Tag Archives: Real Estate

AG announces foreclosure prevention grants


| aaltman@queenscourier.com

Statistics show that Queens is the borough with the highest share of first-time foreclosures in 2012, and now Attorney General Eric Schneiderman has announced that his office plans to award $3 million in foreclosure prevention services to assist New Yorkers struggling with possible foreclosure. The grant includes $1.5 million for organizations serving New York City.

In January, Schneiderman sought assistance from 31 non-profit legal outfits and legal-aid organizations to provide services to homeowners in foreclosure or at risk.
“As our state faces tight budget times, we must be creative and aggressive in our efforts to support working families who are struggling to stay in their homes,” said Schneiderman. “Funding legal services is essential to bringing relief for the homeowners and communities that have been devastated by the crash of the housing market, and these grants will provide thousands of New Yorkers with the legal expertise they desperately need to defend their rights in court.”

Schneiderman designated a separate $15 million of the $132 million out of the national mortgage servicing settlement as additional funding for foreclosure prevention; $9 million of those funds will be set aside to help the state’s Foreclosure Prevention Services Program – a service previously set to expire on April 1, and $6 million will go towards housing and community renewal initiatives statewide.

House of the Day: Jamaica Estates Colonial – 5 Bedrooms, 3 Bathrooms


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004

179-19 Croydon Rd
JAMAICA ESTATES, NY 11432
Total Taxes: $6,736
List Price: $1,028,000

 

Colonial, Detached, # Families: 1
10.0 rooms, 5 Bedrooms , 3 Full Baths

School District: Community District 29
Year Built: 1940

Construction: Brick
Lot Size: 60X142
Appearance: Excellent

Interior Features
Eat-in kitchen
Dining room: Formal
Den/Family room
Home office
Full Basement
Stove, Washer, Refrigerator, Dishwasher
Wood Floors
Wall to Wall Carpet
Fuel/Heat Type: Oil, Hw

Contact Info

Nancy Deschamps

Michele Cheng
Better Homes & Gardens R E FH
10115 Metropolitan Ave
Forest Hills, NY 11375

Tel: 718-544-4000

Refer to MLS Number 2490460

House of the Day: Flushing Hi Ranch – 4 Bedrooms, 4 Bathrooms


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004

144-46 29th Ave
FLUSHING, NY 11354
Total Taxes: $3,511
List Price: $1,150,000

Hi Ranch, Detached, # Families: 1
9.0 rooms, 4 Bedrooms , 4 Full Baths

School District: Community District 25
Year Built: 2003

Construction: Brick
Lot Size: 41 X 100
Appearance:

Interior Features
Eat-in kitchen
Dining room: Formal
Den/Family room
MBR 1st Floor: Y
Home office
Full Finished Basement
Stove, Refrigerator
Fireplace
Wood Floors
Fuel/Heat Type: Gas, Hw
A/C: Cac

Contact Info

RuoRuo Yang
E-Mail Realtor

William Wang
Visit My Website
E-mail Realtor
Unimax Realty Co Inc
3640 Main St Ste 305
Flushing, NY 11354

Tel: 718-539-7100

Refer to MLS Number 2490767

Hear That? It’s the Queens housing boom


| mpantelidis@queenscourier.com

With economies around the world foundering, the Queens housing market appears to be floating just fine.

According to data from the Real Estate Board of New York (REBNY), Queens had the most home sales of any borough in the first quarter of this year with 2,919 – representing a 13 percent increase from last year. The average sales price of a home in Queens also declined by two percent to $391,000.

The neighborhoods with the most home sales in the borough were Flushing, with 301, Rego Park, Forest Hills and Kew Gardens, which had 265 sales, and Springfield Gardens and Jamaica which experienced 237 sales.

The housing boom in Queens is part of positive results citywide, as average home sales prices and sales volume remained steady across the five boroughs in the first quarter of 2012 compared to the same time last year, while the number of total sales increased by 16 percent from last quarter.

Competitive prices and low mortgage rates attracted buyers and stimulated the growth, according to REBNY, the city’s leading real estate trade association.

“The trend has been somewhat upward, meaning even in the fourth quarter we didn’t see a dip when compared to the first quarter of last year,” said Mike Slattery, the senior vice president of REBNY. “The fact that it has been a steady rise and not a seasonal adjustment is noteworthy. Queens has been a strong, solid upper middle class borough for a very long time, and the broad based strength of its neighborhoods continues to make it an appealing location for home buyers.”

Slattery expects the housing market to continue to grow and said a survey of brokers conducted by REBNY shows “continued uptick in contracts signed.”
John O’Kane, manager of O’Kane Realty, located at 72-01 Grand Avenue in Maspeth, believes a variety of factors have made buying a house in Queens attractive.
“Interest rates are historically low, so anyone who can afford to buy is buying,” said O’Kane. “You get a lot of New York flavor in Queens also. It’s the melting pot of the world.”

