Brooklyn Brownstones are Moving Fast

Brooklyn Brownstone townhouses

Over the course of the next week or so we will be discovering and discussing what are Brooklyn Brownstones, their history, who owns them and their value. There are many brownstones throughout numerous New York City neighborhoods, especially in the Brooklyn neighborhoods of

Park Slope, Clinton Hill, Fort Greene, Cobble Hill, Prospect Heights, Brooklyn Heights, and Bedford Stuyvesant. The Manhattan neighborhood of the Upper West Side, too, retains many brownstones.

Sandstone with a reddish brown color caused by the dissolved iron oxide in the rock, is called brownstone. It was very easy to mine and carve and became very popular in the 19th century. New York and Boston both have a large number of brownstone homes that were built in the form of terrace or row houses with raised entrances. Harlem, Park Slope, and Brooklyn all have large numbers of such homes in varying condition. Brooklyn Brownstones are highly desired.

It is believed that in the late 1800’s Irish Catholics started to appear in Brooklyn, mainly Sunset Park and were soon followed by Polish immigrants. They found jobs nearby in Green-Wood Cemetery and Park Slope’s Ansonia Clock Factory. (photo credit: Brownstone Awaiting A Wrecking Ball, NYC 1959, by Dmitri Kessel, from the Brownstone Revival Coalition)
The Scandinavians began working as shipbuilders. In 1916 they joined together to build ‘apartments’.

Row house developers started using ‘brownstone’ as their material of choice. Brownstone was very easy to excavate and easy to work with as they could ‘form’ or carve it to fit their needs.

Post war the Brooklyn Brownstones were built for influential members of ‘high society’. Condos came into the picture and neighborhoods began to grow. There are hundreds of Brownstone homes enjoyed by families today.

Can you imagine living in a building with so much rich history? Made with love, sweat and I am sure blood and tears, these are some of the most beautiful homes, condos and apartments around.

You can find Brownstones in all areas of New York including NYC, they are also prevalent in New Jersey as most of the stone was mined there.

Brooklyn Brownstones have always been an excellent investment and never stayed in the listings very long. I also noticed how much higher the prices had began to rise. As a Realtor/Broker I am always invested in all areas of real estate but in my own home town I could not believe the phenomenon that was happening. This is the 3rd and final in our Brooklyn Brownstone series.

I began asking around and doing property searches to see why these famous Brownstones were flying off the market and much to my surprise they were being highly sought after by foreign investors, yes foreign investors. I found this really informative article giving the scoop on this hot market topic and I would like to share it with you,  Foreign investors ‘buying up all the brownstones in Brooklyn and pushing prices even higher’

Follow us to learn who desires these properties the most!  Or call me and lets find you one.


FSBO: Financial Hazards of Selling Your Home Yourself

imagesWhy pay a real estate agent a 6 percent commission fee when you could simply sell your home yourself?
If you’re selling your home for $100,000, that’s $6,000! You might think you have the know-how  and experience to sell your home yourself. Even if you live in a great neighborhood, you’re going to encounter obstacles throughout the selling process that could hurt the deal, and ultimately lose you some serious money.

What Are the Financial Hazards Awaiting a FSBO Listing?

Homeowners who want to sell their homes themselves are mainly trying to save money. But does selling your home “by owner” really help you save money in the long run?

One of the largest mistakes of people selling their own homes make is over-inflating the asking price. There is little that will stop a home sale quicker than the wrong asking price. Many who list FSBO do not seek the guidance of a local real estate agent or a local real estate appraiser. If more ‘for sale by owner’ homeowners priced their homes better out of the gate, they would stand a better chance of selling their property.

Homeowners who list their homes FSBO can often capitalize off an agent’s marketing efforts when they bring buyers into a neighborhood where other properties are for sale. FSBOs who price their home as it should be can acquire a buyer and end up saving a commission. That, of course, is the idyllic situation.

Getting a buyer to write a contract is just half the battle. It’s what comes after the offer where hiring a real estate agent can be superb. That’s not to say that every real estate agent is exceptional. Finding a talented agent is where people can make a serious mistake. In fact, they may have had a bad experience previously, and that is why they have tried to sell on their own. If more FSBOs took the time to find the best agent, there would most likely be a higher level of satisfaction.

What Are the Issues Facing FSBO Listings?

An all-time high of 89% of residential real estate transactions involved a real estate professional. The share of FSBO sales was just 8 percent, the lowest since data collection started in 1981. While there is more information  available to sellers than ever before, understanding and interpreting that data requires more skill than the typical person who sells a home maybe once every ten years or so.

Most real estate professionals feel they will be doing twice the work for half the fee, as the seller have questions and issues with the inspections, appraisals, repair resolution, contract changes, amendments and settlement that need to be addressed and resolved.  Resolving these details and glitches typically falls to the seller’s agent, who is in the best position to counsel the seller.

