ross ellis halstead property: 1Q17 Manhattan Market Report - 04/04/17 08:48 AM
The Manhattan apartment market rebounded in the first quarter, as both prices and the number of sales rose for resale apartments compared to a year ago. The average resale price rose 5% to $1,561,911—its highest level since the second quarter of 2015. A new record was set for the resale median price, which at $955,000 was 3% higher than 2016’s first quarter. There were 1,795 resale closings reported in the first quarter, which was 5% more than a year ago.
Including new developments, the average price for all apartments reached a new record of $2,174,105. The median price for all apartments of … (1 comments)

ross ellis halstead property: Just Published: Halstead Annual Report 2003-2016 - 03/31/17 01:42 PM
Over the past 14 years, Halstead has offered the most comprehensive annual report available on the Manhattan apartment market.
Over 200,000 verified sales are included, a number of which were recorded after our quarterly market reports were released.
Also provided is a summary of relevant economic indicators, including data on employment, Wall Street, building permits and interest rates.
Highlights in the report:
• Manhattan apartment prices averaged a record $2,063,252 in 2016, 14% higher than the prior year.
• New developments were solely responsible for the increase in average price, as resale prices declined slightly last year.
• The average new development price … (1 comments)

ross ellis halstead property: Q2 2016 Manhattan Residential Market Report - 07/01/16 03:40 AM
Luxury new development closings kept the average Manhattan apartment price over $2 million for the second straight quarter. At $2,077,680, the average price was 16% higher than a year ago and just below the record set in the first quarter of 2016. The median price of $1,110,000 was down slightly from the first quarter, but still a 13% improvement from a year ago. The stock market turmoil at the start of the year played a major role in the 22% decline in resales from 2015’s second quarter.
The average resale price fell 4% from a year ago to $1,527,641, and has barely … (0 comments)

ross ellis halstead property: Q1 2016 Manhattan Residential Market Report - 04/05/16 05:08 AM
The average and median apartment prices reached record levels in the first quarter, with a large number of luxury new development closings. With the help of 432 Park, a record number of new development closings topped the $10 million mark. New developments were also responsible for the 10% increase in the total number of sales from a year ago, as new development closings jumped 70%.
Looking at just the resale market, the average apartment price fell 1% from 2015’s first quarter to $1,542,348. A decline in luxury resales was primarily responsible, as the median resale price hit a new record of $965,000. … (1 comments)

ross ellis halstead property: 4Q 2015 Manhattan Residential Market Report - 01/09/16 01:20 AM

Both the average and median apartment price reached record levels in the fourth quarter. At $1,944,744, the average price for all apartments was 10% higher than a year ago and 5% more than the prior record set in 2015’s first quarter. The median price crossed the $1 million mark for the first time, climbing 18% over the past year to $1,150,000. The total number of closings was 12% higher than the fourth quarter of 2014, fueled by a sharp rise in new development closings.
Two key events led to these record prices. First was a rise in new development closings, which accounted … (1 comments)

ross ellis halstead property: My Annual Manhattan Holiday Building Tipping Guide - 12/05/15 06:03 AM
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. 
Apartment Building Superintendent: $75-$500. Tip less if you tip throughout the year. Apartment Doorman/Concierge:  $25-$125 or more each, depending upon building. Those who serve you more should get a bigger tip even though you may feel like giving them a lump of coal! Apartment Building Handyman And Porters: $20-$60 each Apartment Building Elevator … (1 comments)

ross ellis halstead property: 3rd Quarter 2015 Manhattan Residential Market Report - 10/13/15 09:31 AM
In the third quarter, the median price of a Manhattan apartment reached a record high of $995,000, an 11% gain from the prior year. Fewer high-end resale closings brought the average apartment price down from the second quarter, but at $1,722,955 was still 5% higher than the third quarter of 2014. While high-end resale closings were down, overall there were 9% more apartments sold than in 2014’s third quarter. A jump in new development closings helped fuel this increase.
Over the past year, the average price for co-op and condo resale apartments fell, attributable to declines in three-bedroom and larger apartments. All … (1 comments)

ross ellis halstead property: 2nd Quarter 2015 Residential Manhattan Market Report - 07/05/15 10:11 PM
Manhattan apartment prices averaged $1,809,146 in the second quarter, down slightly from the first quarter’s record level, but 8% more than a year ago. The median price also fell slightly from the prior quarter, but was 6% higher than the second quarter of 2014.
Cooperative Average Sale Price The average cooperative sales price rose 11% over the past year to $1,360,013. All sizes of co-ops posted an increase in their average price compared to 2014’s second quarter.   Condominium Average Sale Price Condominiums saw prices increase for all size categories over the past year, led by a 13% gain in the average price for studios. At $2,439,669, the … (1 comments)

ross ellis halstead property: 1st Quarter 2015 Manhattan Residential Market Report - 04/08/15 06:11 AM
A decline in high-end new development closings brought the average apartment price down from last quarter’s record level in Manhattan. At $1,735,628, this figure was 2% higher than a year ago and the second highest average price on record. The median price of $970,000 was a 7% improvement from the first quarter of 2014. The price increases over the past few years, combined with low inventory led to 8% fewer closings than a year ago.
Resale apartment prices alone remained strong, with the average of $1,530,943 up from both the prior quarter and a year ago. The median resale price reached a … (0 comments)

ross ellis halstead property: Noted Events New York City: Feb 11th – March 6th - 02/15/15 04:52 AM
Two of the biggest events in NYC every February are New York Fashion Week and NYC Restaurant Week.
Mercedes Benz New York Fashion Week, the world’s biggest event in fashion began last week. And even though NYC is seeing the coldest weather we’ve seen in 20 years, New Yorkers, celebrities and visitors are braved it all to Alexander Wang’s show at the pier by the East River where celebs Zoë Kravitz, Natasha Lyonne and swarms of others sat front row to view Wang’s dark, sludgy collection with studs and thick-soled boots.
And Sarah Jessica Parker best known for a role that celebrated fashion, style, New … (0 comments)

ross ellis halstead property: Halstead Property Q3 2014 Manhattan Market Report - 10/12/14 12:58 AM
 
