The Brooklyn Real Estate Market is On Fire!

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Brooklyn Real Estate Market is Hot!

Come Feel the Heat
The news is great! The New York Post just published some numbers that show the Brooklyn Real Estate market to be hotter than ever!  With Manhattan rent costs rising, and apartment sizes shrinking, people are flocking to Brooklyn and all it has to offer. The desire to purchase in Brooklyn is strong as many Brooklyn entrepreneurs are opening new businesses and wish to live where they work.

Residents can enjoy fine dining, museums, and stunning visual vistas that are just a walk away. Brooklyn is not only the new cultural hotspot, but also offers a variety of cozy neighborhoods and great schools that are perfect to raise a family. Proximity to transportation and Manhattan is also a huge draw.

Numbers Don’t Lie
Record low mortgages and more reasonable sale prices are joining to boost property sales in Brooklyn…  Sales of everything from condos to brownstones leapt 6% higher than the same period in 2010.
Co-op sales rose almost 28% over the past year.

Sale prices dropped almost 6% for Co-ops and 8% for luxury properties over 1 million dollars. Real estate properties in Brooklyn Heights, Park Slope, Carroll Gardens and Fort Greene had the highest average sale price of $745,330.

As supply and demand shift and prime properties get snatched up by savvy buyers, values have nowhere to go but up… Every purchase is an excellent investment!

Strike While the Iron is Hot!
Record low interest rates and present values make this the time to buy. Stop paying your landlord’s mortgage. Become the landlord!

Buy, Invest, Live — Brooklyn is the place to do it all.

Every Journey starts with a first step. Call today to discuss your future in Brooklyn.

Sincerely,
The Awaye Realty Team of Real Estate Professionals
 718.488.0800

Posted in Brooklyn, Brooklyn Apartments, Brooklyn Condos, Brooklyn CoOps, Brooklyn Properties, Brooklyn Real Estate, Carroll Gardens, Cobble Hill, Mortgage Rates, Real Estate, Uncategorized | Tagged , , , , , | Leave a comment

Make it a Happier New Year!

Happy New Year everybody!

A New Year is a new start, and 2012 is the Year of the Dragon; promising luck and prosperity. We hope your year is filled with both.

In this installment, we’d like to focus on those that are trying to sell their real estate property.

Are you Expired?
It’s not a good place to be. Expired real estate listings that were for sale but did not sell categorize your property as unwanted and unacceptable to buyers in your local real estate market.

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Expired?

“Why didn’t this sell?  What’s wrong? Is there a problem?”

These are some of the questions that arise for today’s discerning active buyers when they see your property on the internet. Damage control is in order if you intend on selling your property any time soon. 

How Do You Remove This Stigma?
For starters, price is paramount to all other factors in marketing your home.

Even the best real estate agent, with all the professional marketing assets available, won’t be able to sell an over-priced property.

If your home has been sitting on the market long enough to expire, odds are your asking pricing was off… Maybe way off.

Although the Brooklyn real estate market is rapidly recovering, it is still a buyer’s market with a buffet of homes to choose from. You had better be the tastiest dish if you want to sell first and for top dollar.

Are you aware of properties in your area that are also for sale? You should be. They are your competition.

Educate Yourself: Things to Consider
How do you stack up against your real estate competition in price, condition and amenities? Do you know the recent sale prices for similar homes in your neighborhood and whether the sales were bank-financed? Did the seller have the advantage of a top real estate professional?

You have to assess whether your marketing plan is as competitive. Does your property appear on the same professional marketing venues? Who will pre-approve your potential buyer for financing? Does the buyer have to sell their home first? Do they want a contingency sale? Is all the cash from their cash offer really available? Sound complicated? It is.

That’s why you should enlist the help of a real estate professional. It’s important to get an accurate perspective on what your local real estate market is really like.

Luckily you have a way to success. You can call Awaye Realty at 718.488.0800 for a free, no obligation market analysis.

You deserve the best Doctor, Dentist, and Attorney. It’s no different when it comes to your Real Estate Professional. If your home didn’t sell, call Awaye Realty for a second opinion.

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Happy Holidays!

Merry Christmas and a Happy New Year!

