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manhattan real estate: 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)

manhattan real estate: Dear Santa from a Savvy NYC Real Estate Agent, Child Advocate and Philanthropist - 12/23/11 04:01 PM

Dear Santa,
 
It's been a long chaotic day. Dragging myself home in my Jimmy Choo stilettoes, I saw all of Christmas decorations in stores and all of the last minute shoppers scurrying to buy presents.
I started thinking about Christmas and began daydreaming of all the things I'd like to see under my tree this year.
So Santa, here goes:
I'd like to ask you for a silver Jaguar, a fabulous penthouse at 15 Central Park West, mansions in the Hamptons and Santa Barbara, a villa in Italy, a cottage in the South of France, … (2 comments)

manhattan real estate: BROOKE ASTOR’S APARTMENT SELLS HALF OF THE $46M ASKING PRICE - 10/09/11 05:25 PM
More than four years after the death of society heiress Brooke Astor, her apartment has sold – at last! With an asking price of $46 million the Park Avenue duplex is being sold.
This remarkable duplex at 778 Park Avenue on the 15th and 16th floors reflects the renowned personal style of the late Brooke Astor, philanthropist and doyenne of New York society.
Designed in 1931 by Rosario Candela, New York's most celebrated luxury residential architect, this home has 4 brilliantly sun lit exposures. The architectural assets lend its charm to this home.  There are 15 large and beautifully proportioned … (2 comments)

manhattan real estate: 3 of top 10 most expensive U.S. homes sold in Manhattan - 04/06/11 03:04 PM
Billionaires are keeping the real estate world very busy across the country. Three of those expensive deals happened right here in Manhattan.
Coming in at number 6 on the list is a single-family townhouse sitting approximately 20,000 square feet on East 75th Street. Reportedly sold to private equity investor J. Christopher Flowers fro $53 million.
Coming in at No. 7 on the list is developer Harry Macklowe, who bought a Plaza Hotel condo for $51.5 million. The 13,000 square foot condo was bought by developer Harry Macklowe in 2007 for a cool $51.5 million.

Lastly coming in at No. 8, … (1 comments)

manhattan real estate: NYS real estate agency law: Have you heard about the changes? - 12/19/10 01:07 PM
Beginning January 1, 2011, New York State Real Property Law will bring changes that increase the transparency of the real estate process and offer increased protections for consumers and real estate brokers.These amendments will impact real estate brokers by requiring that agency disclosure forms be completed for all residential transactions and permitting consumers to give their advance consent to dual agency representation.Prior to the amendment, verbal consent for agency disclosure was accepted for multifamily buildings over four units. The new law specifies that a written agency disclosure form must be used for all residential transactions. In addition, the amendments have created … (0 comments)

manhattan real estate: 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)

manhattan real estate: A Tour of Just a Few of Manhattan's Neighborhoods - 08/28/10 02:19 PM
As a professional real estate salesperson, it's my job to know all of Manhattan's neighborhoods, and I wanted to share with my readers just a few of the places where I spend time. 
I live in the Sutton Place area and spend time on the Upper Eastside and Upper Westside of Manhattan shopping and visiting friends. In between is the Time Warner Center at Columbus Circle at Central West and 59th Street which is always a fun place to shop, dine and enjoy wonderful jazz concerts. And Central Park is directly across the street.
About Sutton Place: Sutton Place is the … (0 comments)

manhattan real estate: Balducci's is coming back to New York City - 08/28/10 11:00 AM
One of New York City's favorite gourmet food stores left Manhattan last year. Now Balducci's is coming back to the Big Apple!
Best known for their fabulous selection of meats, cheeses and Italian delicacies, Balducci's was a New York staple.
Crains just reported that in the fall Balducci's plans to open as many as three new locations and is looking at properties in Midtown, on the Upper East Side and the Upper West Side.
With Trader Joes now on the Upper West Side, Fairway opening next year on East 86th Street and Whole Foods opening on East 57th Street in 2012, … (1 comments)

manhattan real estate: NY Restaurant Week - Summer 2010 Coming July 12th -25th - 07/05/10 02:35 PM
    Every year, twice a year, New Yorkers and those visiting Manhattan get the opportunity to dine in some of the "best of the best" restaurants for a three course prix-fixe lunch at the amazing price of $24.07. Some restaurants even offer a three course prix-fixe dinner for $35.00.
This summer's Restaurant Week takes place between July 12th -25th.

