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Real Estate & Home Improvement / Re: Terrace View
« on: March 04, 2011, 10:10:49 AM »
Hi JudgeSadie,
I think we chatted on this board a while back. I am also in the Terrace View. At the moment I think there are two 2BRs available in the building, plus a full 3BR (mine). I am listed with Helen Van Rhyn at Brown Harris Stevens. Here is a link to the listing for my place, in case you're interested:
http://www.bhsusa.com/queens/7910-34th-avenue/coop/1139963
Just so you know, she will be running open houses next week and probably the week after that as well, in case you wanted to have a first hand look. We have actually fully renovated the place, and that's reflected in our asking price. Frankly, to do a renovation to the scale that we've done here will probably cost someone $80,000, plus all the headaches of getting various contractors in and out, and a lot of time as well. Everything in the bathrooms and kitchen is new and up to date. We substantially upgraded the electrical system as well.
In addition to our place, I am aware of Robert Insirello's listing that LuzMarie mentioned. He had at least a couple of 2BR apartments that were estate sales, in need of full renovations, and they were priced accordingly. Both of these listings have gone into contract and are no longer on the market. Since they have been sold, the market seems to have improved, so we should start seeing better prices in this building. Robert has a 2BR that he just listed. That apartment, while likely well kept, probably is in need of modernization. You may want to have a look at that one. I think he is asking $369K for it, but check with him. In addition, I am aware that Michael Carfagna has a 2BR listed (without a terrace). Check his web site. Also, there was a sponsor 2BR apartment that came on the market a couple of weeks ago, asking $395K, and has already gone into contract. So things are moving up here. If you are interested in a place in this building (or anywhere, for that matter), I think now is the time to make your move. Prices are not going to get any lower, and interest rates are also not likely to be any better than they are right now, and in fact I can only see them moving higher.
In addition to the full 2BR listings on the market here, there are, I think, one or two junior 4 apartments (full 1 BRs with a fairly large dining room that can be used as second bedroom).
Finally, Helen (my broker) also had a listing in the Greystones that she sold (offer accepted) within a week or two of putting it on the market, and she also has a 2Br in the Elm Court (that's the complex right behind our building, has a garden) that is asking in the mid 500K range, and they've had an offer as well (they rejected it).
Hope this helps. Again, if you have your heart set on this building, I would recommend you make your move now. Whether it's my place or someone else's, the real estate market is getting more active and is definitely much better than it was a year ago. Nice space won't last long.
Good luck, whatever you decide to do.
Cheers / TheMariner
I think we chatted on this board a while back. I am also in the Terrace View. At the moment I think there are two 2BRs available in the building, plus a full 3BR (mine). I am listed with Helen Van Rhyn at Brown Harris Stevens. Here is a link to the listing for my place, in case you're interested:
http://www.bhsusa.com/queens/7910-34th-avenue/coop/1139963
Just so you know, she will be running open houses next week and probably the week after that as well, in case you wanted to have a first hand look. We have actually fully renovated the place, and that's reflected in our asking price. Frankly, to do a renovation to the scale that we've done here will probably cost someone $80,000, plus all the headaches of getting various contractors in and out, and a lot of time as well. Everything in the bathrooms and kitchen is new and up to date. We substantially upgraded the electrical system as well.
In addition to our place, I am aware of Robert Insirello's listing that LuzMarie mentioned. He had at least a couple of 2BR apartments that were estate sales, in need of full renovations, and they were priced accordingly. Both of these listings have gone into contract and are no longer on the market. Since they have been sold, the market seems to have improved, so we should start seeing better prices in this building. Robert has a 2BR that he just listed. That apartment, while likely well kept, probably is in need of modernization. You may want to have a look at that one. I think he is asking $369K for it, but check with him. In addition, I am aware that Michael Carfagna has a 2BR listed (without a terrace). Check his web site. Also, there was a sponsor 2BR apartment that came on the market a couple of weeks ago, asking $395K, and has already gone into contract. So things are moving up here. If you are interested in a place in this building (or anywhere, for that matter), I think now is the time to make your move. Prices are not going to get any lower, and interest rates are also not likely to be any better than they are right now, and in fact I can only see them moving higher.
In addition to the full 2BR listings on the market here, there are, I think, one or two junior 4 apartments (full 1 BRs with a fairly large dining room that can be used as second bedroom).
Finally, Helen (my broker) also had a listing in the Greystones that she sold (offer accepted) within a week or two of putting it on the market, and she also has a 2Br in the Elm Court (that's the complex right behind our building, has a garden) that is asking in the mid 500K range, and they've had an offer as well (they rejected it).
Hope this helps. Again, if you have your heart set on this building, I would recommend you make your move now. Whether it's my place or someone else's, the real estate market is getting more active and is definitely much better than it was a year ago. Nice space won't last long.
Good luck, whatever you decide to do.
Cheers / TheMariner
.....$2 or $3 (per kid) strikes me as a bit rich, particularly considering the (poor) quality of the goop they serve up....but that's another topic.