. Separate gas, electric and water meters. Only pay rent and utilites! More Description

Brokered and Advertised by J.A. Villani Realty Corp. LID 2163049

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Fri, 10 Oct 2008 21:44:07 -0500

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: zipcode-City ( Neighbourhood )10472-Bronx (Soundview)

FOR SALE
$450,000

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	Type: Residential Style: 2 Story Bedrooms: 8 Bathrooms: 5 Suite: No Living Area: 3,200 square feet Year Built: 1926 More Details

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	SOUNDVIEW VICINITY- Handyman Special Legal 4 family Semi-Detached: Two-2 room studios plus Two-3 bedroom apartments. Basement full and finished. Also party driveway. All cash offers only! Contact for more details. More Description

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Fri, 10 Oct 2008 21:29:09 -0500

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10458-Bronx (Fordham)

FOR RENT
$6,500 Monthly <Large Open Space

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	Type: Commercial Style: Commercial Bathrooms: 1 Suite: No Living Area: 1,600 square feet Year Built: 0 More Details

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	Fordham Vicinity- Storefront is near hospital with approximately 2000+ residents within 1 block radius. High volume of foot and car traffic. Great for a variety of business (Liquor Store, formerly a grocery etc). Store dimensions 30x53 with 13 foot ceilings. Additional 600+ space available for possible expansion. Call for details and showing. More Description

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Fri, 10 Oct 2008 21:20:19 -0500

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10459-Bronx (Fordham)

FOR RENT
$2,450 Monthly

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	Type: Commercial Style: Commercial Bathrooms: 1 Suite: No Living Area: 663 square feet Year Built: 0 More Details

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	Fordham Vicinity-Extremely high traffic, both foot and cars. Great exposure for any type of business. One block to Fordham road. Bus and train minutes away. 663 sqft with 13 feet ceilings. Over 500 apartments within eyesight. Formerly a laundromat (which is needed in the Area). Possibly expandable into 1600sqft next door. More Description

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Fri, 10 Oct 2008 21:10:59 -0500

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10458-Bronx (Fordham)

FOR SALE
$650,000

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	Type: Commercial Style: Lot / Land Suite: No Living Area: 3,854 square feet Year Built: 0 More Details

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	Fordham/Tremont Vicnity- VACANT LOT-Buildable, zoning C2-4/R7-1, apporved plan for a mixed used building, almost 17,000 sqft, 1 story community center plus 12 apartments. Will be delivered with plans. More Description

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Milton Johnson, Associate Broker, Bronx NY (J.A. Villani Realty Corp.) — Fri, 10 Oct 2008 21:00:09 -0500

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10455-Bronx (Melrose)

FOR SALE
$1,375,000 2 Building, 2 Lots

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House 3333sqft + Warhouse 4000sqft

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	Type: Commercial Style: Commercial Bedrooms: 5 Bathrooms: 3 Suite: No Living Area: 5,000 square feet Year Built: 1899 More Details

	Description


	The Hub/Melrose Vicinity-Property is 50x100 with 2 buildings. There is a 2 story warehouse with approximately 2000sqft each floor. Also, 2 family home with 4 bedrooms over 3 bedrooms (can be used as offices) plus full finished basement. Long driveway that can fit 6 cars or a few trucks. CAP RATE 7% More Description

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