English | New York City Real Estate

Apr 19th, 2012

all-time high

Data compiled by the appraisal firm Miller Samuel shows that sales activity has been regaining momentum speedily over the first months of the year after the international economic uncertainties that affected the end of 2011. During the first 2012 quarter sales volume of Manhattan apartments (condo + coops) went up 14.9% compared to the previous [...]

Mar 16th, 2012

New York City expands on the water

The mild winter has brought a volume of activity higher than usual both on the rental side as well as the sales side. Potential buyers were able to visit the properties they were interested in without having to wear the heaviest coats. The number of available condo units for sale in Manhattan went down 3.2% [...]

Feb 15th, 2012

new record for upper west side townhouse

The new highest record for a single family townhouse sold on the Upper West Side was broken last month when 247 Central Park West changed hands for: $22.4 million. The investor who bought it is now putting it on the rental market at a healthy $110,000 a month asking price. Cheers to that. The $3 [...]

Jan 18th, 2012

in the center lies virtue

The statistics show that the median price for an apartment sold in Manhattan in the third quarter of 2011 was $855,000, an increase of 1.2% compared to the same period in 2010 (source: Miller Samuel). The flow of foreign buyers investing in New York stays consistent. Many consider the investment in the U.S., and especially [...]

Dec 20th, 2011

growing up

We are getting closer to the end of the year and, especially in this period, we would all like to own the proverbial crystal ball in order to see what 2012 has in store for us. The signals from Manhattan residential market are comforting. In spite of the worldwide news of financial despair, this little [...]

Nov 10th, 2011

seasons switch

Last month the co-founder of Microsoft, Paul Allen, has bought a penthouse on the Upper East Side for $25 million. Nowadays potential buyers, who are actively looking, are used to the international economic environment that still presents signs of uncertainty and they seem less affected by it, they are ready to make decisions relatively fast. [...]

Oct 12th, 2011

Canadians love NYC

The third quarter 2011 market report compiled by appraiser Miller Samuel shows how the sales activity has increased 16.7% over the same period 2010. Prices have been mainly stable. The dollar amount paid per square foot went up 3.2%. International buyers continue to regard Manhattan as a special market, where foreign investments prop up demand [...]

Sep 15th, 2011

condos are shrinking

The Real Deal magazine recently described the situation of future new condominium developments planned in New York City. The office of the Attorney General of the State of New York has received, year to date, 89 requests for new condo constructions, which is a total of 1,903 apartments. The estimate for year end 2011 is [...]

Aug 16th, 2011

New York City is no vacation resort

The positive trend in the rental market continues, in some cases we are witnessing prices that are higher than the pre-crash period. For example, a studio in a West Village doorman building was rented at $3,100 last month. The same apartment went for $2,950 in the summer of 2007. Governor Andrew Cuomo has approved the [...]

Jul 19th, 2011

a healthy hiccup

The last market report produced by the appraisal firm Miller Samuel, on the second quarter 2011, tells us that Manhattan is “hiccupping” but overall trending positively. This is true especially if we consider some areas of the city that achieved the status of “evergreen”, meaning they reached their full splendor and are growing steadily. An [...]