HGTV's "Selling New York": Recap of Episode 10

Last Updated May 20, 2010 10:09 PM EDT

HGTV's "Selling New York" Episode 10:

Episode Title: "Property Hunters."
Episode Description: Two NYC agents hunt for the perfect investment properties in Brooklyn and the Hamptons.

"Selling New York," the HGTV series, has no Manhattan properties at all in its 10th episode (airdate Thursday May 20). This was a little disappointing to me, because I'm not really a Brooklyn person or a Hamptons person, but at least there's a really cute Manhattan store.

This episode features two stories. Core Group, which I have often referred to as "Team Downtown," becomes "Team Brooklyn" as Core agent John Gomes heads to Prospect Heights to look at potential rental properties for an investment group.

Meanwhile, Gumley Haft Kleier, which I have been referring to as "Team Uptown," might as well be "Team Out-of-Town." We've seen them go to Florida and to Connecticut, and now this episode shows Samantha Kleier Forbes shopping for a Hamptons manse for an old friend.

Featured Properties: An $8 million-plus Hamptons contemporary with views of Sagaponack Pond; a $10.95 million Hamptons traditional; 180 St. Marks Avenue, a $2.25 million turnkey brownstone in Prospect Heights, Brooklyn, and 270 Sterling Place, a $1.5 million brownstone-in-need-of-reno in Prospect Heights, Brooklyn.

Guest brokers: Deanna Bowman of the Corcoran Group (Brooklyn), who hopefully is the victim of a bad edit when she says "a stoop defines a brownstone" (actually, technically, the brown stone building material defines a brownstone), and Christopher Burnside of Brown Harris Stevens (Hamptons), who has a rumpled beachy air verging on needing a haircut.

What you can learn from watching HGTV: How to be an investor! Play along and decide whether you'd rather have the 2-unit already-rehabbed house, or the house that needs work that could become 4-5 units for less than double the price.

What you can't learn from watching HGTV: That it's illegal to ask, as one on-camera person does, whether prospective renters will be singles. Sorry, that's a violation of Fair Housing laws!

That's my take, what do YOU think? Feel free to post comments below.

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  • Alison Rogers

    Since graduating from Harvard summa cum laude, Alison Rogers has been a reporter, an editor, a real-estate agent, a Wall Street desk jockey, a columnist, a failed flipper, and a landlady. A member of the National Association of Realtors, she currently sells and rents luxury co-ops in Manhattan for the Chelsea-based firm DG Neary. (If you've got $27,500 a month, the firm has an apartment for you!) Her book, Diary of a Real Estate Rookie, was called "a valuable guide for rookie buyers" by AOL/Walletpop, "beach-read fun" by the New York Observer, and "witty" by Newsweek.