Real Estate News for Agents,Brokers,Realtors,Buyers,Investors

LoGofdallen

Congratulations!! You and your Buyer have finally found the right space to call home, and their Offer To Buy, has been Accepted!

Now comes the hard part! You would be surprised at how many Real Estate Professionals that have never represented a client in the Purchase or Sell of their Home or Condo. So many Agents, Realtors, Brokers, make a very handsome living, only doing Apartment Rentals, and that’s Awesome.

Hopefully, at some point in your career, you will get the opportunity to represent a client in a Sales Transaction, preferably a 7 figure deal. Now that you have procured the property for your client, you have to make sure that the process moves smoothly over the next 45-60 days before “The Closing”, or  “Payday“, can materialize.

A Lenders Pre Approval Letter is just that…Pre Approved for X amount of dollars based on your credit worthiness. Now you need to get a Mortgage Commitment Letter from your Lender, who will guarantee coverage of the outstanding balance of the Real Estate purchase.

After the Contract has been signed by all parties, and 10% Down Payment of the Purchase Price has been Es-crowed, your Buyer/Client/Investor will need to provide the following documents, regardless of  purchase type, Mortgage or All Cash transaction.

Mortgage Lender Commitment Letter, Tax Returns, Pay Stubs, Bank Statements, Bank Appraisal of Property being Purchased, including Homes and Condos.

Condo Board Application(First Right of Refusal Waiver), must be completed, submitted and approved by the respective Condo Board to allow your purchase.

Once your Buyer/Client/Investor has submitted all of the necessary documents required or requested, the process moves very smoothly…most of the time. There could always be a hidden nugget of Title,Deed,Probate or Lien issues lurking in the archives.

Your Title company should make sure all outstanding issues are resolved, if any exist, before The Closing can take place. These situations mostly develop with Resales of Property.

After 20 years in the business, I have never experienced this with New Condo Developments or New Homes constructed.

I hope this information has been, and will be, useful in your future Real Estate Sales endeavors.

Warm Regards, Frank

**Frank Allen is the Chief Executive Officer at the FD Allen Group Inc, located in Flatiron, Manhattan, NYC.**

212.561.6720

#CEOSpeaks @ fdallengroupinc.com

#BuyerIncentiveProgram #MillionDollarListingNY

 

 

TRUMP Luxury Condo Rental

Mint and Luxurious Trump World Tower, located in the neighborhood of Turtle Bay, NYC, right across the street from the United Nations.

We currently have a $1 Million Dollar STUDIO CONDO for rent, for only $3500 per month. This condo unit comes with exquisite city views , in unit Washer/Dryer, Marble Bath,White Kitchen with Granite Counters,Dishwasher, 5 Star Fitness Center, Spa, Doorman, Concierge, plus much more.

Diplomats, Renters, Relocation, Welcome.

**Available April 1st,2019. Application and Broker Fees are Required!**

Inquiries and Appointments To View: 212.561.6720

Email: fdallengroup@aol.com

Visit us online: fdallengroupinc.com

Trump World Tower Pic

Luxury Real Estate NYC

 

fdallengroup

The FD Allen Group, Inc has a new website under construction at fdallengroupinc.com

Please feel free to visit us as often as possible for our NO FEE Luxury Apartment Rentals, Skyscraper Condos, Penthouses and New Developments for Sale in Manhattan and Brooklyn.

FD Allen Group Inc.

Licensed Real Estate Broker

244 – Fifth Avenue Suite F233

New York, NY 10001

212-561-6720-Office

212-591-6983-Fax

Email: fdallengroup@aol.com

Central Park Condo Sale – NYC

West 83rda

 

Bright and lovely, 2 bedroom, 2 bathroom, 921 sf Duplex Condo, with Private Roof Terrace, located less than two blocks away from Central Park.

The open gallery Kitchen features Granite Counter tops, Stainless Steel Appliances, Breakfast Bar, and Wine Fridge. Abundant natural light on both levels with 3 large windows in the Living Room, and large Picture Window in the bedroom.

The red brick fireplace has been converted to natural gas. The huge master bedroom can easily fit a King-size bed, and has a master bath.

There are also large walk in closets and a 246 sf Private Roof Terrace.

