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THE MICHAEL GRAVES TEAM AT COMPASS

From the Desk of 

Justin Rubinstein

Is This a Good Time to Buy or Sell?

It Depends a Bit on What We’re Selling….


If my response seems all over the place, it’s because today’s world of real estate has 

so many question marks hovering over it.


Rising inflation, soaring gas prices, investment turmoil, war in Ukraine – they’re all 

contributing to an atmosphere of uncertainty for home buyers and sellers, many of 

whom are back on the sidelines waiting for the optimum market “moment.”


Things used to be rather predictable 

In the good ol’ days – not that long ago – real estate action traditionally took a break from July 4th til Labor Day, and from Thanksgiving to Christmas. And then came Covid 2020 - and anywhere-but-Manhattan sales went haywire all summer and beyond. Low mortgage rates beckoned with 30-year fixed numbers of around 3-1/4 percent. Tough times. Great rates. But look where we are now: in the past 90 days, we’ve seen two upticks, bringing us to a current rate in the nabe of 4-1/2 percent. No big deal for all those buyers with wads of year-end bonus cash.


What’s happening - and where

The market is hyper-localized. Sprawling residences for growing families are fetching hefty numbers, especially the most coveted pre-war addresses on the Upper East Side. The same holds true for townhouses in Brooklyn Heights and Cobble Hill. Prime apartment inventory throughout the city is definitely limited - except for a smattering of new-builds that continue to rise - as sellers hold out for pre-Covid numbers. 


My wisest advice 

As I continue to tell my cIients, when you see something that you absolutely love, go for it! Your enthusiasm combined with my years of negotiating know-how invariably propel a deal that feels right to all parties. You’ve found a home to treasure for years to come. A winning, happy feeling that resonates even more in uncertain times.


My Newest Listings

2 Bed | 2 Bath 

Furnished Rental

with 3 Balconies and a Private Terrace 

1 Bed | 1 Bath

For Sale

Coming Soon...

New Development of the Month

2505 Broadway

More People Are Moving to Manhattan Than Before the Pandemic

New York City is making a comeback.

After the US was briefly frozen by Covid, the city started to see more movement than the rest of the country, much of it in one direction: out.


Focus on Design
An East Hampton Renovation Fit for a Ship’s Captain
The Amagansett, N.Y., cottage had to be rebuilt from the ground up. So one couple went all in with nautical style...
My Recently Closed Deals

280 St. Marks Ave, Unit 4E

Prospect Heights 3-Bedroom 

Status - In Contract 


85 Jay Street, Unit PH21A

Dumbo New Development

Status - Closed


205 3rd Ave, Unit 3K

Gramercy Co-Op

Status - In Contract


520 West 23rd, Unit 5E

Chelsea 1-Bedroom 

Status - Closed


195 Bowery, Unit 3

Bowery Loft

Status - Closed


545 West End Ave, Unit 12C 

Upper West Side 3-Bedroom Co-Op

Status - In Contract


April 2022

 

Market Reports

Justin Rubinstein


The Michael Graves Team
Licensed Associate RE Broker
m: 646.320.7745
j.rubinstein@compass.com
     

      Justin Rubinstein is a 18-year veteran of the New York City 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 for and protecting his clients with dogged tenacity. This tenacity and hard work ethic has proven fruitful as he has successfully negotiated over $600M in real estate transactions to date. As a member of the record-breaking Michael Graves Team, Justin has enjoyed representing buyers and sellers of trophy properties such as the Time Warner Center, 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

© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC

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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