Above Standard Commissions and Incentives October 2019
Total Page：16
File Type：pdf, Size：1020Kb
Above Standard Commissions and Incentives October 2019 Developments with Rent-to-Own Programs 100 Barclay One Manhattan Square (252 South Street) Upper West Side / Upper East Side 207 West 79th Street – 4% 200 East 62nd Street – 4% 301 East 61st Street – Two years of common charges paid by sponsor 389 E 89 – $5,000 Saks Fifth Avenue Gift Card and VIP Personal Shopper on all contracts signed by December 31; three years of free common charges on all one bedroom contracts signed by December 31 Citizen360 (360 East 89th Street) – 4% and sedan parking space included with four bedroom purchase The Hayworth (1289 Lexington Avenue) – 4% One West End – 4% The Park Loggia (15 West 61st Street) – 4% Waterline Square (10 Riverside Boulevard, 30 Riverside Boulevard, 635 West 59th Street) – 4% Midtown 50 United Nations Plaza – 4%; sponsor funded carrying cost subsidy until June 2022 30E31 – 4% with 50% commission paid upon contract signing, sponsor to pay mansion and transfer taxes for all contracts signed 53W53 – 1% advanced commission paid upon contract signing 100 East 53rd Street – 3.5% The Bryant (16 West 40th Street) – 4% for all contracts signed through October 31 Charlie West (505 West 43rd Street) – 4%; sponsor paid city and state transfer taxes Fifty Third and Eight – 4% until October 31 One United Nations Park (695 First Avenue) – 4% on contracts signed by December 31 Manhattan View (460 West 42nd Street) – 4% until November 30 The Revere (400 East 54th Street) – Purchaser can choose between three year common charge credit or new 4 door in-stock Class A Mercedes Benz prepaid two year lease with one year parking spot Downtown 25 Park Row – 3.5% for first deal, 4% for second deal, 4.5% for third deal for contracts signed in 2019 30 Park Place – 4% 30 Warren – 4% including 1% upon signing for any contracts signed through December 31 34 Prince – 4% 55 West 17th Street – 4% on residence 704 75 Kenmare – 4%; 50% off parking for ten years for select purchasers 80 East 10th Street – 4% 88&90 Lex – 4% through October 31 91 Leonard – Sponsor to pay three years of common charges and real estate taxes for contracts signed from September 7 to October 6 77 Charlton – Sponsor to pay three years of common charges and real estate taxes for contracts signed from September 7 to October 6 77 Greenwich – 4% including 1% upfront for contracts signed through December 1 © 2019, The Corcoran Group. All information is compiled using data aggregated by Corcoran from sources deemed reliable. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. Above Standard Commissions and Incentives October 2019 Downtown Continued The Broad Exchange Building (25 Broad Street) – 3.5% for second deal and 4% for third and all subsequent deals 100 Barclay – All new increases in mansion and transfer tax to be paid by sponsor when close before Thanksgiving; 3.5% for second deal, 4% for third deal, and 4.5% on all subsequent deals 100 Norfolk Street – 4% 101 Wall Street – Monthly common charges reflect a 5 year sponsor abatement 121 E 22nd – Sponsor to pay three years of common charges for contracts signed from September 7 to October 6 130 William – 4%, 50% paid upon contract signing for 2 plus bedrooms 152 Elizabeth – 4% on residence 4 and 2E 196 Orchard – One year membership to the on-site Equinox at closing 242 Broome – 4% 277 Fifth Avenue – 4% on any new signed contracts signed on floors 33 and up 287 East Houston – 4% and three year sponsor common charge subsidy 515 West 29th Street – 4% and two years common charges paid 520 West 28th Street – 4% until December 31 570 Broome – 4% CODA (385 First Avenue) – 4%, three years common charges and real estate taxes paid on all two bedroom sales by October 31 The NOMA (50 West 30th Street) – 4% SoHY | South of Hudson Yards (550 West 29th Street) – Sponsor paid two years common charges Uptown Manhattan / Brooklyn / Long Island City 11 Hoyt – 3% advanced commission on two, three, and four bedroom residences paid upon contract signing before January 1, 2020; 1.5% advanced commission on studios and one bedrooms paid upon contract signing by October 31 34 Maspeth Avenue – Sponsor paid first 6 months of common charges and $15,000 bonus at closing to buyer's agent 161 Dunpont Street – 4% 190 South 1st Street – 3.5%; $50K closing credit for the PH 210 Pulaski Street – On offers at asking, sponsor paid $25,340 credit at closing and sponsor to cover most closing costs 311 Hart – Net effective Real Estate Taxes for 1 year at set forth charges by way of Sponsor incentive of 1 year of real estate taxes paid in consideration of full ask offers 1399 Park – 4% The Independent (42-14 Crescent Street) – Sponsor to pay 100% buyer’s closing costs for the first eight fully executed contracts; 50% of commission paid at contract signing Skyline Tower (23-15 44 Drive) – 50% commission paid upon contract signing until October 31 Vernon III (5-30 47th Avenue) – Sponsor to pay city and state transfer taxes and two years of common charges on final residence 3B © 2019, The Corcoran Group. All information is compiled using data aggregated by Corcoran from sources deemed reliable. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. .