Tag Archives: Real Estate

House of the Day: Floral Park Ranch – 4 Bedrooms / 4 Bathrooms


| jlane@queenscourier.com

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

338 Plainfield Ave
FLORAL PARK, NY 11001
Total Taxes: $16,506
List Price: $1,174,900

 

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

School District: Community District 22
Year Built: 1976

Construction: Brk/Mason
Lot Size: 49 X 184
Appearance: Mint

 

Interior Features
Eat-in kitchen
Dining room: Formal
Den/Family room
Full Finished Basement
Stove, Refrigerator, Dishwasher
3 Fireplaces
Wall to Wall Carpet
Skylight: 4
Fuel/Heat Type: Oil, –
A/C: Cac

 

Contact Info

Wayne D Schmidt
Cozy Homes Realty Inc

22501 Linden Blvd
Cambria Heights, NY 11411

Tel: 718-978-3300

Refer to MLS Number 2485409

House of the Day: Flushing – 5 Bedrooms / 4 Bathrooms


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004
50-16 Parsons Blvd
FLUSHING, NY 11355
Total Taxes: $9,061
List Price:  $1,680,000

Contemporary, Detached, # Families: 1
12.0 rooms, 5 Bedrooms , 4 Full Baths , 1 Half Baths

School District: Community District 25
Year Built: 2009 , New Construction

Construction: Brick
Lot Size: 70 X 100
Appearance: Excellent

 

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

 

Contact Info

Xiu Qin Shi
Wing Fung Home Realty Grp Inc

13514 Northern Blvd # 1F
Flushing, NY 11354

Tel: 718-886-8000

Refer to MLS Number 2485363

House of the Day: Bellerose Colonial – 4 Bedrooms / 3.5 Bathrooms


| jlane@queenscourier.com

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

81-52 247th St
BELLEROSE, NY 11426
Total Taxes: $5,944
List Price: $949,999

 

A Beautiful Spacious, Ready To Move In Home. Fabulous Open Layout. Huge Master Bedroom With Attached Bath. Plus 3 More Large Bedrooms And Common Baths. Prestigious Location. One Block Away From Union Tpke.

 

Interior Features
1 kitchen
Dining room: Formal
Den/Family room
Home office
Full Finished Basement
Stove, Washer, Refrigerator, Dishwasher, Dryer
Fireplace
Wood Floors
Fuel/Heat Type: Gas, Ha
A/C: Cac
Property Features
Det 1.0 car garage
Driveway: Pvt
Porch: Yes
Deck: Yes

Contact Info

FIRST FLAG Realty Inc
4 Hillside Blvd
New Hyde Park, NY 11040

Tel: 516-673-4388

Refer to MLS Number 2471916

Click Here to View More Info and Pictures

House of the Day: Astoria Colonial 3 Bedrooms 2 Baths


| jlane@queenscourier.com

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

ASTORIA, NY 11103
Total Taxes: $6,503
List Price: $1,450,000

 

SEC/AREA: Astoria-Lic
Colonial, Detached, # Families: 1
9.0 rooms, 3 Bedrooms , 2 Full Baths , 1 Half Baths

School District: Community District 30
Year Built: 1930

Construction: Brick
Lot Size: 75 X 100
Appearance: Excellent

 

Interior Features
Eat-in kitchen, 2 kitchens
Dining room: Formal
Den/Family room
Home office
Full Finished Basement
Stove, Washer, Refrigerator, Dishwasher, Dryer
Wood Floors
Fuel/Heat Type: Oil, Steam
A/C: Y

Contact Info

Michele D’Ancona

Visit the Listing’s Website

Belzak & Bodkin Realty Corp

146 Medford Ave
Patchogue, NY 11772

Tel: 631-758-0557
Visit Our Website     Email Office

Refer to MLS Number 2438551

House of the Day: 240-02 66th Avenue Flushing


| jlane@queenscourier.com

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

240-02 66th Avenue

This home is all about location! Smack dab in the middle of school District 26, this home is within walking distance of shopping, theatres, supermarkets, local restaurants and banks. There is even an express bus to Manhattan that stops nearby. Total taxes for this home are $4,626 and the listed price of this home is $598,000. The lot size of this home is 20X100.

This home is provided by Hu Business Intl Group Co., Ltd. 133-46 37th Avenue Apt 1, Flushing, NY 11354.

718-762-2688. For more info, visit www.hubzg.us.

House of the Day: Douglaston 3 Bedroom 2.5 Bathrooms


| jlane@queenscourier.com

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

240-31 67th Avenue

This three-bedroom home in a prime Doulaston location has spacious bedrooms, two-and-a-half baths and a sunny and warm interior. Conveniently located close to shopping and transportation, you will never worry about getting all your errands done on time. This house is also located near some of the best schools in Queens – P.S. 221, M.S. 67 and Cardozo High School. Total taxes for this home are $5,106 and the listed price is $595,000. The lot size of this home is 20X100.

This home is provided by Keller Williams Rlty Landmark, 32-55 Francis Lewis Boulevard, Flushing, NY 11358.

718-475-2700. For more info, visit www.kwnyhomes.com.