*New Renovated Kitchen *Dishwasher *Microwave *Marble Baths *Hardwood Floors *Exposed Brick Walls *Walk-Up Building *Close to Subways

*Great Investment Property *Listing-Open

164 West 83rd Street New York, NY 10024

*Asking Price: $1,265,000

*Monthly Taxes-$894.00 *Common Charges-$460.00

*Direct Buyers, Investors Only!

*Appointments To View

fdallengroup@aol.com/212.561.6720

Beekman Place Townhouse Condo Sale

BeekmanFront

New To Market! Mint, Pre-War Beekman Place Townhouse Condo for Sale.                Enjoy your life on this tranquil, tree lined street. This low, walk up building in the Beekman neighborhood, located in Turtle Bay, is just 2 blocks away from the United Nations.

The building and the unit are in excellent condition. This is a magnificent opportunity for a First Time Home Buyer, Investors seeking Investment Property, Pied-a-Terre, or your Primary Residence.

Very seductive 1 Bedroom/1Bathroom/Pullman Kitchen/Free Laundry/Low Utilities/Very Low Taxes and Common Charges.

This property is very easy to rent or sublet, as an Investment Property Owner. Great place to call home as your Primary Residence.

Situated on East 50th Street, between 1st Avenue and Beekman, this location is close to all Public Transportation, including Taxi’s, Buses, and Subway Stations, located on 2nd Avenue, Lexington Avenue, and Grand Central Station.

Priced to Sell, IMMEDIATELY!

Building Type – Condo

Asking Price – $660,000

Approximate SF – 396

Common Charges – $350

Real Estate Taxes – $438

Financing – 80%

For additional Purchase Information, Appointments To View, Future Open Houses,contact us at:

Email – fdallengroup@aol.com

Office – 212.561.6720

Mobile – 646.599.0347

#NOFEE #NYC #RENTALS #HamiltonHeights #Harlem

fdallengroup

New To Market. NOFEE Harlem Apartment Rentals. Located on Broadway in the Columbia University, City College of New York neighborhood, these renovated units are affordable for all, but especially college students and their families.

The higher floor units offer Spectacular views of the Hudson River and Downtown Manhattan.

The current Deal of the Week: 1Bedroom/1Bathroom/$2050, for a 19 month lease.

For Appointments to View and Rentals:

fdallengroup@aol.com/646.599.0347Hamilton Heights

New Tax Laws 2018 Luxury Real Estate NYC

fdallengroup

The new tax bill has major changes on the Real Estate Tax Deductions. What does this mean? As every Homeowner or Homebuyer situation is different, I recommend that you speak with your Accountant or CPA.

The loss of Mortgage and Real Estate Tax Deductions may be offset by higher standard deductions and potential lower tax bracket.

Old Mortgage and Real Estate Tax Provisions

*Deductions of interest on $1,000,000 First Mortgage and $100,000 on a Second Mortgage.

*Real Estate Taxes can be deducted

*Capital Gains Taxes on the Sale of a Property can be exempted if it was your primary residence and you lived in it for 2 of the last 5 years. $250,000 for Singles and $500,000 for Married couple.

*SALT Tax-Non Real Estate Tax, allows deduction of State and Local Taxes.

New Mortgage and Real Estate Tax Provisions

*You can now deduct interest up to a $750,000 mortgage. For new mortgages, there are no HELOC deductions. Old mortgages are grandfathered in up to $1,000,000.

*You can only deduct a maximum of $10,000 of Real Estate Taxes, but a part of maximum of $10,000 of itemized deductions.

*Status-Quo Exemption on Capital Gains Tax on the sale of a property that you have lived in as a primary residence the last 2 of 5 years. $250,000 for Singles,and $500,000 for married couple.

*SALT Tax-Non Real Estate tax,also included in the maximum of $10,000 of itemized deductions.

2018 Standard Deductions and Exemptions

The new tax rules also make big changes to the standard deduction and exemptions.

The standard deduction is jumping BIG TIME this year! Below are standard deductions by tax filing status.

