Queens Now One of the ‘Top 15 Most Expensive Housing Markets in North America’
According to a recent analysis made by Point2 Homes, as of December, 2015, three of the 15 most expensive housing markets in North America were New York boroughs: Manhattan, Brooklyn, and Queens! While the first two entries aren’t too surprising, the fact that Queens made the list at all warrants a few comments and reactions. Here is…
Manhattan Least Renter Friendly, Home to 15 of the Priciest ZIP Codes in the U.S.
Despite recent rumors that the NYC luxury home market has been sluggish in the past year, on the residential front, renters are unwillingly competing with home buyers to see ‘who has it tougher’, with both parties claiming one victory upon another. With monthly rankings of priciest NYC condos sold now regularly featuring $19 million properties,…
PropertyShark Expands Its Corporate Clients Portfolio with Keller Williams NYC
PropertyShark’s portfolio of corporate clients includes the major brokerage companies in NYC and it’s a huge honor for us to be trusted by the top industry players. We are proud to announce another corporate client! Keller Williams NYC, ranked among the top NYC brokerages, is also powered by PropertyShark services. These services are designed to…
Expert Interview with Elegran’s Chris Fry: Lower Manhattan Real Estate Market Is Definitely Hot
PropertyShark has become over the years an established source for real estate market reports and we decided to complement our analyses with insights from top industry players. We turned to Elegran’s experienced power broker, Chris Fry, for insights on the current state of the market and the challenges faced by the industry in 2016. Here,…
High Profile British Publication Slams NYC Luxury Market, Reports 27% Drop in Sales; Reality Widely Different
After being recently overthrown by Beijing as the billionaire capital of the world, New York City makes international headlines once more, this time being wrongly accused of failing to attract buyers for its trophy properties. A luxury NYC homes has dropped considerably in 2015. According to the publication, only 110 luxury sales ($10+ million) were recorded in…
Manhattan’s Top 10 Best-Selling Buildings in 2015
NYC offers a diverse selection of ultra-prime real estate for home buyers, condo dwellers, and investors. In spite of strong shows of force being put on by New York City’s other boroughs, Manhattan continues to dominate the attention of the world. Though it didn’t make the top 10 with 48 units sold, a special mention…
Top Most Expensive NYC Multi-Family Buildings in January 2016
January’s list of most expensive NYC multi-family buildings includes a good number of package deals as Related acquired its Bronx portfolio with properties on Carpenter Ave, Decatur Ave and Creston Ave. The top of the list is still dominated by properties in Manhattan and Brooklyn. Most expensive multi-family deal The Riverton Housing Complex – a…
Most Expensive NYC Retail Property Sales in January 2016
The first month of 2016 recorded intense activity in the NYC retail market with Manhattan dominating the list of most expensive properties sold. Brooklyn and Queens are also both well represented, while the Bronx makes one contribution to the list thanks to a package deal closed for two neighboring store buildings in Wakefield. Most expensive…
Top Most Expensive NYC Office Sales in January 2016
The office market started 2016 at full speed as several deals closed for prime spaces in Manhattan neighborhoods such as SoHo and Midtown. Though the priciest deals recorded were for Manhattan buildings, Queens also takes several spots in the list of most expensive sales, reasserting its position as a hot market for office spaces and…
Top Most Expensive NYC Single-Family Home Sales in January 2016
The top 20 single-family sales in NYC during the first month of the year recorded values between $1,250,000 and $13,000,000. Even though the top 3 most expensive houses sold were all in Manhattan, 12 Brooklyn houses were also sold for more than 1 million dollars, the most expensive transaction being $5.8 million. Most expensive Single-family sold…
Top 20 NYC Condo Sales in January 2016
It’s no surprise that Manhattan condos are expensive, becoming even further out of reach for the would-be homeowner. But occupying all of the positions in last month’s top 20 most expensive condos – that’s something that can’t be overlooked. Most expensive condo sold The top price for a condominium in January 2016 ($18,926,920) was paid by…
Top 20 NYC Coop Sales in January 2016
On the residential front, Manhattan had a good start this year, the 20 priciest condos sold in January being all from this borough. Almost all of the priciest coops sold were also from Manhattan, with only a single property from Brooklyn exceeding the $2.5 million sale price. Most expensive Coop sold The most expensive sale…
Top 10 Best-Selling Buildings in Queens
While often overshadowed by Manhattan and Brooklyn, Queens has a lot to offer to buyers looking for luxury amenities, accessibility, and proximity to green spaces. Property Shark’s data shows significant real estate transaction activity over the last year in the borough. Check out the best-selling buildings in Queens ranked by number of units sold in…
Brooklyn’s Top 10 Best-Selling Buildings in 2015
Where are the buildings Brooklyn buyers love most? While property prices may be substantially lower compared to the most popular buildings in Manhattan, Brooklyn’s trendy rebirth has certainly driven a substantial amount of real estate activity in the last year. Dive into Property Shark’s countdown of the most in-demand buildings in Brooklyn based on the…
If You’ve Ever Wanted to Buy Property in Canada, Know that it Now Costs You 29% Less
While there was a time when the Canadian dollar matched the U.S. one in terms of value — about 5 years ago — 2015Â has dramatically shifted the balance in favor of U.S. currency. The Canadian dollar now stands at $0.71 of the U.S. dollar (and that’s a 4 week-high), an exchange rate that increases the…
Top 20 Most Expensive Queens Neighborhoods in 2015
The real estate market in Queens registered impressive price gains in 2015 while the luxury segment in particular flourished, according to our recent market report for the borough. The median sale price in Queens reached an 8-year high at $360,000 and here we take a look at the neighborhoods that are leading the borough’s growth….
Bronx Luxury Market Is Picking Up, Median Home Price Sees Very Modest Increase in 2015
Residential Market Highlights The median price reached $250,000, a modest 2% increase Y-o-Y. The total number of transactions closed was 1,938, far from the values seen before 2008. The luxury market is picking up and reached an all-time high with 37 sales recorded over $1M. Most expensive neighborhood: Morris Park, median home sale price hit…
Brooklyn’s Top 20 Priciest Neighborhoods in 2015
2015 was an exciting year for Brooklyn’s residential market, the median home price hitting an all-time-high of $560,000. The luxury market registered a record number of sales (570) while the most expensive property in Brooklyn was sold for $15.5 million. Even though Manhattan has some of the priciest real estate in the world, one of Brooklyn’s…
Top 20 NYC Condo Sales in 2015
100% of NYC’s top 20 condo sales in 2015 were in Manhattan. This list of ultra-prime residential real estate boasts luxury flips on Billionaires’ Row, expansive penthouses, and townhouses which are legendary works of architectural art. The Times Square-Theatre District neighborhood put on a grand show, as it dominated the top condo sales in the…
Top 20 Most Expensive NYC Office Sales in 2015
In 2015, several of the trophy buildings in Financial District and Central Midtown in Manhattan found new owners among the big buyers of office space in NYC and we mined our data for the top 20 most expensive office building sales: 1. 730-734 5 Avenue, Manhattan Sale price: $1,775,000,000 This was a truly stellar deal in…
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