All You Need to Know About NYC’s BBL
When you know what property you are searching for, BBL offers you the simplest process of getting directly to that property. BBL stands for borough, block, and lot, and is a unique identifier for every property in New York City. The BBL consists of three numeric sequences separated by slashes. The borough is always the…
Understanding the Difference Between Market Value and Assessed Value
Though many assume that a property’s assessed value and market value are related, there is often no real correlation. This is due to the fact that they are determined in different ways and for different purposes. Understanding Market Value To put it simply, the market value of a home is the point at which the…
Two-Story Row House Up for Auction in Queens
1,120-square-foot single-family home with full basement goes to auction December 14, 2018 with a lien of $285,464. The auction will take place at 10:00 AM at 88-11 Sutphin Boulevard, Jamaica, New York. The two-story row house home at 80-20 Park Lane South in Woodhaven was purchased in 2000, with a $167,200 mortgage taken from Crossland…
Luxury Condos Stay Strong in November, While Single-Family Slides
Top condo transactions for November had two of the fall seasons higher profile sales, both at the newly-opened 520 Park Avenue luxury tower. British billionaire James Dyson, founder of the Dyson vacuum company, picked up Manhattan luxury condos are still a hot commodity. While luxury condo prices remained strong in NYC, high-end single-family home prices continued to…
November Posts the Largest NYC Commercial Deals of the Fall Season
Big sales in the NYC office market were fewer in November, with one notable exception. The 700,000 square-foot 425 Lexington was picked up by the Vanbarton Group for over $700 million, or $1,000 per square-foot. Prior to this, the most expensive commercial sale of the fall was 101 Barclay Street in TriBeCa. With over one…
LA’s Luxury Residences Remain Above $2,000 Per Square-Foot for November
LA’s high-end residential market maintains traction despite rising interest rates. Top locations for single-family homes continue to be Beverly Hills and Malibu, with top prices in the low eight-figure range. The most expensive sale was in Bel Air. The 7,500 square-foot compound sold for almost $20 million, more than $2,600 per square-foot. LA’s luxury condo…
November Posts the Largest LA Commercial Deals of the Fall Season
Despite rising interest rates, both office and retail sales have seen some of the biggest deals of the season in November. Heitman acquired the five-building Campus at Playa Vista for over $320 million, easily the largest office deal of the fall at almost $1,000 per square-foot. Playa Vista has seen quite a lot of office…
Which are the Most Expensive NYC Neighborhoods of 2018?
Key takeaways: TriBeCa remains the priciest neighborhood, with a median sale price of $3.85M With 41 sales and a 41% increase Y-o-Y, the Garment District lands on the third place The Flatiron District (-32%) and Little Italy (-42%) both see major decreases Financial District prices plummet 34%, and median prices go below $1M Roosevelt Island…
Signature Bank Expands Footprint at 1400 Broadway
This week, Signature Bank inked a lease for an additional 20,691 square feet of Midtown Manhattan office space at 1400 Broadway, according to the landlord, Empire State Realty Trust. The deal brings the bank’s footprint at this location to a total of 111,872 square feet. In September, Signature Bank signed a 15-year lease for 91,980…
Industrious Nabs First Glendale Location at 500@TheBrand
Industrious has signed a deal with Granite Properties for 24,000 square feet of Los Angeles office space at 500 North Brand Boulevard in Glendale. The firm plans to open a coworking spot here in June next year, taking over the entire 20th floor, as well as half of the 21st floor in the 23-story building….
3-Story Bushwick Home Heads to Auction with $1M Lien
3,900-square-foot three-families home in North Brooklyn goes to auction on December 6th, 2018 with a lien of just over $1 million. The auction will take place at 2:30 PM at 360 Adams Street, Brooklyn, New York. 1309 Gates Avenue in Brooklyn was purchased in 2007 for $815,000. First and second mortgages were taken on the…
Jim Farah From Compass Talks Luxury Condo Supply Glut
New York’s luxury real estate market is currently seeing an excessively abundant supply of apartments with asking prices of $4 million or more. With both the sale prices and sale volumes seemingly dropping from quarter to quarter, there is considerable uncertainty in the market. A lot of sellers are going to have to accept losses…
What Are New York City Violations: HPD, DOB, ECB?
There are numerous types of violations in New York City. Three of the most common are HPD, DOB, and ECB violations. Below you will find a basic breakdown of each of these violations, what they mean, and what action should be taken. What is an HPD Violation? A Department of Housing Preservation and Development Violation,…
The Difference Between Violations and Complaints
In New York City, anyone can make a complaint about a building via anonymous call to 311 or through the online portal for 311. If the Department of Buildings (DOB) investigates the complaint, there are several potential outcomes. One of those outcomes is a formal DOB-ECB violation. Tenants and the public can make complaints for…
What Are School Attendance Zones?
A school attendance zone is an outline of where students will attend public school. They can be determined in a variety of ways, depending on the state or city to which they apply, but generally speaking they will cover elementary school, middle school or junior high, and senior high school. About attendance zones School attendance…
2,600-Square-Foot Bed-Stuy Walk-up Heads To Auction
2,675-square-foot three-family walk-up set for auction on November 29, 2018 with a lien of $821,576. The auction is scheduled to take place at 2:30 PM at 224 Brooklyn, New York. The three-family walk-up at 554 Putnam Avenue was purchased in March 1985, but the first mortgage was secured in July 2000 through New Jersey Mortgage…
Property Research Essentials: How to Find Building Permit Records
Editor’s Note: This article was updated on 27 August, 2025. While some may view building permits as a regulatory burden that complicates building or renovation, they nevertheless remain an integral step of the process. That’s because permits ensure that work is done according to a code that’s designed for the safety and security of residents…
The Difference Between Tax Abatements and Tax Exemptions
Tax abatements and tax exemptions can be granted to city developers and home buyers to promote development and occupancy rates. While there are similarities, they are two very different programs. What is a tax abatement? A tax abatement is a reduction in property taxes for a specific period of time. It is most commonly applied…
Bloomberg Renews Lease at 120 Park Avenue
Bloomberg L.P. has recently renewed the lease for its 468,000 square feet of Midtown Manhattan office space at 120 Park Avenue. Former Mayor Michael Bloomberg’s media company will stay for at least another ten years in the building next to the Grand Central Terminal. The 630,000-square-foot, class A+ office property at 120 Park Avenue is…
Netflix Continues Hollywood Expansion at KRC’s Academy on Vine
Netflix continues its expansion in Hollywood, signing a lease with Kilroy Realty Corp. for the entire 355,000 square feet of Los Angeles office space at Academy on Vine. The world’s leading content-streaming company is set to occupy all three office buildings currently being built on the property. The Academy on Vine is a mixed-use project,…
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