Since the start of the pandemic, mortgage lenders in New York City have tightened their guidelines making it more difficult to qualify for mortgage financing on a property located in any of the 5 boroughs. The Apple Peeled reported on this extensively in the closing...
Hypothesis: A buyer’s access to mortgage financing in a specific building, (condo or co-op), has a direct impact on the value of every single unit in that building. We’re confident in that assessment, even though we can’t necessarily quantify the impact....
Things We Heard When We Put Our Ears to the Ground: Mortgage Guidelines are tightening up Chase this week planned to reduce the maximum Loan to Value (LTV) down to 70% on all its jumbo mortgage products for properties in New York City. That means, if you plan to...
You are given $10 Million along with a very specific set of instructions. You must invest every penny in Manhattan real estate. You could spend all of it on 1 property or you can divide the money amongst as many different properties as you want. You may purchase any...
James Stanley Designs is a 1-stop shop in New York City for Interior Design, Construction, Architectural, and Project Management Services. Back in March, prior to the quarantine, we interviewed James Stanley, specifically seeking answers about how the pricing and...
In the last two editions of The Apple Peeled, we said the conditions for investing in newly developed New York City real estate are P-E-R-F-E-C-T. Prices are down. Rates are down. Developers are offering massive concessions. We said all of the stars were aligned....