House of the Day: Bayside Colonial 4 Bedroom 4 Baths


| jlane@queenscourier.com

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

 

56-30 E Hampton Blvd
BAYSIDE, NY 11364
Total Taxes: $5,679
List Price: $950,000

 

SEC/AREA: Oakland Gardens

Colonial, Detached, # Families: 1
12.0 rooms, 4 Bedrooms , 4 Full Baths

 

School District: Community District 26
Year Built: 2000

 

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

 

10 Years Rebuild From Bottom To Top, New Outer Wall, Windows, Doors, Roof & Backyard. Lovely Maintained Charming Colonial, Jacuzzi Room With Sauna Steaming Room, Lots Of Closet. Close To Cardozo High School.

 

Read More: MLSLI.COM


House of the Day: 1 Family Brick Tudor in Maspeth


| jlane@queenscourier.com

Maspeth Brick Tudor 1 Family Home

Maspeth: Brick Tudor 1 family in Maspeth Plateau 3brs 2.5bths full finish base private driveway updated kitchen & baths, hardwood floors, ample closets. View of the Manhattan Skyline. Excellent move in condition, great location must see.

 

 

Eddie Saeed

Cell: 917-846-4638
eddie.saeed@gmail.com

Broker Associate / Since 1989
When You Are Ready “Sell With Eddie”

President’s Circle 2009 / Top 3%
Leading Edge Society 2008-2010-2011
President N.E.Q.C (L.I.B.O.R) 2009-2010
Prudential Douglas Elliman RE
Ranked # 1 in New York
Cell: 917-846-4638
Oh, by the way…
I am never too busy for your referrals!

49 Avenue and 5th Street to become new retail cluster in LIC?


| ddynak@queenscourier.com

5-28 49 ave retail new

Up until recently, the Chocolate Factory Theater was the only commercial space on 49th Avenue west of Vernon Blvd. When Case Enrique, a Mexican cuisine restaurant opened last week next to what locals call the Shady Park (official name is Andrews Playground), we started to predict a new retail block for Hunters Point. There is evidence to support such plans. Besides Plaxall’s planned mixed-use building at 49-09 5th Street, which will feature a small storefront on the ground floor, we have just began to market a wonderful new 6,200-sq-ft retail space at 5-28 49 Avenue. Formerly an auto shop, the property actually runs all the way through to 50th Avenue on the other side, and is adjacent to a lovely garden managed by NYC Dept of Parks.

 

What will it be? Another restaurant? A long-awaited hardware store, perhaps?

Hunters Point’s Newest Condo – 51st Avenue, between Vernon & 5th St


| ddynak@queenscourier.com

529 51 ave

Finally something happening on the empty lot on 51st Avenue between Vernon Blvd and 5th Street. The 10,000-plus square foot site of previously-rumored Met Foods at 5-29 51 Ave was purchased in November 2011 for $2.5 million, to soon become the newest condo development in Hunters Point. A development team behind similar small condominium project in LIC is clearly betting on recent strengthening in prices, coupled with reduced supply, now that most ofLong IslandCity’s condos are close to 100% sold. No retail space is planned for the ground floor, unfortunately, so at least for now Ale Wife restaurant/bar right across the street and Flo-re-sta florist will remain the only retail establishments on the block.

House of the Day: Long Island City 4 Bedrooms 2.5 Baths


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004
21-30 45th Ave
LONG ISLAND CITY, NY 11101
Total Taxes: $2,506
List Price:  $769,000

Other,  Attached, # Families: 1
10.0 rooms,  4 Bedrooms , 2 Full Baths , 1 Half BathsSchool District: Community District 30
Year Built: 1881

Construction: Brick
Lot Size: 16 X 100
Appearance: Good

 

Interior Features
Eat-in kitchen, 2 kitchens
Dining room: Lr/Dr
2 stoves, Washer, 2 refrigerators
Fireplace
Wall to Wall Carpet
Fuel/Heat Type: Gas, Steam
A/C: 1

 

Contact Info
Request a Showing

Teodora E Gomez

E-Mail Realtor

ERA/Top Service Realty Inc

21921 Jamaica Ave
Queens Village, NY 11428

Tel: 718-464-5800
Visit Our Website     Email Office

Refer to MLS Number 2444123


With Rents Continuing to Rise and Home Prices Off Their Highs Now Might Be The Right Time to Buy!


| helen.keit@kw.com

The April 2012 issue of Smart Money has an article on housing which states how home prices are down a third from their 2006 peak (according to Standard&Poor’s/Case-Schiller 20-City Housing Index) and rents have been rising year over year except for 2009-2010.

Economists often look at a measure of 15 times your annual rent compared to the purchase price of a home to determine if the time is right to buy a home (the purchase price being lower than the rental computation). Here in the New York Metro area with higher average prices the formula might be harder to justify. However if you are confident with your job and financial situation, now is the time to consider buying a home.

We just closed on a sale of a 4 bedroom home where the couple is carrying a $417,000 mortgage at a rate below 4%. Their monthly principle and interest was $2000 and they had been previously paying $1900 a month in rent. Including taxes and insurance they would still have made a good financial decision considering the tax benefits of owning and eventual appreciation.

