[AsburyPark] Re: FYI - Values and Waterfront
> 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. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: FYI - Values and Waterfront
--- 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%. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: FYI - Values and Waterfront
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. > Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: FYI - Values and Waterfront
- 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. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] FYI - Values and Waterfront
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
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. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [AsburyPark] Re: Old Railway Station
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. __ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com
[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. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Old Railway Station
--- 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 Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Old Railway Station
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 Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Trees and Lights
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. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: it takes a lot to laugh, it taks a train to cry
--- 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. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Blinded By The Light
--- 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. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] This Sun. 5/6: Cabaret benefit for the AP Historical Society
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 Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: it takes a lot to laugh, it taks a train to cry
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. > Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
