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!
Archives For Manhattan Real Estate
Articles on Manhattan real estate. Read distressed properties stats, market trends, neighborhood spotlights and more.
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:
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
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.
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.
After being crowned NYC’s best selling building 2 years in a row, the time has come for Williamsburg’s The Edge to leave its top spot. Q1 2013 brought a new wave of buildings into PropertyShark’s top 10 list of buildings with most units sold, half of them having median sale prices over $1 million.
Upper East Side, which hasn’t been part of the list for a while, is back, with 2 buildings making it into the top 10. Comparing median sale prices for units sold this quarter over the entire last year, one can see that, in general, folks were more willing to pay more money for an apartment in Q1 2013.
One of the (very) early signs that new construction is about to start is that old buildings are being demolished. In New York City, the total number of demolition permits issued in all boroughs has been on an upward trend, although it’s a slow rise.
NYC Demolition Permits See a 5% Uptick
Last year’s waves of sales at Williamsburg’s splashiest development The Edge crowned the building as the top selling NYC building for the second year in a row.