I think The Weeks 'Deal Signed' Award Winner Is...
A: Why not? With permission, Id love to start doing the "Great Deals" and the weeks "Best New Signed Deal" again, to kind of mix it up a bit. What do you guys think? Is there room for that kind of content here on UrbanDigs? I guess I think this way because I know the site is about to get 'all data' on you guys very soon. But, its helpful to ask and see what you guys want to hear about. Any tips in the comment section are appreciated! On to what looks like could be this weeks Best New Signed Deal - the PH at 459 West Broadway.
459 W Broadway PH Was Asking $16.5 Million
Marketed by Keith Copley at Sotheby's
In just over 3 months too, nice job Keith! The markets general trend shows a very seasonally slow market these past few months - which also happened to be two very hot and humid months with everyone getting out of the city on weekends. So its nice to see some big deals getting done. Lets check on the markets as we get through Sept and October before making any calls on significant price action.
Posted by Taylor White, PHD
Wed Aug 11th, 2010 05:59 PM
If that was the asking price...whats the sales price?
Posted by Noah
Wed Aug 11th, 2010 07:28 PM
have to wait for closing and public record for that info, unless your close to someone involved in the deal
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Thu Aug 12th, 2010 11:05 PM
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Posted by In Debt We Trust
Fri Aug 13th, 2010 11:06 AM
Noah,
What is your opinion of this article?
The FHA, created in 1934 to make homeownership attainable for low- to moderate-income Americans, is providing a lifeline to new Manhattan luxury condominiums after sales stalled. Buildings featuring pet spas, concierges and rooftop lounges are applying for agency backing to unlock bank financing for purchasers. The FHA guarantees that if a homebuyer defaults on his mortgage, the agency will pay it.
At least nine Manhattan condo developments south of 96th Street have sought approval for FHA backing since the agency loosened its financing rules in December, according to a database of applications kept by the U.S. Department of Housing and Urban Development. The change allows the FHA to insure loans in new projects where only 30 percent of units are in contract, down from at least 50 percent. About 1,900 apartments in New York’s most expensive neighborhoods would be covered by the applications.
The agency also offers insurance to half of all mortgages in a single building after previously setting a limit at 30 percent, according to the new standards, which expire in December. The entire property must be approved for a buyer to get backing. Most of those that applied in Manhattan are buildings converted to condos or built since 2007.
The FHA is filling a void left after mortgage-finance agency Fannie Mae tightened its condo lending standards last year. The Washington-based company won’t back loans made in new buildings where fewer than 51 percent of the units are in contract, sometimes setting a requirement as high as 70 percent.
http://www.bloomberg.com/news/2010-08-13/manhattan-luxury-condos-embrace-federal-help-in-game-changer-for-sales.html
Posted by certnetworks
Sat Aug 14th, 2010 03:28 AM
The markets general trend shows a very seasonally slow market these past few months - which also happened to be two very hot and humid months with everyone getting out of the city on weekends.
Posted by Fred
Sat Aug 14th, 2010 08:35 PM
Finally, some real distress from the Apthud. Lockboxes and deep discounts. As lenders get serious, we'll see more of this.....
http://therealdeal.com/newyork/articles/31656?utm_campaign=Feed%3A+trdnews+%28The+Real+Deal+-+New+York+Real+Estate+News%29&utm_medium=feed&utm_source=feedburner
Posted by Real Estate For Sale
Sun Aug 22nd, 2010 12:49 AM
This is a wonderful opinion. The things mentioned are unanimous and
needs to be appreciated by everyone.
--------
Real Estate For Sale
Posted by Johny Pocket
Sun Aug 22nd, 2010 12:03 PM
I think it's great you're doing some non-data posts like this... This is the kinda stuff I like to read. Too much data and my head starts to spin!
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