The condo market particularly buoyed sales in Queens, as the borough experienced a 36 percent increase in transactions – led by Long Island City, which saw a 53 percent increase from the previous quarter.

Eric Benaim, CEO of Modern Spaces, which handles sales for a number of high-profile condo buildings in L.I.C., says inventory is getting low while demand is growing.
Modern Spaces represents The View, which is 85 percent full and demanding $950 to $1,000 per square foot, and The Industry, which has sold roughly 51 percent of its spaces and costs as high as $850 per square foot. The Vista and the Bindery are new high rises that will likely introduce 250 to 300 condos into the market between 2012 and 2013, according to Benaim.

“Everyone loves L.I.C. when they come here,” Benaim said. “We are getting a lot of ‘Manhattanites’ because of overpricing in Manhattan. The market in L.I.C. is extremely busy.

I haven’t seen it this busy since 2006 or 2007. Years ago we had to pitch L.I.C. as an up and coming neighborhood. But it is not up and coming anymore, it is here.”

House of the Day: Bayside Exp Ranch – 3 Bedrooms, 2 Bathrooms


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004

27-34 Little Neck Blvd
BAYSIDE, NY 11360
Total Taxes: $8,782
List Price: $1,599,000

Exp Ranch, Attached, # Families: 1
7.0 rooms, 3 Bedrooms , 2 Full Baths

School District: Community District 26
Year Built: 1950

 

Construction: Brick/ St
Lot Size: 80 X 119
Appearance: Mint Aaa

Interior Features
Eat-in kitchen
Dining room: Formal
Den/Family room
MBR 1st Floor: Y
Full Finished Basement
Stove, Refrigerator, Dishwasher
Wood Floors
Fuel/Heat Type: Gas, Hw
A/C: Cac

Contact Info

Silvana Bosco
Silvana Bosco Realty Inc

746 Hempstead Tpke
Franklin Square, NY 11010

Tel: 516-565-9342

Refer to MLS Number 2490147e

House of the Day: Jamaica Estates Tudor – 4 Bedrooms, 3.5 Bathrooms


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004

81-34 Surrey Pl
JAMAICA ESTATES, NY 11432
Total Taxes: $7,505
List Price: $1,050,000

Tudor, Detached, # Families: 1
9.0 rooms, 4 Bedrooms , 3 Full Baths , 1 Half Baths

School District: Community District 28
Year Built: 1930

Construction: Brick/Stoc
Lot Size: 60 X 100

Interior Features
Eat-in kitchen
Dining room: Formal
Den/Family room
Home office
Full Finished Basement
Stove, Washer, Refrigerator, Dishwasher, Dryer
Fireplace
Fuel/Heat Type: Gas, Steam
A/C: Cac

Contact Info
Request a Showing
Simcha Murdakhaev

Exit Kingdom Realty
6856 Groton St
Forest Hills, NY 11375

Tel: 718-268-8868

Refer to MLS Number 2470557

House of the Day: Douglaston Tudor – 3 Bedrooms, 2.5 Bathrooms


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004

211 Forest Rd
DOUGLASTON, NY 11363
Total Taxes: $8,658
List Price: $1,275,000

SEC/AREA: Douglas Manor
Tudor, Detached, # Families: 1
7.0 rooms, 3 Bedrooms , 2 Full Baths , 1 Half Baths

School District: Community District 26
Year Built: 1925

Construction: Brick /Stu
Lot Size: 60 X 123
Appearance: Very Good

nterior Features
Eat-in kitchen
Dining room: Lr/Dr
Den/Family room
Home office
Full Finished Basement
Stove, Washer, Refrigerator, Dishwasher, Dryer
Fireplace
Wood Floors
Wall to Wall Carpet
Fuel/Heat Type: Gas, Hw
A/C: Cac

Contact Info
Request a Showing
Nina V Kowalsky

Bryce Rea Assoc Inc
25002 Northern Blvd
Little Neck, NY 11362

Tel: 718-225-9000

Refer to MLS Number 2483726

House of the Day: Jamaica Estates Contemporary – 3 Bedrooms, 3.5 Bathrooms


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004

84-43 Avon St
JAMAICA ESTATES, NY 11432
Total Taxes: $8,747
List Price: $1,290,000

 

Contemporary, Detached, # Families: 1
12.0 rooms, 3 Bedrooms , 3 Full Baths , 1 Half Baths

