Mitchell Hall - Manhattan Real Estate

Manhattan, New York City Real Estate Expert

Mitchell J Hall - Associate Broker - Blogger

Manhattan Relocation, Neighborhood Reports, Apartment Buildings

Manhattan Relocation Package:

• Manhattan, New York City Relocation Guide
• Manhattan Relocation: Helpful Tips, Links and Contact Information
• Relocation Guide: Time Line For Purchasing A Manhattan Home
• Relocation Guide: Understanding (and loving) Manhattan
• New York Apartment Terminology A-Z: A Consumer Guide
• NYC Room Count: A Consumer Buyers Guide
• New York City Building Terminology
• Co-ops vs. Condos: Understanding Manhattan Housing
• The Co-op Board Interview: Tips to Help Pass a Coop Board Interview
• Manhattan Closing Costs for Coops and Condos

Neighborhood Relocation Guides and Market Reports:

• Harlem
• Hamilton Heights
  
• Morningside Heights
• Upper West Side
• Upper East Side
  
• Clinton/Hells Kitchen
• Chelsea
• Greenwich Village
• SoHo
• Tribeca
• Battery Park City

Manhattan Apartment Buildings in history/ today

• Apthorp Apartments
• The Ansonia
• The Beresford
• The Castle 455 Central Park West
• The Dakota
• Hotel des Artistes
• 50 West 86th
• Landmark Living
• Townhouses to Apartments
  
• Starchitect Skyline

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Mitchell J Hall, Associate Broker in Manhattan, NY

A Manhattan born native New Yorker, Mitchell gained appreciation and knowledge of New York City's different neighborhoods, buildings, architecture, culture and diversity at an early age. His innate knowledge of each neighborhood's unique personality is what makes him adept at matching personalities and lifestyles with properties. He has lived in Manhattan neighborhoods in Brownstones, Pre War and Post War buildings. Having lived and travelled throughout the US and abroad Mitchell knows "There's No Place Like Home" both financially and emotionally.

Comfortable with all types of people, lifestyles and financials he knows how to listen, to focus, "to read between the lines" and to work hard to satisfy his client's real estate needs.

International Sterling Society

Trulia Century Award Winner

Personalized Service for Buyers and Sellers.

Certified Relocation Specialist

Coop, Condo and Townhouse specialist

Digital Marketing Plans

Cutting Edge Services

BA in Communications from The American University, Washington DC

Certificate in E-Commerce from New York University

Member of Manhattan Association of REALTORS® (MANAR)

Member of New York State Association of REALTORS® (NYSAR)

Member of National Association of REALTORS® (NAR)

Member of The Real Estate Board of New York (REBNY

Websites and Links Where You Can Find Me Online:

Manhattan Apartments

corcoran

nycblogestate.com

activerain Proile

activerain Blog

Condos Manhattan

Localism

Linkedin

Trulia

Twitter

Property Qube

Zillow

Blogger (Profile)

technorati

Facebook

blip.fm

ecademy

squidoo

Flickr

Testimonials:

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Mitchell Hall sold 2 of my apartments in Manhattan. One was a Chelsea co-op in 2002 and the most recent was a Battery Park City Condo in 2005. After he sold my co-op in 2002, I knew Mitchell was the only Realtor I wanted to sell my Battery Park city condo.

The reason was very simple. Successful selling in Manhattan real estate is based on the correct pricing for the unit. If it’s priced too high, there won’t be enough interest and the unit will sit on the market.

However, if it’s priced just low enough to generate a healthy response, the potential buyers will compete for the property and bid up the price. In both instances, this was the case.

Mitchell was able to get the best price for my units based on pricing the units at the correct pricing point that led to bidding wars on the apartments. And in both instances, the units sold for well over the asking price.

In my mind, being able to price units correctly in Manhattan is not an easy task. There are so many variables that affect a unit’s value - even in the same building. Mitchell’s combination of extensive market knowledge, professional demeanor and outstanding negotiating skills always brought in the highest price for my units.

I have since moved from Manhattan, however, if I was ever to return to the city, Mitchell Hall would be the first Realtor I called.

I would highly recommend Mitchell Hall as a Realtor in Manhattan and don’t hesitate to sign my name to this letter.

Allen Zimmerman

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"It's been a few months since we've been in our new apartment, we love it. We are so glad we met you at your Open House. With out you we never would have found this apartment. Thanks for all your help especially getting us approved by the co-op board. GS and RW 250 West 103rd St.

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" Mitchell, your pricing strategy and marketing ingenuity was nothing less than spectacular. Having so many solid offers to choose from so quickly enabled me to not only get the price I wanted but the terms as well. Having a signed contract in less than a week and Closing in less than 30 days removed all the stress regarding my relocation and the new condo I bought in South Beach. By the way thanks for getting me a great Realtor in Miami." TD 377 Rector Place #20A

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"Bravo! Mitchell, I am so pleased with your work, I could not be any happier. When I saw my little Chelsea apartment in The New York Times recent sales section, and how much you sold it for I felt like Sarah Jessica Parker in "Sex in the City". A. Collins 210 W 19th Apt 5K

IN THE NEWS: Recent Press

Sales still falling in Manhattan

Real estate professionals say buyers are in the driver's seat

By Inman News, Wednesday, July 2, 2008.

