Arthur Hunt | NYC Resi RE @arthurhuntnyc
NYS Real Estate Broker & Appraiser. Specializing in Manhattan & Brooklyn. Posts are opinions, not advice. arthurhuntnyc.com New York, NY Joined March 2015-
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Earthquake just felt from NYC. Contacts across multiple boroughs also felt it. Wild. 4.7 magnitude.
People are often taken back when they realize you can be a multi-millionaire, and get rejected from buying into a building because the board doesn’t like the name of your dog. Image is a cheeky ad by StreetEasy (Zillow child company focused on NYC). Throwing shade on coop…
Why is this so common 😭
I’m really having a hard time wrapping my head around the narrative that if RE commissions go down home values will either decrease or become more affordable in some way. For example if a home is worth 1M today and tomorrow commissions go down a hypothetical 2%, that house is…
I’m guilty of doing this. Except I lay them diagonally. Running risky business possibly cracking my windshield in the process 🤣
I’m guilty of doing this. Except I lay them diagonally. Running risky business possibly cracking my windshield in the process 🤣 https://t.co/1rx4UmQ14E
Told y'all nobody really knows shit about rates. Jpow still holding firm which means cuts will not save you anytime soon. Maybe we get spread compression, maybe not 🤷♀️ Underwriting reality should be your plan.
Told y'all nobody really knows shit about rates. Jpow still holding firm which means cuts will not save you anytime soon. Maybe we get spread compression, maybe not 🤷♀️ Underwriting reality should be your plan.
Couldn’t agree more. Same logic applies to neighborhoods with older housing stock. NIMBY people get upset over developers breathing new life into neighborhoods or tearing down a dilapidated building for ground up. It’s natural for housing to change. Disincentivizing people…
Couldn’t agree more. Same logic applies to neighborhoods with older housing stock. NIMBY people get upset over developers breathing new life into neighborhoods or tearing down a dilapidated building for ground up. It’s natural for housing to change. Disincentivizing people…
I don’t know who needs to hear this but offers aren’t only about price. People forget about terms. And I’m not just talking about financing or cash. But timeline, contingencies, concessions, etc. But arguably, the biggest factor is intent. Will a buyer follow through and sign…
Massive new residential project heading to Red Hook ow.ly/RtHE105lGuA
#retwit who in NYC covers downtown retail?
If you’re buying a condo or coop and the tree outside looks like this, run.
In a real estate transaction (buy-side), if you're using an attorney who doesn't specialize in real estate transactions, your offer is worth less.
Everyone wants a south facing apartment but what matters equally as much is floor location. A high floor north facing apartment is often brighter than a low floor courtyard facing southern exposure apartment.
Take more vacations. People sometimes complain when business is slow. And the moment that they step away, business comes flocking. So the way to make more deals happen? Take more vacations. (This is all satire)
NYC townhouses: Department of buildings often has the building dimensions on record. But they’re not always accurate. Back in the day, many houses had extensions built out, etc. Hence living area > what the city says. Sellers: don’t shortchange yourself by just going off of…
There are some exceptions.. going the coop route, mortgage recording tax is not a thing. But with condos and townhouses, MRT applies. Interestingly, regardless of asset type (condo, coop, townhouse) when sellers go to sell, they are subject to NYC and NYS transfer taxes..
There are some exceptions.. going the coop route, mortgage recording tax is not a thing. But with condos and townhouses, MRT applies. Interestingly, regardless of asset type (condo, coop, townhouse) when sellers go to sell, they are subject to NYC and NYS transfer taxes..
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What is something healthy but so tasty you feel like you’re cheating?
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@crekdawg @jandreini1 @michaelwatson2 @KeeganMulcahyRE @AaronAZucker @NNNIncome @DallasAptGP @CoyDavidsonCRE @HealthcareREguy I sold a property on Broadway to a group of investors that came into my office one day and said, “what do you have priced at $30 million”. I asked them what type of property they wanted to buy and they said that they didn’t care they just wanted to know what we had priced at $30…
I know it's fun to track national housing data but honestly it doesn't mean a whole lot if you're a buyer or seller. What matters is your own market and the sub markets within it. SFR's might be flying off the map while condos sit for months. Luxury can be slow while starter…
@skylarromines Surface pro
CoStar / Loopnet is taking its eye off the ball in Commercial Real Estate as it peruses homes.com Insane opportunity for the company who snatches the market share. ✨facts from the trenches✨
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Old firehouses make for perfect contractor garage conversions.
@arthurhuntnyc Fn HATE that. I last out on a job because I asked for a five dollar increase in the fee $5 Forget them. Hate em
Can you think of a single thing that has gone down in price in the last four years?
@arthurhuntnyc my wife has a great job that she loves. also she would probably throw me out of the car on the freeway I don't want die or destroy my relationship also, car sickness is real.
You can make $10,000 a month, if you have: 1. Internet 2. A laptop 3. Microsoft Excel skills Here's how to start a side hustle that'll make you rich:
Creative way to show the warehouse ceiling height.
I won't lie, I: • Watch Netflix • Drive nice cars • Eat Avocado Toast • Don't wake up at 5 AM • Drink Starbucks 2x per day • Spend too much on vacations And, I'll still retire earlier than 99% of people. Forget their "rules". These 19 thoughts WILL change your life:
@arthurhuntnyc Thanks for filling it out!
Hey everyone, Staying connected is the key. Whether it's sharing insights, exploring opportunities, or simply keeping each other in the loop, our network is what keeps us thriving. That's why I'm excited to invite you to join my network and stay connected! Click the link to…
I had coffee this morning with a gentleman who's exactly where I want to be in 15 years. He had a long and very successful career in private equity. Both of his children are in their 20s and thriving, he can go to the gym any time he wants to, and he and his wife get to travel…
I sat in a hotel room all day today and realized my anxiety is slowly killing me mentally and physically. Other than working out (which I do), limiting alcohol and other vices, how do y'all deal with anxiety? I do not want medication, and I am open to therapy.
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