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08. An Insider’s Look At The Queens Real Estate Market Over the last ve years, development around the borough has increased.

12. Commercial & Residential Growth On The Rise Experts see larger growth for commercial real estate, with some residential mix.

16. Reduce your Environmental Impact and Costs Better technology is providing a way to minimize both your carbon footprint and your bottom line.

20. Residential Population Continues to Increase in Queens

In the world’s most diverse county, real estate companies are seeing the changes rsthand.

24. Infrastructure Investments Bring Growth and Value The EDC is looking to eliminate transit barricades, and a stronger Queens economy and real estate market are expected to follow.

Producers: John Sanchez, Queens Ledger Newspaper | BQE Media Mark Neuwirt, Expos Your Business The Queens Chamber of Commerce is proud to organize and present our 2016 Real Estate Expo.With location, location, location always the mantra for real estate; today we are proud to say it’s now Queens, Queens, Queens. From LIC to Jamaica; Astoria to Maspeth, Far Rockaway to College Point and everywhere in between, New York’s largest geographic and most diverse borough has arrived in many ways. With retail, commercial, industrial, and residential real estate experiencing unprecedented attention, the Cham-


4 The Long Island residential real estate market has seen strong appreciation over the past few years including some sub-markets seeing double-digit growth. At the core of this growth are some of the typical drivers including continued low interest rates coupled with limited inventory of both investment and enduser properties. For the Real Estate Investor, this Seller’s market positions them well on the sale of a property. However, on the purchasing side, it will present them with some challenges that they may not have exhibited before; these challenges may include increased competition levels. With the recent popularity of the TV home shows combined with the poor performance of other bank or Wall Street investment options, many are now considering real estate as a viable investment approach. Furthermore, what we are seeing from this segment of novice investors is that some are making higher offers than the seasoned investor. This can be attributed to their lack of experience in mitigating nancial risk by adding safety margins and an under-developed skill set to accurately determine an offer. Also in some cases, deliberately overpaying to get to the closing table and get some experience. I have heard many newbies tell me, “I don’t need to


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Jack Coll Senior Vice President & Sales Manager

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Residential Mortgages Copyright © 2017 Emigrant Mortgage Company, Incorporated - NMLS#1577 (Emigrant). All rights reserved. Emigrant is a subsidiary of Emigrant Bank, Member FDIC. Emigrant is an Equal Opportunity Lender and an Equal Opportunity Employer. The information, products and services contained in this advertisement are believed to be correct but may include inaccuracies, typographical errorsthe and/or omissions. Emigrant does not guarantee accuracy of the data contained herein. All loans are subject to submission of a complete application, underwriting creditand/or and property approval by Emigrant. review Not all and products programs are available in all states and/or localities and/or for all loan amounts. Other restrictions and limitations may apply. commercial mortgage programs/products areEmigrant’s offered through Emigrant Funding Corporation NMLS#1597 (EFC) a Subsidiary of Emigrant Bank. EFC’s loan programs are limited under to loans that do not meet theNew definition of residential applicable state laws. York Mortgage Banker License*, New York State Department of Financial Services, One State Street, New NY 10004, Emigrantor is Divisions in CT, MA, registered orYork, licensed with the212.709.3500. Banking Departments NJ, FL and PA. *Mortgage Banker activities authorized pending issuance. /// 01/23/2017.

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Business Purpose Investment Property Cash Flow Program Emigrant Bank is a Participating SBA Lender offering SBA Advantage Loans 7(a) and SBA Grow Loans (504). Richard Campbell Vice President & Production Manager

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Real Estate Subway Series Long Island 2017  
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