Selling Your Home Real estate agents affiliated with Citi Habitats are independent contractor sales associates and are not employees of Citi Habitats. Citi Habitats is a licensed real estate broker located at 250 Park Avenue South, NY, NY 10003. Equal Housing Opportunity.
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Selling Your Home OUR EXPERTISE. YOUR EXPOSURE. We have the experience, network and personal approach to help you through every step of the sales process. We ll work with you from start to finish to help you successfully sell your property with the greatest efficiency at the maximum price. Our extensive knowledge of the industry and attentive approach to client relationships have helped us stand out as leaders in New York City real estate. from 2012-2014 40,000 new yorkers found homes through citi habitats industry-leading website 1.2MM unique visitors per year We Are Connected In the past three years alone, we have helped over 40,000 New Yorkers find new homes. Citi Habitats independent agents have extensive lists of qualified leads and have spent years building longstanding relationships with many of their clients. We Get You More Exposure Our best-in-class marketing and public relations teams generate maximum market exposure for Citi Habitats agents and your property. We ll also use direct mail and email marketing to promote your property to your building, neighborhood and our vast network of contacts, including the entire brokerage community. We Have a History in New York City Our extensive network of offices is strategically laid out across Manhattan. Each neighborhood office operates as a specialized boutique. You get the best of both worlds: personalized service and attention to detail, coupled with the vast resources and technology of a large organization. Citi Habitats is a licensed real estate broker. Owned and operated by NRT LLC.
CITI HABITATS BE WHERE THE MASSES ARE SEARCHING. We are always striving to provide you with exceptional service and maximum exposure of your listing. We understand the market and will guide you through the process of listing your property across multiple channels. We ll also place your listing on our highly trafficked website and feature it on a combination of the sites seen here. WE GET MORE PRESS THAN MOST. We re mentioned in over 1,000 unique media articles annually. Citi Habitats agents and corporate team are regularly featured as experts and leaders in media such as: Our exclusive listings and closed deals get mentioned in media outlets such as:
$2,050 $1,800 $1,550 $1,300 $1,050 $800 $550 $1,415 $1,344 0 Chelsea East Village Harlem 2.5 2 1.5 1 0.5 0 1.19% 1.01% 1.20% 1.33% 1.39% 1.38% 1.36% 1.16% 0.89% Murray Hill 1.46% West Village Selling Your Home WE RE YOUR EYES AND EARS ON THE REAL ESTATE MARKET. This is your chance to leverage our extensive access to real estate information. Selling Your Home Sales Market Reports We publish quarterly and monthly reports giving snapshots of New York real estate sales. These reports help us appropriately price your apartment, an essential step in the early stages of marketing your property. We have the most comprehensive market data available and are the ultimate resource on emerging market trends. Manhattan Monthly Market Snapshot February 2013 MARKETWIDE SUMMARY Price per Square Foot $1,177 $1,015 $1,255 $1,137 CITI HABITATS As we enter the beginning of the typically strong Spring season, market-wide sales activity picked up significantly in February. Both condo and co-op sales increased compared to last month and last year. Sales typically increase in February and condo sales were up 16% and co-op sales were up 22% compared to this time last year. Average condo prices reached new highs in February while average co-op prices declined compared to last month and last year due to increased sales activity for smaller co-ops. Robust sales activity continues to outstrip supply. Condo inventory is 29% lower and co-op inventory is 26% lower than this time last year. Condominium Market Snapshot Condominium average price and average price per square foot established new record highs this month. Average sale price increased year-over-year by 31% to over $2.4MM and average price per square foot was up 8% from February 2012 at $1,589 per square foot. Median price was 11% higher than January 2013 and 45% higher that February 2012 at $1.675MM. Contracts signed at a number of Midtown s prime condominiums with Central Park views contributed to these substantial price increases. Luxury new development sales activity also helped condo average pricing achieve the new price records. Sales activity increased 31% from last month and was 16% higher than February of last year. If these trends continue, First Quarter 2013 is on pace to be one of the