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DeFalco Realty Report – June 12th Newsletter

FEATURED LISTINGS

399 14th St A Brooklyn, NY 11215

4 BEDS 3 BATHS 1,882 Sq Ft

LISTING PRICE: $2,499,000

This exquisite town hall house in Park Slope, Brooklyn was built in 1882 and offers 4 bedrooms, 3 bathrooms, a separate 1-bedroom rental unit, and a rare yard space. Located in a prime area with easy access to transportation, this property seamlessly blends historical charm with modern amenities, making it the perfect place to call home.

Click Here To View 

183 Arbutus Ave Staten Island, NY 10312

4 BEDS 5 BATH 2,838 Sq Ft

LISTING PRICE: $1,379,999

This is a newly constructed 2-family home in SE Annadale with well-appointed amenities, including crown moldings and radiant heat throughout. It has a spacious kitchen, family room, formal living room, and dining room. The second floor has a large master suite, two additional bedrooms, and a laundry room. The finished basement includes a 3/4 bath. The house also has a detached garage and a 1-bedroom apartment. Additional amenities include a 4KW solar panel system, a deluxe Trex deck, custom moldings, a premium bathroom, and over 140 recessed lights.

Click Here to View 183 Arbutus Ave

841 Naryshkin Way Toms River, NJ 08753

6 BEDS 7 BATHS 4,200 Sq Ft

LISTING PRICE: $1,429,000

Welcome to The Estates at Brookside! This new construction is located in the up-and-coming Brookside section of Toms River. The house features 6 bedrooms, each with its own private bathroom, spacious closets, and ample natural light. The kitchen and dining rooms are perfect for entertaining. The property is in a tree-lined cul-de-sac, with plenty of room for a pool in the backyard. It’s just 8 minutes to the beach, Parkway, and great local restaurants! Ask about the 2-1 temporary buy down

Click Here to View 841 Naryshkin Way

OUR LATEST BLOG

6 Facts Every First Time Buyer Should Know In 2024

Unsure where to start when buying your first home? This guide breaks down the top 6 things every first time home buyer needs to know, from budgeting and pre-approval to inspections and closing costs. Learn how to navigate the home-buying journey with confidence!

Read More

What is Today’s Mortgage Rate?

30-year fixed-rate mortgage:

  • Today. The average APR for the benchmark 30-year fixed-rate mortgage remained at 7.50%

15-year fixed-rate mortgage:

  • Today. The average APR on a 15-year fixed-rate mortgage is 6.75%.

30-year fixed-rate jumbo mortgage:

  • Today. The average APR on the 30-year fixed-rate jumbo mortgage is 7.49%

UPCOMING EVENTS

Father’s Day at Jenkinsons

Celebrate Father’s Day with us! FREE ADMISSION for Dads on Sunday, June 16th, with paying child at the following attractions: Amusement Park, Aquarium, Adventure Lookout Ropes Course, Castaway Cove Mini Golf and Lighthouse Point Mini Golf, and the Fun House.

*weather permitting

Father’s Day Buffet

Give Dad the royal treatment with our unforgettable barbecue-inspired buffet!

It will be available Sunday, June 16th, from 11:00 a.m. to 4:00 p.m. Reservations are required, and a 90-minute seating limit is requested.

6 Facts Every First Time Buyer Should Know In 2024

So, you’ve decided to take the plunge and buy your first home on Staten Island? Congratulations! Staten Island offers a variety of affordable houses, beautiful parks, plenty of shopping, great schools and easy access to Manhattan, Brooklyn and New Jersey, making it a great place to settle down and grow your roots.

But, as a first-time homebuyer, navigating the process can feel overwhelming. Here are the top 6 things to keep in mind:

1. Budget Like a Boss

Staten Island has many housing options. Still, in New York, housing prices tend to be higher than the national average. Be realistic about your budget. Look into the local real estate statistics. For instance; you may want to check out homes for sale in the Oakwood neighborhood if your budget is in the $650,000 – $700,000 range for a semi-attached home. Let’s say your budget is in the $700,000- $850,000  range, then you might consider the New Brighton neighborhood. It’s not just the purchase price but also ongoing costs like property taxes, homeowners insurance, and maintenance that you must also consider. A good rule of thumb is to spend at most 25% of your gross monthly income on your mortgage payment.

2. Get Pre-Approved for a Mortgage

Before you start house hunting, get pre-approved for a mortgage. This pre-approval shows sellers you’re a serious buyer and helps you understand how much you can afford and what price-range you can look at. The pre-approval process typically involves providing documentation of your income, assets, and liabilities to a lender. We have proudly joined forces with Think Mortgage to help our clients have an all-in-one experience. Think Mortgage will help you:

  • Get Pre-Approved

  • Determine your monthly mortgage budget

  • Generate a Free Credit Report and guide you to improve your credit score, if needed. 

  • Work to resolve any issues that arise on your credit report

  • Help to determine the best type of mortgage (Conventional / FHA / VA)

  • Shop your mortgage with multiple lenders to ensure the lowest interest rate

  • Package all of your documents together and submit them to the bank

  • Work with the bank on your behalf to get your mortgage approved

  • Schedule and attend your closing. 

Here’s a breakdown of some standard home loans in NYC to help you choose the best fit:

Conventional Loan

  • Overview: Private lenders offer the most common loan type, not government-backed.

  • Qualifications: Requires a good credit score (typically 620 or higher), a minimum down payment (usually 3-20%), and a steady income.

  • Benefits: Often offers the best interest rates, especially for those with strong credit.

  • Drawbacks: Requires a larger down payment than some government-backed options.

Government-Insured Loans

  • Overview: Backed by the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). These loans offer more relaxed credit score requirements and lower down payments.

