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House Hunting in ... Puerto Rico
Real Estate in Puerto Rico
“The high end of the market has and is rebounding,” said Margaret Pena Juvelier, the broker-owner of Puerto Rico Sotheby’s International Realty, which has the listing. “Puerto Rico had been in a deep slump since the downturn of the economy” when prices plummeted 35 to 50 percent, she said. But since a new tax law passed in 2012, Ms. Juvelier said she is “seeing a lot more people coming to Puerto Rico and taking advantage” of the tax incentive to buy homes. NYTimes - Article
PRSIR Joins RESAAS Real Estate Social Network
"We are really excited to have such a prestigious and well-accomplished team of real estate professionals join the RESAAS network," said Padraig Cullen, VP of Sales at RESAAS. "Puerto Rico Sotheby's International Realty team members can maximize their social media efforts by using RESAAS to broaden their ability to share information and market material to a wider audience faster than ever before." RESAAS - Puerto Rico Sotheby's International Realty
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San Juan-a-be Startin' Somethin'
Puerto Rico Sotheby’s International Realty VP / Broker Oriana Juvelier in her second episode. Join Oriana and her client Andy as they take over San Juan!“San Juan-a-be Startin’ Somethin” After a recent vacation to San Juan, Puerto Rico, Andy from Los Angeles decided he needed to have a place to escape from his busy life. He’s looking to purchase a second home in San Juan and wants the old, historic charm he fell in love with during his visit, BUT…… (Featured Here)
Puerto Rico Real Estate - Market Spotlight
“Historically Puerto Rico has had a strong tourist community with real estate mostly owned by locals, says Margaret Pena Juvelier, owner and president Puerto Rico Sotheby’s International Realty. Hit hard by the downturn of the market, it is rebounding, which has translated into opportunity buying. Inventory is moving at a faster pace, and we are definitely seeing an uptick in the market on the luxury end. Many new buyers are coming into the market directly from new tax incentive laws that were passed and are attracting buyers from all over, especially within the United States. Record prices have been set in resort, beachfront communities such as the new Ritz Carlton Reserve at Dorado Beach and the Trump Founders Residences. These buyers are seizing the opportunity to purchase well and take advantage of these incentives. The lifestyle here is cosmopolitan, cultured and tropical as well as extremely diverse. I believe Puerto Rico will be the new Riviera of the Caribbean!” (Full Article)
Puerto Rico Creates Tax Shelters in Appeal to the Rich
Margaret Pena Juvelier is a real estate broker with Sotheby’s International Realty who left the Upper East Side last fall to open an office in San Juan. “We’re getting an average of 10 to 15 calls or e-mails a day from people who want to look at homes,” she said. (Full Article)
Lujo boricua logra atraer a Sotheby's
Tras reconocer la cantera de oportunidades del mercado de bienes raíces de lujo en Puerto Rico, Sotheby’s International Realty anunció ayer la apertura de su primera oficina en la Isla a un costo de $1 millón.
La experiencia y reputación que anteceden a la reconocida corredora de bienes raíces Margaret Pena Juvelier, presidenta y propietaria de la nueva operación local, fue instrumental en la incursión de la empresa multinacional en la Isla, con presencia en 45 países en todo el mundo. (artículo completo)
Exclusive Sotheby's Arrival to the Island of Puerto Rico
Sotheby’s International Realty Affiliates LLC today announced it has strengthened its presence in the Caribbean with the addition of Puerto Rico Sotheby’s International Realty to its luxury real-estate network through new branch on the prestigious 1056 Ashford Avenue in the Condado district section of the Island. (Full Article)
High-end real-estate firms open offices in P.R.
Sotheby's International Realty (SIR) opened its doors on Ashford Avenue in the Condado sector of San Juan in front of the Ventana al Mar park to strengthen its presence in the Caribbean luxury real-estate network. (Full Article)
A Manhattan Townhouse Sells for $32 Million
A Manhattan townhouse has sold for $32 million, $7 million above its asking price. The seller was a real-estate investor who had owned the property since the 1950s.
Built in 1870, the Italianate-style former mansion at 815 Fifth Ave. has since been subdivided into offices and apartments. The six-story building overlooks Central Park and, according to the listing, is the oldest building on Fifth Avenue below 110th Street. It has about 10,000 square feet of living space with 12 apartments and two offices.
The current owner paid $120,000 for the property in the early 1950s and converted it into an apartment building.
Darren Sukenik and Leonard Steinberg of Prudential Douglas Elliman had the listing. Roberta Golubock and Margaret Juvelier of Sotheby's International Realty represented the buyer.