Without counsel from a professional representing them, a sale can collapse.  As a broker with a strong buyer who makes a reasonable offer on a FSBO, the chance that that offer is accepted and goes to closing is much lower with a FSBO.

Nearly every experienced agent has had a FSBO seller promise to pay a commission and then found a way around that payment.

Time can also be a major concern. Can the seller afford to b at home for every showing, be there for the inspection,  etc.?  If they have lots of free time, this might be an option, but the agent has the expertise that could make the process take a lot less time, and providing the owner with more time to do other things.

So Should You Even Try Selling Your Own Home?

If you’re still considering selling your own home, you need to be certain you go about things the right way.

FSBOs that have the best success tend to have the following characteristics: The home is located on a well-traveled road offering the property great exposure.  They are priced correctly.  The home is located in a neighborhood with other similar homes for sale.  Even with the possibility of saving some money by going FSBO, the downside for the homeowner can be very risky. Better to be safe than sorry. Give us a call and get the best price with the least problems and in the shortest amount of time. Get a happy scenario when it comes to selling your home.



How To Choose A Neighborhood

By Liz Gray,

clear camera 253 (Small)If houses are like spouses, a neighborhood is like the extended family. But while you can have a good marriage and still dread holidays with the in-laws, you’ll never love a house if you don’t like your neighborhood.

How can you choose the right community? Become a neighborhood detective. Figure out what you’re looking for, do research and find a neighborhood that fits your description. You don’t even have to wear a trench coat — but it probably wouldn’t hurt.

STEP 1 — Profile Your Perfect Neighborhood

Before you start scrutinizing neighborhoods, turn the magnifying glass back on yourself.

Think about what you’re really looking for in a new neighborhood. Remember, you’ll probably have to make compromises, so put the “must-haves” at the top and the “would- like-to-haves” at the bottom. Not sure what fits your lifestyle? Here’s a list of 12 types of neighborhoods to get you started.

Here are some things to consider:

  • Do you have children or are you planning to have children anytime soon? Parents know that the first thing to do when looking at a neighborhood is to research the school system. Even if you’re single, living in an area with a much sought-after school system raises your property value. If you have kids, you’ll also want to live close to parks and community centers.
  • What type of home do you want? Are you interested in a single-family home or an apartment, townhouse or co-op? Read more about the different types of homes.
  • How far are you willing to commute? Do you plan to drive, walk or take mass transit to work? Do you have a car or would you be willing to get one?
  • Do you want to be in a historic neighborhood or a new development? Historic neighborhoods have tons of character, but often require lots of repair work and are governed by community associations with strict standards. Newer developments have more modern features, but are typically far from the city center. Read more about the different types of architecture styles.
  • What is your current community lacking? If you’re currently landlocked, but have always wanted to live on the waterfront, put that at the top of your list. If you’re a coffee junkie, having a Starbucks down the street may be a dream come true.
  • Do you want to be able to go places on foot? Would you like to be within walking distance of shops, restaurants and bars? Or would you be willing to drive to nearby businesses?
  • Think about what you don’t want in a neighborhood, too. If you can’t stand late-night noise, you’ll probably want to steer clear of the college area or an area with a lively bar scene.

Continue reading

February’s Featured Home

BrooklynnyBPO shares February’s Featured Home. She is one sweet beauty, located in Staten Island, NY this multi-family spacious house is ready to wrap her loving arms around you. trust me, you will want to hug back

Built in 2006, this property boasts 5 bedrooms, 3 full baths, one 3/4 bath and one 1/2 bath. it is located in a quiet neighborhood at 23 Drew Ct and is loaded with amenities.

    • Fireplace in the living room to keep you cozy on cold NY nights.
    • Formal dining room, awesome for entertaining along with an eat-in kitchen
    • Jacuzzi in the master bedroom to relax after a hard day at the office
    • 1 car garage so you don’t have to scrape snow and ice
    • When winter is over and its time to chill out, head out to the pool surrounded by a patio just right for turning into your own oasis
    • Dishwasher is included to make clean up a breeze
    • Basement is just waiting for your finishing touch
    • 5,000 sq ft lot has a gorgeous front yard with curb appeal
    •  Fenced yard
    • 3,875 sq ft home perfect for you
    • Close by restaurants, grocery and even a Starbucks
    • Quiet neighborhood

February is the month for love and you are going to love this place. Call me today, I will be happy to show you around this gorgeous home. I know you will love it and want it and I will be there every step of the way to help you with paperwork, negotiations and all the little details that will get you into this home fast. 347-406-8369

Great Neighbors

Time to close the office but what to do for dinner? Steak definitely, so I dropped by Associated Supermarkets on the way home. I was thinking to myself how convenient was that? They have been around for a long time and oh yes, that steak was super delicious. We have a great neighborhood don’t we?