manhattan: Manhattan Market Report | Fourth Quarter 2015
- 01/09/16 05:13 AM
I am delighted to share with you our 2015 Q4 Manhattan Report. Inside you will find a detailed analysis of residential real estate sales that closed in Manhattan in Q4 2015 (October 1st through December 31st).
Fourth Quarter 2015 wrapped up one of the most active years in Manhattan real estate, with steady sales activity during the quarter, a much needed increase in inventory, and median price hitting a ten-year high.
Key Findings of the Fourth Quarter Report:
· A new record price. The median price for an apartment in Manhattan reached $1,100,000, its highest level ever recorded. The median price per square foot is now $1,348,
manhattan: First Quarter 2015 Manhattan Market Report
- 04/02/15 09:20 AM
I am delighted to share with you our newly-redesigned Q1 Manhattan Report. Inside you will find a detailed analysis of residential real estate sales that closed in Manhattan in Q1 2015 (January 1stthrough March 31st).
Key Findings of the First Quarter Report:
· Robust sales. The pace of sales continues to be brisk. More properties closed in the First Quarter this year than in the prior quarter or in the same quarter one year ago.
· Higher prices. Significant price appreciation, especially in the condominium market, drove most price metrics higher year-over-year. The average price per square foot in Manhattan is now $1602.
manhattan: Rich Door - Poor Door - Middle Door?
- 03/15/15 03:34 AM
You've heard the media and political brou·ha-ha about “rich door, poor door.”
40 Riverside Boulevard AKA 470 West 62nd Street
55 newly constructed affordable housing rental units (20%) monthly rents from $833 - $1082 located at 470 West 62nd Street (so-called poor door) - 219 luxury condominium units overlooking the Hudson (80%) priced from $3M to $25 Million located at 40 Riverside Boulevard (rich door)
So-called "Poor Door" - 470 West 62nd Street
manhattan: 2014 Manhattan Townhouse Market Report
- 03/12/15 08:41 AM
2014 Manhattan Townhouse Market Report
The Manhattan townhouse market had a phenomenal year as all three price indicators rose by double digits. This was particularly true for price per square foot, in which every neighborhood and property type posted strong increases.
The number of single-family townhouse sales decreased 10% while multi-family townhouse sales increased 6%, leading to a 2% decrease overall. The only region that did not have an increase in sales versus 2013 was Downtown.
Throughout Manhattan, the top end of the market thrived as the number of sales over $10M increased 26% versus 2013 to a new record high.
manhattan: How to Buy in a New Development in NYC in 2015
- 02/23/15 11:03 AM
It may be cold out now but Spring 2015 is right arounrd the corner. Looking forward to a brand new start? There is nothing better than a brand new home. Be the very first to live in your home and enjoy brand new infrastructure throughout.
Once both parties have signed the Purchase Agreement and the Sponsor receives a deposit, the residence is considered "in contract."
A Sponsor can only send out one contract per unit at a time for a New Development deal.
This can be to your advantage to get a contract out on
manhattan: George Washington's Manhattan Headquarters
- 02/16/15 05:32 AM
Washington Heights is Manhattan's highest natural point (265 feet, in Bennett Park)
Manhattan's oldest house the Morris-Jumel mansion built in 1765 served as General Washington’s headquarters during the Battle of Harlem Heights in 1776 still stands at 160th Street, Manhattan's second highest point.
(Photo credit: Library of Congress Detroit Publishing Company Photograph Collection)
Its distinctive style was very advanced for its time. The land on which it sits, "Mount Morris," commanded views of downtown Manhattan as well as of New Jersey and Westchester.
During the decade before the Revolutionary War, the Georgian house, with its monumental portico and octagonal drawing room, was
manhattan: Manhattan Market Report | Third Quarter 2014
- 01/16/15 07:54 AM
Manhattan Residential Real Estate Market Report | Third Quarter 2014
This report uses market-wide data based on transactions that closed in the Fourth Quarter 2014 (October 1 through December 31st) and compares it to closings that took place last quarter and during the same quarter last year. Closings typically occur eight to twelve weeks after a contract is signed in the resale market but can occur several years later for new developments. For that reason, the sales activity discussed trails actual market conditions.
Key findings of the current report:
· Inventory challenges. Inventory has grown by 20%
manhattan: Just Sold! 45 Central Park North Apt 5E
- 03/17/14 06:23 AM
Just Sold!($30,000 above Ask)
45 Central Park North Apt 5E
Classic Five on Central Park North
manhattan: Tourism & Tech | NYC Outpaces Nation in Job Growth
- 05/14/13 02:57 AM
Tourism and Tech sector leading New York City's Economy. Arts and Culture spurs Tourism
Last year, New York City welcomed an all-time high of 52 million visitors, who had an all-time high $55.3 billion impact on NYC's economy. The NYC leisure and hospitality sector already employs more than 363,000 people in our city – an all-time record. Growth in our tourism sector is a big reason why NYC continues to outpace the nation in job growth.
NYC is seeing record growth in arts and culture. Tourism is a big reason why – because half of all tourists to
manhattan: Wordless Wednesday | Location. Location. Location.
- 04/24/13 05:22 AM
Buyers are buying. Sellers are selling. Landlord/owners are leasing. Renters are renting. I need inventory to sell and to rent.
March proved to be a strong month for condo and coop contract activity. Condo sales increased 16% compared to March 2012 despite a 26% decline in inventory. Average sale price for condos was also up 18% compared to last year.
The co-op market also had a strong month with an 11% gain in average price over last year. Co-op contract activity increased 10% compared to last month, and 4% compared to last year despite a 28% year-over-year drop in inventory
manhattan: Q&A - What Are Air Rights?