School District: Community District 26
Year Built: 1940

Construction: Brick
Lot Size: 77X168
Appearance: Fair

Interior Features
Eat-in kitchen
Dining room: Formal
Den/Family room
MBR 1st Floor: Y
Home office
Full Finished Basement
Stove, Refrigerator
Fireplace
Wall to Wall Carpet
Fuel/Heat Type: Gas, Steam
A/C: Y

 

Contact Info

Kathy F Leechan

Prime Estates Realty Inc
4712 Bell Blvd
Bayside, NY 11361

Tel: 718-819-8200

Refer to MLS Number 2483897

House of the Day: Little Neck Colonial – 4 Bedrooms, 3.5 Bathrooms


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004

LITTLE NECK, NY 11362
Total Taxes: $7,338
List Price: $1,228,000

SEC/AREA: Littleneck Hill
Colonial, Detached, # Families: 1
9.0 rooms, 4 Bedrooms , 3 Full Baths , 1 Half Baths

School District: Community District 26
Year Built: 1980

Construction: Brick
Lot Size: 50 X 100
Appearance: Excellent

Interior Features
Eat-in kitchen
Dining room: Formal
Den/Family room
Full Finished Basement
Stove, Washer, Refrigerator, Dishwasher, Dryer
2 Fireplaces
Fuel/Heat Type: Gas, Ha
A/C: Cac

Contact Info

Toula Polios
Toula Polios Realty Group LLC

24812 Northern Blvd Ste 204
Little Neck, NY 11362

Tel: 718-683-3700

Refer to MLS Number 2482059

Astoria Retail Building Is For Sale On Steinway Street Priced at $5.5 Million


| jlane@queenscourier.com

A 6,497-square-foot one-story plus mezzanine and basement retail building, strategically located at 30-30 Steinway Street, which is Astoria, Queens’ main shopping thoroughfare, is on the market for sale exclusively through Eastern Consolidated priced at $5.5 million.

            Eastern Consolidated Senior Director Ronda Rogovin with Senior Financial Paul Nigido are promoting the sale of the property, a former bank building, which is triple net-leased to Sprint Spectrum LP until 2014, and which commands 37.5 feet of frontage along Steinway Street.

“Steinway Street is unquestionably Astoria’s busiest retail corridor,” said Ms. Rogovin who added that the 30-30 Steinway’s proximity to Manhattan is excellent via the N and Q trains at 30th Avenue, and by car via both the Triboro Bridge and the Brooklyn Queens Expressway.  “For anyone wishing a foothold in Astoria as it becomes more and more vibrant and popular, this is an excellent opportunity to invest in its most active commercial sector.”

National retailers along Steinway Street include Express, Zales Jewelry, Lane Bryant, Children’s Place, Sketchers, Bath and Body Works, Bennetton, Victoria Secret, Conways, and Footlocker among many more.

For further information about the offering, please contact Ms. Rogovin or Mr. Nigido at Eastern’s Midtown offices:  212 499-7700.

         

Eastern Consolidated

Founded in 1981, Eastern Consolidated is one of the country’s preeminent full-service real estate investment services firms, combining an unrivaled expertise in the greater New York marketplace with a worldwide roster of institutional and private investor clients.  Over the years, it has been responsible for the acquisition, disposition and finance of all types of properties, including office and apartment buildings, lofts, factories, hotels, shopping centers, commercial and residential development sites, taxpayers, parking garages and lots, retail condominiums and air rights transfers.

House of the Day: Holliswood Colonial: 5 Bedrooms, 4 Bathrooms


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004

 

190-04 Mclaughlin Ave
HOLLISWOOD, NY 11423
Total Taxes: $8,500
List Price: $1,890,888

 

Colonial, Detached, # Families: 1
9.0 rooms, 5 Bedrooms , 4 Full Baths , 2 Half Baths

 

School District: Community District 26
Year Built: 2011 , New Construction

 

Construction: Brick
Lot Size: 67.58X90.75
Appearance: Diamond

Interior Features
Eat-in kitchen
Dining room: Formal
Den/Family room
Home office
Full Finished Basement
Stove, Washer, Refrigerator, Dishwasher, Dryer
Fireplace
Wood Floors
Fuel/Heat Type: Gas, Other
A/C: Cac

Contact Info
Request a Showing
Simcha Murdakhaev

Exit Kingdom Realty
6856 Groton St
Forest Hills, NY 11375

Tel: 718-268-8868

Refer to MLS Number 2451287


Foreclosures down, Queens still hit hard


| aaltman@queenscourier.com

THE COURIER/Photos by Alexa Altman

While foreclosures across New York City continue along the downward trend that started in 2010, Queens was the borough with the highest share of first-time foreclosures in the first quarter of 2012.

According to a spokesperson from Property Shark, the 82 newly-scheduled foreclosure auctions in Queens account for 39 percent of New York City’s total foreclosure activity.