  • Types:

    • FHA Loan: Ideal for first-time homebuyers with a lower credit score (could be as low as 500 with a 10% down payment). Requires private mortgage insurance (PMI) unless you reach 20% equity.

    • VA Loan: Exclusively for veterans, active-duty military personnel, and some surviving spouses. This option offers low or no down payment and no PMI.

  • Qualifications: The credit score requirements for VA loans are lower than those for conventional loans (FHA: min. of 500 with 10% down payment, VA: varies). However, there are specific eligibility requirements for VA loans based on military service.

  • Benefits: Lower down payment requirements and more flexible credit score options.

  • Drawbacks: FHA loans may have higher interest rates than conventional loans. They require PMI until reaching 20% equity. VA loans have funding limits and may involve specific property types.

Jumbo Loan

  • Overview: Designed for homes exceeding the conforming loan limit set by Fannie Mae and Freddie Mac.

  • Qualifications: Requires a strong credit score (typically 680 or higher), a significant down payment (often 20% or more), and proof of substantial assets.

  • Benefits: Allows financing for more expensive properties.

  • Drawbacks: Stricter requirements and potentially higher interest rates compared to conforming loans.

Choosing the Right Loan

The best loan for you depends on your individual circumstances. Consider your credit score, down payment savings, and the type of property you’re interested in. It’s wise to consult with a mortgage lender to discuss your options and get pre-approved for a loan. This will give you a clearer picture of your budget and strengthen your position as a buyer.

3. Find Your Real Estate Dream Team

An experienced real estate agent is your partner during the home-buying journey. They’ll help you find homes that meet your criteria, negotiate the purchase price, and guide you through closing. Look for an agent familiar with the Staten Island market and with a strong reputation. At Robert DeFalco, we take pride in our company’s top-notch services. Therefore, our agents consistently ask for client feedback, not only to demonstrate a job well done but to obtain knowledge on how to raise our standard of service to our clients to an even higher level consistent with what one should expect from Staten Island, Brooklyn, and New Jersey’s #1 real estate firm.

4. Closing Costs: What You Need to Know

Closing costs are the fees associated with finalizing the purchase of your home. These can vary depending on location and purchase price but typically range from 2% to 5% of the purchase price. Be sure to factor these costs into your budget.

5. Inspections and Appraisals: Peace of Mind Before Signing

Before you close on a home, you’ll need to have it inspected by a qualified professional. This home inspection will identify any major and/or minor repairs that may be necessary, and in most cases a termite inspection. 

6. Don’t Forget the Extras

Beyond the purchase price and closing costs, buying a home involves additional costs. These include moving expenses, homeowners insurance, and property taxes. Be sure to factor in these costs when budgeting for your new home.

Bonus Tip: First-Time Home Buyer Benefits!

First-time home buyers may have some incentives which might include down payment and closing cost assistance. Speak with your realtor or lender to see if you qualify.

DeFalco Realty Report – June 6th Newsletter

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FEATURED LISTINGS


412 Albourne Avenue, Staten Island, NY 10309

5 BEDS 5 BATHS 5,197 Sq Ft

LISTING PRICE: $1,999,000

This property is a brick Two Family Center Hall Colonial with recent upgrades, including a heated salt-water Gunite pool, new pavers, vinyl fence, roof, double entry wrought iron doors, hardwood floors, and new baths. It features a formal living room, family room with a wood-burning fireplace, dining room, eat-in kitchen, study room, laundry room, and new 3/4 bath. The second floor has a primary bedroom with an ensuite bath, two additional bedrooms, and another new 3/4 bath. There’s also a spacious apartment above the garage. The basement offers an entertainment area with a full bath and access to the yard. The property is conveniently located near shopping, restaurants, parks, beaches, express buses, and highways to NJ, Brooklyn, and Manhattan.

Click Here To View

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342 97th St , Brooklyn, NY 11209

6 BEDS 3 BATH 3,811 Sq Ft

LISTING PRICE: $1,648,000

An oversized, legal, solid brick three-family home in Bay Ridge. It features spacious apartments on three levels, including a 3-bedroom, a 2-bedroom, and a 1-bedroom unit with a bonus room. Each unit has ample closet space, and the multi-bedroom units include large family rooms and extra-large bathrooms with stand-alone showers. Charming features include old-world brick, wood floors, high ceilings, and moldings. There’s a built-in 2-car garage, driveway parking, and a large backyard with separate access from the ground-level apartment. New high-end windows have been installed. Conveniently located near public transportation, shopping, and restaurants, this unique investment property won’t last long.

Click Here to View

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6 Country Club Ln, Colts Neck, NJ 07722

5 BEDS, 6 BATHS, 4.51 ACRES

LISTING PRICE: $2,850,000

Luxurious 4-sided brick mansion in Colts Neck golf course community. Grand 2-story Reception Hall, Viking/Sub-Zero/Asko kitchen, massive Family/Great Room, Bar Room, banquet-sized dining room, two home offices. Breathtaking Master Suite, 4 additional bedrooms. Vast rear yard with elevated patio, in-ground pool with spa, and lush greenery. High ceiling Walkout Basement ready for finishing.

Click Here to View

THINK MORTGAGE

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Think Mortgage Loan Officer covering

Anthony Focca President

Larry Ambrosino Vice-President

Daniel Boxman Senior Loan Officer

Thomas Barnes Senior Loan Officer 

David Biondi Senior Loan Officer

Tracey Watler Loan Officer

Location: 1678 Hylan Blvd. Staten Island, NY 10305.

We are located on the second floor at the Robert DeFalco’s Hylan Blvd. location, please stop by and visit if you are in the building. 

Keep an eye out for our monthly Lunch & Learns at the Hylan Blvd. Location and Seguine Ave.

If you need any in-house marketing materials let us know we are available to cover any of your events.

