Does a co-op or condo smoking ban boost the value of your apartment?
Smoking is on the decline in New York City, nudged along by more health-conscious lifestyles and legislation that makes it more expensive and harder to find public places where you can do it. For apartment buildings, an increasing number of buildings prohibit any and all smoking—even in the privacy of one’s own apartment. Aside from pleasing or infuriating residents, depending on how you feel about smoking, what’s been the bottom line of residential smoking bans? Does the value of your co-op or condo increase if your building bans smoking everywhere?
More informationNew and nearly-new firms take up mantel in changing business
In the ever-evolving world of real estate, new firms and departments are looking to challenge the norms of the industry. From disputing an outdated commission model to rebranding a decades-old brokerage, different companies are looking to throw their name in the hat on how the real estate industry should move forward. In September, two real estate veterans from Corcoran broke off and created their own seller-focused brokerage called SIMPLE Real Estate Co.
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Corcoran alumni pioneer SIMPLE fee structure
Two former Corcoran brokers have launched their own firm with a hybrid fee structure they are betting will have sellers knocking down their door. Louisa Gillen and Chris Palminteri said their SIMPLE Real Estate Co. provides “a modern and honest approach to the sales process.”
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Industry Veterans Launch The SIMPLE Real Estate Co., the First Residential
Real estate industry veterans Louisa Gillen and Chris Palminteri, announced the launch of The SIMPLE Real Estate Co. (SIMPLE), the first residential real estate brokerage firm designed specifically for sellers. SIMPLE was co-founded by Gillen and Palminteri to thrust the stale, outdated brokerage model into the future by introducing a modern and honest approach to the sales process.
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