We are proud to announce that after only three weeks of marketing, Awaye Realty procured a buyer for 16 Third Place in Carroll Gardens. The seller was elated at the final
sale price which exceeded the asking price by $350,000.
Multiple buyers counter-offered to create a competitive atmosphere, which brought about the outstanding price for this brownstone fixer upper.
Both buyer and seller echoed good sale and congratulation to one another. The magnetism of Carroll Gardens has a strong pull on buyers looking to join this growing and vibrant community, and neighborhood properties are extremely sought after.
It’s been a while since our last entry, and it’s because we’ve been extremely busy. Now that we are officially in our eleventh year, we’ve finally taken a moment to sit back and celebrate!
President of Awaye Realty, Arlene Waye , organized a fete that would not soon be forgotten.
Arlene’s good friend and owner of the Tenuta Torciano Vineyards of Tuscany, Pierluigi Giachi, offered us an intimate wine tasting. Under his expert guidance, we sampled over a dozen wines. As the wine flowed, we indulged in decadent antipasti, fragrant truffle oils, and well-aged balsamics. Arlene’s husband Jim personally prepared lasagna for over eighty people!
Happy and full, we agreed that in a competitive industry such as real estate, we are fortunate to work with such enthusiastic, professional, and above all, warm colleagues. It was an amazing experience and we are already looking forward to our 15th Anniversary in 2018.
In other news, yesterday we rolled out the first phase of our new and improved website. We are proud to have a much more intuitive site that is now an even better resource for our customers. The new awayerealty.com offers THOUSANDS of Brooklyn, Manhattan, Bronx, Queens, and Staten Island listings… all in one place. Visitors can now browse not only Awaye Realty’s exclusive real estate sales, commercial, and rental listings, but also every listing provided by our fellow members of the Real Estate Board of New York (REBNY), Brooklyn Multiple Listing Service (BNYMLS), and Staten Island Board of Realtors (SIBOR).
Aside from everything that is available in the New York City real estate market, awayerealty.com offers a wealth of information about the intricacies of buying and selling your home or any other type of real estate, Brooklyn neighborhood biographies, definitions of common real estate terms, and much more. We invite you to browse around!wse not only Awaye Realty’s exclusive real estate sales, commercial, and rental listings, but also every listing provided by our fellow members of the Real Estate Board of New York (REBNY), Brooklyn Multiple Listing Service (BNYMLS), and Staten Island Board of Realtors (SIBOR).
We will keep you informed about Phase 2, but we anticipate going live with that sometime in April. Clients will be able to more seamlessly browse listings as well as create their very own accounts and personal folder of listings that interest them. We expect that the new awayerealty.com will deliver a smooth and valuable real estate experience for our visitors.
As always, we are busy matching our customers with their dream homes. As the weather gets warmer, the real estate market tends to heat up. There’s a lot of excitement in the air at our 522A Court Street office.
Many of you will soon be receiving out spring promotional postcard in the mail. If not please call us at 718.488.0800 to learn about our limited time 4% fee for full service marketing and representation of your real estate property.
The Awaye Realty family thanks you for your patronage. Without all of you, where would we be?
We are excited to report that, just as we suspected, our favorite borough, Brooklyn, is booming!
According to Property Shark, most Brooklyn neighborhoods are seeing a rise in residential property values. You can follow this link to the interactive PropertyShark.com map.
Williamsburg saw the biggest changes, with prices per square foot climbing by 174% since 2004. Other big winners include Prospect-Lefferts Gardens, with 63% growth, Gowanus with 52%, Fort Greene with 51%, and the majority of North-West Brooklyn (including our ‘hood, the always lovely Carroll Gardens) at a comfortable 20-30% climb.
At Awaye Realty, we’re not surprised. Just a stone’s throw from Manhattan, Brooklyn is a vibrant tapestry of geography, architecture, and people. There is something in our beautiful Brooklyn for just about everyone. From thriving artists’ communities to quiet ocean-side living, Brooklyn has it all! Brooklyn is also quickly becoming one of America’s cultural Mecca’s.
We’re improving every day. Now proudly boasting our own basketball team with the Brooklyn Nets, rumors are swirling that we’ll be getting Islanders Hockey soon, too. Brooklyn’s Business Improvement Districts have been attracting more and more businesses and consumers.
Our borough is healthy and exciting. People from all over the nation want to live here. If you are looking to sell, now is a great time to cash in on your investment. If you’re looking to buy, Brooklyn shows no signs of slowing down and interest rates are at record lows.
