uptown: Three Cents Worth: The Ripple Effect When Rents Dip and Rise - 09/24/14 11:44 PM


 
This week's chart plots the vacancy rate and landlord concessionsagainst the change in rental prices. To be clear, Manhattan's vacancy rate has remained nominal for decades, hovering around 2 percent, but we get excited when market reports hype up the rise and fall by a few tenths of a percent. The vacancy moves are more subtle than the hype suggests, but they shouldn't be completely ignored.
Understanding the rental market is a little easier if the sales market is seen as a competitor (hint: people either rent or buy, so they affect each other). Last fall's Manhattan rental market saw weaker … (1 comments)

uptown: Brand New and Reduced Listings Available for Rent - 11/11/09 03:53 AM
Brand New and Recuded Listings Available for Immediate to Decmeber 1st Occupancy
Contact JAD Realty Group to schedule an appointment.
610-781-8417
www.jadrealtygroup.com

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uptown: Renters move back to Manhattan - 05/12/09 01:57 AM
Great Recession prices are drawing even the most loyal outer-borough dwellers back to Manhattan. The migrants hail from Hoboken, Astoria and the brownstone blocks off Prospect Park, as New Yorkers who found themselves priced out of the gilded isle in the boom years are bidding farewell to long commutes and skinny-jean chic.
Among the lures: $1,600 one-bedrooms on the Lower East Side. Lenient landlords who no longer require security deposits. And an overriding sense that an obscenely overpriced borough is now, well, slightly more reasonably overpriced.
“There’s a part of me that feels like I’m cheating on Brooklyn,” said Keith O’Brien, … (0 comments)

uptown: Manhattan Rental Market Report - 04/16/09 02:58 AM
As the first quarter closes, we find that prices in Manhattan continue to lag in year-over-year comparisons. The largest difference this month is in doorman studio units, which decreased 10.43%. Doorman two-bedrooms were the relative stand-outs this month, only having fallen 2.59% since this time last year. It should be noted that these numbers do not take into consideration concessions, which would likely have shown an even more prominent downward trend, especially in doorman units.
In month-to-month comparisons, non-doorman units are flat overall, while doorman units fell 2.01%. Hidden within the data was actually an increase in non-doorman two-bedroom units by … (1 comments)

uptown: ***REDUCED*** Upper East Side Brand New One Bedroom Under Market Rent - 12/12/08 01:48 AM
**NEW PRICE - RENT REDUCTION**
Upper East Side Brand New One Bedroom - Below Market East 70S
For more information contact JAD Realty Group:
Jeffrey Ditri
610.781.8417
jeffrey@jadrealtygroup.com

**NEW PRICE - RENT REDUCTION**
Upper East Side Brand New One Bedroom - Below Market East 70S
For more information contact JAD Realty Group:
Jeffrey Ditri
610.781.8417
jeffrey@jadrealtygroup.com
 
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uptown: Buying a condo, one piece at a time - 12/12/08 12:45 AM
 
New rent-to-own programs are allowing tenants to use their rent toward down payments  
In the rent-to-own program at the Decora in Williamsburg, all rent goes toward the down payment.
As the market sours and potential first-time buyers become more indecisive about whether it makes sense to plunk down money for a purchase, some developers are allowing them to hold off on the big decision. Those developers, who are predominantly in Brooklyn, are trying to woo would-be buyers with deals that allow them to rent a unit in a condo building while at the same time putting their monthly rent … (1 comments)

uptown: During down market, trade up - 12/12/08 12:28 AM
Brokers say the down commercial market is a good time for companies to trade up to better buildings and better built-out spaces. A large downtown block of space that's available and fully built-out is Citigroup's 1.2 million square feet at 125 Broad Street, at South Street. Citigroup notified landlord Mack-Cali Realty Trust that it won't be renewing its space there at the end of 2009, and can make space available sooner as some of the floors are sitting empty.
 
125 Broad Street
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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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