new york city: NYC hotels see 80% dive in occupancy - 04/02/20 07:59 AM
Occupancy declines further in another pummelling week
 
Hotels across the country — including the Plaza Hotel in New York and Chateau Marmont in LA — have shuttered and laid off and furloughed staffers.
 
 
The picture for the country’s hotels continued to grow ever worse last week, as more than three quarters of the nation’s hotel rooms sat vacant.
 
Nationwide, occupancy fell almost 68 percent to an occupancy rate of 22.6 percent during the week of March 22 to March 28, according to the hospitality data firm STR. The rate of decline accelerated from a drop in occupancy of roughly 56 percent the week before.
 
STR … (1 comments)

new york city: New York state halts evictions statewide due to coronavirus - 03/19/20 05:48 AM
 
Governor Andrew Cuomo 
 
Amid the coronavirus pandemic, New York officials have suspended eviction proceedings indefinitely.
 
In a memo, New York’s Chief Administrative Judge Lawrence Malks said that starting Tuesday, eviction proceedings and pending eviction orders will be suspended statewide, until further notice. The judge’s rule will apply to all evictions, including commercial evictions.
 
News of the statewide moratorium follows a judicial ruling on Friday that imposed a ban on evictions in New York City for a week.
 
Though the courts will continue to remain open, effective Monday, March 16 at 5 p.m. all “nonessential functions of the court will be postponed,” Lucian Chalfen, a spokesperson for the … (1 comments)

new york city: This UES townhouse listed for $77M in 2015. It’s back. - 01/08/19 05:40 AM
12 East 63rd Street is available again, now with a $10M discount  12 East 63rd Street
 
If at first you don’t succeed, wait four years and try again.
 
A mansion on the Upper East Side that was on the market four years ago for $77 million has just been re-listed for a reduced price of $67 million.
 
The seven-story townhouse is at 12 East 63rd Street, between Fifth and Madison avenues, is back on the market for $5,153 a square foot. The home has seven bedrooms and eight-and-a-half bathrooms, spread across 13,000 feet of internal space, as well as a … (0 comments)

new york city: The top 10 biggest real estate projects coming to NYC - 06/11/18 07:28 AM
 
A 17-story affordable housing development in the Bronx topped the list  
 
A mixed-use affordable housing development in the Bronx was the largest project filed with the city in May.
 
Jorge Madruga’s Maddd Equities is planning a roughly 274,000-square-foot development at 1164 River Avenue. The 17-story building will contain 250 affordable housing units and is part of a 750-unit complex the company is planning across two buildings on River Avenue.
 
Other large projects filed in May include a 201-unit residential project on the Greenpoint waterfront, a new hotel from Sam Chang in Long Island City and a 129-unit residential project from HAP Investments in Washington … (0 comments)

new york city: 10 Ways Millennials Are Changing The Real Estate Business - 03/05/15 12:19 AM

Millennials are more likely to contact their real estate agent by text than by phone or email.
 
For decades, the telephone has been the real estate agent's tool of the trade.
But a new wave of younger home buyers is changing the way agents use those phones.
Millennials, born between 1980 and the late '90s, don't want to talk. They want texts.
"We're on our phones all the time, and this generation does not like to pick up the phone," says Player Murray, managing broker at Berkshire Hathaway HomeServices York Simpson Underwood Realty in Raleigh, North Carolina. "They don't want to … (0 comments)

new york city: 24 Photos of Union Square Before You Were Born - 10/29/14 12:12 AM
  Because it's Tuesday, we dug through the photo archives to find two dozen antique images of Union Square. Most of these are more than 100 years old, showing an era when ladies wore giant flowered hats, trolleys cut through the park, and anarchists rallied in the square. 
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new york city: 40 Secret Gardens, Parks And Green Spaces Hidden Across NYC - 08/15/14 03:38 AM

