TriBeCa Reigns as #1 Most Expensive NYC Neighborhood in Q3 2018, Despite 16% Y-o-Y Price Drop
Key takeaways: With a median exceeding $3.4M, TriBeCa reigns as the most expensive NYC neighborhood Garment District Skyrockets to #2 With 61% Y-o-Y Increase With a median of almost $3.1 million, SoHo lands the third spot in Q3 2018 Flatiron District prices see steepest drop year-over-year: 66% decrease With a median of $1.65 million, Brooklyn’s…
A24 Signs Lease for 25K SF at Pacific Design Center’s Red Building
A24 will relocate its offices to the Red Building of the Pacific Design Center. The independent entertainment company behind “Moonlight” is set to occupy 25,000 square feet of Los Angeles office space there. Located at 750 North San Vicente Boulevard, the 400,000-square-foot Red Building is the newest of the three office buildings that make up…
Spaces Takes 99K SF in Redesigned Art Deco Car Showroom
Coworking provider Spaces has recently signed a lease for 99,000 square feet of Manhattan office space at 787 11th Avenue. A former Packard car showroom, the building is currently undergoing major renovations and will soon house high-end offices as well. Originally designed by American architect Albert Kahn in 1929, the Art Deco building at 787…
NYC Foreclosures Continue to Decline in Q3
Key takeaways: With only 716 unique cases, NYC foreclosures decreased 17% Y-o-Y; Queens had the most properties headed to the auction block in Q3: 303; First time foreclosures in Brooklyn stagnated Y-o-Y, the borough seeing only a -1% change; Year-over-year, the Bronx saw a 43% drop in foreclosure activity; With only 22 homes headed to…
David Balk from Citi Habitats: Honesty is the Best Policy in New York Real Estate
A dedicated real estate salesperson and lifetime resident of New York, David Balk is the latest expert to share his valuable insights for our Expert Interviews series. Having lived in Manhattan for over 22 years — on both the Upper East and Upper West sides, before finally settling down in Brooklyn — has afforded David a unique point…
Two-Bed Condo Set to Hit the Auction Block in Bed-Stuy
920-square foot condo in Bedford-Stuyvesant goes to auction October 4, 2018 with a lien of $486,023. The auction is scheduled for 2:30 at the Kings County Supreme Court, 360 Adams Street, Brooklyn, New York City. Unit G07, a 920-square foot unit in The Kent Building located at 970 Kent Avenue, was purchased in June 2006 for…
What Is a Lien? Understanding Lien Types, Implications & More
The simplest way to define what is a lien is that it’s a legal claim a person or entity has on another’s property as collateral for unpaid debt.
Foreclosure of the Week: Financial District Penthouse Up for Grabs at Auction
368-square-foot penthouse condo unit located in the Financial District goes to auction on October 10, with a lien of $451,098. The auction will take place at 2:15 PM at 60 Center Street, New York City. One of only a handful of Manhattan foreclosures, 20 West St #PH-F was purchased in May 2007 for $465,000. The…
Types of Home Loans & Everything You Need to Know About Them
From VA, USDA, balloon and bridge loans to conventional, conforming mortgages and ARMs, here’s all the loan types you need to know about.
citizenM Opens New, One-of-a-Kind Hotel in NYC’s Bowery
citizenM returns to NYC with a brand-new, 300-room hotel at 189 Bowery. Launched September 12, citizenM Bowery is not only home to a unique Museum of Street Art, but also boasts the title of the world’s largest modular hotel. Its counterpart, the 230-room citizenM Times Square, which opened in 2014, is the only other citizenM…
What Premium Are New Yorkers Paying to Live near Central Park?
Editor’s Note: For more recent data on the premiums paid for living near NYC parks, including Central Park, see: The Park Premium: Do You Pay Extra to Buy Next to Manhattan’s Largest Parks? Not only does Manhattan have some of the most expensive real estate across the entire nation, but in certain exclusive spots you…
Michael J. Daniels from Bold NY: Don’t Be Afraid to Pick Up That Phone
Michael J. Daniels specializes in Residential and Commercial sales and New Development at Bold New York, and is responsible for identifying properties and advising clients on leasing and Manhattan and Brooklyn. His background in business began when he became a partner of an entertainment booking agency for high profile artists and the co-owner of an independent…
Foreclosure of the Week: Philip Starck Condo Goes to Auction with $241K Lien
A 430-square-foot condo located in East Midtown’s Gramercy Park is scheduled for auction on October 3, 2018 with a lien of $241,024. The auction is scheduled for 2:00 PM at 60 Center Street, New York City. With a 13% drop in NYC lis pendens, and a 28% decrease in Manhattan foreclosures, a rare property is…
Where Can You Buy a Home Under $300/Sq. Ft. in Hudson County, NJ?
As New York becomes increasingly pricey, a growing number of buyers are looking for homes beyond the confines of the five boroughs. After all, the gentrification of Queens and Brooklyn has drastically changed the real estate landscape of the city. Only Staten Island and the Bronx offer homes priced below $500 per square foot in…
How Much Money Can You Save by Downsizing in California?
There comes a time when you realize that your spacious dream home takes up too much space and its upkeep is becoming both unsustainable and unnecessary. Downsizing can be an appealing option when certain rooms have transitioned into little more than costly storage spaces that need heating, cooling and cleaning. As you start getting near…
How to Get a Co-op Board’s Approval – Tips & Tricks for Buyers and Sellers
There are many reasons that buyers choose to buy into a co-op, and there are many reasons that a person chooses to sell. Regardless of which side you are on, figuring out how to get a co-op board’s approval for the purchase or sale can be confusing. Though the stringent co-op board screening process was…
How to Get Pre-Approved for a Mortgage
Although not mandatory, getting pre-approved for a mortgage can reveal how much you can borrow and give you an edge over other buyers.
ICBC Inks Lease for 100K SF at 1185 Sixth Avenue
The Industrial and Commercial Bank of China has recently signed a lease at SL Green Realty Corp.’s 1185 Avenue of the Americas. China’s largest bank will occupy a little under 100,000 square feet of Midtown Manhattan office space at this new location. Financial details of the deal were not made available, but The Real Deal…
StarPoint Nabs Beverly Hills Wells Fargo Building for $193M
Real estate company StarPoint Properties has purchased the 12-story Beverly Hills office tower at 433 North Camden Drive for $193 million, around $930 per square foot. The property, also known as the Wells Fargo Building, will undergo renovations to include new retail and dining spaces. Built in 1972, the 207,432-square-foot building is located only three…
Co-op Housing Pros and Cons: What to Know Before Buying Into a Co-Operative
Thinking about co-op living? Learn how this ownership model works and whether its affordability and stability outweigh the rules and resale limits.
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