PropertyShark BlogCenter » manhattan homes for sale

Cheapest Homes For Sale in New York City

calin — Thu, 20 Oct 2011 09:52:04 +0000

“Why rent when you can buy a handyman special” says the advertising for New York City’s cheapest home on the market. For just $19,900 you can own a 600 square-foot home in Throgs Neck, Bronx – the cheapest home currently on the market in New York.

A Wall Street Journal analysis of the cheapest homes in the five boroughs compiled by PropertyShark.com reveals a diverse mix of properties offered at prices lower than some pay for their monthly rent in the City. Actually, a month’s payment of New York City’s most expensive rental – 4 East 80th Street ($165,000) – will buy not one but five homes at the lower end.

So, what can you find at the lower end of the market:

An L-shaped studio in a luxury building in Brooklyn offered at $68,000 – 1170 Ocean Parkway #6A
A bank-owned 2-bedroom co-op in Queens offered at $39,900 – 1040 Neilson Street #4D
A 2-bedroom coop in West Harlem, Manhattan offered at $71,500 – 36 Convent Avenue #16

However, many of these homes come with strings attached, as the Journal’s reporters have found out. For details please refer to the original article, which also includes a slideshow and a video interview with Maya Pope-Chappell of the Wall Street Journal.

From left to right: NYC's Cheapest Home ($19,900) and NYC's Most Expensive Rental ($165,000) | Source: Wall Street Journal and Brown Harris Stevens

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Top Three NYC Houses Sold in May

laura — Mon, 06 Jun 2011 16:48:01 +0000

Here are the top 3 single- and two-family homes in New York City sold in May 2011. You can click on the photos for more details on the properties.

450 Avenue S

450 Avenue S

Brownstoner

122 East 95th Street
In second place comes the townhouse at 122 East 95th Street in Manhattan, that belonged to artist Al Hirschfeld according to Curbed. Paul and Denise Lachman bought the 4,160 sqft house for $5.31M, twenty days after it hit the market.

222 East 62nd Street
The third property is a two-family home located at 222 East 62nd Street on the Upper East Side. It was listed for sale at $5.6M and it had spent around 5 months on the market. The selling price was 4.95M, a 12% discount from the asking price.

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Q4 2010 Manhattan Apartment Sales Map

calin — Thu, 06 Jan 2011 15:15:47 +0000

The major brokerages in New York just published their quarterly market reports on the state of the Manhattan real estate market. PropertyShark has put together an interactive map, accompanying the quarterly market report of the Corcoran Group, which displays closed apartment sales in Q4 2010.

On the map, the size of the circle indicates the number of sales in the building and the color indicates the price per square foot. You can click on a building parcel on the map to see a mini pop-up report which displays details about sold units in that building.

For those who want to see an overview of the apartment sales activity for all of 2010, PropertyShark has compiled a second map that displays all apartments sold in Manhattan in 2010.

Q4 2010 Manhattan Apartment Sales Map

Click on the following link to browse current Manhattan apartments for sale.

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Manhattan Absorption Rate in Q1 2010

laura — Tue, 20 Apr 2010 16:41:30 +0000

We looked at single-family homes, condo and coop units that sold in Manhattan during Q1 2010 and compared them with the current for sale inventory. From the chart it can be seen that the highest absorption rate is on the Upper West Side (48%), followed by Chelsea & Flatiron (34%) and by the Upper East Side (31%). Harlem, with 13%, has the lowest rate.

Browse current Manhattan homes for sale.

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Manhattan residential listings with largest price cuts in the past week

laura — Mon, 18 Jan 2010 16:47:15 +0000

We examined Manhattan residential for sale listings that hit the market in the last year that are still listed, and identified the top 3 properties with the largest total dollar price drop during the past week. You can click on the photo for more details on the listing or click on the address for a detailed property report.

15 Broad Street, Battery City Park

Condo
Beds: 8
Baths: 10
First asking price: $22,500,000
Current asking price: $15,500,000
Price reduction: $7,000,000
Days on the market: 351

857 Fifth Avenue #8FL, Upper East SIde

Co-op
Beds: 3
Baths: 5.5
First asking price: $16,500,000
Current asking price: $12,500,000
Price reduction: $4,000,000
Days on the market: 341

126 East 65th Street, Upper East Side

House
Beds:5
Baths: 5.5
First asking price: $12,500,000
Current asking price: $8,950,000
Price reduction: $3,550,000
Days on the market: 281

Browse our current Manhattan homes for sale.

(Note: PropertyShark.com is not involved in any way with the sale of these particular properties.)

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$5 Million Homes sold in Manhattan in 2009

laura — Thu, 10 Dec 2009 15:26:03 +0000

We found out that in 2009 through mid November there were 211 condo, coop, single family homes sold in Manhattan with a closed sale price of at least $5 million. Check out our new interactive map that plots all those properties.

Manhattan $5 Million Homes

Browse our current Manhattan homes for sale or look up any New York property owner on PropertyShark.com.

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Priciest Manhattan listing of last week – 240 Centre Street

laura — Mon, 24 Aug 2009 15:46:43 +0000

This wonderful masterpiece at 240 Centre Street in Little Italy was designed by the world renowned architect Charles Gwathmey “within the former gymnasium of the original 1905 Beaux Arts Police Headquarters Building”. The coop was listed for sale last week for 19.95 million dollars. See the current for sale listings and view the property report for 240 Centre Street.

240 Centre Street

The four-bedroom, four-bathroom unit is listed at 6,600 square feet and is “the only apartment that Charles Gwathmey ever designed from the ground up, and required over four years to complete”. Click on the floorplan below to enlarge.

Unit Floorplan

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Manhattan Homes For Sale: Biggest Price Cut of the Week

brian — Fri, 17 Jul 2009 20:32:20 +0000

The top price cuts this week for Manhattan residential properties included some truly amazing homes. The largest cut from the week was 16 West 12th Street, cut from $24,975,000 to 19,500,000. It’s a townhouse that was “home to such notables as Malcolm Forbes, Jimi Hendrix, and Edna St. Vincent Millay”

Check out the floorplan:

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Top 20 Manhattan homes for sale in Q2 2009

brian — Thu, 16 Jul 2009 21:16:32 +0000

In the second quarter of 2009, the top 20 Manhattan homes for sale listed during the quarter ranged from $17 million for a Chelsea condo to $43 million for an Upper East Side coop. (See chart below for the list)

To see the location of these Manhattan homes on a map, go to:

http://www.propertyshark.com/mason/Maps/?map=nyc2

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The Plaza: 11 condo units are suffering price cuts

laura — Thu, 25 Jun 2009 15:19:14 +0000

PropertyShark has identified that 11 out of the 29 listings currently available in the building have suffered price cuts. Here is one example:

See the current listings in this building and view the property report .

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