[AsburyPark] Re: FYI - Values and Waterfront

2007-04-30 Thread oakdorf

> I visited the Esperanza sales center this past weekend. The sales lady
> said they had sold 30 in the first 3 weeks. Not bad if true.

not bad for 2 weeks. I almost believe it. The es has a design/look.
The next question - how many are being purchased by investors looking
to  flip? I know of 2 so far. 30 sold 194 to go.




 
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[AsburyPark] Re: FYI - Values and Waterfront

2007-04-30 Thread jerseyjohn99
--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote:
>
> 
> > I visited the Esperanza sales center this past weekend. The sales 
lady
> > said they had sold 30 in the first 3 weeks. Not bad if true.
> 
> not bad for 2 weeks. I almost believe it. The es has a design/look.
> The next question - how many are being purchased by investors 
looking
> to  flip? I know of 2 so far. 30 sold 194 to go.
>

Ever the optimist Oak. Metro's whole purpose of the fabricated 
birthday party to coincide with the opening of the sales office was 
to let the people clamoring to get into the Esperanza drop their 
deposits down. Three weeks later people who wanted a spot have gotten 
it, and the "sales staff" is going to have to work a lot harder to 
sell the other 87% of the units. There is no sense of urgency for a 
buyer, and prospective buyers can now wait until people are actually 
in & boardwalk amenities have opened before they tie up their cash 
with a down payment. 

Even Westminster claimed 50% were sold in the first month: 
http://asburypartners.com/westminster_050906.html

I'd be willing to bet more money was made selling the rusted steel 
from C8 than these 30 units. I'd hate to be MetroHomes when their 
line of credit comes up for renewal if they are still sitting at 
preconstruction occupancy of 13%.



 
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[AsburyPark] Re: FYI - Values and Waterfront

2007-04-30 Thread arhythmick

I visited the Esperanza sales center this past weekend. The sales lady
said they had sold 30 in the first 3 weeks. Not bad if true.




--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote:
>
> - and read this part
> "It was artificial demand," Goodkin said, adding that condos in those
> overbuilt locales are "a long way from seeing a recovery."
>
> In Miami, one of the most overbuilt markets, about 30,000 condos are
> under construction, both on the waterfront and near it. Many of the
> buyers of these units signed on at peak prices. The question being
> asked now: How many will show up at the closing table?<<<
>
> Actually, the greater miami area has around 70,000 units coming on.
>
> This is the big issue - who will close?
>
> Apparently The Esperanza has had a good opening - not sure on sales,
> but interest is prety good.
>
> as for the agent in spring lake, he should take another drive along
> Ocean Ave, there are quite a few that have been on the market for over
> 1 year. Last I looked, I don't quite have 5m to knock one down and
> rebuild or to shell out 6-$10 to be in Spring Lake. YOu can get a 5
> bedoom oceanfront in Long branch for $2.5or rent.
>





 
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[AsburyPark] Re: FYI - Values and Waterfront

2007-04-30 Thread oakdorf
- and read this part
"It was artificial demand," Goodkin said, adding that condos in those
overbuilt locales are "a long way from seeing a recovery."

In Miami, one of the most overbuilt markets, about 30,000 condos are
under construction, both on the waterfront and near it. Many of the
buyers of these units signed on at peak prices. The question being
asked now: How many will show up at the closing table?<<<

Actually, the greater miami area has around 70,000 units coming on.

This is the big issue  - who will close?

Apparently The Esperanza has had a good opening - not sure on sales,
but interest is prety good.

as for the agent in spring lake, he should take another drive along
Ocean Ave, there are quite a few that have been on the market for over
1 year. Last I looked, I don't quite have 5m to knock one down and
rebuild or to shell out 6-$10 to be in Spring Lake. YOu can get a 5
bedoom oceanfront in Long branch for $2.5or rent.







 
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[AsburyPark] FYI - Values and Waterfront

2007-04-30 Thread dfsavgny
Waterfront Homes Seen Weathering Housing Market Storm
By Marilyn Alva
Investor's Business Daily, April 12, 2007 

When it comes to selling a home, real estate agents like nothing 
better than the sound of a simple word: waterfront. 

In a business that's all about location, the waterfront has long been 
considered the most desirable real estate. But have fiercer 
hurricanes, floods, rising insurance costs and the softening housing 
market battered the value of waterfront homes? 

While conditions vary from market to market, real estate experts 
agree that values still do generally hold up better on the water — 
whether the water is an ocean, bay, river or lake. 

