new york city: Market Overview March 2008 - 03/04/08 08:02 AM
The first quarter is almost over and here is where we stand on prices. 
I thought it might be interesting to pass the market stats for Manhattan Sales.
Average listing prices :
Studios $636,942
One Bedrooms $938,994
Two Bedrooms $1,703,963
Three Bedrooms $3,229,273
 
 
The address everyone seems to want is UES. Here are some sprinklings of listing available now...
Rentals:
Studio on East 81st $1725
Studio on East 74th $1750
1 Bedroom on East 85th $1975
2 Bedroom on East 84th $2695
Sales: 
The Henry T. Sloane Mansion on East 68th $64,000,000 
Well you get the idea, the market has slowed but the bubble hasn't burst :)
 
 
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new york city: Before the Violence Starts - 01/11/08 01:20 AM
Tenant Law.  Let me first state that I am not a lawyer and can offer no legal advice.  But what I will offer is a few tips on keeping the peace between you and the landlord.  The information below pertains to normal buildings and not disputed properties that are under undue distress to get rid of tenants inorder to sell. If your dealing with a major problem in NYC the try http://tenant-adviceandalert.com/  or dial 311 and ask for help.
When you rent an apartment in New York City (and most other places) you sign a lease and in turn you should receive … (1 comments)

new york city: The Price of Admission - 01/10/08 03:38 PM
For the few and the proud (about 8+ million in all) who live in the urban jungle of Manhattan there are many costs involved in renting and owning. The biggest price of admission is provable income. Unlike the mortgage debacle with "Stated" Incomes, Landlords in Manhattan want to see hard valid statements of income, and a lot of it! The standard formula is 40x the monthly rent + sterling credit (700+) nothing in the public record etc. And for goodness sakes don't end up in Landlord / Tenant Court.
The included graph shows just what it takes to rent in the … (3 comments)

new york city: MANHATTAN DEFIES $LUMP - 01/03/08 05:27 PM
Happy New Year! 
Get out the checkbooks, your going to need them. 
I won't rehash the article, just check out the link below.
MANHATTAN DEFIES $LUMPAll I will say is that Apartment prices are going INSANE.  If the new planned Columbia expansion happens, watch out! If you own property up that way it is going to skyrocket much like Coney Island has and they haven't even taken a shovel to the ground. 
If you look to Long Island City the base price for
    500 sq ft Studio is about $2000 give or take $100.  
    1000 sq ft Live / Work loft $3200
    … (0 comments)

new york city: 12/10/07 Apartment Picks - 12/10/07 12:48 AM
I did an open house for this property this weekend. This is really a nice one bedroom. High ceilings, huge double stacked closet and and pretty good working kitchen space round out this Upper East Side (mid 80's) Apartment.
 
 
  
 
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Andrew King

Avalon, NJ

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