Archives For Staten Island Real Estate

Articles on Staten Island 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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NYC Unaffordability Map Puts Fast Gentrifying Areas in the Limelight

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Unaffordability Map Identifies Fast Gentrifying Neighborhoods

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Public Records Are NOT Error Free! But There’s a Way Around

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Everyone in real estate knows that public records are not error free.  Some more than others claim this happens too often. We won’t go into that debate. What’s undeniable, however, is the growing need for ways to validate data found in public records and to quickly determine whether the information provided is true or false. This post will tell you about those ways and walk you through the process of verifying property data.

What’s the REAL Most Expensive Home in Staten Island?

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Most Expensive Homes in Staten Island (2005-2012)

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Staten Island’s luxury home market has some nice figures to show for the 2005-2012 period. Two transactions coming close to $4 million signal that the area, and more specifically the upscale neighborhood Todt Hill, has real estate appeal for the wealthy.

In the boom year of 2007, the 7,582 sqft home on 29 High Point Rd. sold for $3.9 million. Once recession hit, we had to wait until 2011 for a similar transaction: $3.7 million for the 13,155 sqft mansion on 125 Benedict Rd.

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Chart of the week: Tallest NYC residential towers by borough

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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.

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Staten Island Foreclosures up 90% in August 2010

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One in every 6,746 households on Staten Island was scheduled for foreclosure auction for the first time in August 2010. The current number of first time foreclosures (38 properties) is up 90% from the previous month (20 properties) and up 111% from August 2009 (18 properties).

staten_island_chart_august

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