TheHoffmanTeam

Please Join Us In Welcoming Andrew Klima To The Team!

About Andrew

An entrepreneur at heart, Andrew has always been an independent businessman and felt a true connection to the real estate industry at a young age. Having lived in a variety of neighborhoods throughout Manhattan, Andrew is well positioned to educate and advise his clients on a wide array of areas and property types. He finds fulfillment by connecting to each client on a personal level to best aid in selling or finding their home. 

Throughout his professional career, Andrew's repeat clients have remained unwavering due to his his tireless work ethic, fun spirit, creativity, and efficiency. In the sometimes hectic NYC real estate market, Andrew aims to be a reliable source and shepherd for his customers, making sure they receive the best service available. 

Andrew has lived on the Upper West Side, Upper East Side, and is now a resident of Battery Park City with his wife, Molly and their Chocolate Lab, Elly. Andrew has regularly set new price records in the area, and has his finger on the pulse of this specific market and its ever-growing values. His expertise and familiarity with the local community helps to position his buyers and sellers with a competitive edge. Coupled with strategically developed marketing plans, Andrew consistently gets over ask offers for the properties he represents. 


A recent graduate of the Manhattan School of Music, Andrew is a professional Operatic tenor and has sung internationally. He has also taught chorus at a public middle school to 435 singers and currently maintains a private studio. All of Andrew's experiences have helped him learn that whether on the streets of New York with customers, on the Operatic stage with audience members, or in a classroom with students, his clients must be at the center of focus.

Specialties

Battery Park City, Downtown Manhattan and Long Island City.

Education

Bachelor of Vocal Performance and Bachelor of Music Education from Ithaca college; Masters in Opera Performance from the Manhattan School of Music.

Charity

Andrew is on the Board of his Condo; on the Ithaca College Alumni Board, the Director of Engagement for Ithaca College Alumni in NYC and mentors through Big Brothers and Big Sisters. Andrew provides music for St. Peter's Church, the oldest Catholic Church in Lower Manhattan and brings music to seniors at a facility in Riverdale.

Monthly Update - October 2016

Bubbles, Bubbles, Bubbles 

If you watched the last presidential debate, there was talk of bubbles. In fact, bubbles have been on the minds of many lately.

During the debate, Trump told us there’s a "big, fat, ugly market bubble, folks." But Wall Street doesn't necessarily agree. Meanwhile, billionaire Wang Jianli, one of the largest real estate investors in China, was quoted as saying that market faces the "biggest bubble in history."

Top real estate brokers have looked at the possibility of  a future surge of Chinese investment into the U.S. And UBS Group’s Global Real Estate Bubble Index also shows New York City well-positioned. The ranking of 18 major cities by their housing bubble risk categorizes New York City as "fairly valued," close to bottom of list, while Vancouver and London are placed at the top of the list and deemed at risk.

Again, this market is anybody's guess. Despite the frequent talk of bubbles, owners need to be most aware of buyer trends. Buyers are still not forking over any amount of dough just for the sake of "getting into the market." That being said, bidding wars are happening, and buyers are calling the shots. When buyers perceive a property as a "value," they will act with reckless abandon to "win" it, and, consequently are setting new record prices in buildings across the city.

Things to look out for:

  • The Fed has yet to increase interest rates.
  • Every few months, it seems the house market holds its breath. Sometimes, these ebbs and flows are simply cyclical.
  • The presidential election, and reactions to the election, will have an impact, no matter who's elected, one month from now, and there's plenty of pent-up demand from buyers waiting on that outcome.
  • Continued low resale inventory combined with new development condo and rental building units set to release in 2017, will continue to have an impact on the New York City real estate landscape.

For now, we should sit back, make smart decisions based on facts, not paranoia, and see what the next few weeks bring.

Buckle up!

 

The Numbers:

In September we saw a large increase in inventory, which means everyone is finally back from summer vacation. Overall there was an increase of 47%, with the biggest additions in the 2 and 3+ bed categories. 

There was a 75% increase in new inventory for the 3+ beds, and an increase of 53% for new 2 bed listings. 

The Hoffman Team Listings 

COMPASS Press:

 

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The Hoffman Team at COMPASS  |  90 5th Ave. 3rd Fl. NY, NY 10011  |  646.519.4490

Your new home awaits.