24/7 pre-approvals

Contact your Loan Officer for more information!

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In The Spotlight

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Robert DeFalco Realty Champions the GRACE Foundation Gala

Robert DeFalco, owner/operator of the biggest real estate firm in Staten Island, Robert DeFalco Realty, reaffirmed his commitment to community service by sponsoring a table at this year’s GRACE Foundation Gala. The GRACE Foundation of New York is dedicated to enhancing the lives of those affected by ASD through a variety of programs and services. These include day habilitation, community habilitation, and respite services, all designed to support and empower individuals with autism and their families. The annual gala is a key event for the foundation, raising essential funds to sustain and expand its initiatives.

Read More

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These 8 Levers Of Organizational Culture Will Drive Great Performance

“You need to be professional, have integrity, and work within great ethics — particularly if you work in a highly regulated space. You must treat people well, appreciate them and reward good behavior internally and externally. The customers’ and clients’ best interests must be considered first and foremost. Honesty, respect and ethical service can become any great company’s hallmark if done correctly. At the end of the day, your personal values reflect how you approach your business.”

This article underscores organizational culture’s critical role in driving employee productivity, engagement, and retention, with 90% of business leaders acknowledging its increasing importance in the current business climate. Robert DeFalco, president and owner of Robert DeFalco Realty, is cited for his insights into the levers of organizational culture, emphasizing the need for professional integrity, ethical service, and prioritizing clients’ best interests. The article identifies eight levers, including how leaders set direction, achieve and reward results, lead, form relationships and networks, communicate, compete, learn, and approach change. It highlights the complexity of these cultural levers and the importance of a tailored approach based on an organization’s unique goals and values.

Read More

What is Today’s Mortgage Rate?

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UPCOMING EVENTS

The Governors Ball

NEW YORK’S BIGGEST PARTY

60+ of the world’s best artists across three stages and the ultimate kick-off to summer in the city.

FLUSHING MEADOWS CORONA PARK

It is one of NYC’s most iconic parks and is only 18 minutes from Penn Station and Grand Central via Long Island Rail Road.

DELICIOUS EATS

Dig into New York City’s favorite restaurants, including select Queens Night Market vendors.

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Hell’s Kitchen Dessert Tour

Dive into the vibrant dessert scene of Hell’s Kitchen on this unique culinary tour. Known for its rich history and delectable sweets, Hell’s Kitchen offers a delicious way to explore the cultural and social fabric of one of New York City’s most famous neighborhoods. Guided by local experts, this tour combines indulgent treats with captivating stories, showcasing how this once gritty area transformed into a culinary hotspot.

DeFalco Realty Report – May 29th Newsletter

FEATURED LISTINGS

545 78th St, Brooklyn, NY 11209

3 BEDS 1 BATHS 1480 Sq Ft

LISTING PRICE: $1,148,888

Welcome to 545 78th St in prime Bay Ridge. This brick one-family home boasts old-world woodwork, built-ins, and molding, especially in the dining room, as well as parquet flooring. Features include a covered front porch, formal living and dining rooms, an eat-in kitchen, three bedrooms, one full bath, access to the roof and attic storage. The full basement has front and back access. The home also has a new roof and heating system. Conveniently located to all amenities.

Click Here To View 

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188 Allison Avenue, Staten Island, NY, 10306

3 BEDS 1 BATH 2,018 Sq Ft

LISTING PRICE: $798,000

Located in the heart of New Dorp. This one-family Cape was expanded in 1978 and spans 2018 sq ft. It sits on a 60 x 100 lot with a built-in garage. The first floor features a large living room with a fireplace, a grand-sized dining room, a huge custom kitchen, a primary bedroom, and a full bath. The second story has two generously sized bedrooms. The full finished basement offers lots of possibilities. This home offers convenience at its best with easy access to public transportation and major shopping centers, and it’s just 10 minutes to the Verrazzano-Narrows Bridge!

Click Here to View

40 Jenna Ln, Staten Island, NY 10304

4 BEDS 7 BATHS 6,600 Sq Ft

LISTING PRICE: $1,239,999

Large center hall colonial for sale near Verrazano Bridge on a quiet cul-de-sac. This custom-built home offers 5 bedrooms, 7 baths, an elevator, 4 CAR garages, and a spacious driveway. It features a 2-story entry foyer, living room, dining room, eat-in kitchen, family room with fireplace, and a balcony on the first level. The second level has 4 large bedrooms with private baths, while the third level boasts a large finished attic with beautiful Verrazano and water views. The basement includes a large family room with a bonus room, half bath, 4 CAR garages, and lots of closets. The sub-basement features a huge indoor pool, gym, entertainment room, yard access, and a utility room.

Click Here to View

Think Mortgage

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OUR LATEST BLOG

Are you ready to start a new chapter in your life? Consider selling your Staten Island home to pursue a waterfront escape, or your growing family needs more space with a lovely 3-bedroom house; we have the perfect match at 29 Station Ave. Whatever your unique situation, understanding your home’s value is the crucial first step on this exciting journey. But where do you start? Don’t worry, fellow Staten Islander! This guide gives you the knowledge and resources to confidently determine your home’s worth in our ever-evolving real estate market.

Read More

What is Today’s Mortgage Rate?

  • 30-year fixed mortgage rates are up slightly from last week (7.44% to 7.52%) and down a bit from yesterday (7.56%).
  • 15-year fixed mortgage rates are also up slightly from last week (6.71% to 6.77%).
  • Jumbo 30-year fixed rates are following a similar trend to the regular 30-year fixed rate (7.52% to 7.57%).

It looks like mortgage rates are fluctuating a little bit but haven’t changed dramatically overall.

