Carollo's Blog on Real Estate- Featuring Queens and Nassau County Real Estate Information

Anthony Carollo Quoted in a Queens Courier Article

Read the article "The New American Nightmare" in the Queens Courier where Anthony Carollo discusses the current economic conditions and its affects on the real estate market.

Anthony Carollo in a Cooperator Article

The restaurants and shops that have established themselves to serve such a wide  cross-section of residents have become attractions unto themselves, drawing  more people to the neighborhood and fostering a sense of community in  diversity. As Anthony Carollo, owner of Queens-based Carollo Real Estate, says,  “We all seem to gel.”  

 Grubler agrees, and adds that from Chinese to Korean to Latin American and  beyond, Queens is rich in culture and cuisine, because of what the people bring  with them to their new community. “I think we’re getting away from the ‘melting-pot’ theory, actually,” he says. “All of the groups maintain their individual cultural identities.”  

 Community and access to services also are drawing families to the borough like  never before. That sense of community can be hard to find in other parts of the  city, says Jacqueline Alvarado, a broker with Coldwell Banker who handles  properties in Queens and the other outer boroughs.  

 “There are also lot of growing families who are looking for better education for  their kids and better school districts,” she says, “and people like to buy around this neighborhood for that reason.”  

 Condo Development

 According to Carollo, Astoria—and Queens as a whole—was profoundly affected by the citywide real estate development buzz of recent years...as well as the  bust. Developers took advantage of Astoria’s high zoning (R5 & R6), which allowed them to tear down single and multi-family houses and build  condominiums in their place. With many new units on the market, in addition to  existing resale units, Astoria has a high inventory of condos.  

 For those looking to buy, one-bedroom condos start around $300,000 and  two-bedrooms at around $400,000.   Read the entire article Multicultural Patchwork: Astoria

Anthony Carollo in Queens Tribune Article

This past week Anthony Carollo was quoted in the Queens Tribune Article Queens Housing On The Skids

“There was an over-supply before all of this even started,” Anthony Carollo, president of Queens-base Carollo Realty, said. “We were just getting through that supply and now the credit market slumps, creating another problem. "

Anthony Carollo in Daily News Article

On Monday October 27,2008 Anthony Carollo was quoted in the Daily News Article:

Trendy neighborhoods can't escape New York City's housing slump as sales drop

Heres a small part of the article

"Broker Anthony Carollo of Carollo Real Estate recounted how a recent buyer wanted to move his wife and four children out of their cramped Forest Hills home into a four-bedroom single-family in College Point.

The deal was moving forward when the buyer learned Fannie Mae was requiring some borrowers to cough up a 30% down payment - not the 20% previously required. "

Anthony Carollo in NY Post Real Estate Section

Anthony Carollo contributed to an article found in Today's NYPOST Real Estate Section (6/12/08).  The article Danger Zone discusses forclosures throughout the Five Boroughs.

Here is a piece of the article:

"I have a listing in St. Albans, [Queens]," says Anthony Carollo of Carollo Real Estate. "Their asking price was $399,000 [seven months ago], and they couldn't sell it. We got it in April, and we started at $369,000."

That house was a well maintained, three-bedroom frame Colonial that had not been foreclosed on - but several other houses nearby had been. And the banks were trying to get those properties off their hands as quickly as possible.

"We've been going up against homes that banks were willing to sell for $75,000 less," says Carollo. "The bank doesn't want to own the property. They don't want to spend the money maintaining it or the legal fees."

As for the listing in St. Albans: "We just dropped the price again, to $339,000."

Anthony Carollo Mentioned in NY Magazine Article

Check out the NY Magazine Article What If You Had $100,000 to spend in 1998.

The article is very interesting.  For example if you bought 3298 Shares of Apple Stock in 1998 for $30.32/share it would now be worth $1,997,797 !

What's A Home Seller to Do?

Anthony Carollo is featured in Today's Newsday Real Estate Section in the Article What's A Home Seller to Do

The article discusses how sellers are dealing with the current market in regards to selling their home.

Anthony Carollo featured in NYPost Article Crunch Time

Anthony Carollo was featured in the NYPost Article Crunch Time by Max Gross.  The article discusses the mortgage industry and the how difficult it has become to borrow money in today's market.

Anthony Carollo in AM New York's Article City Living: New York

Anthony Carollo was recently interviewed for the AM New York Article City Living: Whitestone.  The article features information on everything in Whitestone from the Real Estate, to the shopping, to the places to eat.

Read the entire article City Living: Whitestone

Newsday Article Long Island Realtors eye New York City Market

Anthony Carollo was quoted in the July 16th Newsday Article Long Island Realtors eye New York City Market.  The article discusses how real estate brokerages expanding to New York City Markets.  Below is an excerpt from the article.

"With real estate offices in Nassau and Queens, Anthony Carollo has one direction in mind for expansion plans: Westward ho!

He wants to open his fourth office in western Queens or perhaps Brooklyn in the next year or so because his on-the-ground experiences tell him it's the way to go. Five years ago, about 2 percent of his Long Island clients wanted city housing; now it's at least 12 percent.

"It stands out in your mind when someone says, 'I live in Valley Stream," or, "I live in Merrick, and I want to come back into Bayside,'" said the owner of Carollo Real Estate. "It was never like this. It's like a complete reversal."

He's not alone in eyeing the five boroughs."