Four-Story Upper West Side Brownstone Up for Auction
S1-zoned brownstone on the Upper West Side goes to auction on November 13, 2019, with a lien of nearly $7 million. The auction will take place at 2 p.m. at 60 Centre Street New York City. 128 West 95th Street was purchased in 2006 for $4,325,000 with a mortgage of $4,336,679 taken out on the…
$1.8M Bed-Stuy Rowhouse Hits Block with $1M Lien
120-year-old Bedford-Stuyvesant rowhouse to be sold at auction on November 7, 2019 with a lien of $1 million. The auction is scheduled for 2:30 p.m. at 360 Adams Street, Brooklyn. Located it fashionable Bed-Stuy, 593 Lexington Avenue was purchased for $630,000 in 2005. Two mortgages were taken out on the day of the sale, both through…
Purchasing Real Estate Under an LLC: No Longer an Option?
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. The New York City real estate…
NYC Multifamily Market Continues Slowdown in September, Y-O-Y Sales Volume Declines 76%
Key Takeaways: September slowest sales month for NYC multifamily, down 51% Y-O-Y Queens doubles September sales volume Bronx prices hit lowest figure in 18 months YTD unit volume down 74% in Brooklyn Y-O-Y sales volume falls 81% in Manhattan City-wide sales volume drops 76% Y-O-Y New York City’s new Housing Stability and Tenant Protection Act…
2,800-Square-Foot Queens Property Goes to Auction with $1M Lien
Turn of the century three-family property in Astoria/Long Island City goes to auction on November 1, 2019 with a lien of just over $1 million. The auction is scheduled for 10:30 a.m. at 8811 Sutphin Boulevard, Jamaica, New York. 35-11 30th Street in Long Island City was bought in 2005 for $785,000. Two mortgages were…
5 Best Coworking Spaces in TriBeCa
At a time when coworking spaces are at their peak, it can be challenging to pick the right shared office that is in line with your personal needs and professional aspirations. And, because the global growth of coworking is even more prevalent in larger cities, it can be quite overwhelming to search through the myriad…
2-Bedroom, 2.5-Bath Turtle Bay Condo Heads to Auction with $1.8 Million Lien
1,590-square-foot United Nations Plaza condo in 49-story high-rise  scheduled for auction on October 23, 2019, with a lien of $1,811,253. The auction is set to take place at 2 p.m. at 60 Centre Street in New York City. Unit 42B in 100 United Nations Plaza was purchased in 2007 for $1.975 million. A mortgage was…
Due Diligence for NYC Buyers: 6 Items to Review Before a Purchase
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. It can take buyers a long…
10 Best Coworking Spaces in Queens
New York has been seized by the popularity of coworking hubs, with a new office opening its doors every 7 days. With such a massive supply of shared office spaces, it’s easy to become overwhelmed by the abundance of options. So far, Manhattan has attracted the most coworking offices—leading the pack of the five boroughs…
At Almost $5 Million, Hudson Yards Overtakes TriBeCa as the Priciest Neighborhood in NYC
Key takeaways: Hudson Yards take top spot by large margin TriBeCa falls from top spot for the first time in seven quarters Lower East Side jumps to 8th position on high sale volume Manhattan’s median sale price falls to lowest level since 2016 The top 50 Hudson Yards also dethroned Tribeca as the priciest neighborhood, more…
Maspeth Rowhouse Hits the Auction Block Again
1,400-square-foot semi-detached rowhouse on a 2,000-square-foot lot is headed to auction on October 11, 2019 with a lien of $581,838. The auction will take place at 10:00 AM at 88-11 Sutphin Boulevard, Jamaica, New York. 50-20 63rd Street, Woodside, New York, is a 1,400-square-foot home in Maspeth, Queens. Purchased in April 2006 for $550,000 with…
Manhattan Foreclosures Increase 118% Y-o-Y – Q3 2019 Report
Key takeaways: Manhattan cases up a staggering 118% year-over-year Staten Island unique cases skyrocket 183% The Bronx sees the steepest drop in foreclosure activity, a 51% drop Y-o-Y In Queens, foreclosure cases dipped 10% Lis pendens increased 4% Y-o-Y, and dropped 22% Q-o-Q Despite major foreclosure activity increases in two boroughs, first-time foreclosures in New…
Metro L.A. Residential Price Evolution 2014-2018: Beverly Hills Remains Most Expensive Market at $3M; Inglewood Leads Growth with 60% Median Gain
Metro L.A.’s real estate market remains among the most exclusive nationwide, with two of its neighborhoods posting median sale prices above the $10 million mark last year.
Do You Pay a Premium to Live Near a Subway Station?
It seems intuitive that the more amenities something offers, the higher the price tag. A new base-model car can be expensive, but a fully loaded performance model is more expensive. Real estate is no exception. Choosing to live close to parks, stores, public transportation, and entertainment should theoretically draw a premium, right? We wanted to…
Understanding New York’s Foreclosure Process
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. The foreclosure process can be daunting…
Murray Hill Four-Room Condo Hits Foreclosure Auction in Mid-October
Condo in Murray Hill high-rise goes to auction on October 16, with a lien of $732,301. The auction is set for 2 p.m. at 60 Centre Street, New York City. Unit 30G at 415 East 37th Street is a 927-square-foot condo with four rooms and two bathrooms. It was purchased in 1989 for $309,700 with…
Rare 2-Bedroom, 2-Bathroom Prospect Heights Condo Hits Auction
1,589-square-foot, four-room condo heads to auction on October 3, with a lien of $869,274. The auction is set for 2:30 p.m. at 360 Adams Street in Brooklyn, NYC. Unit B3H at 35 Underhill Avenue in Brooklyn’s Prospect Heights was purchased in 2007 with a mortgage of $540,000 and another for $231,450. Both were recorded on…
Long Island Residential Sale Price Evolution 2014-2018: Orient Doubles Up in Just 5 Years, Fishers Island Median Halved
Key Takeaways: A quarter of Nassau and Suffolk county communities saw prices appreciate 20% or more. Sagaponack remains the most expensive Long Island community at $5.1 million Orient doubled its median, while Fishers Island saw its median halved. Sales activity dynamics were significantly different in markets with medians above $1M million. After analyzing the home…
Turtle Bay Co-op Unit Headed for Late-September Auction
1,000-square-foot co-op unit in 13-story Manhattan building goes to auction with a lien of $353,446. The auction is scheduled for 10:15 A.M., September 25, at 60 Centre Street, New York City. Unit 9E, located within The Morad Beekman Building at 420 East 51st Street, was purchased in 2006 for $560,000. A loan for the same…
Manhattan Office Report Q2 2019: Sales Drop 26% Y-o-Y, Trophy Office Rents Ask $94/Sq. Ft
Key Takeaways: Q2 office sales stop short of $2 billion; prices rest at $556 per square foot on average Class A+ asking rents increase 4% quarter-over-quarter; now average $94 per square foot NYC remains coworking capital of the U.S., with more than 16 million square feet of non-traditional office space Google makes largest Q2 office…
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