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Weekends: Commercial Agents vs Residential Agents

 30th January 2017    David_Perlmutter

Is the weekend your time to relax? Or is it when you get your job done? Let’s find out!

Here’s what we learned from our colleagues in the commercial real estate world:

And here’s what we learned from our colleagues in the residential real estate world:

There are no big surprises with these results. As a commercial real estate broker, I only show space on weekends when I have to, and usually that is because the customer is a store owner who can’t see the space any other time. Office customers want to see their potential space during the week, when the office buildings are fully operational. When my kids were younger and I was coaching their sports teams and otherwise attending their activities, I rarely showed space on the weekend. Wearing my brokerage hat, I do often spend time on weekends working in other ways, such as answering emails and strategic planning. Wearing my QuantumListing hat, sometimes I feel like the only time I’m not working is when I’m asleep.

Residential agents’ customers often work on weekdays, therefore they have to show space on the weekend. I am a little surprised that 23% of the respondents said they don’t show houses or apartments on the weekend, but this could have been skewed by the small sample size. Additionally, it is not uncommon for residential agents to have a team partner, so, if they can’t show the place, then their partner will pick up the ball.

What about you? What type of real estate do you practice, and do you show space on the weekend? Let us know in the comments.

 

Generational Shift in Real Estate Investing

 17th May 2016    David_Perlmutter

bitmoji-20160517082900Be sure to catch my article in the digital edition of The New York Real Estate Journal, “Generational Real Estate Investment: It’s All Over Now, Baby Boom.” It is my interpretation of a poll QuantumListing posted on Twitter. Let me know if you agree with my analysis, or if you have something to add.

You can check out our previous polls HERE, and their results HERE.

David Perlmutter is the author of the QuantumListing Blog and publisher of the QuantumListing App. He is also the owner of Perlmutter Properties Inc. in White Plains, NY.

Click HERE to sign up for a trial Premium Membership.

Featured Listings: 3 From Brick&Mortar in Williamsburg

 15th February 2016    

Today,  we’re featuring three listings from Nathan Horne of Brick & Mortar in Brooklyn. I’ve never met Nathan, though we’ve talked a few times on the phone. He first signed up for QuantumListing earlier last week. After QuantumListing’s database was hacked, he was the first one to sign up again and add back his listings. For that, I’m grateful. Based on his company bio, I’d say he’s a pretty interesting fellow. He’s a former civil right’s attorney, author and independent real estate broker. He teaches chess, and is a former national high school soccer champion. It sounds like Nathan’s got all the skills in his background needed for a successful broker in the competitive Williamsburg market.

224 N6

224 North 6th Street, Brooklyn NY – Click to enlarge

224 North 6th Street has a 1500 SF building on it now, but is in an excellent area for condominium development in Williamsburg. There are plans for a 7-unit rental development with 5350 livable SF and 7850 gross SF. This area commands $70/SF for rent or $1500/SF for condos.

390 Union Avenue, Brooklyn NY - Click to enlarge

390 Union Avenue, Brooklyn NY – Click to enlarge

The next  listing also has potential as a development site. It houses a nice 3600 SF building only one block from the Lorimer L train. It’s a great investment to buy and turn the first floor into a commercial space or to tear down and build a 7200 SF building as of right or 9500 SF with affordable housing. There are plans for 10-unit residential building plus store development. Asking $400/BSF.

467 Keap Street, Brooklyn NY - Click to enlarge

467 Keap Street, Brooklyn NY – Click to enlarge

The third listing is 467 Keap Street, a beautiful retail space in prime Williamsburg, only one block from the Lorimer L Train. It has almost 100′ of street frontage,  with 4200 SF ground level space, as well as almost 4000 SF windowed lower level space accessible by a private elevator. Nathan says it is perfect for a gym, grocery store, bank, or practically any other large establishment, as there are over 500 apartments in these two square blocks.

For more information on these listings, give Nathan a call at 706-255-5657 or send him an email.   You can connect with Nathan on LinkedIn.

Click here to see previous Featured Listings. 

Featured Listing: 537 Klockner Road, Hamilton, NJ

 28th January 2016    David
537 Klockner Road

537 Klockner Road – Click to go to property site

Today’s featured listing is the LoBianco’s Homemade Pasta and Catering building, located at 537 Klockner Road in Hamilton, NJ. This recently renovated store front is for sale, and includes a completely renovated spacious two(2)  bedroom apartment. According to Steven Pagan, the property’s listing agent, “This locally well-known location is a perfect opportunity for an entrepreneur to begin a turn-key business and occupy the apartment on the second floor or better yet, if rented, would add to the profit profile. The owner is ready to sell and has priced it for aquick sale.” The property isconveniently located at the corner of Potter Avenue and Klockner Road, eight (8) blocks from Nottingham Way and one (1) block from the Enterprise Fire Company. Near the Hamilton Train Station. The site provides easy access to Routes 1 and 33 and Interstates 195 and 295. Call Steven 609-570-2836  or send an email to ThePaganTeam@foxroach.com to get additional property details.

Click here to see previous Featured Listings.

David Perlmutter is the author of the QuantumListing Blog and publisher of the QuantumListing App. He is also the owner of Perlmutter Properties Inc. in White Plains, NY.

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