Merlino & Gonzalez September 2017

WHY PRICES ARE ON THE RISE The Boom in Staten Island Real Estate

With real estate prices rising across the New York Metropolitan area, it was only a matter of time before the boom hit Staten Island. Over the past couple years, both residential and commercial real estate prices have seen a tremendous rise. The market on the North Shore is particularly strong, but all areas of the island are experiencing some degree of price increase. There are a number of reasons for this rise, and we wanted to investigate a few of them here. There is a little bit of cause and effect at play between commercial and residential prices. Commercial growth is happening at an unprecedented rate, spiking residential rates in turn. Without question, the biggest project underway is the creation of the New York Wheel. Conceived several years ago, it will be the largest Ferris wheel in the world. This marquee attraction will lure Manhattan tourists who might not visit Staten Island otherwise. Alongside the New York Wheel, the North Shore Waterfront is undergoing an expansive revitalization. Included in this development are the Empire Outlets, The Urby, and over 1,500 new rental units.

Previously, Staten Island was viewed as a suburban borough in an otherwise metropolitan city. Now, Staten Island offers something for every type of potential buyer and resident. In addition to development projects, there are plenty of other factors contributing to the boom. It’s a seller’s market right now, with house inventory decreasing. Brooklyn and even Queens have become largely unaffordable for the average family, driving homebuyers to Staten Island. Longtime residents of other boroughs are selling high and getting more space here. In addition, investors Whether you’re looking to buy or sell during this exciting time in Staten Island real estate, you’ll need an experienced attorney to help guide you through the process. The team at Merlino & Gonzalez has been navigating the market for years and can make sure you get exactly what you’re looking for.



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• 2 tablespoons olive oil • 2 tablespoons butter • 4 boneless, skinless chicken breasts (about 2 pounds) • Salt and freshly ground black pepper • ½ Vidalia onion, chopped

• 1 Granny Smith apple, cored and sliced into ¼-inch wedges • 3 cloves garlic, minced • 2 teaspoons dried thyme • 2 bay leaves • 2 tablespoons all-purpose flour • 1½ cups apple cider get color and onions soften, about 6 minutes. Add flour and stir for 2–3 minutes. 4. Nestle chicken back into pan, add cider, bring to a boil, then reduce to a simmer and cover. Cook until chicken is cooked through, about 12 minutes.

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1. Heat oil and 1 tablespoon butter in a skillet over medium-high heat. 2. Season the chicken breasts with salt and pepper, add to pan and sear until golden, about 4 minutes each side. Remove chicken from pan and set aside. 3. Add remaining butter, onion, apple, garlic, thyme, and bay leaves. Sauté until apple begins to

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