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…
The Big Chill – Why You Should Freeze Your Credit Now That It’s Free
With data breeches affecting everyone from retailers and banks to credit bureaus, it seems like protecting your personal data has never been more important. Thanks to recent changes to the Dodd-Frank act, it is now free for consumers to freeze their credit – one of the most efficient ways to protect against identity theft and fraud….
10 Go-To Real Estate Photographers in New York City
There’s a lot that goes into selling a property, but one thing is true across the board: First impressions matter. Since many buyers get their first impression from an online photo, finding the right real estate photographer is a top priority. We’ve tracked down ten of the best NYC real estate photographers. Take a moment…
Google to More Than Double its NYC Offices by 2022
Google is growing its NYC footprint with a 1.85 million square-foot office expansion, enough space for more than 12,000 additional employees, reported the Wall Street Journal. The majority of the expansion would be at the planned St. John’s Terminal in the West Village. Alphabet Inc., Google’s parent company, is close to a deal to purchase…
Headed to Auction: A 1930s Brick-Style Brooklyn Home in Dyker Heights
1,170-square-foot single-family home in Dyker Heights goes to auction on November 15, 2018 with a lien of $827,412. The auction will take place at 2:30 PM at 360 Adams Street, Brooklyn, New York. This single-family home in Brooklyn’s Dyker Heights, located at 7601 10th Avenue, was purchased in 1997. The owner took out a $380,000…
Williams Lea Tag Takes 31K SF at The New York Times Building
Marketing and communications company Williams Lea Tag has recently inked a lease for 31,058 square feet of Manhattan office space at The New York Times Building. The U.K.-based firm plans to relocate some of its New York City offices there. The 52-story, class A+ building at 602 8th Avenue is owned by Forest City Realty…
Top 10 NYC Landlords Who Improved the Highest Percentage of Their Portfolio
Being a good landlord is not always easy, as it requires having to juggle several responsibilities at once. Landlords must constantly strive to keep their properties at 100% occupancy, build solid relationships with tenants and maintain their assets in decent condition. One might argue that one of these responsibilities is more important than the other,…
Bed-Stuy Brownstone On Its Way To The Auction Block
2,001-square-foot single-family home in Bedford-Stuyvesant goes to auction on November 8, 2018 with a lien of more than $750,000. The auction will take place at 2:30 PM at 360 Adams Street, Brooklyn, New York. The 2,001 square-foot single-family home at 757 Monroe Street in Brooklyn was purchased in 2007 for $600,000. The buyer took out…
BounceX Takes 79K SF at 1WTC, Leaves The New York Times Building
Bounce Exchange, known as BounceX, will relocate its headquarters from its current location at 620 8th Avenue to One World Trade Center. The marketing technology firm signed an 11-year lease for 79,118 square feet of Financial District office space. Currently the tallest building in the Western Hemisphere, the 3.1-million-square-foot, LEED Gold-certified One World Trade Center…
Lockton Inks Lease for New Pacific HQ at DTLA’s 777 Tower
Insurance brokerage firm Lockton has recently signed a lease for 70,000 square feet of Los Angeles office space at 777 South Figueroa Street. The company plans to relocate from its current offices at the Ernst & Young Plaza in February next year. The 52-story building known as the 777 Tower boasts a LEED Gold certification…
What Are Common Charges?
In condominium setups, the entire building is commonly owned among those who own individual units. Common charges are designed to cover all the shared costs of amenities and services available in the building. This can include management fees, operating costs, amenities and staff salaries. It does not include taxes, as condo owners receive separate tax…
What Are Maintenance Fees?
Housing cooperatives are membership-based legal entities that own one or more residential buildings. Unlike condominiums and single-family homes, co-ops are not owned outright as real property. Instead, buyers purchase shares within the co-op association and receive exclusive use of a specific unit. Co-op living comes with its own set of peculiarities, among them being maintenance…
Lower East Side Condo Hits the Block with Lien $400K Below Market Value
911-square-foot Nolita Place condo goes to auction on November 11, 2018, with a lien of more than $1.1 million. The auction will take place at 2:00 PM at 60 Center Street, New York City. 199 Bowery #4A, a 911-square foot condo in hip Nolita Place, was purchased in 2006 for $712,775. The owner took out…
26th Floor Luxury Condo in Central Midtown Headed for Halloween Auction
704 square-foot luxury condo in Midtown high-rise goes to auction October 31, 2018 with a lien of $878,217. The auction will take place at 2:00 PM at 60 Center Street, New York City. With Manhattan foreclosures at a record low, Central Midtown’s 117 East 57th Street #26G is a rare sight. Located in 57-story The…
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