The Real Deal New York

NYC real estate in brief

June 19, 2009 02:46PM

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L Haus tacks on more buyer incentives
Three months after announcing buyer incentives, the Long Island City
condo L Haus just started offering 90 percent financing in addition to its rent-to-own and price protection incentives to
potential buyers. L Haus is also offering brokers 2.5 percent
commission on first deals, 4 percent commission on second deals and 5
percent on third deals. The Park Slope condo at 500 Fourth Avenue is
also offering a broker promotion. If three deals are done from one
brokerage office, the condo will raise the co-broke fee to 4 percent
from 3.5 percent.

Brooklyn officials hold foreclosure workshop
Rep. Ed Towns,
chairman of the committee on oversight and government reform, will hold a meeting tomorrow for Bedford-Stuyvesant and Fort Greene residents struggling
with foreclosure. Towns, Brooklyn District Attorney Charles Hynes,
representatives from the Pratt Area Community Council and Bridge Street
Development Corp. will share information on how to survive the
foreclosure process and mortgage rescue scams. Last year, there
were 5,067 foreclosure filings in Brooklyn alone, with 110 in Fort
Greene and 740 in Bedford-Stuyvesant.  In the first quarter of 2009, Fort Greene’s foreclosures skyrocketed to 70 filings and Bedford-Stuyvesant ranked third amongst Brooklyn’s highest
foreclosure filings.


Rental in NJ is 95 percent leased

New Jersey
developer Korman Communities’ Ave Union rental development
is more than 95 percent leased, after starting sales nine months ago.
The development, at 1070 Morris Avenue in Union, offers one- and two-bedroom
furnished and unfurnished suites, for short- or long-term stays. The development has 227 units, 100 furnished and 127 unfurnished. For furnished units, rents range from $120 to $150 per day, and for unfurnished units, rent ranges from $1,795 to $2,995 per month. TRD

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