Tagged : Staten Island

Found 16 blog entries tagged as "Staten Island".

New York City ApartmentsOur CEO, James Prendamano, had the opportunity to speak with Tracey Porpora at The Staten Island Advance to discuss the Renter Migration Report by Apartment List. 

 

The study revealed that 32.3% of apartment hunters currently living in New York are looking to move elsewhere.  James was quoted saying “We have been talking about how the cost of living, coupled with technology decentralizing everything from real estate to employment basis, has been leading to a significant migration out of New York and the city in general. While the 2020 Migration Report reveals what seemed to be staggering numbers, this should come to no surprise to anyone, as it just confirms what we’ve been seeing on the ground. ... It’s hardly a coincidence the cost of living for

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ForeclosuresCasandra Properties CEO, James Prendamano, spoke to Tracey Porpora from the Staten Island Advance to discuss the latest study that found foreclosures have spiked on Staten Island over the last year. The study conducted by Property Shark saw an increase of home foreclosures from 48 in the third quarter of 2018, to 136 in the same quarter in 2019. 

 

“There is a big difference between a loan that is not performing and one that is actually been put into the foreclosure process. In many cases these non-performing loans are sold in bundles at significant discounts off par value to other banks and investment companies.  It is not unusual for a loan to be sold several times before arriving at its final servicing entity.  The average homeowner would notice

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32 Wandel AveThe Nixon McGowan Team of Casandra Properties is proud to announce their new listing located at 32 Wandel Avenue in the Grymes Hill area of Staten Island, NY. 

New construction single family semi-attached homes set high in hill on dead end block for ultimate views and privacy. Walk in at grade level for a rec room, 3/4 bath, plenty of closets and access to build in garage. Main level features open concept with kitchen, shared living/dining, half bath and front balcony. Upper level includes 3 bedrooms, shared full bath, washer/dryer and ample closet space. This home comes complete with a secluded backyard with pavers. Convenient location that is easily accessible to all buses, and just a short drive to the Verrazano bridge.

 

For more information

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Staten Island RailwayOur CEO, James Prendamano, recently had the opportunity to discuss the reasoning behind the increase in home prices that are within walking distance to the Staten Island Railway (SIR). According to the study you can get anywhere from 9%-34% higher price for your home vs. elsewhere on the Island. The average price of a home near a SIR station is $499,000, with the rest of the borough averaging $459,000.

 

James was quoted saying “All things being equal, it makes perfect sense the train stops from Mid-Island and those as you get closer to the ferry carry with them pricing bumps in and around the train stations.”

 

To read more click here.

 

If you are interested in selling your home or purchasing a new home we are here to help!  Please

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Staten Island's North ShoreOur CEO, James Prendamano, had the opportunity to speak with Crain’s New York to discuss what we have seen in the past and what has been happening on the ground in real time on Staten Island’s North Shore. The article is entitled A Shore Thing: Staten Island’s North Shore Booms Along Bay Street. 

 

James was quoted saying “Staten Island as a whole has been shockingly stagnant since 1975 but these developments have had a profound impact.  Ten years back this area was not as appealing but I am bullish on it now. There’s tremendous growth opportunity here.  There’s such demand for housing and people want a walkable community and transit-based development”.  James went on to say “This wasn’t big bad developers pushing people out – in all these

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We always welcome the opportunity to chat with our friends in the press.  It’s an extra special treat when we can opine about our beloved Staten Island Real Estate market. 

I had the pleasure of chatting with Tracey Porpora over at the Staten Island Advance last week about New York City’s ranking for affordability of first time homebuyer’s options.  The title of the article was Staten Island Most Affordable in NYC for First Time Home Buyers, Realtors say.

The list was published on WalletHub.com.  This personal finance website ranks a host of categories city by city related to personal finance.  

The website focuses on twenty-seven different metrics designed to factor in everything from Real Estate tax rates to property crime rankings - from cost of living

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I was going to write this morning about all of the recent regulatory shifts in the rental market, our predictions (which have been consistent and spot on!), and how we see opportunity in this market as everyone runs for the hills.  

Instead, I woke up and nestled into my favorite blogging spot, opened my blinds and was greeted with this majestic view.   


I thought about how every day, every sunrise, we are greeted with a new set of opportunities and a bit of a clean slate.  I decided to save the heavier material for later in the week, today let’s talk about the amazing opportunities in real estate right here on Staten Island, shall we?

Staten Island, the forgotten borough, Staten Island never misses the opportunity to miss an opportunity.... remember

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Shockingly Low Sale

 

Legendary rapper 50 Cent purchased his sprawling Farmington, CT estate back in 2003 for $4.1 million, at the time, the most expensive home sale in Farmington, CT. This estate is truly like no other. This opulent 52-room estate in central Connecticut comes complete with 21 bedrooms, 19 full bathrooms, 16 half baths, and a laundry list of lavish amenities, with 50,000 square feet of living space. Aside from the standard living spaces, the home offers unique features like a board room, recording studio, multiple game rooms, a theater, a green screen room, and indoor basketball court, and a nightclub (yes, a nightclub), an indoor pool and hot tub, and a full gym. And that's just on the inside. The grand estate also offers lush

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As a real estate agent, I along with my team often get calls about investors looking for 1031 investments. When selling a property owned for a long period of time especially in New York City where prices historically have skyrocketed over the years, the owners are often exposed to capital gains. So, their options were always primarily to pay the taxes on the capital gains which can in some cases be as high as 35% +/-  or enter a 1031 like-kind exchange where you replace the sold property for a similar property.  

 

There is now a new program in New York State under the Federal Job Acts of 2017 that provides an alternative for investors facing capital gains. An opportunity zone is a low census tract with an individual poverty rate of 20% or more

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Although many people consider Staten Island the forgotten borough of New York City, the island has produced some of pop-cultures most famous across many industries.  Some of these famous people from Staten Island come from areas like the Park Hill Projects.   Read on to find out who these celebrities and famous musicians are.  

Wu-Tang Clan

This rap group assembled in the early 1990’s in Staten Island. They were considered a revolutionary rap group when they emerged on the scene. The group has gone on to become one the most well known rap groups in history. They coined the term Shaolin Island in reference to Staten Island.

David Johansen

Johansen’s career budded in the late 1960’s where he was the lead singer of a Staten Island band

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