"They appreciate faster in good times and decline in value at a 
slower rate in bad times," said Alan Hummel, past president of the 
Appraisal Institute and chief appraiser of Forsythe Appraisals. 

Buoyant Market 

The reasons are simple. A growing number of people still want to live 
on the water for the views, recreation and sense of privacy. Yet the 
supply of waterfront homes continues to shrink, exacerbated by local 
efforts to limit development on the shoreline. 

That has muted the housing slowdown's effect on waterfront 
properties, says Kenneth Lusht, a real estate professor at Florida 
Gulf Coast University in Fort Myers. 

"In general, shore properties have been less adversely affected than 
nonshore properties," he said. "For example, in Southwest Florida the 
impact on shore properties is one-fourth that of other properties." 

But there is a downside. Homeowners in flood zones in Florida and 
other hurricane-belt coastal areas such as the Gulf Coast have seen 
their insurance premiums skyrocket. That puts a damper on 
the "marketability" of such homes, says real estate adviser Lewis 
Goodkin, president of Goodkin Consulting. 

It might take a while longer to sell, he says, but buyers will cough 
up the higher insurance premiums for such homes "when there's not a 
whole lot to choose from." 

"There are more people with wealth and big incomes than any time in 
our history, yet the opportunities (to buy on the waterfront) are 
less," Goodkin said. 

Surge Despite Storms 

Storms won't keep the coastal market down, experts say. Robert 
Hartwig, president and chief economist with the Insurance Information 
Institute, told a U.S. Senate committee on Wednesday that the value 
of insured coastal property "will double" within the next decade. 
Hartwig cited a growing number of people who want to live in coastal 
areas, including hurricane belts. 

For now, the supply-demand imbalance is especially pronounced in the 
market for single-family homes on the water. These homes and 
townhomes on the water have shown the greatest resistance to price 
depreciation, real estate sources say. 

Such waterfront homes generally command prices 7% to 9% more than 
those off the water, Hummel says. But homes with stunning water views 
can go for twice as much as similar homes with no water views, he 
says. 

In San Diego, the coastline is dotted with single-family homes. 
Little land is left to develop. Waterfront homes are selling at 
prices about the same as eight months ago, says Sara Schwarzentraub, 
an appraiser with Interstate Appraisal Service. But homes east of 
Interstate 5 — those farther inland — are down 3% to 5% from the 
first quarter of 2005, she says. 

"Sales activity has picked up this quarter vs. the same time last 
year," Schwarzentraub said of beachfront homes. Only high-end homes 
priced at $10 million or more are taking longer to sell, she says. 

Schwarzentraub adds that she considers single-family coastal homes in 
San Diego to be "housing recession-proof." She says that foreign 
buyers of such waterfront homes are helping to bolster the market. 

That's not the case in overbuilt waterfront condo markets in downtown 
San Diego, the Miami area and other parts of Florida, where 
speculators and other investors bid up prices on tens of thousands of 
new units to unsustainable levels. 

"It was artificial demand," Goodkin said, adding that condos in those 
overbuilt locales are "a long way from seeing a recovery." 

In Miami, one of the most overbuilt markets, about 30,000 condos are 
under construction, both on the waterfront and near it. Many of the 
buyers of these units signed on at peak prices. The question being 
asked now: How many will show up at the closing table? 

"Water is the single most desirable asset, but when you have high 
levels of speculation you're going to have significant adjustments as 
the buildings are completed," Goodkin said. "There's nothing magic 
about water when you have more supply than demand." 

The greatest resistance to price declines in a slowing housing market 
is in popular areas with limited supply and where buyers are users, 
not simply investors, Goodkin says. He cites such places as Palm 
Beach, Fla., Fisher Island in the city of Miami Beach and the 
Southern California coastal locales of San

[AsburyPark] Overlook Park

2007-04-30 Thread carlchesna
Found this on the city's website today - FYI
PLEASE TAKE NOTICE that on the 9th day of May, 2007 at 6:00 P.M. a 
Public Hearing will be held in City Council Chambers, located in City 
Hall, One Municipal Plaza, Asbury Park, New Jersey regarding the City 
of Asbury Park's application to the New Jersey Department of 
Environmental Protection Green Acres Program for a corrective amendment 
to the Asbury Park Recreation and Open Space Inventory. The amendment 
will remove a 25' by 100' portion of Block 117 Lot 1, commonly known as 
500 Cookman Avenue or Overlook Park. The portion which is the subject 
of the application is located on the southwest corner of the property 
and lies beyond the sidewalk west of Overlook Park and bordering on a 
vacant lot currently used for parking on the east side of Moonstruck 
Restaurant. 

