RE/MAX Launches First and Only Manhattan Office

RE/MAX’s latest expansion into the Manhattan market makes their brand-new office the first-of-its kind and only one in the borough. Headed by Broker/Owner Shoka Mamedov, the Manhattan office marks an exciting milestone for the international company traditionally known for its strong ties within the suburban market.

The office was launched earlier this month by real estate professional Shovkat Mamedov who, along with her rapidly growing team, will bring RE/MAX’s world-class services and brand name, known around the globe, to this competitive, new market.

“Our Manhattan office is in an ideal location to bring the RE/MAX brand to this thriving commercial and luxury residential market,” said Mamedov.  “The advanced technology and the international network that RE/MAX offers will allow us to make an immediate impact. We have already received a tremendous response from brokers, agents and clients, especially those looking to invest in Manhattan’s active hospitality market.”

With extensive experience in the New York real estate market, Shoka has sold hundreds of residential and commercial properties in all the boroughs of New York City. She and her team are leveraging both RE/MAX’s Commercial and Classic Collection brands to attract local customers and those from abroad. She has also partnered up with Carlo Seneca, Owner of C & A Seneca Construction who is one of the most sought after Hospitality Builders in NYC who along with Shoka made a turnkey office with Real Estate, Development, Construction, Architectural and Design services. And they together will spearhead a huge Hospitality division for RE/MAX in Manhattan.

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Listings are now Live for Waterline Square's Rentals

The new Upper West Side, luxury residential development to open this year, Waterline Square, launched leasing last month for its collection of spacious studio to four-bedroom rental homes and now you can see the home offerings and floor plans as listings just launched.

With architecture by Richard Meier & Partners, Rafael Viñoly Architects and KPF, plus interiors by Champalimaud, Yabu Pushelberg and Groves & Co., the rental residences at Waterline Square boast condo-level features such as high ceilings and floor-to-ceiling windows that showcase the remarkable views, as well large kitchen islands, walk-in closets, wine refrigerators, fully-integrated appliance packages designed by Bosch, vented washer-dryers and five-fixture bathrooms.

All three towers offer a suite of curated amenities and resort-style services, in addition to each tower having access to tower amenities such as private dining rooms, media rooms, game rooms, residents’ lounges with gas-burning fireplaces, libraries and furnished terraces.

In addition, rental residents also have access to the extraordinary Waterline Club — the 100,000SF shared amenities space that is designed by Rockwell Group and connects the three buildings. Just outside their doors, the lush 2.6-acre park is present, as will be a dynamic hospitality program with concepts by Cipriani and Empellón.

Studios at the complex start $3,938/month; one-bedrooms at $5,425/month; two-bedrooms at $8,625/month; three-bedrooms at $9,933/month; and four-bedrooms at $15,000/month.

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Important Mortgage Tips for First-Time Home Buyers

When you’re purchasing your first home, there’s a lot to think about. In addition to finding the perfect location and coming up with a budget, you’ll also have to consider many factors regarding your mortgage. To keep your stress levels down and to be as prepared as possible, read our list of some of the most important mortgage tips for first-time home buyers.

Shop around

Settling for the first quote you get from a mortgage lender could cost you thousands of dollars in the long run. We suggest researching a variety of mortgage lenders and comparing at least three quotes before you make a final decision. Spending the time to shop around will be well worth it in the end.

Prequalify

Before making an offer on a home, you must prequalify for a mortgage. For you to prequalify, a lender will thoroughly examine your finances. After the inspection, you’ll receive an estimate of how much money a lender may be willing to give you based on your income, credit, and current debt. If you are an active or former member of the military, you can also look for a VA loan, this way the process to get your home might be considerably easier, take a look at Security America Mortgage to learn more about this kind of loan. It’s important to note that even though you prequalify for a mortgage from a specific lender, you’re not exclusively committed to them yet. You’re still free to shop around for better interest rates, but having that prequalification letter will significantly improve your chances of closing a deal on the property you want.

Get the right mortgage for your budget

There are two main types of mortgages: fixed-rate and adjustable-rate. The main difference between the two is the way their interest rates are determined. The interest rate for fixed-rate mortgage loans is determined when you take it out, and it will not change. An adjustable-rate mortgage, on the other hand, has an interest rate that may fluctuate after the introductory period ends. Fixed-rate mortgages allow for easier budgeting, but adjustable-rate mortgages offer more flexibility when it comes to refinancing. Ultimately, the type of mortgage that’s right for you will largely depend on your budgeting preferences.

Avoid 30-year mortgages

30-year mortgages attract many home buyers due to their lower monthly payments. In the long run, however, you’ll end up paying tens of thousands of dollars more in interest than if you choose a 15-year fixed-rate mortgage. As such, you should try to choose a mortgage option with a shorter timeline.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.