*Married Filing Jointly/Surviving Spouse $24,000

*Heads of Household $18,000

*Single $12,000

*Married Filing Separately $12,000

2018 Income Tax Brackets

Rate      Individuals                      Married Filing Jointly

10%     Up to $9,525                      Up to, $19,050

12%     $9,526 to $38,700             $19,051 to $77,400

22%     $38,701 to $82,500           $77,401 to $165,000

24%     $82,501 to $157,500         $165,001 to $315,000

32%     $157,501 to $200,000       $315,001 to $400,000

35%     $200,001 to $500,000       $400,001 to $600,000

37%     Over $500,000                   Over $600,000

The FD Allen Group Inc is ready and available this New Year, to assist all new Home Buyers with answers to questions and navigating the Home Buying Process in NYC, whether its through Mortgage Financing or All Cash Purchases.

Call us today. We’ll take good care of you.

212.561.6720-Office

646.599.0347-Mobile

Email: fdallengroup@aol.com

Frank Allen – Founder and CEO

 

CEO Speaks…Happy New Year 2018 Luxury Real Estate NYC

fdallengroup

Hello World! Happy New Year 2018!

Who We Are:

We are the people you trust with the single most important aspect of your life, Your Shelter, Your Home, Your Condo, Your Sanctuary.

We are the people that you entrust with Your Quality of Life and Peace of Mind, in the New Year and Beyond. Your friendly neighborhood Real Estate Broker!

The FD Allen Group Inc has one of the most experienced, comprehensive Luxury Real Estate and Corporate Relocation Staffs in New York City, whose clients include, Fortune 500 Corporations, VIPs, High Profile Individuals, Professional Athletes, Young Families, First Time Homebuyers, and Financial Institutions around the globe.

What We Offer:

With an experienced staff that has over 30 combined years of Luxury Real Estate Sales and Rental deals in the books, there is nothing we have not seen, and  we are truly in touch with the unique demands of today’s Real Estate Buyers, Sellers, Renters, and Relocatees in NYC.

In addition to our core business of Skyscraper Condo Sales and Rentals, we also offer Premium Property Management Services, for Absent Owners and Landlords.

Don’t let this New Year 2018, catch you making Life Decisions on Real Estate, without having a Professional Licensed Real Estate Broker as your partner.

We look forward to giving you our Three E’s! Energy, Effort, and Expertise!

All at 100%. All the time!

To schedule an Appointment to discuss Luxury Real Estate, Sales and Rentals, Condos or Multifamily Homes in NYC, please reply via email or call our office. Please leave a concise message if no one is available.

Email: fdallengroup@aol.com

Telephone: 212-561-6720

Wishing you the Best Year 2018, of your Life!!!

Frank Allen, Founder and CEO

#FreeRent and #NOFEE #Luxury #Rentals #HellsKitchen #NYC

fdallengroupThis Year 2017 was indeed a Year of Concessions for Renters, in New York City. The great news is that deals and discounts are still pouring over into next Year 2018, with even more Renters concessions. 

Rent Luxury, New Construction Apartments, on the mighty Hudson River, and get two months Free Rent, plus No Broker Fees on a 14 month lease agreement.

Amenities include: 20,000 sf courtyard/Lounges,Party Rooms/Game Rooms/Poker Room/Sun Decks/Fitness Center/Billiards/Indoor Basketball Courts,plus more.

1 bedrooms start at $3600/3 bedrooms start at $10,280

It’s Win Win Win season!!!

Call or Email us today for Information and Appointments to View or Rent this Luxurious Property.

212.561.6720/646.599.0347/fdallengroup@aol.com 

New To Market for 2018- Beekman Place Townhouse Condo Sale Luxury Real Estate NYC

fdallengroupNYC Condo Buyers and Investors! Now is your time to pick up a spectacular Midtown East, Beekman Place Condo, for less than $1 Million Dollars!

Only 2 blocks from the United Nations.

Currently Off Market, but coming to the Market in February2018, unless it has been sold before then.

Townhouse Condo,  1bedroom/1bathroom.  Fully Furnished, all contents are included in the Sale Price of $660,000!

Perfect for the First Time Home Buyer, or Savvy Investor, who is looking for a great Investment to add to their existing Real Estate portfolio.

This Condo will sell rapidly!!! If you are interested in Viewing, Buying, or Inquiries, please make Appointments at: fdallengroup@aol.com/646.599.0347.

Start the New Year off right, with a Winner!

BeekmanPlace