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  1. David Goldsmith

    Brick Underground Gets Second Chance

    https://therealdeal.com/new-york/2024/03/04/brick-underground-to-be-acquired-saved-from-extinction/ New owner to save Brick Underground Real estate website being acquired after brush with extinction Brick Underground is staying aboveground. The 15-year-old outlet for navigating all things New...
  2. David Goldsmith

    More Scare Tactics And Landlord Bullshit

    As soon as I saw the title of this article I knew it had to be written by the boot licking toadie of Big Real Estate, Eric Engquist. As usual the article purports to support those "poor mom-and-pop" landlords but is really a cover story for the agenda of Big Real Estate to try and steamroll mass...
  3. David Goldsmith

    Examples of why people hate Landlords

    https://streeteasy.com/building/444-east-13-street-new_york/15?context%5Bcontroller%5D=%23%3CBuildingController%3A0x00007f1adc9be620%3E&context%5Bcurrent_user%5D=1040784&hide_if_empty=true&section=rentals
  4. David Goldsmith

    Will Auctions Gain Market Share This Time?

    https://therealdeal.com/new-york/2024/01/05/most-efficient-way-to-sell-apartment-auctions-in-vogue/ “Most efficient way to sell”: Apartment auctions in vogue Bidding speeds deals, but costs and benefits hard to measure After trying the traditional route once, maybe twice, New York City...
  5. David Goldsmith

    Background Checks

    Revised bill which allows for checks and rejections based on recent criminality presented. https://therealdeal.com/new-york/2023/12/15/new-york-city-council-amends-criminal-background-check-bill/ Criminal history bill overhauled after defeat by landlords Measure now allows some background...
  6. David Goldsmith

    Combinations Worth Less

    874 Broadway 301 BOT $2,600,000 https://streeteasy.com/building/874-broadway-new_york/301 401 BOT $1,537,000 https://streeteasy.com/building/874-broadway-new_york#tab_building_detail=2 Add renovation costs. Currently asking $3,250,000, down from $6,250,000 in 2017...
  7. David Goldsmith

    The Most Expensive Studio

    https://nypost.com/2023/12/20/real-estate/new-york-citys-priciest-studio-just-sold-for-3-88-million/ Here’s how many millions of dollars NYC’s priciest studio unit just sold for How many millions of dollars would you splurge to live in luxury — and in a New York City studio apartment? Someone...
  8. David Goldsmith

    Do We Need Environmental Protection?

    It's always easy to spot articles by the boot licking today of Big Real Estate - Eric Engqist. Here he suggests gutting environment protection for the convenience of Real Estate development. https://therealdeal.com/new-york/2023/12/13/inside-new-yorks-plan-to-cut-red-tape-for-housing-projects/...
  9. David Goldsmith

    Should Rich Universities With Huge Endowments Pay RE Tax?

    https://therealdeal.com/new-york/2023/12/11/legislation-threatens-columbia-nyus-massive-property-tax-breaks/ State bills target Columbia, NYU’s massive property tax breaks Planned legislations comes after schools saved $327M on property taxes this year Columbia University and New York...
  10. David Goldsmith

    Good Riddance CHIP

    CHIP has been behind a disinformation campaign regarding HSTPA of 2019. They have lied about renting vacant RS units and many other things. So I'm not going to lose any sleep over this: https://therealdeal.com/new-york/2023/12/04/chip-rsa-merger-report-reveals-insolvency-threat/ Cash burn...
  11. David Goldsmith

    New Construction Flips

    While I don't know the backstory (any input is welcome) this looks like a throwback to when it was a regular occurrence. https://streeteasy.com/building/the-bellemont/8th-floor BOT 05/23/2023 $19,088,025 SLD 10/31/2023 $23,000,000
  12. David Goldsmith

    Office To Residential Conversions

    As I have been saying for a while, the anticipated boom in office to residential conversions due to the waning office market is going to need significant price reductions first. https://therealdeal.com/new-york/2023/11/16/deutsche-bank-shopping-buyer-for-222-broadway/ Deutsche prepared to take...
  13. David Goldsmith

    Is The Great Real Estate Dam Finally Cracking Nationally?

    It is so unusual for inventory to be rising at this point of the year that Mike Simonsen of Altos Research called the peak last week. But he had to retract it because... Wait for it... It rose again this week.
  14. David Goldsmith

    The Return Of The Broker's Open House Tour

    Looking through my email this week I noticed more Broker's Open House Tours than I can remember seeing in a long time. Does anyone have any opinion on what this means for the market, or listing Brokers attitudes towards the need to bring in Buyer's Brokers to move units? Keith, what are you seeing?
  15. David Goldsmith

    Time To Let Go Of Unbridled Positivity?

    For many years the agent with the most positive attitude, list at the highest price, "we'll fix it with staging," etc. Not only won the listing, but actually served the sellers best and got them great prices and quick sales. But if you've been trying to sell properties this month you've seen...
  16. David Goldsmith

    Immigration Crisis Breaking NYC Budget

    Mayor Adams had a lot to say about our "Immigration Crisis" and how it is breaking the budget of New York City. But let's take a look at the cause: 41% of migrants seeking asylum are from Venezuela. For quite a while the United States has destroyed the economy of Venezuela simply because they...
  17. David Goldsmith

    "Artificial Intelligence" and Real Estate

    Artificial intelligence and real estate agents seem like a match in heaven. https://www.hollywoodreporter.com/lifestyle/real-estate/fredrik-eklund-launches-ai-real-estate-expert-maya-1235594651/ Meet Maya, an AI Real Estate Expert Launched by Celebrity Agent Fredrik Eklund Eklund, along with...
  18. David Goldsmith

    When you think you have a great relationship and they will protect your commission

    https://therealdeal.com/new-york/2023/09/05/compass-agent-austin-schuster-sues-extell-development/ Compass agent sues Extell for cut of windfall deal Austin Schuster seeking $21M from Gary Barnett’s firm A real estate agent who says he was instrumental in one of Manhattan’s biggest land deals...
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