The Real Deal New York

Posts Tagged ‘peter ashe real estate’

  • asher-alcobi

    Asher Alcobi and 835 Lexington Avenue

    Asher Alcobi, president and founder of Peter Ashe Private Real Estate Services, has opened a new ground-level office for his boutique firm.

    The roughly 500-square-foot office space at 835 Lexington Avenue is just a stone’s throw away from their main office, which occupies the third floor of an office building at 841 Lexington Avenue. The firm, which Alcobi founded in 1992, serves the Upper East Side community and deals mostly in residential listings, with the exception of one broker — an 85-year-old retired attorney — who strictly works on commercial deals. [more]

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  • Chinese buyers trickle into NYC

    June 17, 2011 04:19PM
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    From left: 101 Warren Street, Asher Alcobi of Peter Ashe Real Estate and Michael Chen of Bond New York (top), Wei Min Tan of Castle Avenue Partners (bottom), Trump Soho, and 250 East 53rd Street

    Now added to the long list of exports from China are buyers of New York City real
    estate.

    Chinese residents flush with cash from the Asian nation’s booming economy, and in
    some cases limited in what they can buy at home, are starting to look at Manhattan
    apartments.

    Between March 2010 and March 2011, 9 percent of foreign buyers in the U.S. were from
    China, according to the National Association of Realtors, up from 5 percent in 2007.
    Canada sends the U.S. the most foreign buyers, with 23 percent, but China is number
    two, the data shows. In contrast, England, Mexico and India, next on the list, each
    represent 7 percent.

    And many of those Chinese buyers are trickling into New York, say brokers, who are
    creating customized services to greet them. … [more]

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  • Peter Ashe office at 841 Lexington Avenue

    Asher Alcobi, co-founder and president of residential real estate firm Peter Ashe Real Estate, has moved his firm’s offices further north to 841 Lexington Avenue, between 64th and 65th streets, the company announced yesterday. Alcobi spent $350 per square foot renovating the 1,300-square-foot, third-floor space.

    The firm was previously based in a marginally bigger space — 1,200 square feet — at 833 Lexington Avenue at 63rd Street and had been there for 11 years. Before that, the firm had an office at Lexington and 62nd Street. “Every 10 years, I move one block,” Alcobi said. “I wanted to move half a block closer to my house on 65th Street.” … [more]

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  • alternate textSecond Avenue subway renderings (Source: MTA)

    The delay in the construction of the Second Avenue subway — long expected to be
    a boon for the Upper East Side real estate market — will not derail
    property values over the long-term, but could pose a threat in the
    short-term, brokers say. As construction drags on, buyers may be
    deterred and prices pushed downward because of worries over further
    postponements, the closure of local businesses and the mess of living
    near construction sites. Between now and whenever the subway is completed, said Halstead
    Property Senior Vice President Rena Goldstein, it could be difficult to
    interest buyers in Upper East Side properties east of Third Avenue.
    Goldstein said she chose not to show one Second Avenue apartment in the
    70s to buyers searching for a pied-à-terre because she knew they didn’t
    want to live near construction for the next seven or eight years. “It’s going to be a lot harder to sell property [on the Upper
    East Side]… it’s going to be like that for a long time.”

    [more]

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