'Selling New York's' Jamie Mitchell: Manhattan Is Back


HousingWatch.com chatted with Jamie Mitchell of Gumley, Haft and Kleier, who appeared in last week's episode of HGTV's "Selling New York." Mitchell sells mostly to investors who buy to rent. So her challenge tends to be finding a super-cool property that is unique, but that also can be flipped right away and rented for the ever-affordable price of, say, $30,000 a month. Mitchell confirmed our suspicion: The days of excellent deals are pretty much over, and it's still a challenge to sell Brooklyn to the uber-rich.

In a nutshell: The New York real estate market has few bargains left, and they're rarely as cheap as buyers seem to think they should be.

HousingWatch: Are there any real money saving deals left in New York?
Jamie Mitchell: People are still looking for a really good deal, and it's frustrating. More stuff is hitting the market, but I see what is selling aggressively. Most of what I see now is pricey. There aren't a lot of deals left, and any soft pockets in the market are quickly absorbed.