Giro katsimbrakis ny neighborhoods
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Transcript of Giro katsimbrakis ny neighborhoods
Hottest New York City Neighborhoods By Giro Katsimbrakis January 14, 2014 The New York luxury market has been roaring for awhile, and it’s about time for the middle market to start seeing the good times too. Big-‐time developers are getting more and more construction loans, and recent improvements in infrastructure and retail access are driving slowly but steadily up. The way things are looking, it might be the perfect time to start building your NYC real estate empire. Here are the neighborhoods to watch in the coming year. Williamsburg, Brooklyn. The hottest place on the planet right now–youngsters, hipsters, artists, and families are flocking here by the hundreds. There are waterfront condos, fashionable restaurants, trendy bars, and best of all, the neighborhood is still underpriced. You can get one-‐bedroom in East Williamsburg for $365 thousand, or a two-‐bedroom slightly farther out for $500 thousand. Experts say properties in this region could go up by 40 percent in value in just a year or so. Long Island City, Queens. New shops and restaurants are opening up on pretty much a weekly basis in this water-‐front neighborhood, and so far home prices have remained relatively stable, so it’s just a matter of time before the numbers skyrocket. Studios are currently going for as low as $385 thousand, one-‐bedrooms as low as $410 thousand, and penthouse studios as low as $560 thousand. Battery Park City, Manhattan. Battery Park provides a greener alternative to midtown Manhattan, with buildings rife with swimming pools, skylights, sun decks, and fitness centers. For New Yorkers on the move who like the outdoors, Battery Park offers an eco-‐friendly response to city grime. Studios are currently starting at $520 thousand, while one-‐bedrooms are as low as $645 thousand. LES, Manhattan. The Lower East Side has plenty of bars and music venues, but is also just 10 minutes from Wall Street. While traditionally the turf of Orthodox Jews, Asian, and Latino populations, it’s drawing more and more young singles looking for nightlife and young couples looking to start a family. A co-‐op with its own private playground has a two-‐bedroom with a bath and balcony for just $439 thousand, and a one-‐bedroom with a balcony is going for just $345 thousand. Downtown Brooklyn. The new Barclays center is sure to drive up property values more and more in the coming years, but you might want to look about a half a mile away for the optimum locations. Downtown Brooklyn on one side and Prospect Heights on the other
have some great, relatively inexpensive buildings and apartments that would make a terrific investment in the years to come. Central Harlem, Manhattan. Above 116th Street, Frederick Douglass Boulevard has morphed into one of the most happening places in the city, especially due to Columbia students and youngsters who work in Hell’s Kitchen and other places along the 1/2/3. There’s currently a one-‐bedroom going for $499 thousand. Rockaway, Queens. Not all beachfront properties in New York City cost as much as the Hamptons. Rockaway Beach’s Averne by the Sea has a twenty-‐year tax abatement, and homes for around $559 thousand, and one historic bungalow for $400 thousand. Stapleton, Staten Island. Economic Development Corp has paired up with Ironstate Development Co to bring a waterfront retail complex, a newly renovated railway station, and a waterfront park. The project is still a couple years away from being finished, so surrounding retail and residential real estate values static but will be on the rise. Three-‐family homes for $400 thousand, historic houses for $500 thousand, one-‐bedrooms in a condo with harbor views for just over $300 thousand. Is your mouth watering yet? Pelham Parkway, the Bronx. Buildings are selling fast in this residential neighborhood, where houses are just a third of the price of equitable homes in the other boroughs. Hudson Heights, Manhattan. Just a 25-‐minute express ride from midtown, Hudson Heights is close enough for convenience but far enough to be a getaway from the noisy city life. These days, it’s especially popular with Broadway artists, couples from Europe, and, surprisingly but not surprisingly, Buddhist monks. Giro Katsimbrakis has twenty years worth of real estate industry experience. He began as a leasing agent for Kiska Developers in New York City, and quickly worked his way up the company ladder to Director of Sales. After bringing the company out of the red and expanding its office to over twenty agents, he started his own commercial and residential real estate company, East River Properties. After taking over the Las Vegas and Arizona markets, Giro Katsimbrakis relocated to the Dallas/Fort Worth area and founded DPW Properties, which he is currently in the process of expanding nationwide. Throughout his long and successful career, Giro has rehabbed over four hundred properties, and bought and sold millions of dollars worth of real estate.