According to Linda Bonarelli, President of Multiple Listing Service of Long Island, “For the past four months MLSLI has reported that the number of monthly contracted sales has been higher than the year before. This is an indication that the real estate market is in recovery and we are optimistic that this trend will continue as we approach the traditional spring sales season.”

 

Demand Still Outpacing Supply


| stephen.preuss@cushwake.com

We currently have an excessive demand issue in the commercial real estate marketplace.  There is an aggressive appetite across the board in almost all sectors and there is a very low supply of available properties for sale.  Some products, such as multi-family and quality retail and mixed-use properties, have the most current demand due to the low vacancy along with the plentiful and attractive financing available for most buyers.  Overall on just about all asset classes, there are multiple offers to be had.

 

To illustrate this lack of supply when a desirable product does come available you have such pent up demand that it drives the pricing through reasonable fundamentals and attracts buyers whom may not typically entertain such an asset.  Recently, I put into contract a residential development site in Bayside a few blocks from Bell Boulevard.  It is a site in which you can build approximately 18,000 SF and is under contract for $110 per buildable square foot.  Most of the past trades of similar properties sold for 30% lower than this site.  We were able to attain close to 30 offers within one month of marketing which drove pricing up.  After discussions with most of the bidders they conveyed they were willing to pay more because they have not seen any similar sites available for the past several months and didn’t know when another would be available.  We even had several bidders from surrounding areas look at this site since there was no supply in their neighborhoods.

 

I expect this dynamic to change.  The supply is normally fed by discretionary sellers who willingly decide to sell their properties.  During the turbulent market over the past few years the sellers decided to withdraw from this option.  With the increasing stabilization of pricing along with the upcoming increase in capital gains taxes and the next leg of distressed properties coming through the pipeline, I would expect an increase in supply over the next year.  On average the turnover of properties has been 2.6 percent a year of the total stock in which we have been anemic running less than half of that figure of the past few years.  While I don’t believe we will return to that average number in the near future I do believe we will begin to steadily increase from current levels.

State of the Market


| helen.keit@kw.com

On 880 Radio today in a business segment it was stated that the stock market is up 24% since October and that investors should expect things to be bumpy over the next several weeks etc.  The question they asked is where do you put your money in this environment.  They mentioned Warren Buffet as saying he would buy single family distressed homes at todays 4% interest rates and rent them out , gaining good appreciation over time.

 

I would say this is an excellent strategy as long as you do your due diligence and buy correctly, analyze rental income for the area and size of apartment or house, and factor in repairs, periods of vacancy and other costs that could impact cashflow.

 

When you own rental property you at least have some control over your investment  as opposed to having your money subjected to the volatility of the market and politics beyond your control.

Hotel to rise on Skillman Ave in Long Island City


| mpantelidis@queenscourier.com

Courier/Photos

The City University of New York (CUNY) is aiming to check in to the borough’s new hotel hotspot.

CUNY recently sent out a request for proposal (RFP) to hospitality industry consultants, seeking ideas on how to develop its lot on Skillman Avenue in Long Island City nearLaGuardia Community College — with the goal of building a teaching hotel, as well as other academic facilities, for its students.

According to CUNY spokesperson Michael Arena, the facility would be both commercial and educational, with students comprising the staff of a fully-functional hotel.
“The hotel and tourism sector is rapidly growing in New York City. There are many jobs connected to it, and there is a strong need for it,” Arena said. “The idea of students being able to take skills they are learning in the classroom and use them in a professional environment is tremendous. That’s what internships are, but in this case we will have the facility connected to the academic program.”

Arena referenced the positive impact of similar facilities at both Cornell University and the University of Pennsylvania as motivation to develop the lot.
Dr. Gail O. Mellow, LaGuardia’s president, also believes the educational opportunities would be vast and highly positive.
“The hotel’s location near LaGuardia would give our students hands-on experience in seeing and helping run a major hotel,” she said. “Students studying accounting, tourism, food and nutrition, marketing and more would have the ability to apply the skills they learned in the classroom to a real-world setting. The educational benefits would be outstanding.”

Zoning permits CUNY to use up to 600,000-square-feet of the lot — part of which is currently used for parking – without the trouble of variances.
Thus far, the response from the private sector has been strong.

“There has been a lot of interest in the site,” said Arena. “The response has been very positive. The RFP went out identifying companies that have expertise in the area, and those companies are responding very strongly.”

Rob MacKay, the director of tourism for the Queens Economic Development Corporation (QEDC), called the project “fantastic news.”

“The hospitality field is very stable in Queens right now, and residents should be able to have solid, long-lasting careers in the industry,” MacKay said. “Furthermore, with the Resorts World Racino, plans for two convention centers, new media interest and TV shows based in borough, I predict that the field will grow exponentially in the near future.”

According to MacKay, city records show more than 7 million visitors spent over $3 billion in Queens in 2010, and the travel sector currently supports roughly 16 percent of the jobs in the borough.

Arena says the decision to develop the plot was based on the premier real estate factor – location.

“It is in a vibrant community close to Manhattan – only a five minute train ride to Times Square,” he said.