Merry Christmas and a Happy New Year!

As we stroll through our neighborhood, bathed in holiday lights, we tighten our scarves and button our collars as the anticipation of holiday magic and revelry raises our spirits. Awaye Realty would like to share the sincerest wish of joy, health, peace, and success to all.

We’d also like to extend a special thanks to all our friends, customers, and clients for their loyalty and support throughout the year. We look forward to 2012 as another year of continued success, and hope you have the same.

Stay warm, be merry, and all the best!

Kindest Regards,

The Awaye Realty Team

Posted in Brooklyn, Brooklyn Apartments, Brooklyn Condos, Brooklyn CoOps, Brooklyn Properties, Brooklyn Real Estate, Brooklyn Rentals, Carroll Gardens, Cobble Hill, Real Estate | Leave a comment

Neighborhood Spotlight: Carroll Gardens

Neighborhood Spotlight: Carroll Gardens
As we mentioned in our previous entry, Awaye Realty will periodically spotlight a Brooklyn neighborhood, and some of our favorite things about it. This week, we’re featuring beautiful Carroll Gardens, which is our backyard.

Neighborhood Spotlight: Carroll Gardens

Neighborhood Spotlight: Carroll Gardens

Carroll Gardens is a Brooklyn neighborhood bounded by Red Hook to the south and west, Cobble and Boerum Hill to the north, and Gowanus and Park Slope to the east. Carroll Gardens is named for Charles Carroll, a revolutionary war veteran who was also the only Roman Catholic signer of the Declaration of Independence. This is fitting, given that Carroll Gardens is historically an Italian-American neighborhood. Before Italian-Americans settled in the area, Carroll Gardens was settled by the Irish in the early 19th century and later by Norwegian-Americans. The Norwegians founded the Seamans’ Church, which was once visited by the King of Norway, and still stands on the corner of First Place and Clinton Street, although reincarnated as a condo.

Though the demographic landscape is quickly changing, you can still find many long-standing family stores and Italian restaurants. G. Esposito & Sons Pork Store at 357 Court Street has been a neighborhood staple for almost 90 years, and Scotto’s Wine Cellar is Brooklyn’s oldest wine shop. The family-run D’Amico’s Food at 309 Court Street has been providing the neighborhood with fresh pasta and home-roasted coffee for decades. Since the 1930’s, the Aiello Dairy has been supplying fresh mozzarella and cheese products to all of Brooklyn.

Today, Carroll Gardens boasts some of the best, most varied restaurants and boutiques in Brooklyn. The main thoroughfares are Court Street and Smith Street, which is often considered Brooklyn’s Restaurant Row. If you want to grab a drink, our favorite neighborhood standouts include P.J. Hanley’s at 449 Court Street, which is one of Brooklyn’s oldest bars, the always fun tiki-themed Zombie Hut on Smith Street, and the Jake Walk for an incredible whiskey selection and great food. Buttermilk Channel, our neighbors at 524 Court Street, offers spectacular New American fare, while Café Luluc at 214 Court Street offers a fantastic variety of always fresh, healthy, and delicious continental cuisine. Frankie’s Spuntino is a new classic for Italian dining, and Joya offers unparalleled taste and price if you have a hankering for Thai food.

Carroll Gardens isn’t all about being out on the town, though. It is one of Brooklyn’s most family friendly neighborhoods, boasting some of the best public schools in New York City. Zoned for School District 15, P.S.58 has a long history of academic excellence. Beautiful Carroll Park is a block-long area of playgrounds, walkways and sitting areas between Court and Smith Streets. The safe, leafy brownstone streets lend themselves to a great residential feel, perfect for children. Houses of worship, toy stores, and a great amount of young children add to the family appeal.

As both residents of Carroll Gardens and a real estate firm, we at Awaye Realty can’t help but mention the incredible Carroll Gardens real estate sales and rental opportunities. Who wouldn’t want to live in such a vibrant area? Proximity to the F and G Trains and a short commute to Manhattan don’t hurt, either. The charming turn-of-the-century brownstones are not only a picturesque way to live, but offer spectacular returns on investment with their rental incomes. For those with a taste for modernity, there is a variety of new construction and converted condominiums that provide window walls, loft layouts, and the most modern of amenities in this charming old-world area. Awaye Realty is Carroll Garden’s boutique realty. We know the people, the places, and the market.

