2025 Q3 Foreclosure Report: Manhattan Heats Up to 10-Year High, Queens Drives Citywide Increase
As NYC’s caseload inched up, Manhattan set a 10-year high with a record 59 first-time foreclosures, Queens retook the top spot as the city’s primary foreclosure market, while Staten Island continued as the city’s least active distressed property market.
Meeting Rooms to Living Rooms: How Feasible Are Office-to-Residential Conversions in NYC?
Central Midtown, the Garment District and NoMad dominate NYC’s office conversion landscape, holding 30M of the city’s 85M sq. ft. of prime convertible office space.
Reflection on the Year 2023 in Real Estate
2023 was marked by some notable developments in real estate that should set the stage for an intriguing 2024 and beyond.
Manhattan Leads U.S. in Office Mortgage MaturitiesÂ
A significant 32.5% of Manhattan’s total office mortgage volume — which amounts to $56.7 billion — is set to mature by the end of 2026.
After Frenzied 2022, NYC Multifamily Market Slows to Early 2020 Pace
2023 began with both the number of sales and the volume of sales in NYC’s multifamily sector more in line with the first quarter of 2020.
NYC Multifamily Sales Volume Surges 39% in Q1
The effects of COVID-19 have yet to show up for NYC multifamily in Q1: sales volume leaps 39% Y-o-Y, totals $1.9 billion.
3 Tips for a Great CRE Listing
Presentation is everything and appearances count. This is especially true within the real estate industry; you can be the best commercial real estate (CRE) broker in town, but if you don’t properly present your CRE listing in an eye-catching, appealing manner, then you’ll have a hard time selling any property. In particular, you need three…
Central Business Districts vs. Urban vs. Suburban: Breaking Down 10 Years of Office Expansion in the US
Between 2008 and 2018, the U.S. expanded its office footprint by 682 million square feet, 370 million of which have been added in the top 20 markets. Using data from Yardi Matrix, a recent COMMERCIALCafé study looked closely at where this space was added—urban areas, suburban areas or central business districts (CBDs). The findings highlight…
The Unofficial Top 10 Most Beloved NYC Buildings
The playground of some of the world’s most notable architects, New York City flaunts an impressive collection of buildings: some innovative, others grand or imposing, modern structures or historic landmarks, high-rise or low-rise, glassy, zany, or green… and the list could go on. But which among them cater best to New Yorkers and their thirst…
5-Year High for NYC Commercial Sales Volume
The surprise came from Brooklyn last year: the borough managed to register a 5-year record in commercial transactions due to the sale of the Kings Plaza Mall, which raked in $751,000,000.
NYC Commercial Transactions Increase in Q1 2011
The number of commercial transactions increased by 8% in NYC in Q1 2011 over Q4 2010 and rose by 28% compared to Q1 2010. With 251 commercial deals, Brooklyn accounted for 40% of the total transaction volume while Manhattan (194) compiled 31%. Browse current commercial spaces in New York City.
10 biggest commercial NYC transactions in Q1 2011
PropertyShark has put together a list of the top 10 closed commercial property sales that happened in New York City in the first quarter of 2011. Here are the top three. 666 5th Avenue The priciest commercial transaction in Q1 2011 involved the retail condominium located at 666 Fifth Avenue that sold in March for…
NYC Top 10 Commercial Deals in February 2011
The priciest commercial transaction in February 2011 involved the office building located at 600 5th Ave, which sold for $165,000,000.
Top 15 commercial transactions in Manhattan in 2010
PropertyShark has identified the top 15 commercial deals in Manhattan that closed during 2010, and we put together an interactive map to show the location of these properties. The most expensive transaction involved the office building at 103 8th Avenue bought by Google for $1,770,000,000, followed by the commercial condo unit at 11 Madison Ave…
CIM Group Pays $469 Million for Stake in 11 Madison Avenue
A title document recorded last Thursday shows CIM Group paying $469,400,000 for 49% of 11 Madison Avenue. The massive 1,600,000 square f00t property was bought by the Sapir Organization in 2003 for $675,000,000, our records show. The deal was first reported by the Wall Street Journal on December 16th. However, the transfer price was undisclosed…
Top New York City Commercial Deals In August 2010
At the top of the list is a 24 story office tower located in Midtown. SL Green purchased it for $330 million on August 31 from Shorenstein Company LLC.
Strong start for NYC Commercial Property Segment
New York City has already seen a strong start for the year in the commercial properties sector with 3 recorded sales over $50,000,000 since the beginning of 2010. In comparison with the past year, the biggest transaction in January 2009 was a $11.75 million deal in the Bronx, involving an apartment building and an adjacent…
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