NO FEE East Village Two Bedroom - OWNER PAYS - 11/26/08 08:51 AM
East Village Two Bedroom Apartment - NO FEE / OWNER PAYS
Please call JAD Realty Group for further details:
Jeffrey Ditri
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
 
 
East Village Two Bedroom Apartment - NO FEE / OWNER PAYS
Please call JAD Realty Group for further details:
Jeffrey Ditri
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
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Soho penthouse now 50 percent less than asking price - 11/26/08 08:37 AM
One year ago, a duplex penthouse at 43 Wooster Street was listed at $12.5 million. Now, the 2,600-square-foot unit is on the market for $5.9 million. The two-bedroom, two-bath apartment suffered two price reductions in the last week, down to $6.995 million and then finally, to $5.9 million. The owners bought the penthouse for $4.171 million in 2006.
 
43 Wooster Street
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Listings up, sales down in Manhattan - 11/24/08 02:09 PM
The number of apartments that went into contract or had accepted offers in Manhattan in October fell 20 percent from September, and declined 62 percent compared to October 2007, according to the Corcoran Group. The number of listings in Manhattan rose 33 percent in October compared to the same time last year, according to Miller Samuel. Jonathan Miller, president of Miller Samuel, said because of the lag time between contract signings and apartment closings, about 45 days, sales figures won't reflect the price decline in the market until the first quarter of next year.
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Barbara Corcoran insists now is time to buy - 11/21/08 12:22 PM
Barbara Corcoran, founder of the Corcoran Group, said in 2010, when the real estate market bounces back, "everyone will look back and say, 'Why didn't I buy then?'" Corcoran, founder of the Corcoran Group, said softening housing prices are scaring away buyers who are waiting for prices to fall even more, when they could be finding a good deal right now.
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More sublease space to come - 11/19/08 10:40 AM
In October, there was 4.4 million-square-feet of sublease space in midtown Class A properties available, which made up 28.2 percent of all available Class A space in the area. In 2007, sublease space in midtown made up 29 percent of available space. James Delmonte, a vice president and director of research at Jones Lang LaSalle, said as vacancy increases, more sublease space will become available and there will be more sublease space available next year.
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East Village Two Bedroom Rental - REDUCED PRICE - 11/18/08 01:53 PM
REDUCED PRICE - East Village Two Bedroom Rental Available NOW
Contact JAD Realty Group for showing times:
Jeffrey Ditri
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
 
REDUCED PRICE - East Village Two Bedroom Rental Available NOW
Contact JAD Realty Group for showing times:
Jeffrey Ditri
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
… (0 comments)

Gramercy Park / Union Square Rent Stabilized One Bedroom Apartment - 11/18/08 09:14 AM
Gramercy Park / Union Square Rent Stabilized One Bedroom Rental
Contact JAD Realty Group for showing times:
Jeffrey Ditri
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
 
Gramercy Park / Union Square Rent Stabilized One Bedroom Rental
Contact JAD Realty Group for showing times:
Jeffrey Ditri
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
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Upper East Side Retail/Commerical Space Available (2nd Avenue) - 11/18/08 09:05 AM
Upper East Side - 2nd Avenue & East 91st Street Retail Available
Contact JAD Realty Group for showing times:
Jeffrey Ditri
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
 
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Upper East Side Two Bedroom Rental (Home Office) - 11/17/08 09:14 AM
Upper East Side One Bedroom Rental with Home Office
Please contact JAD Realty Group for a showing schedule:
Jeffrey Ditri
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
 
Upper East Side One Bedroom Rental with Home Office
Please contact JAD Realty Group for a showing schedule:
Jeffrey Ditri
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
… (0 comments)

Manhattan multi-family building prices fall 11 percent - 11/15/08 03:59 PM
 
 
Closed transactions in Brooklyn and Queens by quarter. Source: PropertyShark.
 Price cuts hit the Manhattan multi-family market hard last quarter, according to a new report covering residential investment properties released by real estate analysis company PropertyShark.While the median sales price for an apartment building fell 11.2 percent from the prior year quarter, the median price for each unit fell by 17.5 percent over the same period, the data released today showed. At the same time, building sales volume, median sales price per building and median sales price per unit all declined citywide, according to the report, which examined multi-family … (0 comments)

Residential market halts in its tracks - 11/14/08 11:20 AM
Wall Street's recent wild volatility has caused the New York City real estate market to freeze in its tracks, with sales volume screeching to a halt and deals falling apart as potential buyers have watched their net worth evaporate. With the passage of the $700 billion financial rescue package on Oct. 3, analysts hoped the nationwide economy, mired in the credit crisis and housing slump, would show signs of improvement. Instead, the stock market saw wild volatility throughout the month of October, with frequent, jaw-dropping daily moves of 400 and 500 points. By late October, arguably the worst financial crisis since … (0 comments)

Renter's Market in Manhattan? Manhattan vacancies at 12-year high - 11/13/08 04:21 PM
Vacancies in Manhattan apartments increased from 1.46 in September to 1.71 percent in October, a 12-month high. While Battery Park led all neighborhoods with a vacancy rate of 2.02 percent, vacancies were up in each of the other 10 neighborhoods tracked by Citi Habitats, including always popular neighborhoods like the East Village and the Upper West Side.
There is also some downward pressure on rents, perhaps due to the uptick in idle apartments. Average rents for studios, one-bedrooms, two-bedrooms and three-bedrooms all fell modestly from September to October. Some neighborhoods are falling faster than others, however, and some of the most … (2 comments)

