nikic public: Buy a Home, Save Money! - 01/25/10 02:15 AM

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nikic public: 5 BR, 4 Bath house in Pleasantville, NY - $899,000 - 09/16/09 01:36 AM
Pleasantville, NY

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nikic public: How in the world does the market create pricing? - 09/14/09 04:07 AM
How many times have you been in situations where you saw a house that was priced much lower than the same house in another neighborhood or state? I feel that I run into these situations all the time.
So what is it that creates these fluctuations in price? How does the "Free Market" do this?
It's really a lot simpler than most people might imagine.
A house can only be sold for the price that a buyer is willing (or able) to pay. Why do I say able? I say this because most people will pay approximately 1/3rd of their income … (0 comments)

nikic public: Wanna know how to catch a Monkey! - 09/10/09 08:07 AM
Catching up with a friend, we got into the conversation of real estate. Not a foreign subject to either of us since I am a licensed real estate broker, he is a contractor as well as both of us being multi-property owners. The conversation began when I asked him if he knew of a particular large scale property owner. I mentioned that I was trying to reach him in efforts to buy one of his buildings which he purchased 2 years ago and is now in financial trouble.
He proceeded to tell me a couple of stories regarding people that he … (6 comments)

nikic public: Thinking about buying an apartment building in the Bronx? - 09/04/09 08:34 AM
Many of my friends own apartment buildings in the Bronx. I also owned a building there several years ago. If you're unfamiliar with the area, you're probably saying to yourself "Now why would anyone want to buy a building in the Bronx!"
Well, if you're a real estate investor and live in the NYC area, then buildings in the Bronx technically qualify as real estate. Like anywhere else, the Bronx has a wide variety of real estate including warehouses, office buildings, retail centers, private homes, coops, condos and my favorite, apartment buildings.
This was the building that I once owned. It's … (5 comments)

nikic public: Bronx Buildings For Sale - 08/10/09 02:17 AM
In 1994, I bought my first building in the Bronx, a 21 unit 5 story walk-up. I really didn't know what to expect, I had never owned a building before. I remember one night speaking with my wife just before we bought the building. She had said to me "you can teach me how to manage the building, and I'll manage it." I turned and said to her "that's a really good idea, but who's going to teach me?"
As it turned out, I tought myself. Continued to manage the building for several years. The building was mismanaged and needed a … (3 comments)

nikic public: If home prices drop, should property taxes drop? - 10/24/08 01:47 AM
In the current edition of Realtor  magazine, there is an article written by John E. Grippa. He says as home prices drop, so should property taxes.
After reading the article, all I kept thinking was that there seems to be something wrong with this concept. I don't mean that John E. Grippa is wrong; I mean there has to be something wrong with the way taxing jurisdictions create their budgets.
I was always under the impression that a taxing jurisdiction had a certain budget, a somewhat known and fixed obligation to its area. For example, they would add up all the … (8 comments)

nikic public: I Love NY . . . How it all started? - 07/22/08 04:47 AM
The year was 1977, New York City, on the verge of bankruptcy, dreary, dark, crime was rampant. It was like a scene of Gotham City from "Batman." Real estate was so bad; the City of NY became the biggest landlord in the city as landlords abandoned their buildings, the city obligated to pick them up and keep them running. 
So how is it that now, just 30 years later, the NYC real estate market is hotter than ever and everywhere you turn you see the slogan "I Love NY". Even if you're not from NY, more than likely you've seen this … (22 comments)

nikic public: Pleasantville, it's Real and in Color! - 07/20/08 05:20 AM
Often I get asked "Pleasantville? Like the movie?" I reply "yes, only in color". With a population of just over 7,000 and an area of less than 2 square miles, Pleasantville is small yet highly desirable. Located in central Westchester, just 45 minutes from mid-town Manhattan. It's small size does not even warrant school bussing, making it a walking community. All children either walk or are dropped off at school. The Pleasantville schools always rank among the best schools in the country, but one of the things that impressed me most is that every morning (rain, shine, snow or sleet) the … (14 comments)

nikic public: "Only God should be privileged to live alone" - 07/12/08 04:56 AM
My mother is moving in with me, along with my wife and 3 children. Yes, there will be difficult times, but over-all I think it's the best thing. My children will be closer to their grandmother. My wife is very open and understanding with my mom, and as a result I think both will benefit. Me, well, it's my mom, the woman who gave me birth and raised me when I needed her most. How could I turn my back on her now?
This morning, feeling like she may be a burden to us, my mom said "I wish I had … (39 comments)