If you want to deal with a true Carroll Gardens expert, turn to our very own Angela Aiello.

Angela Aiello

Carroll Gardens Native, Angela Aiello

 Here’s what she has to say:

“I’ve lived in Carroll Gardens my whole life.  My sisters and I grew up in a building that my grandparents purchased after they married almost 70 years ago, the same home where my grandparents raised my mother and her sisters. Our roots were planted here to stay. My father took over Aiello’s Dairy, a fresh mozzarella business, shortly after my parents married just a few blocks from our house, and still runs it on Hicks Street.

Living in a neighborhood like this makes you really appreciate the little things in life.  Having the convenience of the shopping on Court Street without needing to travel miles and having the best of everything right around the corner is something not all neighborhoods have.  To be able to sit on the stoop at any time of the day and see someone you’ve known your whole life at every turn is just not something that is so easy to find these days… unless you are in Carroll Gardens.”

Posted in Brooklyn, Brooklyn Apartments, Brooklyn Condos, Brooklyn CoOps, Brooklyn Properties, Brooklyn Real Estate, Brooklyn Rentals, Carroll Gardens, Cobble Hill | Leave a comment

Hello world!

Hello, and welcome to our blog!

Awaye Realty

Your Friendly Neighborhood Real Estate

As this is our first, we thought we’d take the opportunity to introduce ourselves…

We are Awaye Realty, a boutique Brooklyn Real Estate firm located in historic Carroll Gardens, Brooklyn. You’re probably wondering what makes us different from other realties…

For one thing, we are a smaller company, which is an asset to our clients. It means that whether you’re a landlord, buyer, seller, or prospective tenant, you are not just a drop in the bucket to us. We are able to strategically focus our resources, and make sure that our service is always exceptional and customized to our clients’ unique needs.

This brings us to another point. Don’t let our size fool you! We have an administrative team dedicated to marketing our properties in dozens of the most powerful venues on the web and in print. When it comes to marketing Brooklyn real estate, we know that if a property doesn’t get proper exposure, it might as well not be on the market.

Another thing that makes us stand out is Awaye Realty Management, which is a property management company under our umbrella. This not only gives us insight into tenant/landlord relations, but also allows us to set a standard for the real estate in our inventory. We know what a well-maintained building looks like. Being property managers also allows us to offer a big variety of “no fee” listings.

Currently, we have a fantastic team of 14 licensed sales people (we’ll try to highlight some of these guys in upcoming blogs), all of whom have their own strengths and passions. What they share is drive and a love for Brooklyn properties.

Awaye Realty was founded in 2003 by our President and Broker, Arlene Waye. (A… Waye … Get it?) Arlene has been a Licensed Real Estate Broker for 20 Years, and has over a quarter century of Real Estate experience in Brooklyn. She has managed Residential and Commercial Real Estate and Developments in the New York Market for decades!

With our expertise and Brooklyn roots, we can help you with all things Brooklyn Real Estate!

Brooklyn Condos, Brooklyn Co-Ops, Brooklyn Homes, Brooklyn Rentals… We are your neighborhood Real Estate experts, and we hope that you will turn to us, first.

Now that we’ve been properly introduced, we hope you’ll read more from us.

In future editions, we’ll be highlighting our team and the myriad neighborhoods that make up our favorite borough. We’ll let you in on the best schools, eateries, parks, and events.

Most importantly, we will provide you with true insight into the Brooklyn Real Estate market– stats, mortgage rates, and more.

We hope to see you soon.

All the best,
Team Awaye

Call 718.488.0800.

Visit us online at www.awayerealty.com or drop by in person at 522A Court Street, Brooklyn NY 11231

Posted in Brooklyn, Brooklyn Apartments, Brooklyn Condos, Brooklyn CoOps, Brooklyn Properties, Brooklyn Real Estate, Brooklyn Rentals, Carroll Gardens, Cobble Hill, Real Estate, Uncategorized | Tagged , , , , , , , , | Leave a comment