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,…
How NYC’s 421a Tax Exemption Is Helping Increase Affordability
In New York City, the 421a tax exemption program has gone through recent changes, but remains in effect to help encourage developers to build affordable multifamily housing. The basics of the 421a tax exemption The 421a exemption is a property tax exemption given to real estate developers. The purpose is to encourage them to build…
USA vs. Canada: Whose Housing Market is Better?
Finding a new home has always been challenging, and watching prices go up in North America over the last ten years is enough to scare even the most optimistic of us. The markets in the US and Canada are quite different, so who has it better? What can the average buyer expect when looking for…
13 Marketing Tools Real Estate Agents Should Keep an Eye On
New technological breakthroughs have made the business of real estate virtually unrecognizable from what it looked like just a decade ago. Today’s marketing tools put more power in the hands of real estate professionals and allow them to easily showcase their unique properties, work directly with clients, and improve the overall experience for everyone involved….
Top Most Expensive U.S. Zip Codes in 2018
Editor’s Note: PropertyShark is saddened by the loss of life and property caused by the California wildfires. The article below is simply a presentation of hard data and in no way attempts to ignore the devastation that these areas are experiencing. Key takeaways: Atherton’s 94027 remains the #1 most expensive zip code thanks to a…
Battery Park Condo Heads to Auction for Less than $550,000
695-square foot condo in Battery Park goes to auction November 28, 2018 with a lien of $545,728. The auction will take place at 2:00 PM at 60 Centre Street, New York City. 300 Albany Street Unit 9M was purchased in 2006 for $455,000 with a mortgage taken for $409,000. That mortgage was secured through MERS….
What Does Amazon’s LIC Base Mean for NYC Real Estate?
The internet has been in a frenzy ever since Amazon let the cat out of the bag and officially announced its two new headquarters. The retail giant’s bold move split people into two camps, with arguments on both sides about whether Amazon’s descent on Long Island City and Arlington is actually good for the communities….
Law Firm Moses & Singer to Stay in the Chrysler Building for Another 15 Years
Law firm Moses & Singer renewed its lease at the Chrysler Building, planning to remain in the iconic NYC tower for another 15 years. The deal also allows for the 73,485 square feet of Midtown Manhattan office space it currently occupies there to be modernized and redesigned. The 1.3 million-square-foot, LEED Gold-certified skyscraper at 405…
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