NorthPeak Commercial Advisors’ Post

Commercial Real Estate Prime real estate in downtown Austin hits the market. Lack of height restrictions on the tracts could yield sky-high towers. https://lnkd.in/gmgsj-jh

Wednesdays are for Weekly Reports! Corcoran's new construction division, #CorcoranSunshine, hosts a series of events for brokers to preview our long list of properties, to hear each home's story from their developers, architects and designers. We go see as many as possible, and it helps tremendously when bringing your clients to these new buildings. While my favorite remains unchanged and to be disclosed later, yesterday's grand opening at #720WEA was an unexpected delight - finishes felt classy in a bit of #fourseasons way, and at highly competitive price point! Contact me to preview! Market stats below, read the stats, stay informed and stay in touch! ⁠ I am pleased to present Corcoran's snapshot of Manhattan condo and co-op contracts signed from September 14 to 20, 2024. Below are some key highlights from the week: * Last week, Manhattan signed contracts rose 42% annually to 190, the best week of any September since 2021. * This was the most significant year-over-year percentage gain for contracts since the first week of February. * Reported signed contracts have now improved year-over-year for four consecutive weeks for the first time since June. * All product types saw annual increases in contracts, led by new development sales, which more than tripled versus 2023. * The top sale was the 12th floor at 960 Fifth Avenue asking $60M, the most expensive co-op sale in over two years. *⁠ *⁠ *⁠ *⁠ *⁠ *⁠ *⁠ #GettingDealsDone #WelcomeFall #HudsonYards #UWS #PreWarLiving #ParkBlock #TownhouseLiving #GreenwichVillage #NoHo #LoftLiving #10FeetHeight #Downtown #HotMarket #WeeklyReport #LuxuryAgent #LuxuryReport #LuxuryProperties #LuxuryPropertiesNYC #CorcoranAList #CorcoranWeeklySnapshot #CorcoranReport #OlgaRealEstate

🎉 ANOTHER CONTRACT SIGNED. How to get over a $1 million discount…The story behind this deal… In February, my buyers and I walked into 11CN at 1025 Fifth Avenue. This stunning 2 bed, 2.5 bath duplex with a massive terrace caught their eye instantly. However, it was in desperate need of a complete renovation. Listed at $2,995,000, I knew we had to approach this carefully. After falling in love with the space, I recommended we bring in a contractor and an architect to assess the renovation costs and timeline. Their verdict? A $1 million project. Despite their excitement, I advised them that the apartment was overpriced. We made a bold offer—over $1 million under the asking price. The seller wasn’t thrilled and didn’t counter. I reassured my clients to be patient; the seller needed time to come around. Fast forward to today—I’m thrilled to announce we have a signed contract! 🎉 This experience is a testament to the importance of working with an experienced real estate broker in your Manhattan apartment search. How can I help you? #NYCRealEstate #ManhattanLiving #LuxuryRealEstate #ClosingDeals #RealEstateAdvice

JUST LISTED! 1110 Clarkson St. is a stately 7-unit apartment building located in the heart of Denver’s Capitol Hill neighborhood, less than two blocks from Whole Foods and Ideal Market. The property has been meticulously cared for the past 25 years by the owner who has self-managed the building. The charm of the property is evident in its curb appeal, and it continues throughout the apartments. The property offers five 1-bedroom apartments, one 2-bedroom and one studio. The large units have been well maintained with care by the current owner and tenants alike. Long term ownership and tenancies leave room for a new owner to increase rents and maximize cashflow with ease. Push rents in the current condition, or do further upgrades to kitchens and bathrooms to push rents even further. VIEW PROPERTY: https://lnkd.in/gCC6MkeK PROPERTY HIGHLIGHTS 🏠 Address: 1110 N Clarkson St., Denver, CO 80218 💰 List Price: $1,650,000 📐 Property Size: 4,769 SF 🏢 Total Units: 7 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

Forcing Value! I've learned to find value-add opportunities in every property... Value add means finding opportunities to improve a property and add $ to your top line revenue. We purchased a 12-unit apartment building with 4 storage spaces. The property is on a 4-acre parcel and we are playing with potential value add ideas. Would you create a parking area at the rear of this property for added space for the storage tenant? In exchange for a reasonable cost? Good idea? Bad idea? Isaac Weinberger Tzvi 'LLC' Weiser John Laine Brendon Davis #realestate #realestatetips #realestateadvice