Thanks, Carl Chesna, PruZack, 605 Lake Ave.



 
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Re: [AsburyPark] Re: Old Railway Station

2007-04-30 Thread Allan Peterson
Is that the building currently all fenced in?  I saw that this weekend and 
wondered if it was going to be knocked down or something



- Original Message 
From: oakdorf <[EMAIL PROTECTED]>
To: AsburyPark@yahoogroups.com
Sent: Monday, April 30, 2007 3:16:07 PM
Subject: [AsburyPark] Re: Old Railway Station

the building in front that was once verizon/probaton dept was owned by 
Todd Katz of siperstein fame. The original ask was $1.5m.




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[AsburyPark] Re: Old Railway Station

2007-04-30 Thread oakdorf
the building in front that was once verizon/probaton dept was owned by 
Todd Katz of siperstein fame. The original ask was $1.5m.





 
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[AsburyPark] Re: Old Railway Station

2007-04-30 Thread dfsavgny
--- In AsburyPark@yahoogroups.com, "paulvail1964" <[EMAIL PROTECTED]> wrote:
>
> I heard through the grape vine that the old railway station and the 
> brick building in front of it were purchased by the Visiting Nurses 
> Association.
> 
> I also heard that the old North Train Station is not landmarked.  
Can 
> this building be torn down?  
> 
> If so, what pity.  It is a great building.  I used to work there 
when I 
> was employed by Donaldson.
> 
> Again, this may not all be true.  I know there are a lot of 
passionate 
> preservationists on this list who may be able to find out more 
about it.


That was my site for Trader Joe's





 
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[AsburyPark] Old Railway Station

2007-04-30 Thread paulvail1964
I heard through the grape vine that the old railway station and the 
brick building in front of it were purchased by the Visiting Nurses 
Association.

I also heard that the old North Train Station is not landmarked.  Can 
this building be torn down?  

If so, what pity.  It is a great building.  I used to work there when I 
was employed by Donaldson.

Again, this may not all be true.  I know there are a lot of passionate 
preservationists on this list who may be able to find out more about it.

Best,

Paul Vail



 
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[AsburyPark] Trees and Lights

2007-04-30 Thread dfsavgny
Werner, I respect your sensitivites, especially when I look how 
commercial businesses have taken over the public ROW on Asbury Ave. It 
looks terrible. However, yesterday I saw the new trees planted around 
Sunset Lake. They look great. So does the lighting on Mattison Park. 
Keep up the viligence.



 
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[AsburyPark] Re: it takes a lot to laugh, it taks a train to cry

2007-04-30 Thread dfsavgny
--- In AsburyPark@yahoogroups.com, [EMAIL PROTECTED] wrote:
>
> 
>A while back there was constant harping at the steinbach building 
progress. Do any of you nay-sayers have any idea how difficult that 
project was to build? I walked through Steinbach's the other night, I 
build projects 1/10th the size of that and it is an impossible task. 
Combine that with having had to work with a building department that 
had their own agendas and it's a miracle that the building is so close 
to occupancy.

Well that falls back on the city again. The lack of progress in the 
redevelopment zone is disgraceful. No excuses. If it is the developers' 
fault, then they should learn how to develop.





 
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[AsburyPark] Re: Blinded By The Light

2007-04-30 Thread rook782
--- In AsburyPark@yahoogroups.com, "asburycouple" <[EMAIL PROTECTED]> 
wrote:
>
> This may be one of the more arrogant statements I've seen in a 
long 
> time...
> 
> 
> > 
> > I "SEE" more around this City then most likely anyone around.
> > 
> > Its a curse, At times I wish I were ignorant and happy.
> > 
> > Werner
> >
>
I don't think it is arrogant.  The devil is in the details. I'm sure 
Werner gets driven nuts on a weekly if not daily basis by what 
people and companies are doing to the city.  In addition, he must 
constantly debate himself and others on what course is best for the 
city. a task I would not relish. Werner is officially or not the 
best we have in both knowledge and expertise as the city historian.  
Is it any wonder James Bradley felt the same way as his city was 
changing, for the worse I might add.



