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The REAL Story of According to Magic Of Great Neck Realty Broker Annette Kroll, “Often, a purchase of a less renovated apartment can help a buyer to reap the benefits of a lower price and the ability to renovate to their own specifications.” BY STEPHEN VRATTOS Sales at North Shore Towers are bucking the national trend and already defying the 2015 real estate estimations of the Federal Reserve, which warns consumers not to expect much improvement. According to his 2015 economic forecast speech of December 1, Federal Reserve President and Chief Executive Officer William C. Dudley was optimistic on the overall economic outcome in 2015, although he admitted the country “is at a similar junction” as it was last year at this time. His message on real estate, however, was far less positive, despite a more balanced housing market, the improved financial shape of consumers and decrease in federal budget deficit. His concerns ranged from the demand for new homes still being hindered by tight credit conditions for homebuyers and mortgage lenders continuing to be extremely risk averse in extending new credit. Fortunately, North Shore Towers didn’t get the memo. Vice President of Greenthal Property Sales Linda Rappaport has been an active member of the North Shore Towers & Country Club since 1987 and became the On-Site Licensed Courtesy Charles H. Greenthal & Co. Broker Linda Rappaport RANGES OF SALES PRICES BETWEEN 2013 AND 2014 Courtesy Magic Of Great Neck Realty Broker Annette Kroll According to Charles H. Greenthal & Co. Broker Linda Rappaport, “Corner units are always popular, as well as the interiors, since they have eat in kitchens, a separate den/dining room, and a large terrace.” SIZE 2013 2014-THROUGH NOVEMBER ALCOVE STUDIOS X,U,R,B 630-680 SQ. FT. 1 BEDROOM, 1 BATH F & M 750 SQ. FT. 1 BEDROOM, 1 BATH T & Y 830-880 SQ. FT. 1 BEDROOM, 1 BATH C & P 800 SQ. FT. 1 BEDROOM, 1.5 BATHS R & B 980 SQ. FT. 1 BEDROOM, 1.5 BATHS A & S 1,074-1,200 SQ. FT. 1 BEDROOM, 1.5 BATHS G,H,K,L 1,150-1,200 SQ. FT. 1 BED, 1.5 BATH CORNER D,E,N,O 1,200 SQ. FT. 1 BED, 1.5 BATH CORNER V & W 1,300 SQ.FT. 2 BED, 2.5 BATHS G,H,K,L 1,500 SQ. FT. 2 BED, 2.5 BATH CORNER D,E,N,O 1,600-1,700 SQ. FT. 3 BED, 3.5 BATHS V & W 1,950 SQ. FT. (19 SALES) $115,000-$260,000 (4 SALES) $175,000-$220,000 (12 SALES) $195,000-$340,000 (4 SALES) $205,000-$277,500 (14 SALES) $265,000-$417,500 (14 SALES) $277,500-$460,000 (10 SALES) $280,000-$550,000 (14 SALES) $300,000-$575,000 (8 SALES) $312,500-$575,000 (17 SALES) $465,000-$725,000 (10 SALES) $630,000-$865,000 (6 SALES) $885,000-$1,300,000 (12 SALES) $165,000- $260,000 (3 SALES) $277,500-$345,000 (9 SALES) $235,000-$385,000 (9 SALES) $250,000-$400,000 (7 SALES) $350,000-$549,000 (16 SALES) $375,000-$675,000 (5 SALES) $350,000-$635,000 (10 SALES) $445,000-$682,500 (2 SALES) $610,000-$625,000 (10 SALES) $632,500-$835,000 (10 SALES) $730,000-$925,000 (9 SALES) $820,000-$1,200,000 12 North Shore Towers Courier n January 2015


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