strongest first quarters yet. Condominiums Current Month Prior Month % Change Prior Year % Change February 2013 January 2013 February 2012 Average Sale Price $2,414,605 $1,752,162 +38% $1,845,149 +31% Median Sale Price $1,675,000 $1,507,500 +11% $1,157,500 +45% Average Price per Square Foot $1,589 $1,330 +20% $1,473 +8% Average Days on Market 151 133 +13% 214-30% Discount from Last Ask to Sale -3.5% -2.9% N/A -5.5% N/A Listed Inventory 2,512 2,558-2% 3,531-29% Number of Contracts Signed 1 490 374 +31% 421 +16% Condominium Signed Contracts February 2012 February 2013 $1,812 $1,867 Bedroom Type Studio 1 2 3+ % Change +16% +10% -5% +3% Owned and operated by NRT LLC. 1 Manhattan Residential Rental Market Report CITI HABITATS March 2013 OVERALL BLENDED AVERAGES: March 2013 BLDG Classification Studio 1BR 2BR 3BR New Development w/ DM* $3,077 4,282 6,518 8,240 Doorman $2,604 3,619 5,643 7,032 Elevator** $2,292 3,119 4,023 5,306 Walkup*** $1,986 2,668 3,457 4,898 6,000 5,000 4,000 3,000 2,000 1,000 AVERAGE RENT SUMMARY: March 2013 Location Studio 1BR 2BR 3BR Chelsea $2,520 3,233 4,895 6,071 East Village $1,908 2,792 3,611 4,300 Gramercy/Flatiron $2,198 3,460 4,899 5,750 Harlem $1,250 2,013 2,422 2,633 Lower East Side $1,875 2,255 3,500 4,150 Midtown East $1,899 2,729 3,738 4,658 Midtown West $2,133 3,100 4,238 5,599 Morningside Heights $1,775 2,198 2,933 3,600 Murray Hill $2,042 2,529 3,550 4,795 Soho/Tribeca $2,500 3,686 5,795 7,484 Upper East Side $1,845 2,374 3,287 5,233 Upper West Side $1,855 2,592 3,999 6,117 Wall Street/Battery Park $2,400 3,221 4,623 5,223 Washington Heights $1,173 1,591 1,973 2,300 Gramercy/Flatiron MEDIAN RENT SUMMARY: March 2013 Lower East Side Midtown East AVERAGE VACANCY RATE: March 2013 Location Vacancy Rate BPC / Financial Dist. 2.14% Chelsea 1.47% East Village 1.88% Gramercy 1.17% Midtown East 1.29% Midtown West 1.26% Murray Hill 1.33% Soho/Tribeca 0.86% Upper East Side 1.50% Upper West Side 1.11% West Village 1.76% Average: March 1.46% Average: February 1.40% Difference 0.06 West Village $2,417 3,537 4,536 6,328 Average: March $1,986 2,754 3,867 4,949 Average: February $2,023 2,715 3,879 4,962 8% % Change -2% 1% 0% 0% MANHATTAN RENTAL VACANCY RATES: March 2013 1.25% 1.37% 1.40% Nov Mar/13 Aug Sept Oct Dec Jan Mar Apr May June July Feb Median $3,150 $2,698 $3,300 $2,000 $2,500 $3,095 $2,948 $2,395 $2,475 $5,095 $2,246 $2,650 $3,300 $1,500 $3,395 *New Developments include all rental and condo buildings built after 2006. **Elevator averages in the downtown neighborhoods include a significant number of loft rentals compared to other neighborhoods. ***Walkup averages include brownstone and townhouse rentals. Midtown West Owned and operated by NRT LLC. Morningside Heights % OF TRANSACTIONS WITH A CONCESSION MARCH 2013 SoHo/Tribeca Upper East Side Upper West Side Wall Street/BPC Washington Height THE PRICE THAT S RIGHT It s important to appropriately evaluate your property to optimize buyer interest. We work with you to carefully price your listing in accordance with your expectations and our knowledge of the market. We ll help you determine the highest possible asking price for your property at the onset, and we ll be there throughout the process to help you reposition the price if necessary. Citi Habitats agents are experts in pricing and will provide all of the guidance you ll need in order to stay competitive in the market. optimize buyer interest $ ensure seller fulfillment Citi Habitats is a licensed real estate broker. Owned and operated by NRT LLC.
Citi Habitats WE LL HELP YOUR HOME PUT ITS BEST FOOT FORWARD. We want to help you cast the best light possible on your property. All of our exclusive listings are photographed by professionals who are experts in lighting and photo composition. We ll also give you insider information on effective staging techniques we ve gleaned from our many years in the business. So you ll be equipped with the specifics of how to best present your apartment and leave viewers wanting to see more. You ll never get a second chance to make a first impression. The Difference is in the Details 5 tips good lighting is key. so get crazy and turn all the lights on. keep shelves and spaces clean. buyers like to picture their knick-knacks in your nooks. divide the space. rooms sell. be a space magician. use mirrors to create the illusion of more space. crack a window. fresh air promotes good decisions. Small Investments Yield Big Results 5 tips get out your toolkit. no one will want to buy a broken home. a new shower curtain never hurt anybody. make it easy for potential buyers to snoop. repair cabinetry, and fix the fixtures. repaint the room from your neon phase. try flat white walls and eggshell white ceilings. it s not just women who like shiny things. polish floors, mirrors and fixtures.
