Archives For New York Real Estate

Articles on the New York City real estate market. Read short, insightful news about both residential and commercial real estate in NYC, foreclosures and pre-foreclosures, big-ticket transactions, trends, stats and more.

The past year has brought quite a lot of change to the crème de la crème of New York City’s housing market. Now, this could mean a lot of things, but reassuringly enough 2013 was mostly about progress in top-of-the-line NYC residential real estate. As the impact of the recession fades, it is slowly beginning to show which neighborhoods have the best chances to come through with flying colors. Speaking strictly in terms of median sale prices, here’s the list of the top ten priciest areas of New York City.

#10 East Village

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How has the Bronx real estate market developed in the course of the past five years? Our analysts pulled out all sales data on single- & two-family homes, condos, and coops recorded in the 2008 – 2013 timeframe, putting together a quick overview of the Bronx housing market.

Despite a sizable drop in the number of sales, slightly bigger prices have stepped in to compensate for the slower sales pace. A total of 2,071 homes were sold in 2013, compared to 3,059 in 2008. However, the median sale price jumped 3% from 2008’s median of $300,000 to $310,000 in 2013.

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January 2014 Sees 1,000,000+ Unique Visitors on PropertyShark

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We’ve proudly shared our previous milestone with you (when the number of registered members passed the one million mark), so we thought you’d join us in celebrating the fact that PropertyShark.com now registers more than one million unique visitors per month!

1mil uniques logoPropertyShark kicked off 2014 on a strong note, having grown (traffic-wise) 42% from last year, and a striking 264% from the year before.

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It’s December. Year-end lists are bound to be heading your way. So we thought we’d do something a little different: we’ve looked back at the past ten years, and added up all NYC property sales (commercial, residential, and industrial) collected by PropertyShark throughout the past decade, in order to determine the market size.

In case you’ve ever wondered how much the NYC real estate sales volume accounted for in terms of $ in each of the past ten years, here are the numbers, placed right next to the overall NYC City Budget, for a broader perspective:

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map of Toxic sites in NYC

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See Past the LLC Part 2: Find the Real Owner of an NYC Property

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In our previous blog post called See Past the LLC: 3 Ways to Unmask the Real Owner of an NYC Property, we talked about the three easiest ways to find out the real name of a  property owner. As promised, here’s a follow-up to that article, detailing three alternative ways to get behind an LLC:

1. Look at Building Permits

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Looking for a good scare this Halloween? We’ve put together two fun maps with some of the best party locations around NYC and LA to help you spot the one that’s closest to you!

Moreover, we’ve broken them down into 2 categories: the ones that are adult-centered – and may involve alcohol and late hours (signaled with a Vampire pinpoint) – and events suitable for the entire family (look for the cute pumpkins).

Not all events will take place on Oct. 31st, so zoom in for the exact date, as well as the name of the party and its location.

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Before & After Satellite Images of Major NYC Developments

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Our sister company, Point2Homes, has compiled a nifty collection of satellite images that reveal just how radically some major developments have changed a number of iconic NYC sites.

Initially featured as part of an exclusive story in the popular NYC publication Gothamist, these images show how growth and new developments have changed the scenery in the past 5 years. Look for The World Trade Center, Barclay’s Center, The Yankee Stadium, the (before-and-after-Sandy) Rockaway Beach, and a couple more in the latest Point2Homes blog post.

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Luxury Condo in SoHo Scheduled for Auction

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Manhattan is no stranger to big-ticket foreclosure auctions, with properties once valued above the $60 million mark ending up on the foreclosure block. But aside from the inevitable media spectacle they give rise to, very few of these properties are of interest to home buyers and investors as their lien amount generally exceeds their valuation.

105 Greene Street New York, NY

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At times, searching for the true owner of a property can turn out to be a rather difficult task, especially since many commercial property owners choose to use the status of an LLC when making a purchase. But that doesn’t mean you can’t get the information you’re looking for!

There are several ways of unmasking the real owner of a New York property using PropertyShark, and here are the easiest three: Continue Reading…