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From the Desk of Justin Rubinstein |
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“It's A New Year and A New Market; What's My Apartment Worth?” |
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(I’m Really Glad You Asked!) |
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Home owners posing this age-old question invariably fall into two camps: those who’ve been eager to sell for some time – and those simply pondering the possibilities of moving on to a new lifestyle setting. It’s only natural to know how much money your condo, co-op or townhouse will fetch. In this newsletter, I want to make you aware of the variables that shape a fair- market price assessment – a tricky task made even slippery-er with all the vagaries hovering over New York City’s 2024 real estate scene. A real estate reality overview:
Making the most of your investment:
Your apartment is more than just another listing up for sale. It’s a home you’ve loved, a home that has rewarded you in so many ways. I’m here to ensure your home continues to reward you when it comes to market – with the strongest package of spot-on pricing, sophisticated marketing support and the dedicated attention that makes all the difference. |
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Reports of the death of New York City real estate may have been greatly exaggerated. The total tentative market value for assessed properties in New York City rose to $1.491 trillion, up 0.7 percent from the current fiscal year, according to new data from the city’s Department of Finance. |
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My Newest Listings |
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New Development of the Month |
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Giorgio Armani Residences |
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Focus on Design |
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5 Real Estate Trends That Will Rule the Market in 2024 |
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In a year of expected interest rate drops, real estate could come roaring back from its beauty sleep—here’s what to expect |
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My Recently Closed Deals |
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365 Bridge, 8D 2BR Art Deco Loft Status - In Contract 365 West 20th, 17B Pre-War Renovated Penthouse Status - Closed 130 Fulton Street, 9B Immaculate 2,794 SF Loft Status - Closed 115 Norfolk Street, 202 LES Boutique Condo Status - Closed 60 Riverside Boulevard, 1606 Luxury UWS Condo Status - Closed 144 East 36th Street, 8B High Floor Corner Unit Status - Closed |
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This Month's Mortgage Rate Snapshot |
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*The rates below are based on a $3,000,000 Condominium Purchase with a 20% down payment |
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30-Year Fixed Rate: 6.75% 10/1 Adjustable Rate: 6.375% 5/1 Adjustable Rate: 6.375% Data provided by Aaron Ritter of PNC Bank |
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Q4 2023 Market Reports |
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Recorded Sales: |
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Justin Rubinstein is a 19-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... read more |
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