Corcoran brokers sold most Manhattan homes of any firm in 2012

Although I am only 1 of 1,178 total people, I am pleased to be a member of the MOST SUCCESSFUL office of the MOST SUCCESSFUL company in Manhattan.  Where else would I possibly go from here?! – JD

…While the Corcoran Group — Manhattan’s second-largest residential brokerage — may have seen its listing count drop in the last year, it led the borough in overall residential sales, according to a first-ever ranking of closed transactions by The Real Deal.

Indeed, the firm beat its rivals through its strong grip on the under-$5 million market, according to a TRD analysis of StreetEasy data, which looked at 2012 closed seller-side sales of $1 million or greater.

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Origin of April Fools Day and the $125k Penthouse

Expensive Homes

There are several theories about the origins of April Fools day.  One of the most notable is in the year 1564.  During that year, Europeans started using the Gregorian Calendar and the New Year moved from April 1st to January 1st.  ‘April fools’ were those who still celebrated the new year’s holiday in the spring!

If you are celebrating the new year today, perhaps this new penthouse listing at the Pierre is right for you!  Only for $125,000… Call me.

{if this is simply just another day for you and you are still reading, please note that this new listing is actually asking $125 Million and just came on the market as the highest price residential listing in Manhattan}

Pastel Colored Townhomes – Spring Edition

SullivanstreethousesI love this recent blog post about from Ephemeral New York about the colorful townhome row on Sullivan Street.  The private park situated behind this lovely row is one of the few private parks.  Recently, I assisted in renting #176 Sullivan Street.

Thanks to Ephemeral for providing some insight into how this enclave has remained untouched through the generations.

Read the full story here…

Brodsky’s latest Chelsea project 50% sold in one day

Awesome new project!

While sales officially launched only yesterday at the Brodsky Organization’s 455 West 20th Street development in Chelsea, half of the 22 units are already in contract, including the $12.6 million penthouse, a representative for Brodsky confirmed to The Real Deal today.

After a soft launch in December, the units were snapped up quickly despite scant advertising: the building had a “teaser website” and a sign out front, but no other marketing, the representative said. Sales are now being handled by Corcoran Sunshine Marketing Group, the building’s sales office confirmed.

The building was previously part of the General Theological Seminary of the Episcopal Church, which occupies most of the block between Ninth and Tenth avenues between 20th and 21st streets.

Brodsky bought 455 West 20th, 422 West 20th, three nearby townhouses More

Are 15 yr loans the new norm? from WSJ:

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The 15-year loan, long considered a fringe character in the mortgage scene, is riding a wave of popularity.

Thanks to low interest rates, many borrowers are opting for the deal that allows them to pay off their mortgages in half as much time as the traditional 30-year mortgage.

Nearly 16% of the fixed-rate mortgages that lenders sold to Freddie Mac FMCC -0.33%during the third quarter were 15-year loans, up from almost 10% a year prior, according to the agency’s data. (That data doesn’t include refinancings.) And 15-year mortgages accounted for nearly a third of refinanced loans during the first seven months of this year, according to the latest data by CoreLogic CLGX +2.26% . The figure has been climbing since 2007, when they made up just 8.5% of refinancings.

The 30-year mortgage became the standard in lending More