Inman News

Residential sales in Manhattan continued to slide in the second quarter, according to market reports released today, falling back from last year's lofty peaks.

Mitchell Hall, an associate broker for Coldwell Banker Previews International in Manhattan, said, "I think the market has really turned to more of a buyer's market," and buyers seem to have more wiggle room these days in negotiating prices and other concessions with sellers.

"Everything's very negotiable right now," Hall said. "Where a year ago a buyer would ... insult a seller making a lowball offer, now everything is being considered."

He cited the slow-moving economy among the factors contributing to slowing sales. "They are not grabbing things right away as they were previously. They are ... taking a wait-and-see attitude."

Those buyers who purchased in the past year will likely lose money if they try to sell in the current market, he said.

While there are still first-time buyers in the market, Hall said that larger down-payment requirements are difficult for some buyers. "It's a little tougher getting mortgages right now." The co-op market, he said, typically requires a 20 percent down payment and in some cases a 25 percent down payment, and for condos most lenders are requiring at least a 15 percent down payment, he said.

There are plenty of homes for buyers to choose from, he said, citing a couple who found 80 properties that matched their criteria.

Time Out New York / Issue 656 : Apr 23-29, 2008

Apartments '08

How to be the perfect candidate

TIPS FOR CO-OP BUYERS - by: Scot Meyer

Five tips for wanna-be co-op buyers

Although a co-op board member may say that the process of meeting applicants is just a formality, the building bigwigs can reject you without explanation. So it pays to take the meeting seriously.

1. Answer questions. "You may be asked things that seem personal and sometimes even invasive," says Circle Mortgage Group president Dale Siegel. "Don't be fazed, just answer politely."

2. But maybe not all questions. Mitchell Hall, associate broker with Coldwell Banker Previews International, notes that co-ops can't discriminate based on things such as race or national origin. The board is also not supposed to ask about sexual orientation, marital status or if children will be living with you.

3. Don't elaborate. Hall says major renovation plans might turn off board members.

4. Don't ask. Even innocent questions can offend. "You might ask when they're going to renovate the lobby," Hall says, "and it turns out they just did, and someone on the board was head of the lobby-renovation committee."

5. Don't tell. Beware of revealing too much-questions about sublet or pet policies are a bad idea, and if there are patios, don't ask if you can barbecue on them.

Is Manhattan Immune from the Real Estate Bust?

For the time being, yes. But if Wall Street continues to struggle, that could change

• Slide Show: Manhattan's Most Expensive Real Estate

Is Manhattan Immune from the Real Estate Bust?

(page 2 of 2)

Many of the strictest buildings often insist that prospective buyers have liquid assets equaling as much as three times the apartment's asking price. So, if you're talking about a $5 million apartment, you need at least $15 million in the bank. Other real estate holdings don't count.

Subprime loans and foreclosures, as a result, are rare.

"Here you have to put skin in the game," said Mitchell Hall, associate broker with Coldwell Bankers Previews International. "It's not easy to buy a place in New York-you have to be really qualified." Translation: rich.

Nail-Biting Time

The fact that Manhattan has-at least so far-escaped the downturn doesn't mean it won't get hit. With a recession looming, plenty of job losses are expected this year on Wall Street, where bonuses are also expected to shrink.

The new condos being built-with ever increasing prices-could also create an oversupply of luxury real estate.

Even Spinola of the Real Estate Board concedes that the market could flatten in a recession.

New York real estate is by no means immune to dips. Prices dropped during the recession in the early 1990s and following the 1987 stock market crash. The biggest postwar decline came in the 1970s, when the city went bankrupt.

Jonathan Miller, president of New York appraiser Miller Samuel, said even though prices are rising, sales activity is off from last year's record levels.

The boroughs are doing worse. Expensive Brooklyn neighborhoods such as Brooklyn Heights, Cobble Hill, and Park Slope have mirrored Manhattan's strength. But middle-class communities farther out have been weakened by the subprime crisis and the credit crunch.

Median home prices in Queens fell 12% in the first quarter from a year earlier, according to the Real Estate Board. The median price dropped 9% in the Bronx, 2% in Staten Island, and 1% in Brooklyn.

"Look we've had a very brisk real estate market for the last four or five years," Miller said. "The New York region has held up better than virtually any market across the country. But we are not immune to situations on the national scale."

See the BusinessWeek.com slide show for the most expensive real estate listings in Manhattan.

Gopal writes about real estate for BusinessWeek.com in New York .

metro.us 1/24/2007

New York Post 12/03/2006

PAGE SIX Magazine: NY POST Sunday October 14,2007

Press Mentions:

• Recent Press: Inman News
• Recent Press:Time Out New York

Date Publication Article's Name 1/24/2007 Metro New York On the Waterfront 9/1/2005 The Real Deal Residential Deals 3/7/2005 New York Post Homes of the Week

12/3/2006 New York Post Hot New Digs For Wall St. Bonus Babies

6/22/2007 New York Sun Stalled Coop Bill Gains Backers