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

April Market Reports: 3 Important Takeaways May 30, 2019 OVER 1,000 MANHATTAN HOMES ENTERED CONTRACT IN APRIL. According to the  StreetEasy April 2019 Market Reports,  the New York City sales market may be strengthening. This news comes after months of weakening prices across the city, rising share of price cuts and growing days on market. Read on for three takeaways from our most recent report that will offer you and your seller encouraging signs. Nearly 1,200 Homes Entered Contract in Manhattan This April The context:  The number of pending sales in Manhattan rose by 26.6% year-over-year to 1,193 in April. That marks an annual increase of more than 250 and the most homes to enter contract since 2015. Upper Manhattan saw a lot of contact activity with pending sales doubling to 132 from 66 the year before. Washington Heights and Central Harlem led the charge with 53 and 29 homes entering contract, up by 104% and 53%, respectively. The takeaway:  More so t...

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...