Now that summer is really and truly upon us, we thought we'd explore some of the lesser-known green gems tucked away in far-flung corners of New York City. When everyone you know is spreading an old sheet out on a grassy knoll in Prospect Park or taking their cousin for a stroll along the High Line, a storehouse of under-the-radar spots becomes crucial. From unexpected oases in the atria of office buildings (Ford Foundation, we're looking at you) to 17th-century farmhouses that still keep piglets in a pen and crops a-growin' (oh hey, Queens County Farm Museum), there's a destination for … (3 comments)

new york city: THE MUST-READS: 22 ESSENTIAL NEW YORK NEIGHBORHOOD BLOGS - 08/11/14 01:02 AM
Even in a city with six daily newspapers, there's far more news than any one publication could cover, especially when it comes to the nitty gritty stuff that happens at the hyper-local level--new bars, new developments, the closing of beloved corner businesses, updates on your subway stop of choice, and everything in between. 
Filling the gap is a vibrant ecosystem of neighborhood blogs that cater to new transplants and life-long residents alike, consistently breaking stories the bigger guys get to months after the fact, and doing it from the perspective of people with the same day-to-day concerns as you.
Admittedly, some parts of the city are more … (0 comments)

new york city: HOW DO I COMPILE A GREAT-LOOKING CO-OP BOARD PACKAGE? - 07/28/14 09:43 PM
Q. I have to make six copies of a board package. I want to impress! Are three-hole binders okay? Plastic sleeves? Binder clips? Stapled? Should I include tabs for sections? Any other advice for making a great impression? Or what to avoid?
A. The co-op board package is a crucial component of getting the apartment you want, so it’s important to make sure your package is professional-looking, well-organized and easy to read, our experts say.
In one neat bundle, it details your finances, employment background, personal qualifications, plans for the apartment, and other information to convince board members that you’re not only a … (1 comments)

new york city: Tour an Impressively Roomy 425-Square-Foot NYC Apartment - 07/09/14 01:51 AM
[All photos by Will Femia.] Is this the most spacious 425-square-foot apartment on the Upper West Side? It's definitely a contender. Owner Huxley Somerville is a finance exec who bought the space for $95,000 in 1994, telling theTimes he saw it as an ugly duckling. A compartmentalized duplex on the fourth and fifth floors of a 73rd Street walk-up, it had a distinct living room, kitchen, bathroom, bedroom, and terrace across multiple levels. Despite the condition, he and his wife lived there until '97, then rented it out, till their tenant eventually left, too.
So, almost 15 years post-purchase, they decided to overhaul the recent-college-grad pad into a pied-a-terre, hiring Specht Harpman Architects to … (1 comments)

new york city: THE DREADED TENANT BLACKLIST: WHAT YOU NEED TO KNOW - 07/08/14 10:46 PM
Jeffrey Zeldman
The family of three living on the Upper West Side stopped paying rent when they discovered their apartment was riddled with mold, causing the wife to fall seriously ill. When the landlord wouldn’t address the issue, they decided to move out, and fast, winding up in a hotel. 
But their troubles didn't stop there. They ended up on the so-called tenant blacklist and subsequently had major problems securing future apartments.
These blacklists are not a new phenomenon, but New Yorkers have recently been paying more attention to them, and the problems associated with winding up on a list. (See, for example, … (0 comments)

new york city: NO VACANCY: PRO TIPS FOR THE SMALL LANDLORD SEEKING A RENTER - 06/25/14 02:21 AM
 
One of the hardest parts of renting out an apartment is finding a good tenant; these four methods are your best bets
If you're looking to rent out the top floor of your brownstone or sublet your apartment during a posting abroad, you'll no doubt want to find a respectful, financially stable renter.
But where's the best place to lock one down? Take a cue from professional property managers and landlords, who let us know the best ways for smaller owners to locate good tenants.
Post an online ad: The easiest way to reach renters is, not surprisingly, by posting ads on any number … (1 comments)

new york city: Eight out of 10 Manhattan homes bought all with cash - 05/16/14 12:34 AM

In Manhattan real estate, cash is king.
While about four out of every 10 homes sold in the U.S. in the first quarter were paid for entirely in cash, Manhattan’s rate is much higher.
In fact, eight out of 10 homes in the borough were bought with cash during the last three quarters, according to RealtyTrac.
Darren Blomquist, vice president at RealtyTrac, told the Washington Post that the high rate of cash transactions might be fueled by foreign investors who are buying property in New York. Chinese buyers, especially, are increasingly active in the market.
Tight credit, along with a low supply … (0 comments)

new york city: Where To Find Cheaper Rentals in Five Expensive NYC 'Hoods - 05/15/14 10:07 AM

The folks over at rental listings site Zumper have parsed current listing data for five New York City neighborhoods in an effort to suss out their "cold pockets"—that is, little swaths in which the median rent for a one-bedroom apartment is significantly lower than the same figure for the area as a whole. Curbed has explored some parts of town already, so onto another five. Above, in Hell's Kitchen, find cheaper one-bedrooms between Ninth and Eleventh Avenues, south of 51st Street. The 1BRmedian there is $2,600, compared with $3,200 for the entire neighborhood.

