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Chief Blogger: Christopher Dente, Director of Public Relations | 212.685.7777 | cdente@citi-habitats.com
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New Developments

First-time homebuyers leading market back
Posted by Christopher Dente |  November 16, 2009

First-time homebuyers leading market back

By Les Christie, CNNMoney.com staff writer

Housing recovery is being propelled by affordability, bringing entry-level buyers back into the market.

NEW YORK (CNNMoney.com) -- Propelled by the first-time homebuyers tax credit, nearly half of home sales are now being made by first-time purchasers, according to an industry report released Friday.

Read full article here.

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Filed under: New Developments, News, Sales
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Bidding Wars Resume
Posted by Christopher Dente |  November 16, 2009

Bidding Wars Resume

By VIVIAN S. TOY | NY Times

A TWO-BEDROOM apartment on the Upper West Side is listed at $1.595 million and sells within two weeks after nine prospective buyers race to outbid one another, ultimately pushing the price to nearly $1.8 million.

Read full article here.

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Filed under: Manhattan, New Developments, News, Sales
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Mortgage Rate Update
Posted by Christopher Dente |  November 16, 2009



Regular Mortgages



Jumbo Mortgages

Source: BankRate.com

View: three months

 

5/1 A.R.M.        4.09%
15-Year Fixed  4.60%
30-Year Fixed  5.02%

 

 
 

 

 

5/1 Jumbo         4.77%
15-Year Jumbo  5.39%
30-Year Jumbo  5.89%

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Filed under: Market Reports, New Developments, Sales
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New Development News - 80 DeKalb
Credit to: Christopher Dente
Posted by Christopher Dente |  November 12, 2009




80 DeKalb Avenue

Committed to sustainability, 80 DeKalb is one of the only rental buildings in Brooklyn targeting LEED certification and will be among the newest residential buildings in the borough.

Located on DeKalb Avenue between Hudson Avenue & Rockwell Place in Fort Greene, the building borders both the BAM (Brooklyn Academy of Music) Cultural District as well as Fort Greene’s noted Historic District.

The building’s unique architecture features an angled metal and glass facade and is accented by large terraced setbacks at the upper portion of the building. High ceiling and oversized windows give the tower a slender and luminous quality, and will provide residences with abundant light and open panoramic views of downtown Brooklyn, the Manhattan skyline, Statue of Liberty, New York Harbor and historic brownstone Brooklyn.

Designed by renowned architect Costas Kondylis, 80 DeKalb is the first residential tower built by Forest City Ratner Companies (a Brooklyn based development company).

80 DeKalb is convenient to transportation near the B, M, Q, R, 2, 3, 4 & 5 Trains all within a 5 block radius.

Number of Units: 365; 36 floors

Unit Mix Type: Studios, 1 Bedrooms, 2 Bedrooms

Price Ranges:
Alcove Studios from $1,955
1 Bedrooms from $2,255
2 Bedrooms from $3,400  

Amenities: 24-Hour Doorman, On-site Valet Service, Full-Time Live-in Superintendent, State-of-the-Art Private Fitness Center, Yoga Studio, WiFi, Resident’s Lounge with Entertaining Kitchen and Fireplace, Sundeck, Screening Room, Bike Room, Ground Floor Retail Space, On-site Parking Garage

Interior Apartment Finishes: Apartment Finishes include High Gloss White Thermofoil Custom Cabinets with Squared Edges, Polished CaesarStone Countertops with Full Height Viscaya Glass Tiled Backsplashes, Polished Chrome Fixtures, Stainless Steel Kitchen Aid or Summit Refrigerators, Stainless Steel Whirlpool or GE Gas Range Ovens, Stainless Steel Whirlpool Microwaves and Dishwashers, Bathroom Finishes include Crema Marfil Honed Marble Shower Tiles, Sant’Agostino Ceramic Matte Finish Floor Tiles, Custom Japanese Elm Wood Grain Vanities with Undermounted Kohler Sinks and Honed Quartz Countertops, Kohler Fixtures, Toto Commodes, ASKO Stackable Washers & Dryers in all Apartments, some Apartments with Private Outdoor Setback Terraces, Oversized Windows, Wide Plank Maple Wood Flooring (FSC-Forest Stewardship Council), 9ft–11ft Ceiling Heights, Windows with UV Protection, North, South, East & West Exposures.

Visit: www.dklb.com

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The Alliance for Downtown New York - Q3 2009 Real Estate Market Overview
Posted by Christopher Dente |  November 12, 2009


The Alliance for Downtown New York - Q3 2009 Real Estate Market Overview

Though the global recession continued to impact Lower Manhattan in Q3 2009, the real estate market outperformed other business districts and showed signs of stabilization. There was a notable uptick in leasing activity between July and September, highlighted by the signing of two of the city’s largest leases this year. Meanwhile, residential vacancy rates remained very low, and hotel prices and occupancy outpaced the greater New York City market. Additionally, 21 retailers opened their doors this quarter, ranging from a national steakhouse chain to delis, clothing stores, and hair salons.

Click here to read the Q3 2009 Real Estate Market Overview, covering office, residential, hotel, and retail market performance.

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Filed under: Manhattan, Market Reports, New Developments, News, Rentals, Sales
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RECENT POSTS
Mortgage Rate Update
U.S. Mortgage Rates Fall for Third Consecutive Week
With F.H.A. Help, Easy Loans in Expensive Areas
U.S. Housing Recovery Delayed to 2010 as Market Wanes
Real Estate Outlook: Moving Towards Recovery
First-time homebuyers leading market back
Bidding Wars Resume
Mortgage Rate Update
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