We hope this year brings you joy, health, love, and success.
In September 2009, Awaye Realty Management, LLC took over the management of two 18-unit buildings at 427 and 433 Dean Street. At the time, rents were at a minimum and credit-worthy tenants were unknown to the building.
In November 2012, the buildings were sold for a record price of $8.7 million. This can be directly attributed to the management techniques of Awaye Realty Management, and the leasing procedures of Awaye Realty. Together, we substantially increased the value of the buildings for both the landlord and the tenants.
Awaye Realty Management was responsible for not only maintaining the properties, but for giving them a facelift, as well. We encouraged renovations of all apartments that became vacant. Units were cleaned, painted, and equipped with top-of-the-line appliances and finishes. This created a wealth of Park Slope rental units that are on par or beyond anything else on the market in the neighborhood. Naturally, this was reflected by a much higher rent roll.
Awaye Realty was able to successfully market vacant units, and fill the buildings with qualified, quality tenants. We reduced apartment vacancies, eliminated rent loss, drove additional creditworthy renters to the buildings, expedited leases, and removed financial and credit risks on new tenants.
427-433 Dean Street has been acquired by an investment firm that pored over the numbers for months prior to making their purchase. Awaye Realty facilitated the sale, and we are proud to say that all parties walked away happy.
Thanksgiving is upon us, and though it hasn’t been the easiest time, we at Awaye Realty are finding so much to be grateful for.
It’s been three weeks since Hurricane Sandy, and we’re still reeling.
Like many of our fellow New Yorkers, the Awaye Realty family has seen our share of devastation. Many of us live in hard-hit areas like Sea Gate, Bensonhurst, Brighton Beach, Staten Island, and Mill Basin. We’ve seen the water rise, braved the darkness and the cold caused by electrical outages and broken boilers, and have had to pump water out of our basements. We’ve endured the gas lines and struggled with public transportation in the aftermath of the storm. Yet all in all, we feel very fortunate.
We have friends and family in Belle Harbor, Breezy Point, and New Dorp that were not as lucky. Thousands have seen their lives washed away with their homes. Our hearts go out to them.
As a Brooklyn Real Estate firm, we have been inundated with calls from people who have lost their homes and are trying to relocate. We have stepped up our inventory so that we can better assist our clients in these trying times.
Rentals are going fast, and many are getting frustrated by landlords’ reluctance to rent apartments for short-term leases. We are doing the best we can to help people in dire situations, and last week we had a visit from FEMA agents who informed us that the Federal Government is going to start offering landlords incentives to lease their units for shorter terms. We will keep you abreast of these developments as we become aware of them.
In the meanwhile, we encourage everyone to help in whatever way they can. We have compiled some links to volunteer and donation opportunities. If you are a victim of Hurricane Sandy, we’re providing links to services, as well.
It’s been a long time since we’ve blogged, but we have a good reason: We’ve been really busy this summer!
The Awaye Realty Team has rented dozens of apartments all over Brooklyn in these past few months. Since June, we’ve sold a wide variety of properties ranging from co-ops around $100K, to investment properties worth over $10 million. It’s been a stellar season!
We’ve also been busy launching the new and improved awayerealty.com. The site went live August 29th, and we can hardly contain our excitement! We hope that the new awayerealty.com is a boon for you, our clients. We have designed the site to be a resource for home buyers, sellers, and renters.
The new awayerealty.com features information about current real estate market conditions, how home values are calculated, home selling tips, answers to frequently asked questions, and more. We have also researched and written about 46 neighborhoods in Brooklyn, so now you can be a Brooklyn expert just like us.
The most exciting new feature of the new awayerealty.com is that it allows you to become a true real estate insider. We now provide you with access to hundreds of real estate listings all over New York City through our MLS (Multiple Listing Service) partners. That means that you can now browse almost every listing available on the NYC real estate market.
We hope that you take advantage of our new site, and would love to hear your feedback.
We promise to post more frequently, but in the meanwhile, have a wonderful Labor Day weekend, be safe, and enjoy the weather while you can!
We’re often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don’t know where the bottom is until you see it in the rear view mirror, meaning until you’ve missed it!
Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!
While a home is a major investment, it is also the center of your personal life. It’s important to live in a home that reflects your taste and values, yet is within your financial “comfort zone.” To that end, it may be more important to lock in today’s relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.
Please give us a call if we can be of any assistance in determining how much home you can afford in today’s market. 718.488.0800