UPCOMING EVENTS

Festival of Free Shakespeare in the Park

  • No two performances are the same! Every night brings a fresh dose of spontaneity and unexpected brilliance as the actors embrace the spirit of improv
  • The incredible talent from a cast of the city’s most gifted and daring act
  • Order drinks from the full-service bar during the show and have them delivered right to your seats!

     

    Bird and Nature Walk: Greenbelt Field of Dreams

    Join naturalists Ed Johnson and Ray Matarazzo with Director of Natural Science Colleen Evans on guided walks through the borough of parks.

    Meet in the parking lot on Alaska Place located off Forest Hill Road, just down from Richmond Ave. (Entrance is across Forest Hill Road from Costco.)

Cracking the Code: How to Determine Your Staten Island Home’s Worth

Are you ready to start a new chapter in your life? Consider selling your Staten Island home to pursue a waterfront escape, or your growing family needs more space with a lovely 3-bedroom house; we have the perfect match at 29 Station Ave. Whatever your unique situation, understanding your home’s value is the crucial first step on this exciting journey. But where do you start? Don’t worry, fellow Staten Islander! This guide gives you the knowledge and resources to confidently determine your home’s worth in our ever-evolving real estate market.

Understanding the Staten Island Market:

Staten Island is a place that prides itself on a unique blend of affordability, diverse neighborhoods, and a strong sense of community. Whether you call a modern suburban home in Annadale or a spacious townhome in St. George houses near the Verrazano Bridge that’s a commuter’s dream, local market trends directly influence your property’s value. Here’s what you need to keep in mind:

  • Location, Location, Location: Different areas on Staten Island have distinct price points. Waterfront estates naturally command a higher value than colonial designs further inland. If you want to take your pup to a dog park that is steps away from the beach, maybe consider somewhere near Wolfs Pond Park area. If you seek a place with amenities and no upkeep, perhaps a condo near Elm Park. For Jersey City workers, you might look near the Bayonne Bridge. Research recent sales in your neighborhood to get a feel for the current market.

  • Size Matters: Square footage plays a role but is not the sole factor. Consider the number of bedrooms, bathrooms, and overall living space. Unique features like a finished basement or a sprawling backyard can add value.

  • The Curb Appeal Factor: First impressions matter! A well-maintained exterior with fresh landscaping can significantly enhance your home’s value. Homes with HOAs can peel to your eye if you cannot keep up with lawns or snow removal. Staten Island isn’t shy about landscaping or snow removal. You might even find yourself some neighborhood kids looking to earn a buck.

DIY Detective Work: Online Resources at Your Fingertips

Technology has become our friend in the home valuation game. Starting your research here could help you gain an idea, but you should never base your housing decisions solely on online detective work. Here are some free online tools to get you started:

  • Zillow Zestimate: This popular platform provides an estimated market value based on public data.  There’s a reason the internet is filled with memes about zestimates, they are not accurate, but if you’re looking to get a rough idea then it’s a good place to start.

  • Realtor.com: Similar to Zillow, Realtor.com offers an estimated value based on comparable properties in your area.  Like most online portals, Realtor’s analysis is based mostly on proximity.   This is fine if your home is buried in a massive master planned community but most homes in Staten Island aren’t as cookie-cutter as that.   

  • Staten Island MLS Listings: Dive deeper by browsing current listings for similar homes in your neighborhood. This allows you to see the asking prices and features of comparable properties.   The Staten Island MLS is sponsored by the Staten Island Board Of Realtors and if often called the SIBOR MLS. 

The Power of Professional Insight:

While online tools are a great starting point, they can’t replace the value of a local real estate agent’s expertise. Although these websites are great for a general idea, once you are ready to dive into knowing your home’s worth, we suggest calling one of our agents. Here is online research wont get you:

  • Market Knowledge: Robert Defalco Realty isn’t just a local real estate brokerage, our offices are a landmark.  Our experienced real estate agents at DeFalco have an in-depth understanding of the Staten Island market, including the nuances of different neighborhoods and current trends. When you visit your nearest DeFalco office, our realtors can provide you with valuable tips. While online tools can give you a general idea of a neighborhood, they fall short when it comes to assessing your specific location.

    For example, if your home in Annandale has been on the market for months with no offers, our realtors can explain that while other homes in the area sold for a similar price, they may have had fully detached homes with updated kitchens. In contrast, your home is semi-attached with an unfinished basement. Websites like Zillow, Realtor.com, and MLS can only provide a limited amount of information, often leaving buyers and sellers with unanswered questions

  • Comparative Market Analysis (CMA): This professional service provides a detailed analysis of your home’s value compared to similar recently sold properties.  A comparative analysis takes into account upgrades, size, year built and of course neighborhood norms.

  • Negotiation Prowess: When listing and selling your home, a skilled realtor can negotiate the best possible price on your behalf. Our realtors are your personal detectives. Fear not; we at Robert DeFalco know precisely how to get you the best price for your home.

Prices in Popular Staten Island Neighborhoods

Understanding pricing trends in popular neighborhoods is crucial whether you’re buying or selling a home in Staten Island. Here’s why:

For Buyers:

  • Sets Realistic Expectations: Knowing average prices in your desired neighborhoods helps you budget effectively and avoid overspending. You can identify areas that match your needs and price range.
  • Makes Offers More Competitive: By understanding what similar homes are selling for, you can craft competitive offers that are attractive to sellers. This is especially important in a competitive market.
  • Avoids Overpaying: Knowing the market value helps you avoid situations where you might pay more than a home is actually worth.

For Sellers:

  • Prices Your Home Accurately: By knowing the pricing trends in your neighborhood, you can set a realistic asking price that attracts serious buyers and avoids your home sitting on the market for too long.
  • Maximizes Your Profit Potential: Understanding the market value allows you to price your home competitively while still maximizing your profit.
  • Identifies Potential Bidding Wars: Knowing if your neighborhood is hot can help you prepare for a bidding war and potentially secure a higher selling price.

