April Edition - 30 Days of Real Estate in 90 Seconds  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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J. Rubinstein Team

Before You Sign on the Dotted Line,

Your Attorney’s Due Diligence Is a Priority.

Conducting careful due diligence is a critical step in the New York City real estate buying process. It’s the essential safety net for all buyers before a deal is finalized - ensuring that a co-op, condo or private home is sound both financially and structurally, and that a property has been accurately represented by the seller. There are two main aspects to due diligence: A detailed review of all pertinent records regarding a property – and, in the case of a brownstone or townhouse, a thorough on-site property inspection.


Prime duties of your real estate attorney: 

  • Reviews the most recent minutes of the co-op or condo board – which provide insight into a building’s financial and operational details, as well as major structural issues that could impact future common charges.

  • Reviews building’s financial statements for the past two years – or further back – along with current year’s budget.
  • Ensures the property’s title is free of liens. 

  • Looks into the building’s history to determine if there have been any violations.

  • Verifies that all bedrooms listed are actually legal.
  • Determines if there have been issues regarding lead paint, asbestos and mold.

     


Home inspection checklist for Townhouses and Brownstones.


If you’re purchasing a single-family house, a thorough home inspection is your only chance to ensure that the seller hasn’t failed to disclose any major problems with the property. Inspectors typically focus on the following areas of a home:


  • Heating & cooling systems

  • Plumbing

  • Electrical systems

  • Roof condition

  • Walls, Ceilings & Floors

  • Windows & Doors

  • Foundation

  • Pests


Do you need an apartment inspection of a co-op or condo?


Most home buyers leave the due diligence up to their attorney. Having said that, it can be a wise step and provide peace of mind to hire a home inspector if a residence has been continuously occupied for many years without serious upkeep. More than superficial cosmetic issues, you’ll want to have a close look at plumbing, wiring, windows and appliances. 


Deep-down professionalism.


Falling in love with an apartment or gracious townhouse feels wonderful and exciting. But I always remind my clients about the importance of looking beneath the surface before they make a commitment – to make sure there are no surprises lurking. The due diligence of a proven real estate attorney – and on-site inspection when deemed necessary – are vital steps before you sign on the dotted line – before you step over the threshold of your beautiful new home.

NYC Real-estate-related revenue hit record $37B last year

The real estate industry, and especially the commercial sector, remains the main driver of the New York City economy, according to data to be released on Monday by the Real Estate Board of New York.
My Newest Listings
Coming Soon - 4 West 21st Street, Unit PH
3 Bed | 2.5 Bath

New Development of the Month

The Slope on Fifth

Focus On Design

In New York, Beyer Blinder Belle completes South Street Seaport Museum

The A. A. Thomson & Co. Warehouse is home to the South Street Seaport Museum, an institution tasked with telling its neighborhood’s multivalent history, and that of New York City more broadly.
Recently Closed Deals

6 Morton Street

West Village Townhouse

Status - In Contract


555 West 22nd Street, 3CW

Corner Unit at the Cortland

Status - In Contract


136 Waverly Place, 4B

Gut renovated Greenwich Village Co-op

Status - In Contract


215 West 91st Street, 43

Pre-War UWS 3BD

Status - In Contract


78 South 3rd Street, 3

Private Duplex with a Private Roof Deck

Status - In Contract


420 A Lafayette Avenue

Sunny 2 Family Townhouse

Status - In Contract

This Month's Mortgage Rate Snapshot

*The rates below are based on a $3,000,000 Condominium Purchase with a 20% down payment

10-Year Adjustable Rate: 6.25%


30-Year Fixed Rate: 

6.625% 

Q4 2024

Market Reports


Recorded Sales:

Licensed Associate Real Estate Broker

Founder | J. Rubinstein Team

M: 646.320.7745
j.rubinstein@compass.com

     

Justin Rubinstein is a 21-year veteran of the real estate marketplace, who quickly gained attention from industry veterans and clients alike as a motivated and knowledgeable professional whose focus is on providing the best customer service possible while negotiating and protecting his clients with dogged tenacity. This tenacity and hard work ethic has proven fruitful as he has successfully negotiated over $1B in real estate transactions to date. Justin has enjoyed representing buyers and sellers of trophy properties such as the Time Warner Center, 56 Leonard, The Apthorp, One Madison, landmarked West Village townhouses, and new development penthouses. In each instance, his clients come away from the experience with a strong appreciation for his dedication and expertise - for more on this, please see his testimonials page.

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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