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….
Soaring Prices in Some of Queens’ Top 25 Neighborhoods
Reflecting the residential market’s city-wide growth in the first quarter of 2016, Queens too has registered high transaction numbers (a total of 2,805), 5% more than in the beginning of 2015 . Greater Y-o-Y median price increases occurred with condo and co-op sales (8-9%), but single-family houses still sold for 5% more than they did in Q1 last year. When it…
Surprise Neighborhood Tops Most Expensive Brooklyn List in Q1 2016
The first quarter of 2016 brought forward new front-running neighborhoods across the East River, revealing shifts in preference and budget among Brooklyn home buyers. Columbia Street Waterfront District topped the market in terms of median prices, due in part to upscale condo sales at 84 Congress Street. The lesser known Prospect – Lefferts Garden came second, with the median transaction…
Top 10 Best-Selling Buildings in NYC Q1 2016
It’s to be expected that a best-selling buildings list would find its top contenders among the many luxury properties in Manhattan. However, the first quarter of 2016 saw two buildings from Brooklyn enter the ranks of in-demand places to call home in the city of New York. Similarly, it wasn’t only new, up-and-coming developments that managed to close a…
Top 10 Most Expensive Neighborhoods in Atlanta
The city of Atlanta together with its surrounding suburbs feature some of the most desirable neighborhoods in the state. Large, wooded lots provide inhabitants with the privacy and tranquillity of a country home set in an urban location. This is one of the reasons why people from a variety of life stages are drawn to…
Expert Interview with Corcoran’s Michelle Griffith: Pricing is Key in NYC’s Real Estate Market
Here’s a new entry in our Expert Interview Series! We’re extremely proud to feature Michelle Griffith, who’s recently joined Corcoran at their flagship East Side office on Madison Avenue. Being recognized for her achievements and expertise in the luxury real estate market, Michelle loves to work directly with her clients. In this interview, Michelle offers…
Brooklyn Home Prices Go Up 11% in Q1 2016
Fueled by a low inventory of homes for sale, median prices are on the rise, hitting a record breaking $594,000 in the first quarter of 2016, the highest price point we’ve seen in the past 4 years. Compared to last year’s Q1, median sale prices climbed a solid 11%. The Brooklyn home market is still…
Spectacular Growth in NYC Luxury Real Estate Market Boosts Q1 2016
Quarterly Report on the Residential Market Finds Luxury Sales Pushing Up Median Prices Residential Market Highlights: The luxury market recorded a spectacular Y-o-Y transaction growth in Manhattan: 59% more properties sold for over $3 million Median home prices in NYC (excluding Staten Island) rose by 12% Y-o-Y, reaching $595,000 NYC: overall, the price per square foot was up…
The Largest Rental Projects to Hit L.A. in 2015
Scientists are working tirelessly on new technologies that help reduce our carbon footprint. Our buildings—especially the larger ones—have a lot of room for improvement, and where else would it be more pressing to lighten the load on Mother Earth than in a crowded city like L.A.? Developers realized this a long time ago, but the efforts…
Last Year’s Largest Rental Communities Completed in San Francisco
Apartments for rent in San Francisco posted some of the most impressive rent growths in the nation in recent years, resulting from a plethora of new, high-end jobs pouring into the metro, attracting affluent young professionals to The Golden Gate City. The demand went through the roof, prompting developers to build a large number of…
You Can Now Access PropertyShark Tools 50% Faster; New Residential Market Reports Available
Here’s some amazing news for all PropertyShark users! Based on your feedback, we’ve just improved the speed and loading times of our products. We’ve also been busy adding even more options to the Branded Market Reports and releasing the latest data. Read on for more fresh updates from the PropertyShark team: Property Reports, Comps and…
DUMBO Just Out-Priced Most of Manhattan in Q3 2016
Despite rising prices in waterfront Brooklyn, it’s still highly unusual for any outer-borough neighborhood to out-price the notoriously unaffordable Manhattan. Nevertheless, the spectacular evolution of DUMBO commands attention. This small market ranked at number 4 on our Top 50 priciest neighborhoods in NYC list, to reach a jaw-dropping $2.4M median sale price last quarter. Catch more…
TriBeCa Jumps the $4M Mark, Still Reigns Over Priciest NYC Neighborhoods
When it comes to expensive lifestyles and pricey real estate, New York City holds strong to its reputation as the world’s hottest market. Whether it’s a lavish penthouse in sizzling Lower Manhattan or a posh loft overlooking Central Park, the city’s spectacular properties entice deep-pocketed buyers across all neighborhoods. And as we’re less than two weeks…
Top 50 Most Expensive NYC Neighborhoods in Q1 2016
The rampant price soar for the most desirable homes in NYC showed no signs of slowing down in the Lower Manhattan neighborhoods are among the first ten most expensive on our list, while the Garment District leads in record price booms – almost tripling the value of its median sale since last year’s Q1 to $3,496,538 (albeit, with only 6 sales on record). As for…
5 Tips for Finding Your First New York City Office Space
For generations, New York City has been romanticized as the epitome of capitalism and the American Dream. Entrepreneurs continue to flock from around the globe, eager to benefit from the city’s vibrant economy and business-friendly government initiatives. But many quickly discover that despite all the opportunities New York City has to offer, there are equally…
Top 10 Most Expensive Neighborhoods in the Bronx
Which neighborhoods in the Bronx were the most expensive in 2015? And where are the deals for buyers and investors in 2016? Find out as we countdown the 10 priciest Bronx neighborhoods: 10. Castle Hill Median Sale Price: $345,000 Castle Hill, in south-central Bronx, is home to the borough’s only YMCA, features a renovated greenspace…
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