Whitestone real estate NY, Flushing real estate and Bayside real estate, home listings and homes for sale in New York, luxury homes and new construction - Nelly Andrushenko, REALTOR® Nelly Andrushenko REALTOR(r) for Whitestone, Flushing and Bayside, New York real estate, luxury homes and new construction - NUMBER1EXPERT™ Nelly Andrushenko NUMBER1EXPERT(tm) for Whitestone, Flushing and Bayside, New York real estate, luxury homes and new construction

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Local Info: Whitestone New York home buying, real estate listings, and homes for sale in Queens County, NY
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Queens, New York is the most ethnically diverse 115 square miles on earth. The 7 subway line has been dubbed The International Express and has been designated a National Millennium Trail for its representation of the immigrant experience. In addition to Greek Astoria, Jackson Heights has a fantastic Little India, with great restaurants, food markets, and shopping, and Peruvians swear this is where you can get the only decent grilled chicken outside of Lima. Flushing has a large Chinese and Korean population and is home to the 1862 Romanesque Revival, Flushing Town Hall, where Flushing Council on Culture and the Arts organizes a variety of art exhibits and jazz and classical music performances throughout the year. Italians, Japanese, Colombians, Asian Indians, Puerto Ricans, Israelis, Maltese, and many other groups add exciting diversity and flavor to Queens. 

WHITESTONE
Whitestone is a neighborhood in north-central Queens (in New York City) located between the East River to the north and Bayside Avenue to the south. This is where our office, Power Realty Inc., is located. It is an ideal location for anyone searching for a scenic and tranquil place to live, where the neighbors are friendly and the surroundings are charming. In the late nineteenth-century many wealthy New Yorkers began building mansions in the area, on what had once been farmland. Rapid development of the area ensued in the 1920s, however, as trolley and train service was expanded into the neighborhood. Although this rail service ended during the Great Depression the right-of-way for it was later used by Robert Moses to help construct the Belt Parkway. Further development came with the building of the Bronx-Whitestone Bridge in 1939. Today, Whitestone is a largely middle-class neighborhood comprised mostly of single and multi-family homes, garden apartment complexes and small apartment buildings. This suburban neighborhood was named for the rock at the point where tides met from the East River and Long Island Sound. Well-known residents have included Francis Lewis, signer of the Declaration of Independence, of which Francis Lewis Park was named after. Residents often flock there to see the beautiful view of the Whitestone Bridge in the evening.  

 

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Real Estate Tips
First Time Buyers >Your Principal Residence

The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.

Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.

Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.

Consult your tax advisor for advice about your particular circumstance.

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Real Estate Trivia
Q 
What architectural detail made its way into the design of many suburban homes built in the 1950s, 60s and 70s?

A 
The picture window was a signature of the suburban American neighborhood.
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Nelly Andrushenko, REALTOR®, real estate agent and broker for Whitestone, Flushing and Bayside New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Nelly Andrushenko
Power Realty Inc.

148-29 Cross Island Parkway
Whitestone, NY. 11357
718-747-0411
917-406-4922
Fax: 718-747-0504
Email: nelly@nellyshomes.com

Nelly Andrushenko started her career in Real Estate in 1989 and after being affiliated with a prominent local Real Estate company for a number of years, Nelly joined one of the Re/Max offices where she worked for four years. In March of 2002, Nelly founded her own Real Estate company, "Power Realty, Inc.". She is constantly in search of knowledge and ways to perfect her customer service. Nelly's enthusiasm and dedication to helping people has brought her success and recognition as a Top Realtor in Northern Queens. If you’ve been thinking of buying or selling a home in the near future, please call Nelly (718) 747-0411 or email her at nelly@nellyshomes.com"

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