With the L train shutdown on the horizon, brokers are finding it more difficult to rent apartments in the Brooklyn area. Mirador Real Estate broker Jessica Milton says “A lot of people have been concerned and reluctant to move off of the L train,” To make up for this, landlords have to compensate by giving a free month’s rent or accepting renters with credit issues.
Residents are also looking at alternatives to NYC, In Jessica’s experience. “I have a few artist friends who are giving up and moving out of the city and can’t handle it anymore. They’re going upstate. A lot of people are looking at Kingston because they have artist-subsidized lofts up there,” she says.
Moving in with a partner is often an exciting time, however, when moving in with someone that owns their own apartment, the question often asked is whether or not the partner should pay towards the mortgage like they would pay for rent. While this may seem like a good idea in the beginning, if the relationship goes south, the person moving out may feel like they are entitled to some of part of the equity invested in the apartment. Many couples are looking at alternative ways to make the living expenses equal without having to pay into the other person’s mortgage.
Mirador Real Estate’s Health and Wellness Consultant Dr. Lynn Saladino spoke to the Brick Underground, and gave her professional advice for couples looking to move in together. “….The key is finding a balance that makes sense for both of your budgets, and feels fair to everyone involved,” says, Saladino. “Don’t assume anything…it’s really important to lay this stuff out clearly in the beginning so that it feels fair. If it bothers you in the beginning it will bother you every month when you’re paying bills.” To read more about what to discuss when moving in with a partner, and hear more from Dr. Saladino, check out the full article here.
Being on a subway line was once the top priority for those searching for housing in NYC, however, as rideshare apps are becoming more popular, many resident’s apartment preferences are shifting. People are giving up the convenience of being near public transportation in exchange for larger, less expensive apartments thanks to the convenience and low-cost of using ride sharing apps like Uber, Lyft, and more. The Observer spoke to Mirador Real Estate Agent, Neeta Mulgaokar, about the new ways New Yorkers are moving around the city, “Ride apps are tying historically far-flung New York neighborhood more tightly to the city’s core and leading some customers to give them a harder look,” she says. “They’ve changed what the word ‘central’ means.” To read more about what Neeta has to say, check out the full article here.
The idea of cozying up next to a crackling fire conjures up the feeling of warm, happy memories; but in the city that never sleeps a fireplace quickly loses its romantic appeal when tenants are faced with maintenance costs and the actual task of finding a fireplace, something that is becoming harder to find after a 2014 measure was passed banning all new construction of woodburning fireplaces.
In order to find out more on woodburning fireplaces, and where to look for them, The Brick Underground spoke to Mirador Real Estate agent Jeffrey Hannon. In the article he discusses the best places to find woodburning fireplaces, the appeal for tenants to have a fireplace in the City, and how landlords and coops approach existing fireplaces. To read more about what Jeffrey has to say, check out the full article here.
The newest division of Mirador Real Estate, Mirador Development Marketing, is excited to announce its partnership with luxury rental development, Highgrove. A project located in Stamford, Connecticut. Mirador’s marketing plan will give the property more exposure through digital marketing, social media targeting, and other advertising platforms.
Karla Saladino, Mirador Managing Partner, says, “We are asked to apply our unique marketing initiatives (we have over 150 of them) to projects all over the world, but Highgrove was the first that compelled us to pre-launch our marketing division ahead of the originally planned Q2, 2017 schedule to service it.” To learn more about the partnership and Highgrove, check out the full article here.
In a city where the price to rent is known for being high, many renters use guarantors to qualify for their apartments. Renters are usually required to make at least 40 times their monthly rent in income, and if that can’t be done, landlords require a guarantor who makes 80 times the monthly rent to be legally bound to pay.
Brick Underground spoke to Mirador Real Estate’s Daniel Itingen about who renters typically ask to be their guarantors. “Parents are the first people that landlords look for when it comes to guarantors,” Daniel says. “Then it goes down the list to grandparents, uncles, aunts and siblings, etc” To read more about guarantors in New York, read the full article here.