In Brooklyn Heights, renters looking to save a few (hundred) bucks should aim south of Pineapple Street. There one-bedrooms like … (2 comments)

new york city: Union Square One Bedroom Apartment Rental East 17th Street Fireplace - 05/08/14 10:42 AM
Steps to Union Square and Irving Place
East 17th Street & Park Ave Fireplace Dishwasher 650 SQFT May 15th
Well maintained historic walk up building, separate kitchen including a dishwasher, dining alcove area, large living room featuring a fireplace, tiled bathroom, high ceilings, bedroom can fit a queen size bed, northern exposure view, live in super, excellent location; near all transportation, restaurants, Irving Place, Gramercy Park, and Union Square!





 
 
 
 
 
 
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new york city: NYC'S MOST UP AND COMING NEIGHBORHOODS - 04/17/14 01:27 AM
No other city changes as quickly as New York City. It's easy to feel behind on the latest trends, restaurants and hotspots. As Manhattan luxury apartment specialists, we're happy to provide you a bit of foresight into NYC's most up and coming neighborhoods.
Lower East Side

What it Was: 
Just south of the East Village, the Lower East Side used to be an immigrant/working-class neighborhood in the 80’s and 90’s.
What's Changed: 
Beginning in the early 2000’s, the LES started developing with lots of trendy restaurants and bar life.
What's Coming (photo above):
The once vacant parking lot on Delancey Street will become The Essex Complex … (0 comments)

new york city: Looking at the Hidden Costs of Living in New York - 03/19/14 01:40 AM
Today’s article is about some of the hidden costs of living in New York. We’ve looked at three key expenses – food, travel and entertainment – to see how they vary across the boroughs. While the numbers aren’t the same everywhere (New York is expensive!), the concept is; when you’re considering where to live, there are lots of variables that aren’t included in the rent.
For more info, go have a look at SmartAsset’s article on the diverse rental economies in four major cities – New York, Boston, Chicago and Los Angeles, and at Moven’s infographic showing some of the key factors you should … (2 comments)

new york city: The Most Popular Manhattan Rental Listings Of The Last Week - 11/20/13 11:59 PM
  Yesterday we rounded up the top 10 most expensive rental listings in the city, but those places aren't exactly where most of the city's renters are looking. So today, we are looking at the top 10 most popular Manhattan rental listings of the past week, according to data from StreetEasy. The listings, which were sorted by the number of pageviews, highlight that everyone is always searching for the best deal—the most expensive unit on this list is a $3,000/month two-bedroom.
↑10) 32 East 7th Street, East Village
The listing for this two-bedroom makes no mention of a living room, and judging by the photos, there may not be one. … (0 comments)

new york city: Mapping the Median Rents in New York City - 11/06/13 12:13 AM

[Median rents for 1BRs and 2BRs]
The number crunchers over at rental listings website Zumper, in addition to finding New York City's cold pockets and figuring out how much money your commute saves you, have put together these more straightforward infographics identifying the median rent for the past month in each Manhattan neighborhood (as well as a few in Brooklyn and also Astoria). The breakdown: the median price this past month was $3,150 for a 1BR and $4,398 for a 2BR. The most expensive neighborhood was Tribeca (no surprise there) for both 1BRs ($4,180) and 2BRs ($6,275), while the second and third spots for 1BRs went to Greenwich Village and … (0 comments)

new york city: Private Elevator and Terrace 4 Bedroom Brand New Renovations Stainless Steel Appliances Gramercy/East Village - 04/26/13 08:09 AM
Brand new rental converted building, private elevator that opens up into apartment - large entry foyer, separate kitchen includling stainless steel appliances and granite counter tops, marble bathroom, large living room with two skylights, exposed brick wall throughout, walk in storage closet, each bedroom can fit a queen size bed, smaller fourth bedroom or home office area, private access to 200 square foot terrace! Excellent Gramercy location; near all transportation, restaurants, the East Village, Union Square, Murray Hill, Midtown East, the East River, downtown, SoHo, and Madison Square Park!
 

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Jeffrey Ditri, New York City Residential Rental Specialist  (JAD Realty Group, LLC.) Rainmaker large

Jeffrey Ditri

New York City Residential Rental Specialist

Manhattan, NY

More about me…

JAD Realty Group, LLC.

Address: 1386 Lexington Avenue , ny, ny, 10128

Office: (610) 781-8417

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