Let’s explore the pricing points of the top neighborhoods in Staten Island.

Location Meets Learning: Top-Rated Schools in Staten Island

When considering real estate in Staten Island, it’s important to take into account the quality of nearby schools, as this can impact property values. Here are some of the top-rated schools in the area and the neighborhoods they are located in:

  • Staten Island Tech High School is highly regarded, with a national ranking of #50 and the 5th position within New York. It is situated in the New Dorp neighborhood.
  • I.S.7 – Elias Bernstein Middle School is also noteworthy, being ranked #110 out of 1,341 best public middle schools in New York. This school is located in the Princes Bay area.
  • P.S.52 – John C. Thompson Elementary School is another reputable option, holding a ranking of #278 out of 2,460 best public elementary schools in New York. This elementary schools is located in Dongan Hills area. 

While there are excellent schools across Staten Island, some individuals may prefer to buy a home within a specific school district.

Bonus Tip: Enhance Your Home’s Value (Without Breaking the Bank!)

Even minor improvements can boost your home’s appeal and increase its value. Here are a few budget-friendly options:

  • Spruce Up the Curb Appeal: Fresh paint on the front door and a well-maintained lawn can make a difference.

  • Stage Your Home for Success: Declutter and rearrange furniture to create a sense of spaciousness and flow.

  • Minor Repairs: Address leaky faucets or squeaky doors to showcase a well-maintained home.

The Final Verdict: Confidence and Knowledge

By leveraging online tools, consulting a local Staten Island real estate agent, and making intelligent improvements, you’ll be well on your way to determining the worth of your Staten Island. Remember, this knowledge empowers you to make informed decisions as you embark on your next exciting chapter.

 

DeFalco Realty Report – May 22 Newsletter

Our Realty Report

FEATURED LISTINGS

18 Bay 38 St 3b, Brooklyn, NY 11214

3 BEDS 2 BATHS 1,116 Sq Ft

LISTING PRICE: $749,000

Spacious 3-bed, 2-bath condo in Brooklyn with terrace, skylights, and vaulted ceilings. Convenient location near public transportation and shopping. Recent updates and low monthly common charges. Don’t miss out!

CLICK HERE TO VIEW

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4187 Richmond Ave, Staten Island, NY 10312

3 BEDS 3 BATH 2,136 Sq Ft

LISTING PRICE: $1,149,999

This beautiful new construction 2-family home in Eltingville features a 3-bedroom main unit and a 1-bedroom apartment. The main unit includes a large living room/dining room with an electric fireplace, an eat-in kitchen with stainless steel appliances and a family room. The master bedroom has a walk-in closet and a 3/4 bath with a mini spa shower. The finished basement adds almost 600 sq. ft. of living space. The one-bedroom apartment has stainless steel appliances and a mini-split A/C – heating system. Other features include hardwood floors, recessed lighting, and a detached garage

Click Here to View

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970 Manor Rd, Staten Island, NY 10314

6 BEDS 3 BATHS 2160 Sq Ft

LISTING PRICE: $1,179,000

Three-story home recently renovated, offering an excellent investment opportunity. Conveniently located near the expressway and public transportation. This property is a legal two-family residence with an additional space suitable for commercial use, such as a store or professional office, situated on the first floor.

Click Here to View

THINK MORTGAGE

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Get to know your loan officers!

Anthony Focca President

Larry Ambrosino Vice-President

Daniel Boxman, Senior Loan Officer

Thomas Barnes, Senior Loan Officer 

David Biondi, Senior Loan Officer

Tracey Watler, Loan Officer

Location: 1678 Hylan Blvd. Staten Island, NY 10305.

We are located on the second floor at the Robert DeFalco’s Hylan Blvd. location. Please stop by and visit if you are in the building. 

Don’t miss out on our enriching monthly Lunch & Learns at the Hylan Blvd. Location and Seguine Ave. These sessions are designed to enhance your knowledge and skills.

If you need any in-house marketing materials, please don’t hesitate to let us know. We are also available to cover any of your events.

24/7 pre-approvals

Please reach out to your Loan Officer for more information.

OUR LATEST BLOG

Don’t Buy Blind: Why Staten Island Home Inspections Matter

Staten Island’s real estate market offers a unique blend of affordability, diverse neighborhoods, and a strong sense of community. Whether you’re drawn to the luxury homes in Todt Hill, the coastal views of Midland Beach, or the vibrant townhomes of St. George, finding the perfect place to call home is exciting. But before you finalize your Staten Island home, consider scheduling a home inspection – it could be the smartest decision you make throughout the entire buying process. 

Read More

What is Today’s Mortgage Rate?

Mortgage rates inch down slightly this week:

  • 30-year fixed mortgage rates: down slightly from last week (around 7.44%).
  • 15-year fixed mortgage rates: a little lower than last week (around 6.71%).

What this means:

  • For buyers: If you want to buy a home, these small changes might not significantly impact your monthly payment. It’s still a good idea to shop around for the best rates.
  • For sellers: Lower rates can potentially attract more buyers who can afford a mortgage.

UPCOMING EVENTS

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Balloon Story: An immersive experience where Art Meets Air at the Park Ave Armory

Balloon Story is coming to NYC’s iconic Armory Building for just 2 months this summer! Embark on a magical journey through playful exhibits and interactive installations, where larger-than-life, eco-friendly balloon sculptures come to life. Dive into a world where inflatable wonder knows no boundaries.

Early Bird prices available for a limited time!

Highlights

  • Make your summer pop and explore what’s possible with a visit to this limited-time kaleidoscope of air-filled wonder
  • Discover the magic of larger-than-life, eco-friendly balloon sculptures
  • Experience interactive exhibits and mesmerizing hand-crafted air-filled creations
  • Perfect for all ages- with something for everyone to enjoy

Want Tickets?