Dine at the best New York City restaurants with the best chefs! Whether it's at Mario Batali's Del Posto,  Morimoto New York, Patroon, 21 Club, Spice Market,  Daniel Boulud's Café Boulud, One If By Land Two If By Sea, Nobu, Asia de Cuba, Aureole, The River Café, … (2 comments)

manhattan real estate: 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)

manhattan real estate: Manhattan rental market on a comback - 06/02/10 08:55 AM

According to Bloomberg News, the Manhattan rental market is making a comeback.New Yorkers who may not be ready to purchase and looking to rent in the country's largest and most complicated leasing market are now returning to the aggressive and competitive ways we used to find rentals.With less available rentals on the market, the day of negotiating with the landlord to cut the monthly price or throw in a free month or two of rent is pretty much over. After the financial crisis last year, landlords were offering all kinds of incentives to rent their apartments. Rents, which plunged following … (1 comments)

manhattan real estate: 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)

manhattan real estate: 1st Quarter Market Report 2009 - Manhattan - 05/25/09 06:43 PM
1st Quarter Market Report 2009
An 87% decline in closings over $10M from the 1st quarter of 2008 helped bring the average Manhattan apartment price down
11% to $1,0502, 399. The data for the first quarter of 2008 were significantly inflated due to the many closings at 15 Central Park West and The Plaza.
The median price actually rose 6% over the past year to $907,500 as new developments accounted for a larger percentage of closings. Overall, 58% fewer transactions were recorded compared to the same period in 2008.
… (0 comments)

manhattan real estate: Manhattan Real Estate Gets Busy - 02/15/09 04:31 PM
Over the past few weeks, apartment buyers have hit the Manhattan pavements searching for their dream homes. I know this because I am working with four buyers, am in contract on a property and speak with other agents who see the same traffic.
Despite media reports of banks not giving mortgages, many buyers are getting mortgages.While there are no fire sales, some buyers are making unrealistic offers... a few which have been considered.
For the most part, sellers understand that they have to be realistic in their asking price and price properly from the onset, or negotiate with buyers for the value … (0 comments)

manhattan real estate: NYC Restaurant Week EXTENDED Until February 27th - 02/07/09 12:46 PM
NYC Restaurant Week Winter 2009 EXTENDED until February 27th!
Lunch $24.07 | Dinner $35.00Three-course, prix-fixe meals are $24.07 and $35 respectively. Beverages, gratuities and taxes are not included.
In this recessio, New Yorkers and global real estate buyers enjoy a Manhattan ritual and participate in NYC Restaurant Week. 
Reservations are a MUST and are now open. Visit  nycgo.com and book your reservations directly through their web site with your American Express Card. When you use your American Express card, not only will you enjoy a fabulous meal, but American Express and NYC & Company will donate $.25 per transaction to City Harvest, up to $10,000 -- so … (0 comments)

manhattan real estate: New York City Restaurant Week WINTER 2009 - 01/15/09 01:42 PM

In this recession you can't beat these lunch and dinner offerings from the best restaurants in New York City/ Three-course, prix-fixe meals are $24.07 and $35 respectively. This year, for the first time ever, many of the participating restaurants are adding Sundays to the program, which has historically been weekdays only.
Click Here to Book your reservations today
 
      NYC Restaurant Week Winter 2009.January 18 - 23| January 25 - 30ree-Course Prix-Fixe Dining.Lunch $24.07 | Dinner $35.00Beverages, gratuities and taxes are not included.
With so many global buyers still coming to Manhattan to purchase apartments, it's a great time to … (0 comments)

manhattan real estate: 2nd Quarter Market Report - 07/31/08 10:04 AM
2nd Quarter 2008 Halstead Property Market Report
While the luxury market played a large role in increasing the value of the real estate market.  The sales from those apartments have continued to aide the market, even as the national business media focuses on the ailing national economy. 
Manhattan condo sales have slowed and inventory has grown, leaving developers to negotiate but not slash prices. The Upper East Side has seen fewer increases compared to more popular and trendy neighborhoods.
Those who want to live on the Upper West Side are being priced out and looking farther north.The greatest price cuts were … (0 comments)

manhattan real estate: Why New York Is An Amazing City To Live In / Localism Featured - 07/12/08 03:24 PM

ABOUT NEW YORK CITY
New York City is the largest most diverse metro area with 8.275M residents. Its rich history, the landmarks such as Ellis Island and the Statue of Liberty tell the world of our ancestors. Wall Street, the global financial market and economic ruler is home to the top 6 global financial firms. It has been a dominant global financial center since World War II and is home to the New York Stock Exchange. The city has been home to several of the tallest and most famous buildings in the world, including the Empire State Building and formerly the … (0 comments)

manhattan real estate: New York City Restaurant Week SUMMER 2008 ... Don't Miss It! - 06/22/08 11:43 AM
 
      NYC Restaurant Week SUMMER 2008.JULY 21-25 | JULY 28 - AUGUST 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.
Early Reservations are a MUST and begin on Monday, June 23rd. Visit  nycvisit.com/ and book your reservations directly through their web site with your American Express Card. It's as easy as that!
To sample restaurants in a neighborhood you might be thinking of moving to, take advantage of NYC Restaurant Week … (5 comments)

manhattan real estate: Tighter Mortgage Standards - 06/14/08 04:19 PM
With almost two-thirds of U.S. banks having raised their standards for mortgages to their most creditworthy borrowers, three-fourths of U.S. Banks made it more difficult for people with limited or bad credit to get loans.
According to a June 11 report by the Washington-based Mortgage Bankers Association, eighteen percent fewer mortgages will be written this year compared with last.
However obtaining a mortgage is not impossible.
Mortgage lenders are interested in traditional mortgage buyers who can document their income and assets and don't have sizable debts relative to their income. Potential buyers can no longer put 10 percent down. Most banks … (0 comments)