Selling Your Home WE UNDERSTAND BUYERS. Experience has shown that superior real estate marketing requires a proven strategic plan and the ability to target buyers successfully. We have nurtured relationships with every kind of buyer from first-time purchasers to foreign investors. As a member of the Real Estate Board of New York (REBNY), we adhere to the 24-Hour Rule, and disseminate all of our exclusive listings to the 200+ firms in REBNY within 24 hours. Your property will be seen by 8,500 sales professionals throughout the entire city, so you ll be seen by the most serious and qualified buyers. Within 24 8,500 hours will have viewed your property sales professionals EFFECTIVE PROPERTY MARKETING We have a long history of building lasting relationships with clients and potential buyers. Direct mail and email marketing ensure your property receives robust attention from the brokerage community and our vast network of contacts. We design professional show sheets, newsletters, and mailings customized with photos and information that is important to buyers. SIGNAGE Show Sheets Signage Direct Marketing 552 Central Park West Upper West Side web id: 123456 maintenance: $1,183 financing: 90% allowed size: 2br / 1 ba 552 Central Park apartment features Feature 1 Feature 2 Feature 3 online & print West Feature 4 Feature 5 Feature 6 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque auctor accumsan tincidunt. Vestibulum erat tellus, dignissim id ornare quis, tempor sit amet ante. Nunc augue ut tortor consequat ut ultricies lorem vulputate. Integer augue elit, varius eu tempor nec, ultricies vitae velit.t tortor consequat ut ultricies lorem vulputate. Integer augue elit, varius eu tempor nec, ultricies vitae velit.t tortor consequat ut ultricies lorem vulputate. Integer augue elit, varius eu tempor nec, ultricies vitae velit. Integer augue elit, varius eu tempor nec, ultricies vitae velit. Integer augue elit, varius eu tempor nec, ultricies vitae velit.t tortor consequat ut ultricies lorem vulputate. asking price: $2,000,000 For further information please contact Exclusive Agent: GARY MALIN President 212.685.7777 gmalin@ All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. Citi Habitats is a licensed real estate broker. Owned and operated by NRT LLC. CITI HABITATS & AMMIRATI Just Listed - 1600 Broadway BRAND IDENTITY R01 APRIL 11, 2012 18 Citi Habitats is a licensed real estate broker. Owned and operated by NRT LLC.
Citi Habitats MAPPING THE SALE OF YOUR HOME We are with you every step of the way. TWELVE finish EIGHT Bank Gives Clearance to Close Closing Scheduled TEN Bank + Attorney Prep Closing Final Walk-through + Transaction Closing Co-op Board Package + Interview/Condo Application (Once board package is submitted, scheduling an interview is dependent on board meetings and may take 2-3 s.) SIX day FIVE FOUR Contract Review/Attorney Due Diligence** Loan Approval + Commitment Letter Issued from Bank Loan Application + Appraisal Seller Signs Contract + Sends Copy to Buyer Buyer Signs Contract + Escrow Deposit TWO Offer Negotiation + Acceptance day TWO Offer Preparation journey starts here Preapproval & Property Search day ONE *This timeline is for illustration purposes only. Closing time frame can vary depending on deal terms such as financing and building type. ** Offering Plan, Building Financials, Contract, Board Minutes read at managing agents office.
