Tuesday, January 14, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
You know all those ultra-slender, ultra-fancy tower condominiums that have been popping up out of the Manhattan concrete since 2015? Next time you look at one, bear in mind that half the condos in them are empty. Surprise! No buyers, according to Nancy Packes Data Services. The other half are probably Starbucks that have gone vertical.
The reason for all the empty rooms over Manhattan: a combination of overly aggressive pricing and a growing public disdain for the skyline-disrupting mansions in the clouds. But really, it's all about pricing.
Comparing the prices of new development units to resale units over the last decade tells the story. In 2012, new units sold for a 22% higher prices than resale units. At the end of last year, the premium was 118%.
Nancy Packes lists three reasons for the “extraordinary oddity of the current cycle. ”
According to Packes, buildings comp ...
Friday, August 31, 2018 / by Vanessa Saunders
We just sold this fabulous condo in Port Chester with 3 bedrooms, 3 baths and fantastic location near EVERYTHING! If you're looking for similar properties in the Westchester County area, feel free to use our no-charge search engine by clicking HERE
Friday, May 11, 2018 / by Vanessa Saunders
The Broadpark Lodge is a beautiful **Pet Friendly** pre-war, Tudor-style cooperative in the heart of downtown White Plains, within walking distance to shops, The Westchester Mall, City Center, Restaurants, Movie Theatre, several Health Clubs, many nightlife locations. Nearby walking & bike trails, buses and the Metro North Railroad (35 minute express to NYC).
This spacious 2 BR/1 Bath unit has high ceilings, hardwood floors, sun room/dining alcove with kitchen has recently been updated to include custom built-ins and dining area.
Reserved outdoor parking space across the street in a private lot that can be transferred to the buyer at $125 per month for a car! $339,000.