The Next Move Team - NCY Real Estate Experts for Baby Boomers / Seniors Real Estate Needs

Over 60: Why Own When You Can Rent? Older renters in New York City outnumber millennial renters. They also outnumber homeowners in their age range. "When I come back from visiting Long Island and I see the buildings of Manhattan, I feel secure," said Marcelle Shaoul, 90, who moved from a condo in Manhasset to a rental on the Upper East Side. Credit Stefano Ukmar for The New York Times Image "When I come back from visiting Long Island and I see the buildings of Manhattan, I feel secure," said Marcelle Shaoul, 90, who moved from a condo in Manhasset to a rental on the Upper East Side. Credit Credit Stefano Ukmar for The New York Times By  Joanne Kaufman May 3, 2019 https://www.nytimes.com/2019/0 5/03/realestate/over-60-renter s.html?smid=nytcore-ios-share Does New York City have a bigger booster than Marcelle Shaoul? This is an easy question: It does not. She loves listening to the garbage trucks as they make...

Inspir Carnegie Hill: Luxury Senior Housing w/ Sky Garden Rises on the Upper East Side : According to a report from City Comptroller Scott Stringer, New York City’s population is growing older and the number of residents over the Renderings of Inspir Carnegie Hill (Images: Maplewood Senior Living/ DBOX Inspir Carnegie Hill lobby (Image via Handel Architects Image via Handel Architects Image via Handel Architects Image via Handel Architects Inspir Carnegie Hill restaurant (Image: Maplewood Senior Living/ DBOX

Lee Radziwill’s longtime Upper East Side home lists for $5.7M The apartment is the only unit on the building's 15th floor, and has the sort of gracious layout you’d expect from a stately Upper East Side co-op. For $52M, a huge triplex in a Rosario Candela-designed Upper East Side co-op Apartments at 990 Fifth Avenue, a grand, Rosario Candela-designed co-op building, don’t come up for sale very often. For $695K, a charming Midtown East co-op near Sutton Place The 785-square-foot space is big and bright, with plenty of charming decorative details, including a fireplace and built-in bookshelves. Essex Street Market’s longtime Lower East Side home closes this weekend The vendors at the nearly 80-year-old market will soon move to a new space in the Essex Crossing megaproject Developer’s proposed ferry link between Astoria and Upper East Side gains tentative support A Manhattan community board committee has reservations, but ulti...

REAL ESTATE AGENTS- TRANSFER AND MANSION TAX INCREASES WILL AFFECT YOUR CLIENTS' TRANSACTION COSTS   Effective July 1, 2019, all real estate closings in the State of New York will be affected by the recent increases in the transfer and mansion taxes but the new law will not apply to conveyances made pursuant to binding contracts entered into on or before April 1, 2019 even if the transaction closes after July 1, 2019. The purchaser and/or seller will have to prove the date of execution by independent evidence such as a recorded contract, payment of a deposit on contract or other facts and circumstances determined by the NYS Commissioner of Taxation and Finance.   Clearly, when you are discussing the costs to be incurred by a seller or a purchaser ready to enter into a contract of sale, it is imperative that you provide your client/customer with accurate information and knowing the particulars of the new tax laws imposed by New York State is of the utmost importan...

WHEN IS A COMMITMENT LETTER NOT A BANK COMMITMENT: WHEN THE PURCHASER FORFEITS THE DEPOSIT BECAUSE OF IT   All real estate agents and purchasers beware!! In residential real estate transactions where financing is involved and the contract of sale is contingent on the purchaser's ability to obtain financing (of course there are transactions which allow the purchaser to obtain financing that do not provide for a contingency), it is imperative the purchaser and the buyer's agent understand the complexities of the mortgage clause in the contract of sale.   The purchaser has been pre-approved by a lender and the transaction is well on its way to a successful conclusion depending on the application review by the cooperative corporation or condominium board of managers, if applicable. True to her word, the lender issues a commitment within forty-five days of the contract execution. Unfortunately for the purchaser, seller and the real estate agents, the commitment is anyth...

Here are your New Year’s Eve street closures for Times Square Everything you need to know about the ball drop Where to watch New Year’s Eve fireworks in NYC Four alternatives to spending New Year’s Eve in Times Square or stuck at home. Downtown Brooklyn may sprout 942-foot tower The development as planned would be the densest in Brooklyn. Historic Clinton Hill carriage house with massive backyard wants $3.4M The three-level home, located at 314 Waverly Avenue, could use a modern makeover, but there’s plenty to work with. 4 open houses in Clinton Hill to check out this weekend If your’e looking to buy in the neighborhood, here’s a few places worth considering Here are your New Year’s Eve street closures for Times Square Everything you need to know about the ball drop Everything you need to know about getting around NYC this New Year’s weekend Major changes coming to New York’s streets, subways, buses, and more THINKING ABOUT SELLING AND/OR BUYING IN...