EFTA00755539.pdf

From: O> To: Jeffrey Epstein <[email protected]> Subject: FW: Third Quarter Corcoran Report Date: Thu, 07 Oct 2010 01:58:53 +0000 This is from a friend of mine who is a major player at Corcoran she thinks I am getting a great deal guess you are getting the picture...i want this one bad...really bad...patience is a virtue I believe the 19% drop they are talking about is the number of transactions versus the last quarter not the price. They are reporting prices up from last quarter and last year. In any event the original asking price was 5.850M. 20 Percent less than that is 4.680M. I believe you will have to go higher than 4.6. Your call. This is looking more and more like a very good deal. I am happy to inform you that Corcoran has released its Third Quarter Corcoran Report <http://www.corcoran.com/thecorcoranreport/CorcoranReportQ32010.pdf> , our quarterly survey of residential real estate sales in Manhattan. This report compares data based on deals that closed in 3Q 2010 (July 1 through September 30) with those closed in the prior quarter and in the same quarter one year ago. Thus far in 2010, the Manhattan market has achieved a new equilibrium in pricing and pace. Buyers have been quick to take advantage of favorable interest rates and price points down 20% from their peak in 2008. However, those prices have stabilized noticeably; in the third quarter most homes appreciated in value by modest margins. The Third Quarter has historically been a period of slower activity and 2010 was no exception; the number of sales eased back from the breathless pace of the first two quarters. In an interesting contrast, sales - which in the first part of the year were dominated by studio and one-bedroom units - saw an increase among larger apartments in the Third Quarter. As always, I continue to remain on top of sales activity and market trends in residential real estate, and would welcome the opportunity to answer any questions you may have about the report or the market generally. Looking forward to speaking with you soon. Sincerely, Lauren Muss EFTA00755539 ********************************************************************************************* ************************************************** All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. The information in this electronic mail message is the sender's business confidential and may be legally privileged. It is intended solely for the addressee(s). Access to this internet electronic mail message by anyone else is unauthorized. If you are not the intended recipient, any disclosure, copying, distribution or any action taken or omitted to be taken in reliance on it is prohibited and may be unlawful. The sender believes that this E-mail and any attachments were free of any virus, worm, Trojan horse, and/or malicious code when sent. This message and its attachments could have been infected during transmission. By reading the message and opening any attachments, the recipient accepts full responsibility for taking protective and remedial action about viruses and other defects. The sender's employer is not liable for any loss or damage arising in any way from this message or its attachments. The Corcoran Group is a licensed real estate broker. Owned and operated by NRT LLC. ** • • • 4 .4 • • 4 .1 • 4 .1 .1 .4 , 4 .1 • 4 A.. 4 A.. 4 A.. 4 A .1 • Y********************************************** **A A** NOTE:This message including any attachments contains information, some or all of which, may be proprietary or legally privileged. It is for the intended recipient only. If you have received this message by error, please notify us immediately and destroy the related message. You, the recipient, are obligated to maintain it in a safe, secure, and confidential manner. Unauthorized re-disclosure or failure to maintain confidentiality could subject you to penalties described in Federal and State law. Next Management, LLC and any affiliate companies are not responsible for errors or omissions in this message or any attachments. NOTE:This message including any attachments contains information, some or all of which, may be proprietary or legally privileged. It is for the intended recipient only. If you have received this message by error, please notify us immediately and destroy the related message. You, the recipient, are obligated to maintain it in a safe, secure, and confidential manner. Unauthorized re-disclosure or failure to maintain confidentiality could subject you to penalties described in Federal and State law. Next Management, LLC and any affiliate companies are not responsible for errors or omissions in this message or any attachments. EFTA00755540