Real Estate In Albany New York

Featured Property 

  
Loudonville Colonial

  Spectacular home that has had a complete makeover.  Fantastic gourmet kitchen opens to dining area and family room with large stone fireplace.  Five bedrooms, four full baths, billiard room, rec room.  All on nearly four rolling acres in a prime Loudonville location in the North Colonie School District.  Proudly offered for $1,795,000. For further information, contact Chris Falvey @ cfalvey@falveygroup.com or 518.640.2561


New York's Capital Region Real Estate Market Summary 

 Intel Locating East Coast Headquarters to Albany

Five major international computer chip companies will inject $4.4 billion dollars into 5 new Research & Development operations in Albany, NY to accomodate the ongoing demand to develop the next generation of computer chips.  Other companies participating are IBM Corp, Global Foundries, Inc., TSMC & Samsung.  The broader R&D project, involving all 5 companies, includes an initiative to support purchasing up to $400 million in tools & equipment from companies within the State of New York.

The University at Albany's College of Nanoscale Science & Engineering in Albany, NY will be the focal point for this project and will create roughly 800 jobs @ Albany NanoTech and an estimated 1,500 construction jobs.

 Top Five Reasons to Buy a Home

  If you've been on the fence about buying a home, now is the time to take the leap.  Below are five reasons that homeownership can be great!

Equity.  When you pay rent, you never see that money again.  Even though buying a home may mean out of pocket inital costs, you will make that money back with the euqity you've built in your home. Homeownership is about building long-term wealth.

Relationships.  Renters tend to see their neighbors come and go.  Homeowners, however, have yards, community pools and neighborhood gatherings for people to meet and socialize.  Neighbors stay put much longer (at least 3 to 5 years if they hope to recoup their closing costs). This means more time to build relationships.

Predictability.  As long as you have a fixed rate term on your mortgage, its predictable.  Many people buying homes today lean towards the fixed rate mortgage - meaning that the monthly payment will be fixed for the life of the term.

Ownership.  This one is a "no brainer".  Homeownership means you own the home - which has some incredible perks.  You can personalize it to your taste with updating, painting or even planting a tree or adding a pool!  This is the chance to show your personality through your home!

Great Deals.  As everyone knows, it's a great time to buy.  Interest rates are at historic lows. In addition, homes are more affordable than ever before.  If you have steady income and cash for a downpayment, be sure to talk to an agent at Falvey Real Estate Group!
 

 

COMMERCIAL LENDING THAT MAKES SENSE! 

  1st Rate Commercial, a division of the Falvey   Real Estate Group, was founded in 2003 by Christopher J. Falvey.   

     This unique mortgage banking company can arrange real estate financing at virtually any level.  Our lenders provide commercial credit programs for any needs including commercial term loans and lines of credit.  Commercial financing is available for new construction as well as existing properties.

     1st Rate Commercial is proud to be an innovator and valuable resource to both large and small businesses throughout the Capital Region. For information on our services, contact Chris Falvey @ (518) 452-5964 or cfalvey@falveygroup.com  

Notable Transactions

Kevin Broderick, of the Commercial Division of the Falvey Real Estate Group recently participated in the lease of office space at 250 Osborne Road in Albany, NY.  Broderick represented the landlord in this transaction, while Albany Realty Group represented themselves as tenant.  To contact Kevin Broderick, call 518.452.3912, ext. 2564 or kbroderick@falveygroup.com

 Kevin Broderick, from the Commercial Division of The Falvey Real Estate Group recently leased 5,000 sf on 4 Walker Way in Albany to TMC Services, Inc.  Clark Realty represented the Landlord in this transaction.  To contact Kevin Broderick, call 518.452.3912, ext. 2564 or kbroderick@falveygroup.com

Christopher Falvey, Broker/Owner leased 3,950 +/- square feet of office space at 500 New Karner Road in Albany, NY to Berkshire Farms, who was represented by Kevin Parisi and Steve Hoffman from Trinity Realty Group. To contact Christopher Falvey, call 518.640.2561 or cfalvey@falveygroup.com

    Kevin Broderick, from the Commercial Division of The Falvey Real Estate Group recently assisted 1200 Realty, LLC in the purchase of  1206-1210 Western Avenue In Albany, NY.  The sale price for this property was $500,000 and the site will be used as additional parking for an adjacent business and future retail.  To contact Kevin Broderick, call 518.452.3912 ext. 2564 or kbroderick@falveygroup.com

Energy Savers
Easy Low-Cost & No-Cost Ways to Save Energy 

 
  • Install a programmable thermostat to keep your home warm in the winter & cool in the summer
  • Use compact fluorescent light bulbs (CFL) with the Energy Star label
  •  Air dry dishes instead of using your dishwasher's drying cycle
  • Turn off your computer monitor when not in use
  • Plug home electronics, such as TVs & DVDs into power strips & turn off the strips when not in use.
  • Lower the thermostat on your hot water heater to 120 degrees
  • Wash only full loads of dishes & clothes
  • Drive sensibly. Agressive driving (speeding, rapid acceleration & braking) wastes gasoline
  • Look for the Energy Star label on home appliances & products, which meet strict efficiency guidelines set by the US Department of Energy & the EPA

Recognizing Our Realtors

       CRAIG LECLAIRE, an Associate Broker with the residential division of the Falvey Real Estate Group recently earned the esteemed Accredited Buyer Representation (ABR) designation and the Short Sales & Foreclosure Resource (SFR) certification.  The ABR designation is the benchmark of excellence in buyer representation and agents with SFR certification are trusted resources for short sale and foreclosure management.  To contact Craig, call (518) 210-7500 or email cleclaire@falveygroup.com.

       At a recent luncheon sponsored by the Commercial and Industrial Real Estate Brokers, Inc. (CIREB), the 2010 elected Officers and Directors were announced.  KEVIN BRODERICK, an Associate Broker with the commercial division of the Falvey Real Estate Group is entering his sixth year serving on the Board of Directors for this Association.  As Director, he has been actively involved in education, technology, bi-laws and other related missions for CIREB and its multiple listing service members.  To contact Kevin, call (518) 640-2564 or email @ kbroderick@falveygroup.com. 

CRAIG LECLAIRE awarded a $500 scholarship to Sean Dunn, a 2010 graduate of Mechanicville High School for achieving the highest average in the schools business classes.

Click to verify BBB accreditation and to see a BBB report.

The Falvey Real Estate Group has been approved as Better Business Bureau, Inc. (BBB) Accredited Business.  The standards of accreditation include having an established track record in the real estate and mortgage industry and maintaining a high rating through the BBB.  As a member of this esteemed group of committed businesses, The Falvey Real Estate Group agrees to provide an ethical marketplace and uphold the BBB Standards of Trust.