Where are the Boomers Going?
Posted by PreReal™ Prendamano Real Estate on
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Staten Island with a current population of 485,144 is typically a bucolic bedroom community with the majority of residences comprised of privately owned one- and two-family homes. Current average home value is $556,601. Of some 167,672 households, 47.3% are over the age of 55 with an anticipated growth rate in senior ownership of .63% by 2023.
There are few if any options for Staten Island’s aging population who are looking to downsize, or who no longer can or want to manage the day-to-day maintenance of a private home and who wish to stay near their families in the community they have established a life in. With such a large customer base, it is hard to imagine that there not more available product.
There is currently only one luxury 55+…
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Since Casandra Properties was founded back in 1989 by mom, the Real Estate industry has undergone so many changes. We’ve talked about this quite a bit in some of our other posts and while it’s changed dramatically we believe that the most exciting times, and our ability to really use technology to drive sales, still lies ahead.
Back in 2005, long before most of the competition, we saw very stormy times ahead in the Real Estate and overall economies. In response to this, we developed a program that we called RPO, Real Estate Portfolio Optimization.
Don’t let numbers fool you, there’s some real opportunities in those zones....jpg)
As a life-long resident of Staten Island, there’s never been a better time to live, work, and play in the often-forgotten borough. And with all of the new state-of-the-art real estate developments on the island fromdelicious quality restaurants, retail spaces, and luxury housing developments, your friends in Manhattan will be taking the ferry to the St. George side much more often. The Nixon McGowan Team at Casandra Properties has been at the forefront of helping to change the Staten Island landscape for the better. Having worked on the commercial leasing for Urby, Minthorne, Empire Outlets, Downtown Plaza, the Pointe, and much more the Nixon McGowan team has been on a mission to make Staten Island great again. Through the following insider’s guide to my…
I was reading with great interest an article this am in WWD entitled Next-Gen Proof Your Business by Kaley Roshitsh. I was particularly interested in the parallels between the fashion/retail industry and the Real Estate Industry.
Making tough decisions is what life is about. Sometimes you are going to face difficulties, but this doesn't mean that they will last long. Moving out of your favorite home and into a new one is a huge thing. You not only have to say goodbye to the house but to the memories, you had in that home as well. Whatever the reasons are for leaving, you will surely miss that building that’s been keeping you safe you and your entire family. Click on the link for more https://www.nytimes.com/2018/05/08/smarter-living/hire-interstate-movers-without-getting-scammed.html.
Well, if you’re in the Real Estate business, by now you have probably read your fill of articles on the new rent regulations and how they will impact your respective portfolio. The changes are coming fast and furious. If you take the time to do some digging, you will find these sweeping changes are not limited to Rent Controlled and Rent Stabilized units. Market Rate units are also significantly impacted. Layer on top of this, New York State has amended its Human Rights Law to include Source of Income as a protected class and you have a perfect storm - and it’s headed right for the residential multi-family market in New York City. While the sheer quantities of the housing stock in NYC and the other boroughs is significantly higher than Staten…