CITY LIVING with The Stein Team, October 2015

OCTOBER 2015
From The Stein Team
 
 
 
JUST LISTED:   43 Clarkson Street, West Village. Offered at $13,000,000
 
 

CITY LIVING with The Stein Team

 

September has been a bit slower than previous years, in part due to a late Labor Day and in part due to worries about a slowing Chinese economy and a unsteady U.S. stock market. Buyers are certainly taking a more cautious approach to the market.

That said, as September is one of two real estate "high seasons", there is a good deal of new inventory which has come on the market. We are seeing some very interesting pieces of property listed both up and downtown. The good news for buyers is that leverage has shifted a few notches toward the buy side. We are in the midst of a slight adjustment down in price, but we don’t think it is anything sizable at the moment. Sellers don't need to fret, the market is still relatively strong and resale inventory is low - so as long as pricing is done thoughtfully in reflection of slight market changes, property will remain to sell at solid values.

We hope you enjoy our latest edition of our Monthly E-Newsletter and as always, we’d love to hear back from you. We encourage you to j oin us in the conversation on  Facebook Google+ Pinterest , and  Instagram .

                                 

 
Stein Team Property
 
Our Latest Launches And Best Values
 
We recently placed several spectacular apartments on the market, each with unique features that are rare to come by and offer incredible value!
 
25 N Moore St | TriBeCa | $9.15M
 
25 N Moore St:  This one-of-a-kind 5-bedroom duplex at TriBeCa’s famed Atalanta Building offers 30 over-sized windows and rare unobstructed city views. The dramatic home evokes the feel of a 2-story house while maintaining the sophistication of the most luxurious urban dwelling.
 
66 Leonard St | TriBeCa | $5.495M
 
66 Leonard St:  This sprawling 2,813-sq.ft. has recently been reduced to $5.495M, offering exceptional value. While most neighboring TriBeCa condos are asking $2,500-3,000/sq.ft, this stunning Leonard St loft is offered at an attractive $2,100/sq.ft.
 
196 Sixth Ave | SoHo | $2.25M
 
196 Sixth Ave: Split over three levels, this loft uses every last foot as functional space. With cleverly designed storage throughout, two well-proportioned bedrooms, and a shared outdoor patio, this loft offers incredible value.
 
459 12th St | Park Slope | $1.2M
459 12th St: Location, location, location... this authentic loft is only one block from Prospect Park, and boasts many charming architectural details, such as double-height ceilings, hardwood floors, weathered brick walls, and oversized windows. 
 
 
 
Trend Alert!
 

Bohemian Fabrics
 
Shaggy pillows and rugs. Knitted upholstery. Felted wool. Sheepskin and macramé. These are a few of our favorite things that have been finding their way into the trendiest homes as of late. This Fall is all about texture - warming up your home while the temperatures begin to drop outdoors. Here are a few examples to give you some "shag" inspiration to bring these Bohemian Fabrics into your space.
 

 
Buyer Tips
 
What are the Risks of
Co-Signing a Loan?
 
A borrower may ask a family member or friend to co-sign a loan in instances where the borrower is unable to obtain a loan unless a third party promises to become legally liable (i.e., guaranty) to pay the loan if the borrower is unable or unwilling to make the payments. Co-signing, however, can be quite risky.
 
A co-signer can be held entirely liable for repayment of the loan. Even if a single payment is paid late, the lender may require payment from the co-signer and a default can appear on the co-signer’s credit report. It may also be difficult for the co-signer to have his or her name removed as co-signer from a loan. In many cases, the borrower must refinance the loan or repay the loan in it’s entirely before a co-signer’s name is removed.
 
 
 
A co-signer is also considered to have incurred the same debt as the borrower, which may compromise the co-signer’s ability to obtain a loan of his or her own. Because of the risks of co-signing, a person asked to co-sign a loan may wish to consider the alternatives:
- Can the co-signer gift the money to the borrower?
- Can the co-signer purchase the property with the borrower as a co-owner?
- Can the co-signer privately loan the money to the borrower?
 
 
 
CITY LIVING Solutions
 
Small Space Essentials
 
A Manhattanites biggest problem is often their small living space, and choosing the right furnishings to fit tight spaces can make all the difference. These examples should be on any small-space-dweller’s must-have lis.
 
Pedestal Table
 
A pedestal table with a sleek base can tuck into tight spaces with ease. The round edge means no sharp corners, and the center base makes it easier to squeeze more friends around the table.
 
Short Stacking Stools
 
Short stacking stools , like those seen here, are even more versatile than tall stools since they can be used as side tables as well as extra seats.
 
Mini Parsons Desk
 
A mini parsons desk can be a desk, but it can also work as a bedside table, bar, buffet or even a kitchen table. The sleek shape makes it an especially good choice for studio apartments, where you need your table to pull double duty.
 
Acrylic Armchair
 
Anything made of clear acrylic is an excellent choice for small spaces, as its transparency allows it to blend easily into the background. An acrylic armchair is an especially useful piece to have, since it can tuck in just about anywhere, from the living room to the desk.
 
 

 
The World of Sotheby's
 
 
Explore ART & HOME
 
It is our pleasure to share with you the latest edition of ART & HOME, a magazine jointly published by Sotheby's and Sotheby's International Realty. This literary collaboration showcases all the elements of an extraordinary life. It presents sophisticated content and beautiful images related to the art and real estate worlds. Enjoy the digital edition below.


 
 
 
 
THE STEIN TEAM
Jeremy Stein | Licensed Salesperson
917.854.4411 | jeremy.stein@sothebyshomes.com

Robin Stein | Associate Broker
917.570.8386 | robin.stein@sothebyshomes.com
The Stein Team’s Property Highlights

196 Sixth Avenue
More Information >>

131 Watts Street
More Information >>

25 North Moore Street
More Information >>

Sotheby's International Realty
149 Fifth Avenue
4th Fl
New York, NY 10010
+1 9178544411
Connect with us:

FacebookPinterestLinkedInYouTubeGoogle+Instagram
© 2014 Sotheby’s International Realty, Inc. All rights reserved. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractors and are not employees of Sotheby’s International Realty, Inc.