Working together with a buyer’s broker to identify, view, evaluate, negotiate and acquire real estate in New York City is completely free of charge. A buyer’s broker is legally obligated to the buyer’s interests exclusively and an intelligent and diligent buyer’s broker will streamline the search and guide buyers through the entire purchase process.
The New York City real estate market is structured so that the commission payable by the seller at closing is agreed upon before the apartment is listed for sale and subsequently split between the seller’s broker and buyer’s broker at the closing table. In an effort to find a buyer as quickly as possible, brokers use several broker-to-broker databases to “share” or “co-broke” their listings.
This special nuance of the New York market enables experienced buyer’s brokers to give you access to all of the best apartments available in New York and offer their professional representation with no cost or obligation.
Though it has become easier than ever to open your favorite search engine and navigate through countless real estate web sites and advertisements, it’s important to note that according to New York Real Estate Law, developer’s salespersons and seller’s brokers are only obligated to the seller. Often it is the information omitted from advertisements that happens to be the most important.
Neil Foresto, Senior Vice President of New York Residence, Associate Broker, created TheNewYorkBroker.com. He has been working full-time as a Licensed Real Estate Professional in Manhattan since March 2007 and takes pride in maintaining his status as one of Manhattan’s avant-garde brokers. Fluent in Italian and a dual citizen of the USA & Italy, he excels at assisting foreign and domestic buyers with the acquisition of property in New York.
In response to demand from international buyers for property management services in New York, he has established NYB PROPERTY LLC, a licensed real estate broker that specializes in property management.
Neil graduated from Hofstra University in December 2006 with High Departmental Honors (Marketing) and an Honors College Diploma with Distinction. He began his career as a Licensed Real Estate Salesperson in March 2007 and became a Licensed Real Estate Broker in March 2009.
New York Residence has three offices in Manhattan: A flagship office at 1501 Broadway, Times Square, an on-site sales office at 33 West 56th Street (Centurion Condominium), and an on-site office 20 West Street (The Downtown Club). The company also maintains satellite offices in London, Hong Kong, Seoul, Singapore and Shanghai.
The site was created to raise awareness of the benefits of working with a buyer’s broker, and to provide detailed and unbiased investment information about some of the most interesting properties in New York.
The buildings featured in this site represent a selection of the properties that have been identified as great opportunities for investors.
Choosing to work with a licensed and experienced broker will give you access to all apartments listed for sale in New York and provide all the help you’ll need to make an informed decision––All with no cost or obligation.
Sounds great! Please include a brief note with your price range and a list of the apartment features that are most important to you. You’ll be surprised by how quickly you receive a response.
New York +1 917 657 3064
Hong Kong: +852 8121 2645
United Kingdom: +44 (0)20 8123 1232