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…
The Broker’s Guide to Social Media: Beware of Antitrust Violations
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. When the average American homebuyer or…
Gramercy Park Median Home Prices Go Up 87% in Q2 2019, Brooklyn’s Cobble Hill Surges 171%
Key takeaways: Hudson Yards enters the list as the 2nd most expensive NYC neighborhood in Q2 2019 Little Italy prices increase 153%, landing the neighborhood in the 3rd spot Cobble Hill jumps 171% to secure the 7th position DUMBO continues its slide, down another 40% Y-o-Y The top 50 most expensive neighborhoods in New York City had…
Worldwide Plaza Condo Starts Auction at $500,000
Condo and storage space in the post-modern Worldwide Plaza building scheduled for auction September 18, 2019 with a lien of $553,000. The auction is scheduled for 2:00 PM at 60 Center Street, New York City. Unit 5X and a storage space, both located at 350 West 50th Street in the Worldwide Plaza Building, were purchased…
High-Rise Yorkville Condo Goes to Auction
1,161-square-foot condo in a post-war high-rise is headed to auction on September 18 with a lien of $869,965. The auction is scheduled for 2 p.m. at 60 Center Street in New York City. The property, 1641 Third Avenue Unit 29F, was purchased in 2003 for $435,818, with a mortgage taken out on the same day…
Borough Park Three-Families Building Heads to Block with $840K Lien
3,660-square-foot, three-families building goes to auction September 12, 2019 with a lien of more than $841,207. The auction is scheduled to take place at 2:30 PM at 360 Adams Street in Brooklyn. 1462 51st Street in the Borough Park neighborhood in Brooklyn was purchased in 1970 with a seller carry-back loan. After the initial loan…
Housing America’s Older Adults – Florida, Traveling & Roommates
America’s Newest Seniors Are Changing the Face of Retirement   After a decade of arrested development, Millennials are finally the biggest generational cohort in the home-buying market. But, Baby Boomers – those born between 1946 and 1964 – are still comfortably ahead in homeownership rates. With the youngest Boomers now aged 55, this is already the…
Is Anyone Really Benefiting from the 2019 Rent Regulation Laws?
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. According to the New York City…
Classic 1960s Lincoln Square Condo Scheduled for Auction at Less Than $350,000
529-square-foot Lincoln Square condo in elevator building goes to auction at 2 p.m. on September 4, 2019, at 60 Centre Street in New York City. The lien is less than $350,000. 155 West 168th Street Unit #5-18 was originally purchased in 1985 for $80,000. A mortgage of $340,000 was taken out with American Home Mortgage in November…
Expert Interview with Julie Leonhardt LaTorre, COO of Sotheby’s International Realty: Trust Your Instincts & Intuition
For our latest expert interview, we had the privilege to talk with Julie Leonhardt LaTorre, COO of Sotheby’s International Realty Affiliates LLC. With an impressive and diverse professional background, Julie has both the experience and the knowledge needed to discuss best practices in the luxury real estate industry. We asked Julie to share with us…
Top 15 Best-Selling NYC Residential Buildings in H1 2019 – Manhattan Leads the Way
A number of high end-deals closed in the first half of 2019. The top 15 best-selling condo developments sold a total of 703 residences in the New York City area, Manhattan continuing to be the driving force, topping the ranking. Of the top 15 developments, 11 were closed in the borough; Brooklyn and Queens are…
SoHo Loft with City Views Heads to Auction for Less Than Half Its Market Value
1,213-square-foot condo loft in elevator building goes to auction August 28, with a lien of less than $950,000. The auction is scheduled for 2:00 PM at 60 Centre Street, New York City. Unit 8A at 90 Prince Street was purchased by the defendant in 1999 along with Unit 7A. The latter was  separately sold in…
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