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| A DIZZYING SUMMER ... AND FALL 09.29.2024 |
| | To my friends, family, my people: If I haven't answered your calls this summer or been slow to respond, I'm sorry... it's because we've been really, really busy. The past four months have been the most eventful real estate period since my start in 2019. 13 transactions, 25 unique humans/clients, more than $15,000,000 in activity with more on the way. I'm proud of the work we've done this season. Here are some of my favorite transactions from the summer.
A note to new subscribers: Welcome! Thank you for joining The Riff. I am Micheal Kahler and I'm a real estate broker (I prefer "advisor") at Compass. I'm based in New York City and I love what I do. My aim with The Riff is to be informative, thoughtful, simplify the complex, and be a resource for all things housing, real estate, NYC and beyond. (We have a little fun too). Please don't hesitate to reach out with questions, feedback or fodder. Let's chop it up. I hope you enjoy.
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| | 225 Fifth Ave 8K Nomad, Manhattan Last Asking $4,500,000
1701 Albemarle Road B12 Prospect Park South, Brooklyn Last Asking $1,050,000
365 Clinton Ave 11C Clinton Hill, Brooklyn Last Asking $1,050,000
800 East 17th 5B Fiske Terrace, Brooklyn Last Asking $750,000
800 East 17th 3A Fiske Terrace, Brooklyn, Asking $499,000
800 East 17th 6D Fiske Terrace, Brooklyn Asking $499,000
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| | 110 Charlton Ave 6B Hudson Square, Manhattan Last Asking: $1,750,000
227 Carlton Ave Fort Greene, Brookly Last Asking: $18,000/Mth
10 Plaza Street East #14H Prospect Heights, Brooklyn Last Asking: $1,450,000
415 Ocean Parkway 3J Kensington, Brooklyn Last Asking: $449,000
599 East 7th Street 5D Kensington, Brooklyn Last Asking: $449,000
940 Fulton, 3C Clinton Hill, Brooklyn Last Asking: $3,750
1818 Newkirk 6N Ditmas Park, Brooklyn Last Asking, $2,400 |
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NEW EXCLUSIVES COMING TO MARKET: |
| | 1818 Newkirk 1Q Ditmas Park, Brooklyn Inquire for pricing.
264 Webster Ave PH8111 Kensington, Brooklyn Inquire for pricing
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| This level of activity isn’t just happening to me; it reflects broader market trends. Inventory is slowly increasing, and with more relief on interest rates expected, we’ll likely see more options available—though that means more competition. There are opportunities out there. I call them "situational deals." "Situational deals" can be a goldmine if you know where to look and are willing to act decisively. Staying proactive—monitoring the data and leveraging your advisors—will put you ahead of the competition. Waiting for external factors to play out often leads to missed opportunities. It’s all about the balance between patience and action in this shifting landscape.
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Michael Kahler Licensed Real Estate Salesperson M: 972.935.7904 michael.kahler@compass.com |
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Office: 646-982-0353 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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