nikic public: Is your Realtor a "Giver" or a "Taker"? - 07/01/08 03:39 AM
You've heard the phrase, "It is better to give than it is to receive". This may be true depending on who you ask. Everyone we know falls under one of these two qualities. They are either "Givers" or "Takers".
So is your real estate agent a "Giver" or "Taker"? If you don't know, then you don't know your real estate agent well enough to work for you. Get to know your agent. Find out if she is a "Giver" or "Taker".
Why is it important to know this and when your real estate agent should be a "Giver" and when should … (25 comments)

nikic public: New York Rent Control & Rent Stabilization, know the difference! - 06/28/08 03:49 AM
Sometimes people say "rent controlled" but actually MEAN rent stabilized . . . do you know the difference?
There is a difference between rent control and rent stabilization, but the term "rent regulated" encompasses both rent controlled and rent stabilized units. The Rent Guidelines Board has the responsibility for setting rent adjustments for rent stabilized apartments, while the NYS DHCR has jurisdiction over rent controlled apartments.
DHCR - Division of Housing and Community Renewal
Rent Control:
The rent control program generally applies to residential buildings constructed before February 1947 in municipalities that have not declared an end to the postwar rental housing emergency. A total … (8 comments)

nikic public: Westchester County Rent Guidelines 2008 - 2009 - 06/27/08 03:00 AM
                                             for 10/1/2008 to 9/30/09
On June 26, 2008 The Rent Guidelines Board of Westchester County approved the following increases for leases renewed during the upcoming period of 10/01/2008 - 9/30/2009:
1-year Lease term:  4.5%
2-year Lease term:  6.5%
And for those apts where no heat/hot water is provided by Landlords:
1-year Lease term:  3.6%
2-year Lease term:  5.2%
A minimum increase of $45.00 per month was approved for either the 1 or the 2-year lease term
   -The Vacancy Allowance as stated in the Rent Regulatory Reform Act of 1997 continues operative:
20% for a 2-year Lease
19% for a … (0 comments)

nikic public: Montenegro, the Next Monaco! - 06/10/08 01:08 PM
Did you know...
The 51 mile long canyon of the river Tara is the second largest and deepest chasm in the world after the Grand Canyon. Biogradska gora, national park, is one of only three remaining primeval and virgin forests in Europe. Four national parks cover 7% of the Montenegrin territory. Boka Kotorska bay is Europe's most southern fjord. Kotor town is a UNESCO designated world heritage site.All of which makes Montenegro an important tourist destination.
If the name Montenegro does not ring a bell, that is because over the past 60 years Montenegro has been a part of various … (25 comments)

nikic public: Print My Blog! - 06/06/08 12:54 AM
Recently, someone asked me if they could print one of my blogs so that they could share it with their family at the dinner table. I didn't see any problems with that, so I said of course (I actually felt honored).
Then several days ago, I read a blog Printing tip for AR blog posts - CLOSE THE TAG CLOUD that got me thinking. I realized that there were probably more people printing blogs that I might have imagined.  
I looked over my blogs and decided to create them in pdf, and a link "print this blog". This would allow a perfect print each … (28 comments)

nikic public: 17 Daniele Lane Millbrook, NY 12545 - 05/29/08 02:21 AM
28 units on 24 acre former horse property!  
Price: $2,240,000 (7% CAP rate) 
Private road, pond, all flat and open fields (former horse property), zone multi-family, great development potential, laundry room waiting to be finished for added income, plenty of parking, new horse fencing. 
Excellent rent-roll with plenty of opportunity for further growth. This is the largest multi-family property in Millbrook. 
Price:             $2,240,000  
Expenses:    $87,000
NOI:                $157,000 
Interested? Call for financials, rent-roll, etc. 
Call Peter Nikic (914) 804-0037 or visit website: www.broadnbailey.com
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nikic public: Finding Riches in the Rubble! - 05/07/08 10:46 AM
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nikic public: Location! Location! Location! . . . . for a Domain Name? - 04/28/08 08:21 AM
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nikic public: Rule #1: Follow Rule of 72! - 04/18/08 03:19 AM
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nikic public: What's in a Domain Name? - 04/17/08 09:45 AM
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Peter  Nikic (Broad & Bailey Realty LLC)

Peter Nikic

Valhalla, NY

More about me…

Broad & Bailey Realty LLC

Address: 20 Broadway, Valhalla, NY, 10595

Office: (914) 644-8215

Mobile: (914) 804-0037

Email Me



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