Foreclosures across New York City have gone down 18 percent from the first quarter in 2011 to the same time this year.

According to Laura Gatea of Property Shark, when an owner fails to make three consecutive mortgage payments, he or she receives a pre-foreclosure document, called a lis pendens. This informs the owner that the home is in danger of being foreclosed. In New York City, it takes at least one year for a property to go from the lis pendens stage to the foreclosure auction stage, during which time the owner can either make payments or sell the home.
If the owner does nothing, the home is sold at auction or repossessed by the bank.

The Sixth Congressional District, spanning southeastern Queens, remains the epicenter of the foreclosure crisis.

Silvan Scarlett, a Jamaica resident, lives in a home that is listed for foreclosure. Scarlett, who rents the place with his wife and 17-year-old daughter, said he knew the owner had stopped making payments when a bank representative showed up at their home and told him the payments were delinquent.

Soon after, a real estate company representative visited their home to explain the process of foreclosure, telling Scarlett that he and his family either needed to vacate the premises immediately or purchase or rent the home from the bank.
Scarlett has begun searching for a new place to live.

A representative from Congressmember Gregory Meeks’ office stated that in 2008, while the housing crisis was in full force, they found that their constituents would let their homes go all the way to auction without speaking to the bank, claiming it was a matter of fear, pride and a feeling of failure.
According to Meeks’ office, southeast Queens was hit particularly hard because of the area’s nice homes and working-class families.
Hurt by predatory lending, the buyers, many of whom were first-time homeowners, were put into subprime product. As payments on the homes began to escalate, owners could not afford to make them.

Meeks opened his office to those facing foreclosure, expanding his hours and allowing mortgage foreclosure counselors to come in to assist constituents while negotiating with banks. The office was able to successfully assist many area families in crisis, realizing that they needed to spread their services even further.

Meeks, a senior member of the Financial Services Committee and House Foreign Affairs Committee, is urging homeowners in distress to consult the Neighborhood Assistance Corporation of American (NACA) and attend the Save The Dream event.

At the Save the Dream event, to be held at the Javits convention center in Manhattan on April 26, bank representatives from various locations will spend five days considering whether or not to modify applicants loans.

In Queens alone, 36,590 homes are listed as pre-foreclosures, according to the representative. Throughout New York City, 94,890 properties are at risk.

 

House of the Day: Jamaica Estates – Dutch Colonial: 4 Bedrooms, 2 Bathrooms


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004

85-21 Aspen Pl
JAMAICA ESTATES, NY 11432
Total Taxes: $3,800
List Price: $699,000

SEC/AREA: Homelawn
Colonial, Detached, # Families: 1
10.0 rooms, 4 Bedrooms , 2 Full Baths

School District: Community District 18
Year Built: 1929

 

Construction: Siding
Lot Size: 46 X 125

Interior Features
Eat-in kitchen
Dining room: Formal
Den/Family room
Full Basement
Stove, Washer, Refrigerator, Dryer
Fireplace
Fuel/Heat Type: Gas, Steam

Contact Info

Mohammad S Pasha
Radha Tharoor

 
Real Estate Advisory Company
7 Stanley Ln
New Hyde Park, NY 11040

Tel: 516-462-9540

Refer to MLS Number 2485030

 

 

 

House of the Day: Jamaica Estates – Colonial 4 Bedrooms, 2 Bathrooms


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004

JAMAICA ESTATES, NY 11432
Total Taxes: $6,900
List Price: $1,395,000

 

Colonial, Detached, # Families: 1
8.5 rooms, 4 Bedrooms , 2 Full Baths , 2 Half Baths

 

School District: Community District 26
Year Built: 1935

 

Construction: Brick
Lot Size: 57X172
Appearance: Mint

Eat-in kitchen
Dining room: Formal
Den/Family room
Home office
Full Finished Basement
Stove, Refrigerator
Fireplace
Wood Floors
Fuel/Heat Type: Gas, Hw
A/C: Cac

Contact Info

Roman .Davydov
Exit Realty First Choice
18032 Union Tpke
Fresh Meadows, NY 11366

Tel: 718-380-2500

Refer to MLS Number 2485012


One Murray Park – Really on the Park!


| ddynak@queenscourier.com

One Murray Park

We took this shot from across the park – John F. Murray Playground, that is – from 45 Rd (the back side of LIC Post Office). One Murray Park, at 11-25 45 Avenue, developed by the same team that brought Casa Vizcaya and yet-to-be-named new condo on 50th Ave, is a 6-story condominium accurately named after the park it overlooks. Pet lovers should flock to this one… it allegedly features two do washing rooms, as reported by Curbed. On the park AND special amenity for dogs is how you sell to western Queens’ dog loving apartment buyers with kids!