The average price for all Manhattan apartments was $1,675,021 in the third quarter, 18% more than a year ago. While this is slightly below the record level of 2014’s first quarter, it is the second highest average price ever. Much this increase over the past year has been due to luxury activity, as the median price rose only 3% during this time to $898,500. Lower inventory combined with rising prices led to fewer sales than a year ago, with reported transfers down 15%.
 
Resale apartment prices averaged $1,545,875, or 13% more than in 2013’s third quarter. Helped by a … (0 comments)

ross ellis halstead property: It's here! NYC Restaurant Week Summer 2014 - 07/21/14 02:42 AM
 
It's that time of year again! NYC Restaurant Week Summer 2014 is here and filled with the BEST restaurant offerings from July 21st to August 15th!
 
If you live in Manhattan you already know about NY Restaurant Week. If you're new to Manhattan or thinking about moving to this great city, New York Restaurant Week is definitely something you want to know about!
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 $25.00 or a three … (0 comments)

ross ellis halstead property: Halstead Property 2Q14 Residential Manhattan Market Report - 07/01/14 05:01 AM
Halstead Property has just issued its 2Q14 Residential Manhattan Market Report showing that Manhattan apartment prices averaged $1.7 million in the second quarter, virtually unchanged from the first quarter’s record level, and 19% higher than a year ago.  
Prices were kept elevated by a booming new development market, which posted a record average price of just under $3.5 million, combined with a record co-op sale and low inventory. The number of reported sales was 9% higher than a year ago. 
The median price, which measures the middle of the market, fell 1% from the first quarter of 2014, but was 5% … (0 comments)

ross ellis halstead property: Empty Nesters are making the move to Manhattan - 06/15/14 08:23 AM
The kids are grown and living on their own. Empty nester parents are rambling around their large homes or apartments with space they no longer need and starting to think about their next phase in life. More and more are thinking of spending that next phase by unloading their large family homes in favor of spending their ‘empty nest’ years enjoying their newfound freedom.
According to AARP, for the next 18 years, baby boomers will be turning 65 at a rate of about 8,000 a day.
The Baby Boomer Generation is the largest age group of our population. They are either … (0 comments)

ross ellis halstead property: New Yorkers and tourists await NY restaurant week: Winter 2014 - 02/15/14 08:56 AM
If you live in Manhattan you already know about NY Restaurant Week. If you're new to Manhattan or thinking about relocating to this great city, New York Restaurant Week is definitely something you want to know about!
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 $25.00. Some restaurants even offer a three course prix-fixe dinner for $38.00.
2 West, '21' Club, A Voce - Columbus and Madison,Abboccato Ristorante, Alloro Restaurant, The Americano, Aretsky's Patroon, Artisanal Fromagerie & Bistro, Atrio Wine Bar l Restaurant,Auden … (0 comments)

ross ellis halstead property: Annual "Holiday Tipping Guide - 12/05/13 08:05 AM
12/05/2013   7:04:39 PM
 
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 information below useful … (0 comments)

ross ellis halstead property: Modern architecture vs WWII architecture on Sutton Place - 08/24/13 04:50 AM

One hears the name Sutton Place and they immediately think of pre-war charm, Emery Roth, and the Silk Stocking District.
Sutton Place was originally one of several disconnected stretches of Avenue A, where space allowed, east of First Avenue. Effingham B. Sutton constructed a group of brownstones in 1875 between 57th and 58th Streets, and is said to have lent the street his name, though the earliest source found by The New York Times dates back only to 1883. At that time, the New York City Board of Aldermen approved a petition to change the name from “Avenue A” to … (0 comments)

ross ellis halstead property: JOIN Halstead’s ROSS ELLIS TO HELP STOMP OUT BULLYING - 10/19/12 02:24 AM

When Halstead Property's own Ross Ellis (pictured to the right of Nick Cannon above) is not busy helping adults find homes as an agent at our East Side Office, she donates her time to help children as the founder and CEO of STOMP Out Bullying™. STOMP Out is the leading national anti-bullying and cyberbullying program for kids and teens created in 2005. The primary mission of STOMP Out Bullying™ is to focus on reducing and preventing bullying, cyberbullying, and other digital abuse, educating against homophobia, racism and hatred, decreasing school absenteeism, and deterring violence in schools, online and in communities … (0 comments)

ross ellis halstead property: NY Winter Restaurant Week Is Back! January 16th - February 10th - 01/07/12 10:15 AM

Every winter and every summer New Yorkers and its visitors are treated to the most incredible three-course meals at the best restaurants in Manhattan for just $24.07 for lunch and $35.00 for dinner.
In its 20th year NY Restaurant Week offers you 20 Days of dining out from January 16th - February 10th (Monday - Friday.)
View these fabulous participating restaurants and make your reservations early! To learn more and to make your reservations visit http://www.nycgo.com/restaurantweek
If you’re thinking of moving to Manhattan, it’s not only a great way to try out our incredible restaurants, but it will help you relax … (0 comments)

ross ellis halstead property: Manhattan Holiday Tipping Guide 2011 - 12/14/11 02:07 AM
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(edit/delete)
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)

 
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