Real Estate Information Archive


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REBNY's Meeting - The State of the Manhattan Market

by Kijner & Sons International Realty

KSI Realty New York Inc.’s Broker and President, Marc-Henri J. Kijner, attended a panel discussion at the Real Estate Board of New York where top brokers and industry leaders discussed the state of the Manhattan market.

The 421 A program that was created by Mayor Bill De Blasio expired last January and experts composed of attorneys and industry leaders argued that due to the lack of tax incentives, developpers would most likely slow the development of affordable housing projects. Hence putting further emphasize on the hot market of the sub $3 million price range.

Resale units tend to stay on the market for less than a couple of days and buyers are competing even more to snatch their dream property. Higher cash reserves and better credit scores can certainly help strenghten the approval by the boards of both co-op and condominium buildings that prospective buyers are looking at.

New developments are generally not offering discounts but Attorney Steven Matz, one of the managing directors at Katz & Matz, expressed that they are seing more and more concessions on bigger deals such a free storage units being offered, upgrades given on fit and finish, or credit applied towards the transfer fees to attract buyers that are comparing with more affordable resale units, which tend to be larger but often in need of full gut renovation.

The conversation continued on the topic of rental market. Afterall, 70% of the real estate market in Manhattan is comprised of rental properties. Many brokers including myself, argued that June is the official kick-off month for the appartment hunt that thousand of new comers will engage in until late September.

There is no better time than now to find new rentals whereas landlords have updated, refurbished and repainted their units to attract as many quality tenants as possible. Using the help of a qualified and diligent licensed real estate salesperson can turn out to be an invaluable investment to help tenants snatch the best properties as soon as they hit the market. 

We at KSI Realty New York, believe that clients should sit down with our expert agents and discuss their needs. We help our valued customers pin point their area of interest based on their search criteria and finally draw potential property matches with the help of our online 
search tool.

During this panel discussion, we also talked about the emerging areas of Manhattan and everyone agreed that Harlem with Hamilton Heights was the most promising area. With beautiful browstone townhomes that can be up to 50% more affordable than their equivalents in the Upper West or East side of Manhattan, these products are a must buy! The extended subway lines on 2nd Avenue is also benefiting South Bronx and quality and affordable properties are also looking very promising for prospective investors.

For continuous update on the Manhattan market and lifestyle events about the city that never sleeps, please continue to follow us. For any questions, email us at

State of New York City's Housing and Neighborhoods in 2015

by Kijner & Sons International Realty

KSI Realty New York Inc. is proud to share with you the latest
 report from NYU Furman Center for Real Estate and Urban Policy, which was released earlier this week. Some of the highlights include crucial data regarding demographics, trends and the prevalence of rent burden between low income and high income gentrifying neighborhoods.

To download the full report entitled "State of New York City's Housing and Neighborhoods in 2015", please click here.

Looking to buy or sell a property in New York City? Contact us today at

REBNY Newsletter - Numbers you need to know

by Kijner & Sons International Realty

KSI Realty New York office is pleased to share with you REBNY's latest Research Newsletter. The report is comparing all the real estate transactions from 2014 to 2015 for citywide residential home sales including 1-3 family homes, condominiums, and cooperatives as well as investment property sales including commercial, manufacturing and multifamily rental properties

According to Mike Slattery, REBNY Research Department Senior Vice President "[i]n 2015, the total consideration for all real estate transactions was $113.4 billion, a 33 percent increase in total consideration compared to $85.2 billion in 2014. ­­­­­­­­­­­­In 2015, there were 53,904 real property sales, a 10 percent increase over the 49,099 in 2014".

To download the newsletter, click here, or view the image below.

What it means to be a REBNY member?

by Kijner & Sons International Realty

Joe Barbaccia, Senior Vice President of Brokerage Services and Education at the Real Estate Board of New York (REBNY), recently explained in front of an audience of sales associates and Brokers during a mandatory new members Ethics course, that credible information is the currency of success in Real Estate.

Since REBNY’s inception in 1896, the Real Estate Board of New York through its members, has accompanied consumers consistently over 100 years of excellence in real estate. This excellence is achieved through credible, ethical and professional information and service we provide.

These words of higher standards resonate ever so strongly at KSI Realty New York Inc. Information held by one of our sales agents is often key to creating a successful trust relationship with clients, the community at large as well as with fellow licensees. The information we have and the availability to share it with you, does distinguish us from many other sales agents that exist out there.

Mr. Barbaccia went on to describe that REBNY® accounted nearly 13,500 residential members, 2,000 commercial members and 100 more of owner and management division professionals. Given that the entire State of New York accounts for roughly 118,000 licensed sales persons, with 56,000 alone in the city of New York and 30,000 in the borough of Manhattan, we can certainly consider ourselves proud to be part of the happy few selected specialists at REBNY®.

As a consumer who is learning about their options, you should also know that not all sales agents are born equal in terms of ethics, professionalism, training and business acumen. We, at KSI Realty New York Inc., respond to a higher authority and level of training. 

Among major activities and achievements, the REBNY® brochure will teach you that our board lobbies and strives for such program as 421-a where REBNY® negotiated reforms that would result in the creation of more affordable housing targeted at broad band of income levels throughout NYC in exchange for a 35-year abatement on new property taxes.

Other programs include:

  • Co-op/Condo Abatement: advocating for the continuation of co-op/condo abetment programs
  • Brownfield Tax credit program: working the Governor and State Legislature to secure a 10-year extension of a reformed Brownfields Tax Credit Cleanup program which encourages the environmental cleanup and redevelopment of contaminated properties…which ultimately benefits all of us
  • EB-5 Regional Center Programs - one of KSI Realty Thailand’s Corporate sister firm specialties: working with federal officials and other business groups to secure an extension of the EB-5 program, which stimulates job growth through foreign investment in areas of high unemployment

The list goes on and on with amazing achievements and projects that benefit the real estate community as a whole.

Marc-Henri J. Kijner
Kijner & Sons International Realty New York Inc.
Broker Principal

757 Third Avenue Suite 2129
New York, New York 10017
Tel. +1 (646) 808 6476

Displaying blog entries 1-4 of 4




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