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condos: Manhattan 4th Quarter 2011 Market Report - 01/07/12 07:08 PM
Over the past year, a sharp decline in condo sales lowered the overall average and median Manhattan apartment sales prices over the past year. 
Condo closings feel 24% from the 4th Q2010 accounting for only 40% of all apartment sales.
The economic and financial turmoil that began in the late summer led to fewer transactions than a year ago. 
While there was stagnation in hiring recently, New York’s recovery remains well ahead of schedule.  This combined with a relatively low rate of available apartments has led the Manhattan market to continue to outperform the rest of the nation.
Click Here to … (0 comments)

condos: Manhattan Holiday Tipping Guide 2011 - 12/14/11 10:07 AM
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This is a repost from my Annual Manhattan Tipping Guide.
 
 The holiday season is here and it's time to start thinking about tipping for services in our apartment buildings.
For those living in Manhattan, holiday tipping is the norm and can seem endless.
While it's important to be generous, it's also important to be realistic about what you can afford. Especially in our current economic climate.
Some Manhattan apartment buildings pool tips so the workers receive one lump sum. Most leave it up to the individual resident.
I hope you will find the … (0 comments)

condos: Third Quarter 2010 Market Report - 10/10/10 07:15 PM
It is important for first-time home buyers to learn as much as they can and become more educated about the latest market reports where they are considering purchasing a home. 
If you're a first-time home buyer and ready to purchase a home in New York City, the city is fortunate in that our recovery from the recession continues to advance ahead of schedule. The improvement is well reflected in the Manhattan residential market. 
"In 2010, over 55, 000 jobs were added in NYC bringing the city's unemployment rate to 9.4% in August. While still high, it is a full 1% lower … (0 comments)

condos: Even some Presidents were affected by the housing crash … yet more New Yorkers plan to buy homes - 06/12/10 04:18 PM
U.S. presidents live in homes that most people dream about. Yet, according to Forbes Magazine, it seems that a few presidential manses have shed value in the economic downturn.Zillow reported that the value of President Obama's home in Chicago is off by 20%.Even the value of Camelot, the Kennedy compound in Hyannis is reported to be down 25% to 30%," says Amy Massey-Weider, who runs the Century 21 Shoreland real estate brokerage in nearby Hyannis. The news is good for those who dream of buying a little slice of the shores where the Kennedys live and play. Here is Forbes' List … (1 comments)

condos: First quarter 2010 Manhattan real estate sales report - 06/02/10 08:52 AM
The first-quarter market reports arrived last month with fairly good news for the city.The past few quarters showed an overall market dominated by first-time homebuyers and sales under $1 million. According to Halstead Property and Brown Harris Stevens reports (both companies are subsidiaries of Terra Holdings and share the same data) Co-ops sold during the first quarter were an average of 12 percent larger than a year ago. Click here to view Halstead Property's 1Q_2010 Market Report
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condos: NYC Green Markets Open For The Season - 05/16/10 02:20 PM

 
 
 
 
 
 
 
 
 
 
 
 
The season is here along with beautiful weather --- and with that comes the opening of Green Farmer's Markets all over New York City.
Here you can shop for fresh, locally-grown food, in a safe and fun gathering place were neighbors can come together to talk to farmers, share recipes and watch cooking demonstrations.
Open Now in Manhattan:
57th Street Saturday & Wednesday 77th Street Sunday -- inside the schoolyard 4/25 to 5/9! 97th St Friday  --   EBT accepted! Abingdon Square Saturday Bowling Green Tuesday & Thursday Columbia Thursday & Sunday Dag Hammarskjold Pl … (1 comments)

condos: 1st Quarter 2010 Market Report - 04/03/10 12:26 PM
The Manhattan residential real estate market continued its slow improvement in the first quarter of 2010. We're beginning to see a good recovery.
2009 saw strength and value in lower-priced apartments, while 2010 is showing strenth and value in the larger sized apartments.
Click here to read Halstead Property's 2st Quarter 2010 Market Report
For more information feel free to contact Ross Ellis via E-Mail
… (0 comments)

condos: New York City doorman and apartment building workers strike alert! - 03/28/10 12:34 PM