Tea Around Town: Afternoon Tea Bus Tour in NYC

Luxe Admission – includes a premium-enhanced menu, priority boarding, guaranteed private table seating and your choice of one of our signature non-alcoholic beverages: Refresh Rosé or Mockberry Mint Delight.

Highlights

  • Indulge in our fine selection of tea alongside three tiers of scrumptious scones, sweets, and savory treats.
  • Sip in style with our exclusive Tea Around Town souvenir tea tumbler.

Enjoy the warmth of our temperature-controlled bus as you immerse yourself in live entertainment and narrated views of NYC’s iconic landmarks. Click Here for Tickets

Don’t Buy Blind: Why Staten Island Home Inspections Matter

Staten Island’s real estate market offers a unique blend of affordability, diverse neighborhoods, and a strong sense of community. Whether you’re drawn to the luxury homes in Todt Hill, the coastal views of Midland Beach , or the vibrant townhomes of St. George, finding the perfect place to call home is exciting.But before you finalize your Staten Island home, consider scheduling a home inspection – it could be the smartest decision you make throughout the entire buying process.

Why a Home Inspection Matters

A home inspection is a thorough examination of a property’s condition by a qualified professional.  The inspector will meticulously evaluate the home’s major systems,including:

  • Foundation

  • Roof 

  • Plumbing

  • Electrical Wiring 

  • Heating and Cooling Systems 

  • Appliances.  

They’ll also check for potential safety hazards like mold, infestations, and structural issues.While the initial thrill of finding your dream home might overshadow potential problems, a home inspection can uncover hidden issues that could translate into significant financial burdens down the line.  Here’s why a home inspection is crucial in the Staten Island real estate market:

Uncover Underlying Issues

Staten Island boasts a rich history, with some neighborhoods settled as early as the 17th century like the Billliou-Stillwell-Perine House.  While these older homes offer undeniable character,  a thorough home inspection becomes even more crucial to identify potential issues associated with their age,  like outdated wiring. New York, unlike New Jersey, it’s rare need a radon test or tank sweep, which might be a perk if you are looking to move into Staten Island.   A home inspection ensures you’re making an informed decision about your investment. By being aware of these issues upfront, you can factor in repair costs during negotiations or walk away from a potential money pit.

Negotiation Leverage

The home inspection report becomes a powerful tool during negotiations. If significant issues are identified, you can use the report to justify a lower purchase price or request repairs from the seller. This leverage can save you a considerable amount of money in the long run.

Confidence in Your Investment

 There’s no substitute for the peace of mind that comes with a clean home inspection report. Knowledge is power, with every hidden problem found, you’ll hold the cards in negotiation, with bargaining power unbound. With all the details laid out, you can bargain a lower price, repairs requested, or maybe walk away you might,saving yourself from future woes, and sleeping soundly through the night. Confidence in your investment, that’s the peace of mind you crave. Knowing your Staten Island haven is structurally sound and brave.No hidden monsters, just a space where memories can take root. 

What Staten Island Home Inspectors Look For

Here’s a glimpse into what they typically examine:

  • Foundation: Inspectors will assess the foundation for cracks, water damage, or signs of settling. Given the potential for flooding in some areas, the inspector will also evaluate the drainage around the foundation.

  • Roof: Staten Island experiences all four seasons, so a thorough roof inspection is crucial. The inspector will examine the roof’s material, flashing, and overall condition, looking for leaks or potential water damage.

  • Plumbing & Electrical: The inspector will check for leaks, corrosion, and the overall functionality of the plumbing system. The electrical system will be inspected for outdated wiring, overloaded circuits, and potential fire hazards.

  • Heating & Cooling: Staten Island’s climate necessitates efficient heating and cooling systems. The inspector will evaluate the functionality and efficiency of these systems, identifying any potential problems that could lead to costly repairs.

  • Interior & Exterior: The inspector will examine the overall condition of the home’s interior, checking for structural issues, water damage, mold growth, and potential pest infestations. The exterior inspection will focus on siding, windows, doors, and decks, looking for signs of deterioration or damage.

Finding a Qualified Home Inspector

With so much riding on a home inspection, choosing the right professional is vital.  Here are some tips for finding a qualified home inspector in Staten Island:

  • Licensing and Certification: Ensure the inspector is licensed by New York State and holds relevant certifications.

  • Experience: Look for an inspector with experience working in Staten Island, as they’ll be familiar with the area’s specific housing stock and potential issues.

  • References: Ask our realtors, friends, or family for recommendations. Reading online reviews can also be helpful.

  • Services Offered: Inquire about the specific services included in the inspection. Some inspectors offer additional services like radon testing or mold testing for an extra fee.

Partnering with a Staten Island Real Estate Expert

The Staten Island real estate market offers so many opportunities,  but navigating the complexities of the buying process requires a knowledgeable and experienced guide.  Robert DeFalco Realty, Staten Island’s leading real estate firm, can help you  find your dream home and ensure a smooth buying experience. Wondering if a fixer-upper or a brand new construction is the right choice for you? We’ve got you covered! Check out our insightful blog post that dives deep into the joys of new builds and the charm of vintage homes: New-Build Bliss or Vintage Charm? Our team of dedicated real estate professionals can connect you with qualified home inspectors and provide expert guidance throughout the entire process

 

DeFalco Realty Report – May 13th Newsletter

Featured Listing 

 

55 Prests Mill Rd, Old Bridge, NJ 08857

4 BEDS  3 BATHS .25 ACRES

LISTING PRICE: $899,999

Luxurious home with 4 beds, 2.5 baths, an office, and ample entertaining space. High-end appliances & granite countertops in the open concept kitchen. Solar panels and backup generator provide cost-efficient energy savings. Convenient location close to Route 9, shopping, and transit.

