This Week in Comments

TRD New York /
Feb.February 13, 2009 11:34 AM

Dolly Lenz loses Cipriani listing

If no one is buying units, isn’t losing a listing a blessing in
disguise? Now she can sit at home and not sell units instead of sitting
in a sales office and not sell units
.

Shop for homes on eBay
Why not? If people can sell their virginity on eBay, then real estate can be done there.

Cutting back on rental commissions
The prospective renter needs a broker. Do you know how many times on-site leasing agents have to deal with walk-ins that waste their time because these people have no idea [about] the market or where to start? Without a broker you can look for weeks for an apartment; with one, [in] two hours they should show you everything suitable and you can just pick [the unit you want].

The Closing: Robert Levine

Does anybody out there want to buy my condo here at One Brooklyn Bridge Park? I will throw in that nice big bridge as an extra amenity. Seeing it every day just makes me want to jump off of it!

Williamsburg developer holds out for buyers
1. He’s just shooing the reporter away. He’ll lower [the] prices. He just can’t drop the prices on all of his properties simultaneously; it undermines his own position if he does. That’s what “you just don’t bid against yourself” means.
2. If he does not slash prices he will have to wait for Northside Piers to sell their lower priced units before he can start selling any of his, or maybe he is just attempting to price fix the Williamsburg market.

Underwater loans put pressure on owners
I reject the premise that rent regulations drive anyone to the point of default. There are alternative places to invest your hard-earned dollars, including many communities in close proximity to New York City that don’t have rent regulation. If rent regulation is the problem, put your money where there is none.
 


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

MaryAnne Gilmartin (Credit: iStock and Getty Images)

“Conviction and appetite to do it myself:” MaryAnne Gilmartin talks spinoff from L&L

From left: David Levinson, MaryAnne Gilmartin and Rob Lapidus

Gilmartin splitting from Lapidus, Levinson

Burt Resnick

Burt Resnick, who headed major landlord Jack Resnick & Sons, dies

Recreational vehicles (Credit: iStock)

What #vanlife says about a possible recession

The beach in Tulum, Mexico, and Thor Equities Joe Sitt (Credit: Thor Equities LLC via Bloomberg)

Joe Sitt’s $100M plan for Pablo Escobar’s Tulum compound

arrow_forward_ios
Loading...