Turkel Properties

- 500 Grand St B2A, New York, NY 10002

In the highly competitive and often expensive New York City real estate market, homeowners are constantly looking for ways to maximize their returns when selling. Turkel Properties, a real estate agency located in the Lower East Side, has gained attention for its distinctive approach to commissions, offering a 2% rate for sellers. This model stands in contrast to the traditional commission structures that typically range from 5% to 6%, where the listing agent and the buyer's agent each receive a portion. By focusing on a low-commission strategy, Turkel Properties positions itself as a cost-effective solution for sellers who want to save on real estate fees without sacrificing professional representation. This approach can be particularly appealing in a market like New York City, where high property values mean that even a small percentage difference in commission can translate into significant savings, often amounting to tens of thousands of dollars.

The agency’s focus on a 2% commission is a key part of its business model, designed to attract sellers who are conscious of closing costs. While the provided information is limited, the review from a real customer highlights the value perceived in this low-commission rate, noting, "Just 2%! Wow. I don't know anyone else who would help you for that percentage." This positive feedback underscores the appeal of their pricing structure. It is important for sellers to understand that while a lower listing agent commission saves money, the commission for the buyer's agent still needs to be factored into the overall sale. Turkel Properties, by focusing on a streamlined process and reduced fees, caters to a specific segment of the market—those who want a professional real estate service with a clear and attractive cost structure. This model allows them to stand out in a crowded market by directly addressing a major pain point for sellers: the high cost of agent commissions.

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Turkel Properties is located at 500 Grand St B2A, New York, NY 10002, USA. This address places the agency in the heart of the Lower East Side, a neighborhood with a rich history and a vibrant, evolving character. The area is known for its diverse population, historic tenement buildings, and a dynamic mix of trendy boutiques, art galleries, and long-standing local businesses. The location on Grand Street is convenient for residents of the Lower East Side and surrounding areas, providing a central point for client meetings and business operations.

The office's location offers solid accessibility via public transportation, which is a key consideration for anyone navigating New York City. The East Broadway subway station, which services the F and M lines, is just a short walk away. The Grand Street subway station, with access to the B and D lines, is also within a comfortable walking distance, providing direct connections to Midtown and other parts of the city. Additionally, the Delancey Street–Essex Street station, which serves the F, M, J, and Z lines, is conveniently located nearby, offering multiple options for commuters. The Lower East Side is a "Walker's Paradise" with a Walk Score of 99, meaning most errands can be accomplished on foot. Its high Transit Score also reflects the ease of getting around using public transportation. The central location in a bustling and accessible part of Manhattan makes Turkel Properties an easily reachable partner for both local clients and those from other boroughs.

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• Seller Representation: Turkel Properties specializes in representing home sellers, with a focus on offering a highly competitive 2% commission rate. This service includes everything from pricing the property correctly to marketing it effectively and navigating negotiations. Their model is designed to provide professional service while significantly reducing the seller's closing costs.

• Real Estate Sales: The agency assists clients with the sale of residential properties throughout New York City. While they are noted for their low commission for sellers, their services are aimed at providing comprehensive support throughout the entire sales process, from listing to closing.

• Property Valuation: A key part of their service is accurately valuing homes. By understanding the intricacies of the New York market, Turkel Properties can help sellers set a competitive and realistic price, which is crucial for attracting buyers and ensuring a quick and profitable sale.

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• Innovative 2% Commission Model: The most significant highlight of Turkel Properties is their commitment to a 2% commission rate for sellers. In a city where traditional rates can consume a large portion of a seller's profit, this model offers a clear financial advantage and is a major reason why clients might choose them over other agencies. The low percentage is a notable point of differentiation in the New York market.

• Cost Savings for Sellers: A lower commission fee can translate to thousands of dollars in savings for a home seller, especially in a market with high property values. For example, on a million-dollar property, a 2% commission for the listing agent saves the seller tens of thousands of dollars compared to a typical 3% rate.

• Client-Centric Approach: The positive customer review about the low commission rate suggests a client-centric approach. Turkel Properties appears to prioritize a value proposition that directly benefits the seller's bottom line, which can build trust and lead to positive word-of-mouth referrals.

• Local Lower East Side Expertise: By being based in the Lower East Side, the agency has a natural advantage in understanding the dynamics of this vibrant and popular neighborhood. This local expertise can be invaluable for sellers and buyers alike who want to navigate this specific market effectively.

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Address: 500 Grand St B2A, New York, NY 10002, USA

Phone: (917) 334-7529

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For New York City home sellers, the choice of a real estate agency can have a direct impact on their final profit. Turkel Properties presents a compelling option primarily due to its innovative and transparent 2% commission model. In a city where real estate fees can feel excessive, this approach provides a tangible financial benefit that is hard to overlook. While some low-commission models may be associated with reduced services, the customer review suggests that their offering is a welcome relief to sellers who are looking for a more affordable option. It is worth noting that while the listing agent's commission may be lower, sellers should still expect to budget for the buyer's agent's commission, which is typically paid by the seller. However, the overall savings from a 2% listing commission can still be substantial. Turkel Properties' central location in the Lower East Side is another advantage, providing easy access and an intimate knowledge of the local market. For sellers who are savvy about costs and want to maximize their net profit from a sale, Turkel Properties offers a clear, attractive value proposition that sets them apart in the competitive landscape of New York City real estate.

Turkel Properties

500 Grand St B2A, New York, NY 10002, USA