New York City One Bedroom Rental (East 70's) - 11/13/08 09:19 AM
Upper East Side One Bedroom Rental - East 72nd Street
Please contact Jeffrey Ditri to schedule an appointment:
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
 
 
Upper East Side One Bedroom Rental - East 72nd Street
Please contact Jeffrey Ditri to schedule an appointment:
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
… (0 comments)

Luxury homebuilder's revenue plummets - 11/11/08 10:47 AM
 Toll Brothers, the country's largest luxury homebuilder, said its fourth quarter revenue fell 41 percent, due to the credit crisis and falling demand for luxury homes. Fourth quarter contract cancellations rose to 233, or 30 percent of contracts, and net contracts signed fell 27 percent. In fiscal year 2008, Toll closed on 4,743 homes, which the company said was its lowest number since 2002. The company has urged the government to take action to bring buyers back into the real estate market.
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Luxury units face mark downs - 11/11/08 08:22 AM
 
As of last week, 847 listings in Manhattan priced over $5 million were marked down, 24 percent of them by at least 5 percent, according to Streeteasy.com. Of the marked down units, 145 of them were discounted in the past two months. At 15 Central Park West, 11 apartments are for sale, and five of them have had price cuts. At the Plaza, 24 units are for sale, nine of which were marked down.
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Sales prices drop in some Manhattan Neighborhoods - 11/11/08 08:16 AM
Some of the city's neighborhoods have started to see the economic downturn in lower home sales prices. Prices in Harlem were down almost 20 percent between third-quarter 2007 and third-quarter 2008. Prices for condominiums in Midtown East, Turtle Bay, Midtown West, and Hell's Kitchen also dropped substantially. Experts expect to see further price declines in the fourth quarter. Brokers said they have been urging sellers to price their apartments 10 or 15 percent below recent comparable sales.
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Upper East Side 2nd Avenue Rental - 11/10/08 11:47 AM
Upper East Side Studio Apartment - Brand New Under Market Price
Please call JAD Realty Group for further details:
Jeffrey Ditri
JAD Realty Group, LLC.
Broker | Owner
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
 
Upper East Side Studio Apartment - Brand New Under Market Price
Please call JAD Realty Group for further details:
Jeffrey Ditri
JAD Realty Group, LLC.
Broker | Owner
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
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New York's 20 Most Expensive Rentals - 11/08/08 01:48 PM
The stock market is down nearly 500 points this afternoon, we're in the middle of a deep recession, and tens of thousands of New Yorkers have lost their jobs. But if by some crazy chance you've managed to avoid the pain and suffering and you're looking for, say, a five-bedroom penthouse in Midtown, it's never been a better time to swoop down and make an offer. The prices of dozens of luxe apartments have been slashed in recent weeks. And while the rental market hasn't been crushed just yet, prices are very, very negotiable. That $60,000-a-month rental? You might just be … (0 comments)

Foreign buyers struggle to buy in U.S. - 11/07/08 02:31 PM
Foreign buyers are finding it increasingly difficult to purchase U.S. real estate as mortgage interest rates increase by several percentage points and down payments rise to 50 percent for some homes. Europeans had been buying an increasing amount of U.S. real estate over the last few years as the dollar weakened. Real estate agents say that only all-cash deals are easy after the credit crunch.
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New Upper East Side Studio Rental (2nd Avenue) - 11/07/08 12:26 PM
Brand New Upper East Side Studio Rental (2nd Avenue & East 91st Street)
Take a Video Tour Here!
For further detail, please contact Jeffrey Ditri:
mobile: 610.781.8417
email: jeffrey@jadrealtygroup.com
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Landlords worry Senate will eliminate decontrol - 11/07/08 10:38 AM
Landlords in the city are afraid the now Democratic-controlled Senate will eliminate the vacancy decontrol law. Housing advocates expect to make a push to get rid of the law -- which allows landlords to charge market rates for rent-stabilized apartments once the tenants move out and the rent reaches $2,000 per month -- in the next legislative session. Landlords believe eliminating decontrol measures would harm real estate investment in the city, and hurt developers who were expecting to eventually convert apartments into market rate.
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Apple no longer interested in East 34th St. - 11/04/08 07:42 AM
 
Apple Inc. leases 21-25 West 34th Street, between Fifth and Sixth avenues, but is no longer planning to open a store there. Apple has put the site up for sublease through Robert K. Futterman, with the three levels, totaling 18,000 square feet, available as of April 1, 2009. SL Green and Jeff Sutton own the land, and Apple reportedly pays $5.906 million in annual rent for it. … (1 comments)

New York City Midtown Studio Rental - 11/03/08 09:01 AM
Upper East Side Studio for Rent
Take a video tour here!
For Addiotinal questions, please contact Jeffrey Ditri (Broker | JAD Realty Group)
Mobile: 610.781.8417
Email: jeffrey@jadrealtygroup.com
 
DESCRIPTION:
Recently remodeled, elevator building Fourth floor unit Separate kitchen including new appliances and cabinetry Marble bathroom, new fixtures Large living space featuring a wall of windows Three storage closets New hardwood floors Live-in super Laundry in building Priced below market value Excellent Upper East Side east location; near all transportation, restaurants, Carl Schurz Park, Midtown, and Central Park
Upper East Side Studio for Rent
Take a video tour here!
For … (0 comments)