1 Scenic Dr Penthouse 6, Highlands, NJ 07732

1 BEDS 1 BATH  .59 ARCES

LISTING PRICE: $599,000

Luxurious oceanfront penthouse with stunning NYC skyline views. Prestigious high-rise with upscale amenities including fitness rooms, heated pool, tennis courts, and 24-hour security. Meticulously renovated interior with gourmet kitchen and indulgent bathroom.

14 Dole Street, Staten Island, NY 10312

4 BEDS 4 BATHS .10 ARCES

LISTING PRICE: $1,349,999

This is a beautiful new construction 2-family colonial with 4 bedrooms, located in S.E. Annadale. It features formal living and dining rooms, an eat-in kitchen with stainless steel appliances, a family room with an oversized electric fireplace, a finished basement with a studio apartment, and a detached garage.

THINK MORTGAGE

Why Choose Think Mortgage?

  • Client-focused approach: They take the time to understand your individual needs and financial goals.
  • Honest and fair evaluations: You’ll receive a clear picture of your options.
  • Streamlined mortgage process: They handle every step, from application to closing.
  • Weekly updates: Stay informed throughout the entire loan process.
  • Competitive rates: They shop different lenders to secure the best possible interest rate for you.
  • Seamless closing: They’ll ensure a smooth and successful closing experience.
  • Ongoing support: They don’t stop working for you after closing

Technology at Your Fingertips

Think Mortgage leverages technology to provide a convenient and efficient experience. Through their secure website, you can:

  • Submit a complete online loan application.
  • Pre-qualify for a home loan.
  • Explore different financing options with interactive calculators.
  • Compare various mortgage scenarios.

Together, Robert Defalco Realty and Think Mortgage are committed to making your homeownership dream a reality. Contact a Robert Defalco Realty agent today to connect with a Think Mortgage professional and start your journey toward homeownership!

OUR LATEST BLOG

Announcing Updated Detached Home in Westerleigh

Looking for a Staten Island house that’s move-in ready and packed with modern upgrades? We got you covered! This awesome 3-bedroom, 2-bathroom detached home on 254 Dubois Avenue in Westerleigh just hit the market with Robert DeFalco Realty, and it’s seriously amazing.  

Read More

What is Today’s Mortgage Rate?

  • 30-year fixed mortgage rates:
  • Today’s APR: 7.54%
  • Down from 7.68% yesterday (a decrease of 0.14%)
  • No change from last week
  • 15-year fixed mortgage rates:
  • Today’s APR: 6.74%
  • No change from last week
  • 30-year fixed jumbo mortgage rates:
  • Today’s APR: 7.54%
  • Up from 7.50% last week (a slight increase of 0.04%)

Key Takeaways:

  • 30-year fixed mortgage rates are slightly down today compared to yesterday but unchanged from last week.
  • 15-year fixed mortgage rates remain the same as last week.
  • 30-year fixed jumbo mortgage rates inched up a bit compared to last week.

Information has been collected from Forbes. Check out Forbes.com for more information

UPCOMING EVENTS

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Bubble Planet: An Immersive Experience at American Dream

Enter a surreal and colorful world of bubbles

Discover all kinds of bubbles, interact with them, and immerse yourself in a dreamy environment

Go on a journey through 8 rooms, each with a different theme

Travel through fantastic landscapes designed to stimulate the senses

 Enjoy an immersive experience with VR tech, simulators, and illusions.

3 Hour Session at Williamsburg’s Adventure Park Area 53

Unforgettable adventures for the whole family at Adventure Park – Ropes Course, Zip Line, and more activities for everyone to enjoy!

Indoor facility perfect for any weather – beat the cold winter or stay cool on hot summer days with us!

Thousands of 5-star reviews – create everlasting memories at our Adventure Park in Brooklyn, NY!

 

DeFalco Realty Report – May 7th Newsletter

FEATURED LISTINGS

4 Normandy Pl, Colts Neck, NJ 07722

4 BEDS 4 BATHS .99 ARCES

LISTING PRICE: $1,555,999

Stunning custom colonial in Clover Hill, Colts Neck. 4 beds, 2.2 baths, master on 1st floor. 2-story great room, hardwood floors, oversized windows, 3 beds upstairs + playroom/office. Full unfinished basement, 2-car garage, landscaped yard.

3 Mount Kisco Dr, Toms River, NJ 08753

2 BEDS 1 BATH .15 ARCES

LISTING PRICE: $315,000

Fully renovated property on a corner lot with a new roof, kitchen, bathroom, and flooring. Spacious living areas with a bright kitchen, walk-in shower, and ample natural light. Separate laundry room, low HOA fee, and room to fence in the yard.

155 Dahlia Street, Staten Island, NY 10312

4 BEDS 4 BATHS .23 ARCES

LISTING PRICE: $1,239,999

Huguenot Colonial Home: 4+ bedrooms, 4 baths, formal living, sunken family room, large eat-in kitchen, finished walk-out basement, king-sized Master Suite. Renovated baths, hardwood floors, and custom window treatments. Close to shopping, transportation, and schools.

Think Mortgage 

We are excited to share that Robert Defalco Realty has joined forces with Think One Mortgage Inc. as our preferred in-house mortgage lender! This partnership is designed to bring you a seamless and convenient mortgage experience, with Think Mortgage’s commitment to knowledge, transparency, and exceptional customer service. 

Why Choose Think Mortgage?

  • Client-focused approach: They take the time to understand your individual needs and financial goals.
  • Honest and fair evaluations: You’ll receive a clear picture of your options.
  • Streamlined mortgage process: They handle every step, from application to closing.
  • Weekly updates: Stay informed throughout the entire loan process.
  • Competitive rates: They shop different lenders to secure the best possible interest rate for you.
  • Seamless closing: They’ll ensure a smooth and successful closing experience.
  • Ongoing support: They don’t stop working for you after closing.

