The Fabulous Upper West Side Real Estate Story
To take away: the most expensive home ever sold here was a penthouse fit for a king: price paid – $88M! the largest home is a century-old 11,500-square-foot mansion next to Riverside Park the UWS is one of the neighborhoods with the most permanent residences, percentage-wise: only 55% of all housing units are rentals , a…
Chelsea Penthouse Is Up for Auction – Lien Amount $800K below Market Value
2,300-square-foot Chelsea penthouse in a modern condo building goes to auction on August 24, with a lien of $3.8M. The auction will take place at 2:15 PM at 60 Centre Street, Room 130, New York City. Manhattan foreclosures are a rare bird, and penthouses up for auction even more so. One such uncommon case is that…
PropertyShark Seller Leads: Turn Them into New Listings and Clients
Introducing Seller Leads PropertyShark traffic has exploded over the past couple of years and in 2016 we exceeded 2.6 million visits per month. A good share of these visitors are home buyers and sellers, who turn to PropertyShark for research. We found that one of their main needs is getting a property value estimation. While we…
Long Island City Real Estate: Old Is Cool, New Is Better
To cut things short, if there’s one thing to take away about real estate in Long Island City, it’s actually four: great-looking glass towers are popping up everywhere, favoring comparison between the Hunters Point waterfront and that of Western Brooklyn; however, the priciest home ever sold here, for $3.4M, is significantly cheaper than its equivalent in Williamsburg,…
Top 10 Best-Selling Buildings in Brooklyn Mid-Year 2016
So maybe Manhattan does dominate every single top ten best-selling list covering the 5 boroughs, but exciting new developments and older, yet successful residential projects are everywhere in New York. In particular, Brooklyn, the second real estate market of the city, has a lot to show for itself, in terms of both realty investment and the steady climb…
Newly Released Commercial Market Reports: Gain Insight on All Asset Classes in NYC
Building on the success of our newest product – market reports that you can brand with your info – we’re happy to announce the addition of commercial market reports, which means you now have access to comprehensive reports on all 5 major asset classes in New York City. We initially started with the residential and…
Water Mill Home Goes to Auction with a Lien of “Just” $2.6M
A two-story, 6,600 sq ft home in northwest Water Mill is scheduled for auction on August 25th 11:15 PM, at the Southampton Town Hall, with a mortgage lien of $2.6M. Even the exclusive Hamptons community occasionally opens up a back door for new residents to enjoy its lifestyle. For the more budget-minded real estate shopper,…
Top 10 Best-Selling NYC Buildings Mid-Year 2016
At the peak of the real estate season, it’s a good time to take a look back at the first half of 2016 and see which NYC new developments and older constructions across the five boroughs have fared the best. In a market that continues to show healthy yearly growth rates and to favor sellers, according to the…
5 Tips for Marketing Your Commercial Listings
It’s a tough market out there for commercial property professionals: NYC rents for commercial properties have flattened out during the first half of 2016, after a long period of sustained growth. In spite of a 10% availability rate in Manhattan office space, according to Colliers, prices remain high enough that a mainstream of businesses are…
Tips on Finding Rental Properties for Investment with Alexander Aguilar from Cash Flow Diaries
We’re happy to present to you Alexander Aguilar, a real estate investor who also blogs on Cash Flow Diaries about his journey to reaching financial freedom by investing in turnkey rentals (properties that don’t need any fixing and come with a screened tenant, plus property management). He started blogging as a way to track his own…
US Apartment Sizes Shrinking: The Smallest Apartments Aren’t in NYC, but Tucson, AZ
The housing trend that made Manhattan and San Francisco known as hotbeds of tiny living has picked up steam all across the country in recent years. According to a recent study by RENTCafé*, an apartment search website and our sister company, the average size of a new apartment has fallen to 934 square feet in…
A Close-up of NYC’s West Village Home Market
Long known for its historical homes and artistic spirit, the West Village is now the epitome of gentrification: trendy weekend crowds and excited tourists pack the streets where Kerouac once drunkenly roamed. Meanwhile, the area’s established residents who are willing to sell or rent capitalize on the desire of well-to-do New Yorkers to live in…
Infographic – A Close-Up of NYC’s West Village Home Market
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The Gist of the East Village Home Market
A popular area for the past 50 years or so, especially for young crowds, the East Village is touted as one of the more accessible neighborhoods in Lower Manhattan. It also doesn’t hurt its reputation that the whole punk movement that’s now cool again started right here, and ever since, people have been willing to…
Expert Interview with Richard Barenblatt:
It’s Not Uncommon to Come Across Multi-Million Dollar Mortgage Applications
For the latest in our series of Expert Interviews with top real estate professionals, we had the opportunity of talking with Richard Barenblatt (NMLS# 52951), NYC mortgage specialist. Richard shares his take on what happened to the mortgage industry since the financial crisis and whether it is common to see wealthy buyers of multi-million homes…
Top NYC Commercial Real Estate Sales in May 2016
If you’re wondering what’s new on the commercial market, look no further! We’ve compiled 3 short lists of the largest transactions recorded so far in May in New York City, on the Multifamily, Retail and Office sub-markets. Take a look below and don’t miss the spectacular re-sale of 405 Park Avenue, picked up by MRP Realty…
Top NYC Home Sales in May 2016
Exclusive home sales have been getting all the buzz in New York, as everyone, from home owners to agents and developers, are on the edge of their seats to see how much more the market can grow. See the latest sky-high home sales by residence type – condo, co-op and single-family home – in the 3 short lists…
PropertyShark Website is Now Lightning-Fast: Comps and Foreclosures 4X Faster
Users, we heard you: no more waiting time on our website, ever! PropertyShark now works twice as fast and search results load in a flash. Furthermore, two of the most popular products, Comparables and Foreclosures, load as much as 4 times faster! Back in April, we announced massive performance improvements across all PropertyShark products as…
How Much to Live Alongside the Super-Rich?
You might think that to enjoy the status boost of living next door to someone on the Forbes 500 list, you need to boast the bank account of an oil tycoon or a college drop-out tech genius. And, 9 cases out of 10, you would be right. Yet in the spirit of New York’s “something for everyone”, once…
Here’s How Much the Trump Brand Adds to the Value of a Condo
Condos in Trump-Branded Buildings Appreciate by a Rate of 8.2% Each Year; The Average for All Other Manhattan Condos is 7.5% With much debate going on about the value of the Trump brand, we decided to investigate how condos in Trump-branded buildings (whether owned, developed or just branded) perform compared to all other Manhattan condos….
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