Sponsored Post: Grand Street Apartment of the Week

This oversized, high-floor unit can easily convert to a 1BR with separate home office/den, or open up the wall separating the kitchen from the living room for a loft-like feel. Spacious, windowed eat-in kitchen has plenty of room for a dining table and lots of cabinets and counter space. The windowed bath bas been fully renovated with new sink and bathtub, medicine cabinet, lighting fixtures and clean white subway tiling throughout. Apartment features solid parquet strip wood floors, five big closets (two with Elfa storage system) and sunny western and northern exposures.

Sponsored Post: Grand Street Apartment of the Week

Here’s a one-of-a-kind opportunity in the Grand Street Cooperatives:  a chance to combine two 19th floor apartments into a two or three bedroom, two bath home of your dreams.

Grand Street Co-op Sales: A 2010 Report

A new report by Halstead Property agents Jeremy Bolger and Neal Young shows that, reflecting a citywide trend, sales of Grand Street’s co-ops began to stabilize somewhat in 2010, with apartments that had lingered on the market finally finding buyers, and first-time home buyers taking advantage of low interest rates.

Characterizing prices as having “flattened out” from the steep rise of 2006 and 2007 and equally sharp decline of 2008 and 2009, Bolger credits low mortgage rates with stimulating last year’s sales in the Seward Park, East River, Hillman and Amalgamated co-ops, including the turnover of many units that had sat on the market for long stretches. A couple of years ago, it was not uncommon for a listing to sit for five to seven months awaiting the right buyer. Lately, well-priced units generally sell in two to four months, Bolger says.

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Thanks to This Month’s Sponsors

We’d like to welcome this month’s new sponsors, and thank them for supporting The Lo-Down: The Ludlow, Grand Spa and the Taste of the Lower East Side (Grand Street Settlement).  We also can’t forget Neal Young and Jeremy Bolger of Halstead Realty, who’ve been with us since the beginning. If you’re interested in advertising with us, please check out our Advertising Page.