ADRIVEL RUIZ - SOVEREIGN ASSOCIATES

March 22,2023 | By Sovereign Associates |

When I decided to work in Real Estate, the first person that came to mind was Annie Hawkins.  I used to be Annie's client – she helped me find my great apartment.  She is super-professional and knowledgeable, so I figured she was the right person to ask.  Turns out I was right!  Annie introduced me to Greg Healy, our Principal Broker at Sovereign Associates, and the rest is history. I have enjoyed serving our clients, particularly in the Hudson Heights area of Uptown, and am enjoying being part of this industry. What I love about this business is that Real Estate is dynamic, especially in places like Manhattan.  The market is diverse, and there are opportunities to help clients in residential rentals, residential sales, and commercial rentals.

From my experience, the Manhattan marketplace is not all the same; downtown, midtown, and uptown are all different.  However, some general trends apply, such as when high-interest rates affect the sales market.

What are the current challenges?  In sales, some (below-ask) Co-Op offers may get rejected by Board members trying to maintain previous apartment values. On the rental side, we are heading into the busy moving season, which usually means fewer concessions from owners and more competition from other applicants.

To end on a positive note -  we live in a magical city: New York!  There's always something happening in our industry.  It’s never stagnant, and cycles can move quickly.  Many people weren't expecting the city to start running this fast after covid a couple of years ago.  Thankfully, we live in exciting times.  Please contact me with questions or comments; I'd love to hear from you.

[email protected]

https://www.sovereignrealestate.com

 

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