To date, talks between 32BJ and leaders of NY's Real Estate Industry made no progress on a new contract for 30,000 doormen and other apartment building workers.
The negotiations for a new multi-year contract covering more the 30,000 apartment building workers began on March 9 between 32BJ and the Realty Advisory Board (RAB), an industry association representing most building owners in New York City. Failure to reach an agreement could lead to a strike directly affecting more than one million New Yorkers living in over 3,200 apartment, condo and co-op buildings in Manhattan, Brooklyn, Queens and Staten Island.
At midnight, … (1 comments)

condos: New York Real Estate Term Glossary - 11/08/09 03:32 PM
New York City is like no other. And when it comes to real estate in this glorious city, it's good to have an experienced broker whether you're buyng or selling ... and it's good to know basic terminology.
Glossary of Terms
Abstract of Title A historical summary of the recorded instruments and proceedings on the title of a property.
Air Rights The right to use or control the space above a property. Air Rights can also be sold, rented or leased to another party.
Amenities The benefits from home ownership, such as a feature that enhances value.
Appraisal An estimate of … (0 comments)

condos: Third Quarter 2009 Manhattan Sales and Rentals - 10/03/09 10:40 AM
Third Quarter 2009 Manhattan Sales Market Report
Third Quarter 2009 Manhattan Rental Market Report
 
… (0 comments)

condos: Third Quarter 2009 Manhattan Market Report - 10/03/09 10:34 AM
Third Quarter 2009 Manhattan Market Report is in
While the residential market is not back to where it was before the collapse of Lehman Brothers, things have improved over the past several months. 
With a slow start, the spring buyimg market picked up. National housing indicators are turning around and job losses are slowing. Many feel that the worst is now behind us.
The average price for Manhattan apartments was $1,274,563 during the third quarter of 2009, up slightly from the prior quarter.  While the average price is still 13% lower than a year ago, this is an improvement from the second quarter's … (0 comments)

condos: New York City Restaurant Week Summer 2009 Is Here - 07/04/09 09:32 AM
It's that time again! New York City Restaurant Week Summer 2009 is almost here! New Yorkers and tourists alike will be able to enjoy an extended Restaurant Week and dine at Manhattan's trendiest and best restaurants from July 12-31, 2009. New York's top restaurants will serve three-course lunches for $24.07. FYI -- the discounts are not good on Saturdays, though some restaurants are offering deals on Sundays and three-course dinners for $35.00 (beverage, tax and gratuity not included). Reservations began on June 30, 2009 and participating restaurants include Megu, Spice Market, Dos Caminos, Nobu, Tao, One If By Land, Two If … (0 comments)

condos: 2nd Quarter 2009 Manhattan Sales Market Report - 07/04/09 09:04 AM
Second-quarter sales prices fell nearly 20% in a year, while sales volumes drop like stones. The number of months on the market now doubles the decade's average.
The Manhattan residential real estate market showed little sign of recovery during the second quarter.
Some of the reports attributed the second-quarter price drop-off to sales back in early 2008 of high-priced units at The Plaza and 15 Central Park West. Some apartments at those luxury buildings sold for as much as $4,000 per square foot in the second quarter of last year. Greg Heym, chief economist at Halstead Property, said "adding that this year's … (0 comments)

condos: Buying A Home - 03/07/09 11:03 AM
       
It occurred to me after speaking to someone who recently bought an apartment on their own, that many people do not know what a Buyer's Broker is.Had she had a Buyer's Broker representing her she would have saved approximately $60,000.00 and it would not have cost her a penny. Yet she had no idea that she could have her own broker represent her.Working with a Buyer's Broker offers buyers every advantage. The Buyer's Broker works solely for the buyer, yet they work with ALL of the Seller's Brokers -- especially in Manhattan. This means that buyers can preview apartments from … (0 comments)