Selling Your Home CLOSING COST ESTIMATES Condominium Apartments/Townhouses for the seller Broker s Commission 6% of the purchase price $ Seller s Attorney Varies. $1,500 - $2,500+ $ Managing Agent Processing Fee $650+ $ my approx. cost New York City Transfer Tax 1% of price for purchase of $500,000 or less; 1.425% of price for purchase over $500,000 (Paid by Seller, except sale by Sponsor) $ New York State Transfer Tax 0.4% of purchase price (Paid by Seller, except sale by Sponsor) $ Reserve Fund Contribution (if applicable) Determined by condo board, payable by buyer unless otherwise stated $ Move-out Deposit $500+ (usually refundable if no damage) $ Payoff Bank Fees (if applicable) $250+ $ E Tax Filing (ACRIS) $100 $ Property Condition Disclosure Statement $500 $ NYS Capital Gains Tax Withholding** 8.82% of taxable gain on sale (only applicable to non-us residents) $ (FIRPTA) Only applicable to non-us residents Buyer to withhold 10% of purchase price $ for the purchaser estimated cost my approx. cost Purchaser s Attorney Varies. $1,500 - $2,500+ $ Building Application $500+ $ Move-in Deposit $500 - $1,000+ (usually refundable if no damage) $ Title Insurance, Title Search & Recording Fees 0.6% of purchase price and up $ Title Closer Customary Fee $200 $ Mansion Tax 1% of total purchase price when price is $1M or more $ Common charges, property taxes & Insurance premium Adjustments pro-rated as of closing $ mortage associated fees Points - Origination Costs 0 to 3% of loan value $ Application, Credit Check, etc. $750+ $ Appraisal $425+ $ Bank Attorney $650 - $1,000+ $ Mortgage Recording Tax 2.05% for all mortgages less than $500,000 & 2.175% for all mortgages of $500,000 or more, minus $30 for townhouses Real Estate Tax Escrow 0 to 6 months, depending on lender requirements $ exclusive to new developments NYC Real Property Transfer Tax 1 1.425% of purchase price $ $ NYS Transfer Tax 0.4% of purchase price $ Transfer taxes are calculated and added to purchase price (for tax purposes) and then recalculated based on the bulked up price. Sponsor Attorney $1,500+ $ Working Capital Fund Contribution One-time fee equal to 1 or 2 months on common charges, depending on condo Not applicable to townhouses. New York State law requires a written letter of engagement if the legal fee will exceed $3,000. Non New York State residents should procure exemption for state transfer tax forms (TPS584). These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage broker. **Additional taxes on capital gain associated with the sale of real estate including Federal, State and the specialized Medicare tax may apply. Please consult your tax professional to ensure compliance with all applicable tax regulations. $ Citi Habitats is a licensed real estate broker. Owned and operated by NRT LLC.
CLOSING COST ESTIMATES Co-op Apartments for the seller Broker s Commission 6% of purchase price $ Seller s Attorney Varies from $1,500-$2,500+* (Paid by Seller, except sale by Sponsor) $ Managing Agent/Co-op Attorney Fee $650+ $ Citi Habitats my approx. cost New York City Transfer Tax 1% of price for purchase of $500,000 or less; 1.425% of price for purchase over $500,000 (Paid by Seller, except sale by Sponsor) $ New York State Transfer Tax 0.4% of price (Paid by Seller, except sale by Sponsor) $ Stock Transfer Tax $0.05 per share $ E Tax Filing (ACRIS) $100 $ Flip Tax (if applicable) Determined by co-op building (unless otherwise stated or negotiated) $ Move-out Deposit $500 - $1,000+ (refundable) $ Lost Stock and Lease Fees $250+ $ Estate Fees Co-op may impose additional fees for estate sales $ mortage associated fees bank fees UCC-3 Filing Fee $75+ $ Bank Attorney Fees $750 - $1,000 $ NYS Capital Gains Tax Withholding** 8.82% of taxable gain on sale (only applicable to non-us residents) $ (FIRPTA) Only applicable to non-us residents Buyer to withhold 10% of purchase price $ for the purchaser my approx. cost Purchaser s Attorney Varies. $1,500 - $2500+* $ Managing Agent Fee $500+ $ Move-in Deposit $500 - $1,000+ (usually refundable if no damage) $ Mansion Tax 1% of purchase price when price is $1M or more $ Lien Search $350 $ Maintenance Adjustment Pro-rated for month of closing $ Points - Origination Costs 0 to 3% of loan value $ Application, Credit Check, etc. $500+ $ Appraisal $425+ $ Bank Attorney $650 - $1,000+ $ UCC-1 Filing $75+ $ *Note: New York State law requires a written letter of engagement if the legal fee will exceed $3,000. Non New York State residents should procure exemption for state transfer tax forms (TPS584). These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage broker. ** Additional taxes on capital gain associated with the sale of real estate including Federal, State and the specialized Medicare tax may apply. Please consult your tax professional to ensure compliance with all applicable tax regulations. Information contained herein is obtained from sources deemed reliable. However, it should not be construed as legal or tax advice. Consult your accountant or tax advisor to confirm your tax obligations as associated with a sale.
Updated December 2014.