Enjoy weekly reads from the Blooming Sky team and guest contributors.
"Ah, how good it is to be among people who are reading."
Flipping NYC condos sounds super fun and lucrative. Before you give it a spin, take a look at 5 myths that we expose about the apartment flipping process.
If you’re buying into a new development or conversion from a developer, you will be encountering a punch list prior to closing. Understand the ins and outs of this list and why it’s so important.
Getting help from a parent to buy your first apartment? Learn about the ins and outs of co-purchasing.
Don’t let a 20% down payment requirement keep you from buying an apartment in NYC. There are many opportunities to put down 15% or even 10% on new developments and resales.
With the first half of 2018 in the books, one of the big questions currently floating around the New York City real estate market is whether right now is a buyer's market. What may be a concern for sellers could be a massive opportunity for would-be buyers.
With the first half of 2018 in the books, one of the big questions currently floating around the New York City real estate market is whether right now is a buyer's market. What may be a concern for sellers could be a massive opportunity for would-be buyers.
New York City real estate continues to be one of the world's most exciting and profitable asset classes. It comes to no surprise that investors from across the globe are attracted to the city in search of their next investment opportunity.
One of the big questions that real estate buyers in New York City have is whether co-op maintenance is inclusive of real estate taxes.
One of the big questions that real estate buyers in New York City have is whether co-op maintenance is inclusive of real estate taxes.
With a week of record volatility and a near 10% drop in the stock market, people are on edge. We break down the impact of the stock market on NYC real estate prices.
Real estate investment opportunities come in different flavors across NYC. Here, we introduce a rent roll opportunity that pays hefty returns.
The L Train may be shutting down for 15 months, and opportunities along the J, M and Z Subway lines are just starting to heat up.
That's a great question, and it's one I happen to be asked all the time. There are numerous elements of this question which really have to be considered. Are you asking about seasonality? For instance, is it better to buy in the winter time as opposed to the summer time? Or are you simply asking about the current state of New York City's real estate market? Let's address all these questions here.
You can definitely buy an apartment with your parents in NYC. There are numerous ways of making this happen - everything from your parents buying you an apartment outright to co-purchasing to gifting you funds for the downpayment. Buying an apartment with your parents has a lot of opportunity to help you get started in the NYC real estate market.
Tax reform has been one of the key items of the current presidential agenda. The House of Representatives under Republican Party control and a president who has been pushing for a simpler tax code, it was only a matter of time before we would find out what was in store.
Buying a property in New York City is not getting cheaper any day soon. As you start considering purchasing your first apartment, you might come to the realization that you might be in need of some financial help from your parents. There is absolutely nothing wrong in asking your parents for help. You likely want to stop flushing money down the toilet in rent and start getting all the amazing benefits associated with apartment ownership.
Crown Heights is one of Brooklyn's most quickly transforming neighborhoods. With landmarked housing stock, some of the finest brownstones in all of New York City, and a rapidly developing condo and rental market, Crown Heights is attracting new residents from across the city. We take a look at some of the things that make the neighborhood special and a fantastic place to live.
Celebrities catch our attention. Whether they're A-List actors, comedians, singers, reality TV stars, athletes or talk show hosts, when we see celebrities we take notice! One of the best places to catch celebrities in their natural habitat is on the streets of New York City. Celebrities are people just like you and me, and at the end of the day, they also want to come back to a place they can call home. So what do celebrities look for when it comes to NYC real estate?
Williamsburg has undoubtedly become one of the hippest neighborhoods in New York City over the past decade. One of the primary factors involved in Williamsburg’s rise had to do with ease of access to Manhattan. Situated on the Brooklyn waterfront, getting to Williamsburg has always been easy by way of the L Train.
For New Yorkers looking for a profitable investment opportunity, luxury real estate is where it’s at. New Yorkers are coming down to Miami to thaw out, and to buy luxury property of a different sort. With breathtaking views of the water and entertaining areas that can be enjoyed year round- Miami condos, waterfront mansions and rooftop penthouses are a popular option for New Yorkers looking for a change of scenery.
With the L train shutdown taking place in 2019, Williamsburg real estate has the most to lose. However, we are finding that property prices will not be bottoming out. Quite to the contrary, sellers and buyers already have the shutdown baked in the price of the property.
One57 is one of the most prolific new developments in New York City. As one of the first buildings to mark the establishment of Billionaire's Row, One57 continues to show that while the mega luxury market has softened, there are still luxury properties to be had.
New York City property taxes are set to increase for the 2017 fiscal year. Learn how the city's property values will be increasing by more than $1.3 billion and how it will be impacting property owners.
The Second Avenue subway has finally become operational. With stations opening up on 72nd Street, 86th Street and 96th Street, the Second Avenue subway adds newfound convenience to residents on the Upper East Side. With added convenience comes added property valuations.
We've been busy collaborating with StreetEasy and want to give you a sneak peak to all the articles we've had the opportunity to write.
Central Harlem is one of the fastest growing neighborhoods in New York City. Learn more about the different types of opportunities that exist for homebuyers.
Timing your apartment purchase with the end of your lease doesn't always work out as you planned. The easiest way to overcome this challenge is to plan the purchase around when you find the right property at the right price. Sublet your current apartment to get out of the lease.
We are excited to have gotten the chance to speak at TripAdvisor and teach a class on buying your first apartment in NYC.
In order to get the most competitive rate on a mortgage, you have to make multiple lenders compete for your business. It's the only way that a mortgage broker will chop their rate and give you incentives to use them over the competition.
Homebuyers make mistakes. They can easily be avoided. However, once most homebuyers realize they are mistakes, the deed has already been done. Check out these mistakes every homebuyer should avoid.
As the housing supply stays low across NYC, it is causing prices to continue trending upwards. Additionally, many developers are skipping affordable luxury and skipping straight to super luxury, which makes buy-in for some potentially challenging.
Most people hate the sound of construction. However, construction is a positive thing when it comes to buying into neighborhoods. It means that developers are investing time and money into respective neighborhoods, which will result in the continued appreciation of property values.
Making money while you sleep sounds like a preposterous concept. However, when you purchase your primary residence in NYC you actually have the chance to do exactly that.
Nobody controls your standards like you control them. Set high expectations for yourself and seek out your very best every day. Positive results will follow.
Window shopping for real estate is a great way to learn what is popular in higher price ranges than you may be able to afford. This is not a bad thing, as it gives you a way to measure good value as you come across properties in your price range that may have similar details as what you previewed when you were window shopping.
It is possible to find apartments that are undervalued and simply apply a little bit of elbow grease and some great staging to get a massive return on investment. We did it ourselves and have the before and after photos to prove it. Check out what a difference a few thousand dollars and some staging make.
We often advise would-be real estate investors to consider investing in their primary residence prior to getting a property destined for rent-roll. There are tax benefits that make investing in your primary residence worthwhile, even if you don't plan on living there longer than a few months.
If you’re looking to invest in a NYC condo, it’s essential that you get a full understanding of what property management looks like.