condos: Manhattan Is A Buyer's Market - 02/07/09 02:15 PM
Manhattan is a buyer's market and with prices going down ... NOW is the time to buy!!!
If you need to move (downgrade or upgrade), if you're a first time buyer, now is a great time to buy. Mortgage rates are low and prices are negotiable.
While there are no fire sales, you can be assured that if you buy an apartment in Manhattan today, your property's value will greatly increase in years to come.
Before beginning, it is important to outline the different forms of ownership available to purchasers of Manhattan property. Those forms are Cooperative, Condominium, Cond-op, and Townhouse … (0 comments)

condos: Holiday Tipping in Apartment Buildings - 12/06/08 12:39 PM
 
The holiday season is here and it's time to start thinking about tipping for services in our apartment buildings.
For those living in Manhattan, holiday tipping is the norm and can seem endless.
While it's important to be generous, it's also important to be realistic about what you can afford. Especially in our current economic climate.
Tips in decent class buildings (not Park and Fifth Avenues) run between $20 and $300, and it's not uncommon for supers to accumulate well into the five figures.
Porters and doormen see anywhere between $2,000 and $10,000, depending on the size of the … (0 comments)

condos: Living Green - 06/14/08 01:40 PM
While new developments in Manhattan are becoming more environmentally conscious, there is a new "green" architectural beauty, which will be home to 251 condominium residences with expected occupancy in 2008. Designed by Pelli, the green building will utilize natural and environmentally safe building materials throughout. From eco friendly paints, pesticide free rooftop gardens to the custom bamboo cabinets and wood flooring that was harvested in accordance with the Forest Stewarship Council.
Of course, this is just one new development. No matter where you purchase your new home in Manhattan or anywhere else in the country, you can still live "green."
For … (0 comments)

condos: Manhattan Real Estate Slower, But Still Not In A Slump - It's A Good time For Buyers - 05/10/08 05:27 PM
    
Foreclosures across the country are increasing in numbers, but not in Manhattan.
The reason is partly due to closings at 15 Central Park West and The Plaza, and partly because of the increase of foreign buyers.  Additionally there has been activity from domestic buyers with new Manhattan developments.
The median sales price of Manhattan condo, co-op and cond-op apartments dropped in January from the month prior to $850,000 from $928,378 - a 9.2 percent change
According to Wells Fargo Economics, the April 2008 economic data showed a fair amount of economic stabilization, suggesting the slump hasn't gained much momentum. … (0 comments)

condos: Various Types Of Manhattan Residential Ownership - 01/22/08 04:14 PM
Cooperative
This type of home ownership, is when one owns shares of stock in a corporation that owns the building. These shares are considered "personal property" similar any other shares of stock. For tax purposes, the IRS has recognized this form of ownership and under normal circumstances any mortgage interest incurred by an owner is considered tax deductible. The corporation (Coop) issues to each shareholder a "proprietary lease" which gives the shareholder the right to occupy their specific apartment. In addition, the corporation elects a board of directors who are responsible for overseeing the daily operations of the building, enforcing the … (0 comments)

condos: Coming to NYC to Purchase an Apartment? Make Sure You Enjoy NYC Restaurant Week Winter 2208! - 01/20/08 05:56 PM
   
NYC Restaurant Week Winter 2008.Jan 21-25 | Jan 28-Feb 1Three-Course Prix-Fixe Dining.Lunch $24.07 | Dinner $35.00Beverages, gratuities and taxes are not included.
With so many global buyers coming to Manhattan to purchase apartments, it's a great time to enjoy a Manhattan ritual and participate in NYC Restaurant Week.
To sample restaurants in a neighborhood you might be thinking of moving to, take advantage of NYC Restaurant Week Winter 2008  ... The Best Restaurants ... The Best Prices!
For ten days in January and ten days in June/July, more than 100 of New York City's top restaurants offers three course lunches for $24.07 and … (1 comments)