Q3 2010 – Blumstein Team ranked #14 out of 1,400 NRT Teams!

November 19, 2010

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The National Realty Trust (NRT) has released their results for the 3rd Quarter of 2010 and the Blumstein Team made the top 100 list out of approximately 1,400 teams.  Specifically, we were ranked #14, putting us in the 99th percentile of teams across the country!  A letter from Bruce Zipf, the President and CEO of NRT cites our […]

Doug Sundheim’s Leading Idea – Be Confidently Vulnerable

November 16, 2010

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   Be Confidently Vulnerable “Honesty and transparency make you vulnerable. Be honest and transparent anyway.” — Mother Theresa (1910-1997) Catholic Nun & Humanitarian This week a client asked me what I felt was the most important quality of a successful leader. My response was authenticity because, like a knife, it can cut through undiscussed issues, […]

Find Fall Flavored Foliage in NYC Forests – 30 Treed Areas to Explore

November 10, 2010

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As Fall gives way to Winter, so do the last vestiges of life and warmth.  The sun disappears earlier and earlier, skirts and t-shirts become pants and pea coats.  Smiles turn upside down and the morning wind outside your window bellows in an icy shriek – “staaaay hooooOOoooome…”.    In the final week or two of this transition, […]

Interested in Micro-Living? UWS 90 sqft ‘studio’ for $700/mo

November 9, 2010

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One of the most fascinating aspects of real estate is that you get a peek at the inside of someone’s home and get a sense of how people live.  While there may be some fun color to individual glances, the overarching themes that come up help paint a broader picture of the hidden life of human beings.  […]

It’s (Mostly) a Wash – The Mathematics of Broker’s Fees

November 4, 2010

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Over 90% of rental and sale deals in Manhattan involve at least one broker.  Brokers and agents are licensed real estate professionals, and thus are suited (legally) to handle the marketing and processing of each transaction.  Not every agent is a joy to work with – we on the Blumstein Team feel the side effects of […]

How Does the GOP Shift in the House Affect Housing?

November 3, 2010

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With nearly all votes tallied for the 2010 election, it appears as though the House will be held in the majority by republicans.  This shift in governance brings ideological changes to how our government will approach a variety of issues.  With Real Estate being such an important aspect of wealth in America,  undoubtedly new policies will […]

East Village and LES Rental Round-Up – November 2010

November 2, 2010

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originally posted on NearSay by Contributor Grant Braswell With the ensuing holiday season comes a lull in rental activity.  The downtown students matriculating to Parsons, NYU, Cooper Union and FIT among others have (hopefully) locked in their apartment to focus on their scholarly pursuits at Bar None and Pommes Frites.  For everyone else, the prospect […]

Moving on Up! Harlem Continues to Attract Investment, Conflicted Feelings

November 1, 2010

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Clients and people we meet off the street are constantly asking where to find the next Alphabet City, the next Williamsburg (that hopefully wont stagnate).  Those who are thinking more longterm want to find the next good investment, and who could blame them.  Our own team has good personal experience with this type of foresight as […]

Push Continues for the No. 7 Line Extension

October 27, 2010

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As a Crains NY article discusses, Developers such as the Silverstein Group and Durst Fetner, various construction companies and the city of New York have pooled together $750,000 to apply for a $3,000,000 grant from the TIGER II Discretionary Grant Program, an offshoot of the national Department of Transportation.  TIGER II has $660M to hand […]

Google Close to Buying 111 Eighth Ave – for $2,000,000,000

October 27, 2010

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According to a CNBC post this morning, Google is rumored to be close to signing a contract to purchase 111 Eighth Ave in lower Chelsea.  The building is 2.9 million square feet of commercial space, of which Google currently rents 500,000.