Demsker Realty

Chelsea Mercantile 2013

Thu, 14 Mar 2013 15:48:41 +0000

Chelsea Mercantile 2013, year over year, sales averages…

Size	Closing $ Avg	Disc Avg	SF Avg	PPSF Avg
LOFT w/HO	$1,251,429	-3.48%	983	1274
1 BEDS/1 BA	$1,327,500	-5.60%	983	1345
1 BEDS/2 BA	$2,037,500	-4.05%	1787	1160
2 BEDS/2 BA	$1,975,000	-4.50%	1501	1313
2 BEDS/3BA	$3,500,000	1.40%	2129	1644
3 BEDS	$3,203,333	-1.03%	2072	1557

Very Low Inventory
Strong Demand
Multi Offer Scenarios
Strong Across all Segments

For more info about the Chelsea Mercantile

Chelsea Mercantile year to date averages – sales

Wed, 06 Feb 2013 17:00:03 +0000

Size	Closing $ Avg	Disc Avg	SF Avg	PPSF Avg
LOFT w/HO	$1,239,167	-3.48%	983	1261
1 BEDS/1 BA	$1,327,500	-5.60%	983	1345
1 BEDS/2 BA	$2,037,500	-4.05%	1787	1160
2 BEDS/2 BA	$1,975,000	-4.50%	1501	1313
2 BEDS/3BA	$3,500,000	1.40%	2129	1644
3 BEDS	$3,203,333	-1.03%	2072	1557

The year to date averages for sales in the Chelsea Mercantile saw a very strong appreciation. Loft with home offices out performed the courtyard 1 bedrooms, while 3 bedrooms were in strong demand and shorter supply.

2013 looks to be another strong selling season at the Chelsea Mercantile – 252 7th Avenue.

Demsker Realty

252 7th Avenue nyc, Chelsea Mercantile 2012 Sales

Wed, 02 Jan 2013 19:04:54 +0000

Averages 2012	Sold $	Disc.	PPSF	SF
3 Bedrooms	$3,255,000.00	0.00%	1519	2160
2 Bedrooms	$2,033,333.00	-5.10%	1435	1430
1 Bed / 2 Bath	$2,075,000.00	-2.70%	1277	1644
1 Bedrooms	$1,239,167.00	-5.60%	1267	973
Loft w/H.O.	$1,239,167.00	-3.35%	1258	985

The end of the year 2012 sales averages for all the closed sales in 2012. The Mercantile saw a very strong year with numbers climbing throughout 2012 till the end. Loft with home offices out performed the courtyard 1 bedrooms, while 3 bedrooms were in strong demand and shorter supply.

2013 looks to be another strong selling season at the Chelsea Mercantile – 252 7th Avenue.

Demsker Realty

133 West 22nd Street

Tue, 24 Jul 2012 19:13:57 +0000

Working on a strategy to develop leads for the brokers here in the company. In that continued effort we have created a new lead generation page - 133 West 22nd Street NYC

The idea is to assist agents of the company with their lead generation systems to further ensure their abilities to disseminate incredible service.

Still working on the design and SEO positioning.

New Marketing Pages…NYC Real Estate

Sat, 23 Jun 2012 14:49:59 +0000

Adding some new NYC real estate marketing pages to our online arsenal.

More to come. It shall be interesting to see how ranking and conversions will occur within frame work of the web.

Chelsea Mercantile sale of Loft 7N

Sat, 23 Jun 2012 14:40:46 +0000

Although we issued an exciting “no comment” the Observer decided to run with the story featuring our recent sale at the The Chelsea Mercantile, 252 7th Avenue.

Here

It turns out we have sold the highest priced, N line at the Chelsea Mercantile which shows the company size has no effect when a proper marketing plan is in place. All that noise about a bigger company getting better results is BS and hype which is not true.

Sold loft 7N at the Chelsea Mercantile

NYC Tax abatement

Mon, 21 May 2012 17:36:38 +0000

Besides the 421A, 421G and J-51 tax abatements for new buildings or conversions there is a simple tax abatement that all can utilize when you don’t have access to the previously mentioned tax breaks.

The department of finance offers a 17.5% tax abatement (for most depending on factors in chart below) for basically anyone with the condo/coop tax abatement. All you need to do is apply via the form to get this benefit. All established buildings will have had the managing agent take care of their part to clear the way for individual condo owners to get the abatement. In coops it is applied to the building’s taxes so only the managing agent will need to handle this function.

From department of finance:

A partial tax relief for owners of condominium and cooperative units. This reduces the difference in property tax between condo/co-ops and 1-, 2-, and 3-family homes. The Board of Directors, Managing Agent, or other official representative of a development must complete the Condominium/Cooperative Property Tax Abatement application for the entire development. More information for coop and condo managing agents

The abatement is granted based on the average assessed value of the eligible units in the building. Shareholders may not own more than three units in the development. Units held by sponsors are not eligible.

Abatement percentages are granted according to the following table:

Average Assessed Value Per Unit	Fiscal Year	Abatement
Less than or equal to $15,000	1999 and after	25 %
	1998	16 %
	1997	4 %
Greater than $15,000	1999 and after	17.5 %
	1998	10.75 %
	1997	2.75 %

Chelsea Mercantile, 252 7th Avenue

Tue, 03 Apr 2012 14:37:16 +0000

Lofts for sale at the chelsea mercantile

The Chelsea Mercantile, 252 7th Avenue – a lifestyle building that allows you to beat back the chaos that is New York City once you walk into the front door. Set up with everything a busy person could need, the building offers doormen, concierge service, maid service, valet service, incredible gym, storage, huge roof deck, dry cleaners in the building, atm, and child’s playroom to name a few.

A great feature is the over all construction of the building, which is very solid and keep intra unit noise to a minimum level. Another great convenience is the whole foods at the base of the building and the many other options Chelsea has to offer.

Chelsea Mercantile, 7N for sale by Demsker

Streeteasy

Tue, 03 Apr 2012 13:48:51 +0000

In our ongoing effort to build something special and add quality agents we have decided to embark upon a StreetEasy banner campaign to disseminate our message of a spectrum company model. After 2 months we should see the results and whether it was a prudent choice or not.

The system is there and works great. Will be interesting to see how the public will embrace it and if it aligns with their core needs.

Chelsea Mercantile for Sale

Tue, 28 Feb 2012 18:15:03 +0000

252 7th Avenue, Chelsea Mercantile for Sale – Demsker has just brought forth Loft 7N, Loft with Home Office, to market. First showing will be on 3/11/2012.

The Chelsea Mercantile, 252 7th Avenue, is a lifestyle building making your time at home stress free and relaxing. It features an incredible gym, roof deck, doormen, concierge service, valet service, maid service, dry cleaners on site and garage access.

The loft is the rare “N” line which is the top line at the Chelsea Mercantile for lofts with home offices. It has extra space and width plus an extra window that the other lines don’t posses. Also it offers an open kitchen with island while the others have galley kitchens.