Are you in the market for a NYC condo apartment? Are you looking for something sparkling new, sleek and dynamic?

Consider a NYC Green Home. Featuring all of the amenities of traditional doorman, luxury hi-rises; eco-friendly buildings offer something even more: peace of mind.

Set your mind at ease. Not only will you purchase a home which is built from re-used, recycled, reusable or sustainable products, a home in which the air and water is filtered, and the rainwater reused to keep the grounds beautified, but you will also purchase a house in a micro-market that seems to be weathering the current economic downturn. According to Lydia Depillis’ article in the November 13, 2008 “New York Observer Article” the market for environmentally friendly housing in New York City is “…going strong: Driven by growing demand for eco-friendly living and working space, developers are forging full steam ahead on plans to obtain green certification.”

With many new LEED certified buildings in Manhattan, Queens and Brooklyn, you’ll have a variety of neighborhoods and styles to choose from. Of course, you’ll have to do your due diligence by reviewing the building’s financials and having a lawyer look over your contract before purchasing.

Have questions? Want more information on LEED certified buildings? Would you like a tour of the newest eco-friendly condos? Ask Lala.

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You don’t have the time to do your own thorough search.  You don’t know if you’re getting access to all the listings.  You are dealing with too much back and forth between different agents – who you know all share the same listings.  And negotiating… you don’t even know where to start.  Does paying more up front give you a discount on the rent or purchase price?  If so, does it still give you a discount if you have bad credit?

There are many reasons to hire a real estate professional to help you with your search.  It’s picking the right person to handle all your real estate needs that really matters.

Here are some considerations in finding the right agent or broker:

1. Does your agent have access to all the co-brokered listings?
2. Do they have expertise in the areas you would like to live?
3. Are there other agents in the company that would help manage your search if your agent becomes unavailable?
4. Is your agent punctual in responding?
5. Does your agent seem to understand the market?
6. Does your agent have the support of his/her agency? If this is a less experienced agent, do they have the advice of more experienced agents at their company?
7. Is your agent always reachable?
8. Does the agent you’re working with have the upper hand on technology?

The right agent will show you apartments in your budget and just above your budget to allow for negotiations.  To figure out your budget, they will ask you questions about your income and assets.  If you’re buying there will be additional inquiries into what you have to put down, where money is coming from and what assets you will have after down payment, closing costs and other charges associated with buying a co-op.

It is important to work with the agent you feel comfortable with.  Real estate professionals work on commission, and commission alone.  If you searching for the right agent do so only in the preliminary process.   Due to REBNY rules, all REBNY members share the same listings.  Stick with the agent you have come to know and trust.  Of course, if your agent is not representing your interests, it is always advisable to find a new agent as quickly as possible.

If you have any questions, Ask LaLa!

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Every so often we feel inspired to write about a New York building that isn’t a condo, where there are no apartments for sale or even for rent, a building that has no doorman, health spa, chef-style kitchens or other fabulous amenities. Why? Read on and find out….

Did you know that New York City has its own Gothic ruin – an equivalent of the great Gothic, romantic ruins of medieval Europe?

If you drive along the FDR Drive near East 52nd Street, you can see it from your car –a Gothic Revival ruined castle-like structure, the Renwick Ruin, at the southernmost tip of Roosevelt Island.

After dark, because the Ruin is well lit at night, you can see its ghostly outline clearly from Manhattan. You might feel like you are in a different continent, or even a different space-time continuum. You barely recognize that it is part of New York City’s 2007 skyscape.

The central part of this Gothic Revival structure, designed by James Renwick, was built in the 1850s by prison labor to treat, house and quarantine the victims of smallpox. Two wings of a similar design were added to the original block between 1903 and 1905. Thousands of patients who entered the Gothic-style structure would never live to see the outside of its thick stone walls again.

After a century of use, the hospital was abandoned in the 1950s. The magnificent building fell into disrepair and has been consumed by ivy and dense overgrowth.

All that remains are its turreted stone exterior walls, and a crumbling brick interior with no roof, no inner walls, and barely any floors. The hallways are consumed by large rock piles, and big trees occupy the rooms once filled with sick and dying patients. In winter, as water freezes and melts, cornice stones fall from the facade. But the building’s grandeur shows through the flaws.

The building was granted landmark status In 1975 by the Landmarks Preservation Commission. The Commission suggested in its designation report that its ruined state was picturesque and attractive. The plan is to preserve what remains, keeping it as a romantic ruin. In 1994, the composer Meredith Monk wrote a choral piece to be performed at the site, called “American Archeology” and featuring a cast of dozens, including actual hospital patients and doctors. The music she wrote is as mysterious as the ruin itself.

Much has changed in the 150 years since the Renwick hospital was built. With its views of Manhattan just across the river, Roosevelt Island now is more than ever a prime real estate location.

Roosevelt Island is owned by the city, but was leased to the State of New York’s Urban Development Corporation for 99 years in 1969. Today, developers and urban planners are building modern glassy buildings on this island.

With the historic Renwick Ruin inspiring the Gothic imagination and an eerie romantic mood, and the cable car flying cross the sky, Roosevelt Island’s magnificent modern real estate has a distinct personality and allure that no other place can match.

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Of the approximately 5000 rental properties available, 40% are available directly from Landlords and Owners, the other 60% are available through brokers only.

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