Articles on Queens real estate. Read distressed properties stats, market trends, neighborhood spotlights and more.
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:
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.
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.
If you didn’t have time to go and see the properties on December 8th or 9th you can still get a sense of what shape they are in by looking at the property reports on PropertyShark.Continue Reading...
News about estates selling at record-breaking prices in New York is almost exclusively linked to Manhattan, and occasionally to Brooklyn.Continue Reading...
NYC renters with “high aspirations” (literally!), we invite you to have a look at our chart of the week, featuring the tallest residential towers in each borough in NYC. Unfortunately, the limit is not really the sky, but somewhere around 870 feet or 76 floors high. In Manhattan, at least.
870 feet is how high NYC’s (and the world’s) tallest residential tower goes. 8 Spruce Street, the Manhattan tower designed by Frank Gehry, boasts 76 floors and 890 residential units to choose from. Just be reminded that the higher you want to go, the more money you’ll have to take out of your pockets for the view—at the end of last year, rents in Gehryland were going as high as $60,000/month.
It might have come as a surprise to some people that, according to our latest report, the priciest block in Queens was located in Belle Harbor/Neponsit (see interactive map). The median sale price on the beach front block located between Beach 145 Street and Beach 146 Street was $2.5M.
As reported by the New York Times, this community is defined by a “high quality of life and locals that cherish its residential nature, which lends its beaches an air of exclusivity”. Street parking in the area is banned during the summer, so owners of beachfront houses routinely make their driveways available to neighbors. According to the same article, ”proximity to the beach has everything to do with real estate: walking north to south, a visitor may notice that the louder the waves, the grander the houses become.” Continue Reading…
The number of homes sold in Queens decreased slightly in 2011 with 9,128 properties changing hands, our latest analysis shows. The Y-o-Y decrease is 11%, while compared to 2006 (when the number of transactions reached a 7-year peak), the decrease is 39%.