Category: Residential real estate

The Return of the Bidding War

You’ve been hearing the buzz that the NYC housing market is back.  With a limited inventory, rising demand and competition from not only fellow city dwellers but also an increasingly international buyer pool, it was only a matter of time before bidding wars were back on.  And on they are. As a New York real [...]

Wednesday April 24th, 2013 in Residential real estate | No Comments »

Ask the Magic 8-Ball

On a recent Sunday, the New York Times Real Estate section looked at an age-old question that has conflicted city-dwellers since the beginning of time (or at least in the last half-century):  Should I rent or buy?  And with today’s ever-changing market, potential home buyers are scratching their heads even more vigorously.  As a New [...]

Wednesday August 22nd, 2012 in Residential real estate | No Comments »

Micro-units or micro-idea?

In an interesting press conference this week, Mayor Bloomberg announced a contest seeking a developer for 80 residential “micro units” at a city-owned parking lot on E. 27th St. in Kips Bay.  The units, or studios, are part of a pilot program to develop 275 to 300 square feet studios that will rent below market [...]

Wednesday July 11th, 2012 in Real Estate and Development, Residential real estate | 1 Comment »

Hollywood House Swapping

Oprah just announced her latest pick for her book club, which will now top the best-seller list and become one of the summer’s hottest reads, apparently only after the 50 Shades trilogy.  However, my summer required reading is never a novel, classic, erotic or otherwise.  My favorite reading material during the summer months is the [...]

Wednesday June 6th, 2012 in Residential real estate, Uncategorized | No Comments »

Snooki May Have Vacated the Jersey Shore but Buyers are Back

With Memorial Day weekend just a few short weeks away, the BBQs are heating up along with real estate activity at the shore.  Married to a self-proclaimed Jersey Girl and a beach lover myself, our summer at the Jersey Shore begins with a margarita and a weekend at the beach.  But as a New Jersey [...]

Wednesday May 9th, 2012 in Real Estate Transactions, Residential real estate | No Comments »

Sex Not in the City

When two unrelated big-ticket, celebrity-smelling contracts on properties in Brooklyn make headlines in one week, it seems as though there is a trend brewing.  And with similar movement and media coverage on Harlem, one might think there’s more to it.  

Wednesday March 28th, 2012 in Felix Nihamin, Residential real estate | No Comments »

Spring is in the Air

By all accounts to-date, it looks as though March has come in, and will go out, like a lamb and with the passing of the official first day of Spring, what is usually the busiest season in the housing market is upon us.  In anticipation of a market surge in the weeks to come, professionals [...]

Wednesday March 21st, 2012 in Residential real estate | No Comments »

New Jersey For Rent

As the rental market continues to rise and vacancy rates continue to fall, investors and developers are looking at, and planning for, multifamily and for-rent properties with renewed enthusiasm.  In fact, some developers are enticed by lucrative state tax breaks.  However, the allure of the rental landscape is not as easy to navigate as it [...]

Wednesday December 14th, 2011 in Felix Nihamin, Residential real estate | No Comments »

Do It Yourself Transactions: Are They Worth It?

While making small talk at a recent family holiday gathering, I had the displeasure of meeting the one relative in my wife’s family that no one admits to a familial connection.  On this particular occasion, upon learning that I am a real estate attorney who practices in New York and New Jersey, he slaps me [...]

Wednesday November 30th, 2011 in Felix Nihamin, Residential real estate | No Comments »

Looming Foreclosure Activity Does Not Bode Well for Housing Market

When New Jersey foreclosures came to a screeching halt at the close of 2010, some distressed homeowners may have breathed a sigh of relief, but unfortunately the reprieve is only temporary and the future affects will be monumental on the banking and real estate industries. In an initiative to protect homeowners from unnecessary and routine [...]

Wednesday June 29th, 2011 in Felix Nihamin, Home Mortgage, Loan Modification, Residential real estate, Short Sales | No Comments »