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Lord & Taylor: On the Street – Episode 1

By |2022-01-21T14:10:03-05:00January 5th, 2019|Tip of the Day|

This month marks a very sad day for many New Yorkers and people around the world. The famed and iconic Lord & Taylor storefront will be closing it's doors for good. The prized location at 5th avenue and 39th street has been sold to We Work for more than $800 million. At 656,000 square feet,

Meatpacking District: On the Street – Episode 4

By |2022-01-21T14:10:03-05:00January 5th, 2019|Tip of the Day|

This edition of "On the Street" takes us to the Meatpacking district just below Midtown West. Once the home of nations largest meatpacking facilities, this area has transformed drastically during the past few decades. Meatpacking district is now a place filled with nightlife, hotels, bars and restaurants. There are outstanding retail locations including the Apple

Grand Central Terminal: On the Street – Episode 2

By |2022-01-21T14:10:03-05:00January 4th, 2019|Tip of the Day|

Grand Central Terminal is a New York masterpiece. Being a born and raised New Yorker, Grand Central has always been a place I have visited frequently. Whether traveling the 4 train to Yankee games, connecting to other subway lines or meeting clients for coffee in the terminal, it's a destination that cannot be missed. Grand Central

Tip #28: Resources and Vendors

By |2022-01-21T14:10:03-05:00May 1st, 2017|Tip of the Day|

Resources and Vendors With the advances in technology allowing buyers and sellers to browse online real estate platforms, the additional value a Broker may bring to the table is their access to experienced resources and vendors that can assist with real estate transactions. Real estate deals can come to fruition very quickly, but also fall

Tip #27: Hairy Properties

By |2022-01-21T14:10:03-05:00May 1st, 2017|Tip of the Day|

Hairy Properties When purchasing investment property, many investors look for assets that may be distressed, in trouble of have some "hair" on them. What does a Hairy Property actually mean? The definition of a Hairy Property is one that has the ability to add value, but needs work to bring up to speed. There are

Tip #26: Residential vs Commercial Investments

By |2022-01-21T14:10:03-05:00May 1st, 2017|Tip of the Day|

Residential vs. Commercial Investments You've made some money and now are looking to invest in real estate. Your close friend owns multi-family residential property, while your colleague purchased a commercial property a few years ago. Which one is right for you? There are several differenced when deciding wether to invest in residential or commercial properties.

Tip #25: What is the EB5 Program?

By |2022-01-21T14:10:03-05:00April 25th, 2017|Tip of the Day|

EB5 Program If you live in a foreign Country and are looking to invest funds in the United States or possibly obtain U. S. Citizenship, you may have heard of the EB5 program. The EB5 program was created by Congress in 1990 for foreigners to obtain potential U.S. citizenship and green card application status. It is

Tip #24: International Investors

By |2022-01-21T14:10:03-05:00April 25th, 2017|Tip of the Day|

International Investors If you live overseas and are looking to park your money in a a safe investment, there is no greater opportunity than purchasing Manhattan Real Estate. While other Countries may succumb to political and economic risk, New York City, Brooklyn and other parts of the Tr-State area, are very stable and generate consistent,

Tip #23: What is a Cap Rate?

By |2022-01-21T14:10:03-05:00April 25th, 2017|Tip of the Day|

What is a Cap Rate? When purchasing an investment property, many investors look at the Cap Rate. This is short for Capitalization Rate. This calculation is the following: Capitalization Rate = Sales Price/NOI For example, if the purchase price is $10 Million and the Net Operating Income is $1 Million, the Cap Rate will be

Tip #22: What is a 1031 Exchange?

By |2022-01-21T14:10:03-05:00April 25th, 2017|Tip of the Day|

What is a 1031 Exchange? It seems almost every other day, a client contacts our firm in need of a 1031 exchange property. They are unfamiliar with the 1031 exchange and need guidance from beginning to end. As an experienced 1031 exchange Broker, it is our goal to provide the best possible investment property for