- 03/28/13 09:40 AM
Manhattan Real Estate Q&A
Q: What are Air Rights?
A: Air Rights are unused Development Rights.
Development rights generally refer to the maximum amount of floor area permissible on a zoning lot. When the actual built floor area is less than the maximum permitted floor area, the difference is referred to as “unused development rights.” Unused development rights are often described as air rights.
In townhouses or certain other buildings, air rights may be a factor in the sale. The building seller should get an independent survey to determine the correct air rights. Unless special permission is needed
manhattan: Speechless Sunday | 56 Leonard Tribeca
- 03/03/13 06:23 AM
A Global landmark designed by Herzog & de Meuron
Cascading sculpted surfaces and sparkling glass
Herzog & de Meuron custom design inside and out
Master Bath custom-designed by Herzog & de Meuron
Secondary Bath with marble mosaic tile walls
Simmering 75 -foot lap pool and hot tub
Library lounge: Custom fireplace, granite walls
25-seat Theatre with private terrace
An original Anish Kapoor sculpture at 56 Leonard
56 Leonard in Tribeca Now Selling!
Ranging in price from a 2BR for $3.625 million to a 4BR penthouse for $28 million.
manhattan: Merry Christmas and a Happy Holiday Season.
- 12/25/12 03:12 AM
Have Yourself A Merry Christmas and a Happy Holiday Season.
All my best wishes for a happy healthy and prosperous New Year!
Hope to see you in Manhattan in 2013!
Enjoy Some Christmas music and Manhattan Holiday Pictures Taken Around Town during the Holiday Season
manhattan: Affordable Housing the New Chic! Open Houses Today
- 12/09/12 05:32 AM
Affordable Housing in NYC - The New Chic!
Open Houses Sunday December 16th
517 West 144th Street Apt #8
Mint Renovated 3 Bedroom 1 Bath @ $349,000*
Open House 12 noon - 1:00pm
(Hurry take the "A" train or (#1, B or C) - the quickest way to get to Hamilton Heights, way up in Harlem
11 West 108th Street Apt. #33
2 Bedroom 1 bath @ $350,000*
Open House 1:30- 2:30 PM
Manhattan Valley - Upper West Side - Location, Location, Location (off Central Park West )
517 West 48th Street Apt. 5F
2 Bedroom 1 Bath @
manhattan: Happy Hanukkah 5773 (2012)
- 12/08/12 02:59 PM
(iPhone photo Courtesy of ©Mitchell Hall 12/8/2012)
Menorah at Broadway Mall
86th & Broadway
Upper West Side, Manhattan
The first night of Hanukkah begins tonight Saturday December 8.
During the eight nights and days of Hanukkah, we commemorate the ancient re-dedication of the menorah, lit once again in the Holy Temple of Jerusalem. The word Hanukkah (חֲנֻכָּה) translates as dedication or inauguration.
We mark this great miracle with the introduction of light – both physical and spiritual – into the darkest time of the year, watching as that light grows brighter and brighter each and every night.
manhattan: Q&A: What's Hot and New on Upper West Side
- 12/04/12 06:29 AM
Q: What’s hot and new on the Upper West Side Right Now?
Cupcake Mania! Magnolia, and newcomers Baked By Melissa and Crumbs 16 Handles (16 flavors of self-serve frozen yogurt, sold by weight, with tons of toppings Momofuku Milk Bar, Trader Joe's.
New Columbus Circle restaurants:
The Lincoln, The Leopard , Loi The Café at Alice Tully Hall & Epicerie Boulud (excellent food at reasonable prices)
o Robert (restaurant overlooking Columbus Circle and Central Park)
o Pecan (café)
o The restaurant at Fairway- quintessential UWS crowds, friendly & fun)
o Buschon Bakery’s 3rd floor (great desserts
manhattan: NYC | Hurricane Sandra on UWS Hurricane Sandy Downtown & Elsewhere
- 10/30/12 11:30 AM
Lower Manhattan below 34th Street has been devastated by hurricane Sandy. The Hudson river overflowed at 23rd Street onto 10th and 11th Avenue. The west side highway, a river. The East Village is under terrible floods as is Battery Park City. Fires in Chelsea and throughout the city. Sandy caused terrible damage perhaps the worst hurricane damage in NYC history. Sandy wrecked havoc through out the region.
Fortunately on the Upper West Side of Manhattan her name was Sandra. She didn't quite let her hair down here like she did downtown. Sandra took down a few trees, left a few puddles
manhattan: Just Listed | 517 West 48th Street 5F
- 10/04/12 06:52 PM
Sapacious and Affordable 2 Bedroom, 1 Bath
Prewar Home in Hell's Kitchen
manhattan: "Real estate is local" Gary Shilling Knows Nothing
- 09/20/12 05:21 AM
A broken clock gets the time right twice a day...
Gary Shilling, a broken record has never been right.
This week the media had numerous articles about the "so-called" famous economist Gary Shilling not ready to call the national housing market a bottom yet. In fact, he expects prices to drop another 20 percent from here and doesn't think we will see a bottom in the market for another several years.
Is Gary a day late and a dollar short? HA
Doeas anyone care what he thinks? Is there really a national housing market?
I can't speak for other markets but
manhattan: Wordless Wednesday | Brownstones, Limestones, Townhouses
- 08/08/12 06:46 AM
Upper West Side Brownstone
Upper West Side Limestone
Upper West Side Townhouses
New Yorkers lived in townhouses during the 19th Century. Single Family Townhouses and Mansions were made of Brownstone and Limestone. The Townhouse Market today is very desirable as single family homes and multi-family income producing rental buildings for investors.