Technology at Your Fingertips

Think Mortgage leverages technology to provide a convenient and efficient experience. Through their secure website, you can:

  • Submit a complete online loan application.
  • Pre-qualify for a home loan.
  • Explore different financing options with interactive calculators.
  • Compare various mortgage scenarios.

Together, Robert Defalco Realty and Think Mortgage are committed to making your homeownership dream a reality. Contact a Robert Defalco Realty agent today to connect with a Think Mortgage professional and start your journey toward homeownership!

OUR LATEST BLOG

PROS AND CONS OF A STATEN ISLAND FIXER-UPPER

Staten Island’s real estate market offers a blend of affordability, diverse neighborhoods, and a strong sense of community. For first-time homebuyers or those seeking a smart investment, fixer-uppers present an exciting opportunity. These properties, while requiring renovations, hold the potential to be transformed into dream homes at a fraction of the cost of move-in-ready options. But is a fixer-upper the right choice for you? 

WHAT IS TODAY’S MORTGAGE RATE?

  • 30-year fixed mortgage: The average APR dropped slightly today to 7.54% compared to 7.68% yesterday. This is the same rate as last week.
  • 15-year fixed mortgage: The average APR remains at 6.74%, unchanged from both yesterday and last week.
  • 30-year fixed jumbo mortgage: The average APR is now 7.54%, up slightly from 7.50% last week.

Overall, mortgage rates are relatively stable today with some minor fluctuations.

  • 30-year fixed rates are down a bit today but remain the same compared to last week.
  • 15-year fixed rates show no change from yesterday or last week.
  • 30-year jumbo rates increased slightly from last week.

UPCOMING EVENTS

New York Mother’s Day Signature Afternoon Brunch Pier 61

  • Create unforgettable family memories with a New York Mother’s Day Cruise featuring a holiday buffet and breathtaking views aboard.
  • Indulge in a special day of dining, dancing, and spectacular sights with mom on our Signature afternoon brunch cruise.
  • Enjoy an all-inclusive experience with live DJ entertainment, unlimited drinks, and guaranteed seating for your group.

Tickets for Big Bold Red Wines | Wine Tasting

  •  Explore 5 rare, big, bold red wines from Bordeaux, Tuscany, and California
  • Savor a selection of fine cheeses expertly paired to complement the wines
  • Indulge in a range of cured meats and salamis, perfectly matched to accompany the wines
  • Immerse yourself in a wine tasting that’s both fun and educational

The Pros and Cons of Buying a Fixer-Upper in Staten Island

Staten Island’s real estate market offers a blend of affordability, diverse neighborhoods, and a strong sense of community.  For first-time homebuyers or those seeking a smart investment, fixer-uppers present an exciting opportunity.  These properties, while requiring renovations, hold the potential to be transformed into dream homes at a fraction of the cost of move-in ready options.  But is a fixer-upper the right choice for you? 


The Allure of the Staten Island Fixer-Upper

Staten Island boasts a variety of fixer-uppers across different neighborhoods, from charming houses in Lighthouse Hill to spacious detached homes in Westerleigh.  These properties offer several advantages:

Affordability:

Fixer-uppers are generally priced lower than move-in ready homes in the same neighborhood.  This allows you to enter the market at a more accessible price point, allocating additional funds for renovations. 

Customization Potential:

A fixer-upper provides a blank canvas to create your dream home.  From modernizing the kitchen to designing a luxurious bathroom, you can personalize the space to perfectly reflect your taste and needs. 

Increased Equity: 

Investing in renovations can significantly increase the value of your property.  The sweat equity you put into your fixer-upper translates to long-term financial gain. 

Considering the Challenges: Are You Up for the Fixer-Upper Fix?

While the potential benefits are undeniable, fixer-uppers also come with challenges that require careful consideration:

Hidden Costs:

Renovations rarely go exactly according to plan.  Unexpected issues may arise, leading to additional costs.  It’s crucial to factor in a buffer for unforeseen expenses when budgeting for your renovations. 

Time Commitment:

Transforming a fixer-upper takes time and effort.  Be prepared to deal with construction delays and the disruption it can cause to your daily routine. 

Renovation Expertise:

While some DIY projects are manageable, major renovations may require professional expertise.  Factor in the cost of hiring contractors and ensure you find qualified professionals for specific tasks. 

Navigating the Staten Island Market with Confidence

Whether you’re a seasoned investor or a first-time homebuyer, navigating the Staten Island real estate market requires a knowledgeable guide.  Partnering with an experienced real estate agent from Robert DeFalco Realty can make all the difference.  Our team possesses an in-depth understanding of Staten Island’s neighborhoods and can help you identify fixer-uppers that align with your budget, renovation goals, and long-term vision. 

Here’s how Robert DeFalco Realty can assist you in your fixer-upper journey:

  • Market Expertise: We’ll provide insights into current market trends and help you identify fixer-uppers with good potential in desirable neighborhoods. 
  • Renovation Considerations: Our agents can connect you with qualified contractors and renovation specialists, ensuring you have the right team in place to bring your vision to life. 
  • Negotiation Strategies: Our experienced agents will guide you through the negotiation process, helping you secure a favorable price on your fixer-upper.

The Final Decision: Is a Staten Island Fixer-Upper Right for You?

Ultimately, the decision to buy a fixer-upper in Staten Island depends on your individual circumstances, risk tolerance, and renovation capabilities.  If you’re handy and enjoy DIY projects, or you have a clear vision and the budget for renovations, a fixer-upper can be a rewarding investment.

 

(718) 987-7900