Archives For Manhattan Real Estate

Articles on Manhattan real estate. Read distressed properties stats, market trends, neighborhood spotlights and more.

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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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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NYC Unaffordability Map Puts Fast Gentrifying Areas in the Limelight

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Unaffordability Map Identifies Fast Gentrifying Neighborhoods

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Blockbuster NYC Buildings in Q1 2013

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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.

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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

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Top Selling Buildings in NYC

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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.

With 167 units sold in 2012 at a median price of $804,418, added to the 272 sold in 2011, The Edge has all its 565 units now sold.

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