Weekend thought for those that follow that run family offices / legacy CRE assets Wake up Monday morning and ask “why” Why are you renewing that tenant that has been in place for 20 years in your shopping center or building? Could you do better? Why are you managing in house? Would it help to get an outside perspective? Why are you trying to do your own leasing? Call 2-3 brokers and see what ideas they have to reposition your property. Why do you still have the same facades, paint colors and landscaping from when your grandparents built the shopping center 20-40 years ago? What would refresh do for curb appeal and tenant appeal? Don’t be afraid to ask “why?” It can push your property to a new level and allow you to push rents to likely a much higher range with better credit. The ocean tides are either rising or falling. If it’s been a hot minute since anyone asked “why” at your office then change it. Starting today.

1714-16 Marais Street is a 5-unit apartment complex that was recently constructed in 2022 and currently fully occupied. Nestled in a highly sought-after location that is minutes from the French Quarter, Treme, and Bywater, this property seamlessly combines luxury, convenience, and smart investment potential. The 3-story building consists of five (5) 2 bedroom1 bathroom units that are each approx. 900 square feet each. The immediate return on investment isevident as all five units are currently leased,offering a stable and predictable income stream. The building’s construction prioritizes low maintenance, utilizing high-quality materials and energy-efficient features, ensuring minimal upkeep and reduced utility costs. Additionally, the property boasts low insurance costs due to its adherence to the latest safety standards and age of new roof. This investment promises long-term success, withthe property poised for significant appreciation over time. Schedule your viewing today andsecure your stake in this exceptional investment opportunity. Bridgewater Realty Advisors 1590 W Causeway Approach #4 Mandeville, LA 70471 504-298-8631 https://lnkd.in/gMfEEriS Licensed in Louisiana MLS #2428209 #commercialrealestate #multifamily #realestate #investing #financialfreedom #neworleans #apartment #buy #sell #realtor

The basic guide for commercial real estate: Rentable Square Feet (RSF). Rentable Square Feet (RSF) refers to the total space within a commercial property that a tenant is charged for in their lease. This includes not only the specific area the tenant will occupy but also shared or common areas like hallways, lobbies, restrooms, and other amenities that benefit all tenants in the building. The RSF is calculated based on the actual space a tenant uses plus a proportionate share of these common areas. Landlords use RSF to determine rent charges as it covers maintenance and operating costs for the entire property.

Florida Commercial Property Contact me to discuss the latest scoop in real estate! #Floridaliving #Homeowner #HominginwithHolley #realestate #realtor #dreamhomes #realestateagent #properties #realestateinvesting #housingmarket

🌆 Chicago Real Estate Snapshot: A Tale of Two Years 🌆 As we celebrate the energy and vibrancy of Chicago, let's dive into some fun facts about our city's real estate market! 🏙️💡 From the bustling streets to the serene lakeside condos, Chicago's housing scene is always full of surprises. 🔹 2022 Early Birds: Last year, from January 1 up to Super Bowl night on February 13, a total of 887 condos found new owners. These properties boasted an average price of $435,000, showcasing the city's dynamic market. 🎉🏠 🔹 2023 Market Moves: Fast forward to this year, and we see a shift. A total of 634 condos have been sold with an average stay of 92 days on the market, reflecting a more contemplative pace. The average price? It's risen to $485,000, indicating a warming trend in the value of Chicago living. 📈💼 🔹 Under Contract: Since the dawn of 2024, an impressive 1,204 homes have gone under contract in Chicago, signaling a bustling start to the year. 🏡🔑 Whether it's the architectural marvels that dot our skyline or the cozy nooks that make our city feel like home, Chicago's real estate market is as diverse and dynamic as its residents. Here's to the homes we've loved, the spaces we're discovering, and the communities we're building together. 🍾🥂 #ChicagoRealEstate #CityOfChicago #MarketTrends #CondoLiving #HomeSweetHome #ChicagoHomes