Kin's Blog: Kin Tsui (Kin Real Estate)

The co-op is located at 33-44 91st Street, Jackson Heights, NY11372, which is on 91st Street between Northern Blvd & 34th Ave.

It is a six stories building built in 1958. The complex have laundry room, elevator, private playground. The unit is about 770 square feet.

Monthly maintenance is $491 which includes electric, gas, water, heat and real estate tax. The location is just three blocks to Roosevelt Ave for #7 subway.

Click here for virtual tour.

For other listings please visit our our web site www.KinRealEstate.com.

It is a semi-detached brick house located on 165th St between 43 Ave & 45 Ave.

There are 3 bedrooms and a bathroom on each of first and second floor.

The basement is finished, with bathroom and seperate entry.

There is a deck, brick patio and a storage shed at back.

House was built in 1955, with 3032 interior square feet and 29x100 lot

Tax is $5,068.

Please visit the web site www.KinRealEstate.com for virtual tour.

The co-op is located at 33-25 90th Street, Jackson Heights, NY11372, which is on 90th Street between Northern Blvd & 34th Ave.

It is a six stories building built in 1958. The complex have laundry room, elevator, private playground.

The unit is about 1000 square feet.

Monthly maintenance is $630 which includes electric, gas, water, heat and real estate tax.

The location is just three blocks to Roosevelt Ave for #7 subway.

Virtual tour is posted on our web site www.KinRealEstate.com.

Since March this year real estate sales picked up, stock market rallied over 30%, Index of Consumer Sentiment rose for a fourth straight month, oil price soared.

I will be very happy if the market keep moving like the last few months, I will make more money than in 2007 when the market peaked. It is just too good to be true.

I remerber Warren Buffett's quotation - "Be Fearful When Others Are Greedy And Greedy When Others Are Fearful". I think it is time to short stock.

I guess it is the last phrase of real estate market. When people cannot afford single family house, they buy condo; when they cannot afford condo, they buy co-op, REO/Real Estate Owned by banks. As I am specialized in selling co-op, maybe that is why my business picked up more.

in the last cycle I remembered the co-op price dropped about 50% from peak to bottom in Flushing; in this time it only dropped about 20%.

I hope my guess is wrong, but for people who buy for self-occupied, it is always a good time. Why pay rent while you can own?

Median Price was still declining from last year.

Median Price on closed properties:

................ May 2009 .... May 2008

Queens ... $365,000 ... $407,500 (-10.43%)

Nassau ... $396,000 ... $438,500 (-9.69%)

Suffolk ... $334,500 ... $360,000 (-7.08%)

There was less inventory than last year, but it might only indicate more sellers realized the realistic price and not motivated to sell, if not necessary.

....................... Inventory ...................... Units in contract ................ Months Supply

................. May 09 ..... May 08 ........ May 09 .... Apr 09 ...... May 08

Queens ..... 10285 ..... 11602 ........... 772 ........ 738 .......... 761 ............. 13.3

Nassau ..... 10298 ..... 10808 ........... 888 ........ 859 .......... 931 ............. 11.6

Suffolk ..... 13189 ..... 15098 ........... 908 ........ 933 .......... 987 ............. 14.5

Source: Long Island Board of Realtors

The accident happened at 12:30 in midnight. A car was smashed into a cape house on Horace Harding Expressway in Kew Garden Hills (Also known as Flushing) with zip 11367.

In Chinese Feng Shui, it is said a house�facing a road perpendicular�is not good (A long knife pointing to�the heart); also a curve road with the road curved toward the house (A curve knife cutting the waist). I am not superstitious, but do believe the wisdom in a scientific way.

The House can be showed as example. The house is on 61st Road facing North, Exit Ramp from Long Island Expressway is about 45 degress toward the house, cars come out the ramp have to curve left to avoid�hitting straight�to the house. Houses with such criteria will just have higher rate of accident.

The co-op is located at 26-26 141st Street, Flushing, NY11354, which is on 141st St between Whitestone Expressway & 28th Ave.

It is a six stories building built in 1952.

The unit is about 900 square feet.

Monthly maintenance is $707 which includes gas, water, heat and real estate tax.

The location is just two blocks off Union Street.

Virtual tour is posted on our web site www.KinRealEstate.com.

It was on Robinson St between Cherry Ave & 45 Ave in Flushing.

I don't know how it happened, it was a clam day, no strong wind.

One of the car-owners live in Kissena Co-op which I sold a lot of units there. The old lady recognised me and asked me if I could take some pictures for her to show insurance company. I took some pictures and emailed to her son right after I went back to office.

Kissena Co-op is a nice co-op. The monthly maintenance includes electricity, gas, water, heat and real estate tax. The building is 6-stories, with elevators, laundry room, sitting area, garage and parking lot. Subway, buses, supermarkets and Downtown Flushing are all just minutes away.

Transactions in residential houses excluding condo & co-op from Jan 09 to Apr 09:

Zip .......... Town ................. Unit closed ..... REO units ........ REO %

11421 Woodhaven ................... 27 ................... 7 ................... 26%

11422 Rosedale ....................... 25 ................... 7 ................... 28%

11423 Hollis ............................ 16 ................... 5 ................... 31%

11426 Bellerose ...................... 28 .................... 1 ................... 4%

11427 Queens Village ............. 19 .................... 1 ................... 5%

11428 Queens Village ............. 13 ................... 4 ................... 31%

11429 Queens Village ............. 26 ................... 6 .................... 23%

11432 Jamaica ....................... 22 ................... 6 .................... 27%

11433 Jamaica ....................... 32 .................. 26 ................... 81%

11434 Jamaica ....................... 27 .................. 18 ................... 67%

11435 Jamaica/Briarwood ........ 23 .................. 12 ................... 52%

11436 Jamaica ...................... 26 .................. 12 ................... 46%

Source: Multiple Listing Service of Long Island

Transactions in residential houses excluding condo & co-op from Jan 09 to Apr 09:

Zip .......... Town ................. Unit closed ..... REO units ........ REO %

11411 Cambria Heights .............. 22 ............... 9 .................. 41%

11412 St Albans ........................ 33 .............. 16 ................. 48%

11413 Springfield Gardens .......... 45 .............. 23 ................. 51%

11414 Howard Beach .................. 11 ............... 0 .................. 0%

11415 Kew Gardens .................... 2 ................ 0 .................. 0%

11416 Ozone Park ..................... 19 ............... 9 .................. 47%

11417 Ozone Park ..................... 21 ............... 5 .................. 24%

11418 Richard Hill ...................... 14 ............... 5 .................. 36%

11419 South Richmond Hill .........  21 ............... 9 .................. 43%

11420 South Ozone Park ............. 42 .............. 17 ................. 40%

Source: Multiple Listing Service of Long Island