Nov 15th, 2012
Bacchus and the West Side
The Social Network This month The Real Deal magazine reports on some of the most influential technology entrepreneurs’ NYC pads. I found interesting how Sean Parker, Napster and Facebook cofounder, once reportedly described his character in the movie The Social Network (played by Justin Timberlake) as a “morally reprehensible human being”. The thing is that [...]
Nov 6th, 2012
rent tops, Trump drops
Average Manhattan rent tops $3,400 The average Manhattan apartment rented for $3,453 in September 2012, according to the September rental report from Citi Habitats. These days, the market for residential rentals in Manhattan is very strong – and various industry reports indicate that the rental market isn’t slowing down any time soon. In fact, Prudential [...]
Oct 18th, 2012
Woolworth Mansion: the wow effect
At $90 million dollars the Woolworth Mansion located at 4 East 80th Street is currently the most expensive townhouse listed in the city. If sold at that price it would be a new record. The listing was active through most part of last year until early September when it was taken off the market for [...]
Oct 18th, 2012
Obama, Romney and much much more
Obama vs. Romney: who is receiving more $ from the NYC real estate industry? Data from the U.S. Federal Elections Commission shows that Obama, surprisingly, is getting more money than Romney from the city real estate players so far in 2012. During the first eight months of the year, Obama’s campaign collected 921 donations worth [...]
Oct 9th, 2012
where the billionaires will live
When One57, the highly anticipated Extell development at 157 West 57th Street, is completed sometime next year, it will stand 1,005 feet tall with 90 stories – making this the tallest residential building. Sales began in November 2011 and about 60% of the units are sold to-date. Certainly the buzz around the building is not [...]
Sep 25th, 2012
give me a piece of that Big Apple
There aren’t many players in the NYC real estate industry who are complaining nowadays. The market has been steadily improving since the beginning of the year. According to the real estate data firm Urban Digs, there were 2,856 Manhattan homes under contract in the first eight months of the year, about 30% more than the [...]
Sep 14th, 2012
New York’s Central Park West Continues to Attract Hollywood
Actor David Duchovny, who is best known for his leading role in the “X Files” and who more recently starred in the Showtime series “Californication,” is in contract to purchase an apartment inside the Ardsley, an exclusive Central Park West co-op. The Ardsley, located at 92nd Street, has a mixed record when it comes to [...]
Aug 23rd, 2012
$100 million dollar listing — “you talkin’ to me?”
Midtown East Rezoning The Department of City Planning has made public the new plan to rezone Midtown East. The proposal allows for office buildings of over 900 feet in height to be built in the vicinity of Grand Central Station; outside of this core area the limit will be 700 feet. The 20 year plan, [...]
Aug 10th, 2012
NYC is a seller’s market, almost
The fundamentals of the NYC Real Estate market have been growing stronger for the past two years. The inventory (number of units available on the market) has been slowly shrinking and prices have started a new upward trend over the past 12 months. Financing has become more feasible, even for buyers that cannot afford 20% [...]
Aug 2nd, 2012
wanted: single family homes
Wall Street is convinced that your house is a better investment than you think. In the past six months, a number of investment firms, hedge funds, private equity partnerships and real estate investors have turned into ravenous buyers of single-family homes – and not just any homes… but foreclosures. Investment banks, who also want in [...]
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