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Monday, April 2, 2007

Greetings from Tokyo

cherry blossomsheadroomI'm on vacation in Japan until April 16th. The Sakura {cherry blossoms} came into full bloom upon our arrival last Thursday, they were a full week ahead of schedule. Watching them or hamami, is a national rite of spring in Japan, and people came out in droves last weekend to celebrate their short-lived beauty, eat and drink with their friends & family. We spent some time with friends around Senzoku-ike. I'll be posting my photos from Tokyo on my flickr photo blog until I return. Updated April 15th.

Wednesday, March 28, 2007

My new report card

bruce zipfheadroomI was talking with an agent from another company recently. I mentioned to him that it was going to be one of the busiest weeks of my year, with five transactions closing in five days. He asked the obvious business question, "How much will you be making?" to which I honestly answered, "I have no idea". It's truly a blind spot in my vision. I'm a classically left brained person, far more interested in processes than numbers. Is the goal revenue, or is revenue the measurement of how well I'm achieving my goals? The sales record is the way we keep score in this business; but the business for me is providing an innovative level of property marketing, product knowledge and client service. No doubt that processes and results are inevitably intertwined, but at least I seem to be approaching the business with a vision that is authentic to my nature. It was again validated when I received a letter the next day, for the second consecutive quarter, from NRT President and CEO Bruce Zipf, recognizing my placement in the top 2% of NRT agents nation wide. Many people outside of the business don't know that NRT operates the largest residential real estate brokerage operation in the world. Its brands include: The Corcoran Group, Citi-Habitats, The Sunshine Group, Sotheby's, Century 21 and Coldwell-Banker. So that's a pretty large crowd to get in front of.

related story: a year of growth in a changing market

Tuesday, March 27, 2007

We have seen a new condominium development with a tax abatement. What does that mean?

Q&ANewly developed and converted condominiums are the premium product in the today's real estate market, and have driven the price per square foot averages for NYC condos upward in recent years. One of the ways in which these properties compete in the market is by passing along real estate tax abatements to consumers. According to Michael Dym, a New York City based real estate Attorney, "The advantage of a tax abatement is simply that your real estate tax bill will be reduced each year by the amount of the abatement. This can often translate into savings in the tens of thousands of dollars. So condominium projects which offer these abatements, assuming all other things are equal, will have an edge." Looking down the road apiece, Mr. Dym points out that "On the other hand, when deciding on the purchase of a condominium unit with a substantial tax abatement you must also consider whether at the end of the abatement the home will still be in your budget, and what the impact on the value of the property without the abatement will be at the time you are most likely to sell".


Monday, March 19, 2007

New Blue for you?

105 norfolk   10022

factsheetblue.jpgdownload fact sheet (1.6 mb pdf) I'm pleased to announce that I'm exclusively representing this brand new one-bedroom condominium for rent at $4250 per month. This is at Blue, one of the most talked about new developments in the hipster thick of it, on Manhattan's Lower East Side. Its distinctive asymmetrical shape, and blue "pixelated" glass curtain wall, have already become an icon for the revitalization of the neighborhood where grandma took me shopping as a child to buy salt cod and tomatoes. That boundless energy of the new, the old, the hip, and the vernacular, living side by side, is perhaps the definition of what New York is all about.


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