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NYC Property Tax Rate Reduced for 2008 - 06/29/07 07:10 AM
NYC to Reduce Property Tax Rate and Continue Property Tax Rebate Program for Homeowners Mayor Bloomberg and the City Council announced an agreement on the Fiscal Year (FY) 2008 New York City Budget. The $59 billion budget includes $1.3 billion in property, sales, and small-business tax cuts, including a property tax rate cut rate of 7% for the coming year. These tax cuts are in addition to the $256 million in $400-per-homeowner tax rebates requested by the City and approved by the State Legislature last week. The city has been sending $400 reebate checks to homeowners for the last few years. (0 comments)
The Landmarks Preservation Commission recently created a new historic district in Morningside Heights on the Upper West Side. The newly created historic district is comprised of 40 buildings on Manhattan Avenue between 104th and 106th Streets. Unlike many of Manhattan's earlier row houses, which were primarily built with brownstone facades in the classical style, the structures in the new Manhattan Avenue district combine Gothic, Queen Anne and Romanesque features. Originally called "New" Avenue when it was created in 1868, Manhattan Avenue starts at 100th Street and continues to 125th street where it merges with St. Nicholas Avenue. Manhattan Avenue irregularly (5 comments)
Coop Rights Bill: Update - 06/27/07 04:15 PM
The NY Sun reported about the bill that would affect coop boards that has long been stalled is now getting support from law professors.The proposed law would require coops boards to put in writing their reason for rejecting a purchaser applicant from their coop. There is still opposition saying the law goes to far. I was quoted in the article.They called me about the board interview process and how I prepare a buyer for the interview.It's best to really keep your mouth shut, only answer questions, and not elaborate on things," a broker with Coldwell Banker Hunt Kennedy, Mitchell Hall, said. (3 comments)
Hot Town, Summer in the City - 06/27/07 04:09 PM
Summer is here and the Manhattan Residential market has not cooled down. Sales activity remains strong, especially among the priciest properties reports The Real Deal.While new condos hit the market, co-ops are in short supply. Listing inventory is up, but less than last year and the upper end of the market is thriving.On May 15th I posted the REBNY Residential city wide sales report that reported a 23% increase in apartment sale prices in NYC for the 1st quarter of 07 compared to 06. According to the REBNY report the average first quarter sale price rose to $1,107,000 in Manhattan.Jonathan Miller, (4 comments)
In the Zone: Manhattan Congestion Boundaries - 06/26/07 06:17 PM
Traffic and parking in Manhattan is a major issue. Mayor Michael R. Bloomberg has a plan to charge motorists to drive below 86th Street in Manhattan.If approved, many real estate brokers are already saying it may do more than simply reduce traffic, noise and pollution in the Manhattan business districts. They are saying that it could add an extra sense of exclusivity to what is already some of the most expensive residential real estate in the country.Mayor Bloomberg's plan for what he calls "congestion pricing" would impose fees of up to $8 a day for cars and $21 a day for (2 comments)
Few states or even countries can offer the diversity of locations and geography you'll find in New York State While "Schools Out" for the summer, real estate in Manhattan is still "In", I love the beach the mountains and the Lakes of New York. Maybe I'll be able to get a way by the 4th of July. In the mean time I've been travelling through the state of New York the last few weeks without having to leave my desk. Through Localism and seeing many of the magnificent photos that activerain members have posted. I've taken a virtual vacation. Pictures are worth more than a (30 comments)
Fujifilm joins Friends of the High Line with Portrait project
Hundreds of photographs will be displayed in unique outdoor galleries to raise awareness of High Line park, projected to open in 2008.As the High Line park takes shape above the streets of New York City, construction fencing in the neighborhood will feature improvised outdoor art galleries covered with photographs of High Line supporters from the local community and beyond according to Friends of the High Line. The group will also launch a Web site featuring the portraits, http://www.thehighline.org/portraits. Dubbed "The High Line Portrait Project" and made possible with a $50,000 (2 comments)
Grand Central Terminal: Restored, Rejuvinated and still Spectacular! - 06/16/07 11:26 AM
1871 Originally Grand Central Depot Reborn "Grand Central Station" Constructed of glass and steel, it rivaled the Eiffel Tower and Crystal Palace as one of the most dramatic engineering achievement of the 19th century. When the steam locomotive era ended the existing station was demolished to create a new double level terminal for electric trains. Re built "Grand Central Terminal" In 1913 Grand Central Terminal opened and became an anchor for the real estate development in the midtown Manhattan neighborhood. During the 1920's, hotels and apartment buildings began to rise on Park Avenue, skyscrapers simultaneously were erected along East 42nd Street. On Lexington Avenue, the Hotel Commodore opened and the (20 comments)
Upper West Side Residential Update: - 06/15/07 10:26 AM
UWS News: Rezoning Battle The Department of City Planning is proposing the first comprehensive rezoning of the Upper West Side in almost 50 years. The battle mostly started by the Ariel Condominiums - two 30 plus story towers currently rising on Broadway between 99th and 100th streets. The buildings have led to some neighborhood opposition because of their height. The rezoning calls for height limits on new construction that would see most future developments rise less than half the height of Ariel Towers, the New York Sun and The Real Deal reported. In my Morningside Heights Market Report there is more information (0 comments)
New Residential Developments: West Chelsea - 06/11/07 11:55 PM
Chelsea New Construction update: 175 Ninth Avenue (No condo towers for Seminary) The General Theological Seminary has reversed course on a plan to build a 15- story condominium tower on its campus after news of the plan met with fierce community opposition as reported in the NY Sun. The seminary wanted to build a 151-foot tower to generate $21 million in revenue for renovation of its existing 19th century buildings. Community activists charged the tower would have been out of place in the neighborhood. Officials are now presenting a plan for a seven-story mixed-use residential building. IMHO tax exempt landmark churches have no business (6 comments)
"Recent Sales Information" Now On NYC's Department of Finance Website - 06/02/07 06:39 PM
Last August, a state law went into effect allowing the city to make co-op sale prices available to the public. I wrote a blog about the new transparency Coops sale prices public record. I've also wriiten several times about ACRIS the city's Automated City Record Information System. While it is great that the information is public it is difficult to use and understand by most non real estate professionals. First you need to know the block and lot number for records you are looking to locate once you find the record it only has a sale price and does not give any (2 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.