 
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[AsburyPark] This Sun. 5/6: Cabaret benefit for the AP Historical Society

2007-04-30 Thread Brett Lowell
On Sunday May 6 at 2:00 will be the Second Annual Cabaret benefit 
for the AP Historical Society. Because it was such a smash hit last 
year at Red Fusion (over 200 people came), we've had to move it to 
the Circuit, which has more room!

Admission ($20 adv/$25 door) includes not only a fab show, but also 
great food donated by area restaurants, and lots and lots of door 
prizes donated by area shops and restaurants. The performers were 
drawn from the rich pool of Asbury Park talent. It's not to be 
missed! Ask someone who was there last year. 

Info is below. Tickets can be obtained by calling Roy Werts 
732.642.7921, or at Apex Gallery, Moxie, or Trillium Antiques. 
Please come show your support and forward this info on to friends 
outside the list!

CABARET @ CIRCUIT
 
An afternoon of entertainment, food, and door prizes!
 
Sunday, May 6  2:00 - 5:00 PM
The Circuit Nightclub
Corner of 2nd and Kingsley Ave, Asbury Park

Produced by Mikell Towery and Roy Werts
 Conceived by Bob Egan and Brett Colby

featuring:
Bob Egan at piano
Brett Colby as your emcee

with:
Michael Traupman
Jane Arthur
Susan Speidel
Brett Lowell
Jill Sentino 
William Whitefield
and Brandon Allen

 http://www.asburyparkhistoricalsociety.org/  
Contact Roy Werts for tickets:732.642.7921, or at Apex Gallery, 
Trillium Antiques, or Moxie.
 

$20 in advance / $25 at the door 
Buffet meal • Cash Bar
Cocktails and meal beginning at 2pm
Showtime: 3:15

Brett Lowell





 
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[AsburyPark] Re: it takes a lot to laugh, it taks a train to cry

2007-04-30 Thread 2fine4u
It's like an attempt in futility!  Thanks, for including me, in this
illustrious group of people!  It's also people like you, who really
make a difference and make me glad that I live here, trying to hang in
there, etc.  It's not easy, when you feel like you're just "out there"
alone!  No matter what happens, I still wish for a positive outcome in
the City, that will benefit and enhance the quality of life, here. 
It's what we ALL, strive for!  I'm always disheartened, by those that
litter, then wonder why this place, can be a "dump", in more ways than
one!  Going to put a pair of rubber gloves in my car and stop, when I
see this filth!  In Europe, you don't see one scrap of paper or waste,
on the ground, or in the streets.  There are certain areas, you don't
see it here, either, like lower Sunset Ave., 8th Ave., 7th, some areas
of Webb St., but then there are certain sections of streets, that make
you feel as though, it's a "garbage dump"!  My street is swept, every
other day and there's alternate side of the street parking, on these
days.  The City does a great job, so my beef, is not with our workers,
it's with people, who have no pride in themselves.  We're doing some
things right, like electing qualified individuals, to "correct" the
mistakes, made by former boards, former administrators, etc.  In that
regard, I think the City will move forward.  Weeding out corruption,
should be paramount, in any town!  When you read some of the saleries,
earned by those caught,  with their hands in the till, it has to be
GREED!  We lose, kids and seniors lose and it just gives us, another
Black Eye! One day, we will all have to stand and give account, for
not helping the poor, or feeding the hungry, because a few people with
power and manipulation, of the press, always get their way, then cry
"foul", when they feel their civil rights, are being trampled on.
Anyway, again thanks!  If someone knows where I can get a replica, or
reasonable facsimile, of the Carousel, displayed for the 110th, please
send details.  I want to use the carousel image, when I become State
President, for my organization and order pins and give-aways, for my
installation.  Should I contact Jewell Marketing?  I really would like
everyone to wear those great, T-Shirts, that promote Asbury Park. 
Thanks in advance,
S

  --- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote:
>
> It takes the hinges, the werners, nevin, franks, sharons, sackman,
> every business owner and yes even larry to take this city to the next
> level. To do so, they have had to deal with the OLD city politics and
> get past it by using patience and common sense - and not being afraid
> of speaking up and taking the challenge presented by some with power
> they simply shouldn't have. And there are plenty of hard working, good
> city employess who will go beyond and around to help, while others
> will simply look u in the face and tell you no - basically telling u
> to go f yourself.
> 
> So it has taken this long for some good new people to buy in to old
> bs, take the challenge and roll along, despite the negative comments,
> the setbacks, the money and the politics that still plague the city.
>




 
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