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…
Top 20 Most Expensive NYC Retail Sales in 2015
The NYC retail market has seen not only rents climbing in 2015, but also some strong deals being closed, most of them in Manhattan but several of them in Queens and the Bronx as well. 1. 144 W 34 Street, Manhattan Sale Price: $355,000,000 Located in Chelsea, this store building was previously sold in 2014…
Top 20 NYC Multifamily Sales in 2015
2015 was a busy year for NYC commercial real estate! While Manhattan certainly boasts the title for the most top 20 multifamily property sales over the last 12 months, Brooklyn, Queens, and The Bronx make appearances too. Find out who the biggest deal-makers were, and what they paid hundreds of millions of dollars for: 1….
Park Slope Real Estate Market Broke Home Price Record in 2015. Luxury Market Was Booming
Park Slope Residential Market Highlights (2015) The median home sale price continued to climb in 2015 to a record value of $930,000, up by 10% from 2014; The number of sales was at its second-lowest in the last decade: 478 sales; The luxury market in Park Slope was booming, with 91 properties over $1.5 million changing…
Top 20 NYC Single-Family Home Sales in 2015
2015 was yet another busy year for New York City real estate and we turned to our database for the top 20 most expensive single-family sales. All but one were in Manhattan. The single exception was a $15.5M sale in Cobble Hill, Brooklyn. Here are the exceptional properties that were the most sought after by…
Top 20 NYC Co-Op Sales in 2015
The first half of 2015 was especially hot for NYC’s co-op market. 15 of the top 20 most expensive units were sold in the first 6 months of the year. Lenox Hill dominates the list while the Upper West Side also made quite a few notable appearances. Discover the most expensive NYC co-op sales in…
Median Home Sale Price in Astoria Climbs to All-Time-High
Astoria Residential Market Highlights in 2015 Median Home Sale Price in Astoria Overall: $551,500 (+17% Y-o-Y). The number of sales is at its second highest level since the market fell (267 transactions). Ditmars-Steinway was the 5th most expensive neighborhood in Queens by median sale price ($794,500, up 20% Y-o-Y). Most expensive home sold: $3M for…
Williamsburg Breaks New Home Price Record in 2015, but Occupies Bottom Position in the Top 10 List of Most Expensive Brooklyn Neighborhoods
The crowned king of Brooklyn gentrification, Williamsburg occupies only the 9th spot on Brooklyn’s top 10 star neighborhood list. This is despite the fact that the Williamsburg real estate market registered its highest median home sale price ever: $900,600. A New Record for Williamsburg’s Median Home Sale Price: $900,600 With only 499 residential sales* closed in 2015 — the second lowest number of sales…
Home Prices and Luxury Sales in Brooklyn at New Peaks in 2015
Brooklyn 2015 real estate market report highlights: Brooklyn median home sale price hit an all time high in 2015, reaching $560,000. The luxury market registered a record number of sales in 2015: 570 (up by 16% year-over-year) DUMBO was the most expensive neighborhood in Brooklyn: median home sale price: $1.4M Prospect Lefferts Gardens registered the biggest home…
Sunnyside Real Estate in 2015: Still Affordable?
Sunnyside Real Estate Market Report 2015 Median Sale Price: $294,500 Located on the Western side of Queens and home to the charming historic district of Sunnyside Gardens, this neighborhood is attractive to buyers due to the easy access to Manhattan via the 7 subway line and due to its still affordable prices, especially if compared…
Long Island City Home Sales Set New Records in 2015
Median sale price at an all-time-high and the luxury market is flourishing! The Long Island City area* has for a while now been center stage in New York real estate and our latest market report shows that things are not changing. On the contrary, the median sale price per property hit an all-time high at…
Queens Home Sales Prices Hit 8-Year High in 2015
Queens: median sale price is back to levels seen before 2008 Residential Market Highlights The median Queens home sales price hits an 8-year high: $360,000. The total number of transactions was 11,500 (-5% Y-o-Y). The luxury market record for number of sales was broken: 323 sales recorded over $1M. The most expensive neighborhood: Forest Hills…
Real Estate Events We Are Attending in January 2016
We can’t think of better way to kick off the New Year than with some spectacular real estate networking events! With the successful release of our mobile app in 2015 and some of the top secret updates we’re currently working on, we’re very excited about 2016 so stay tuned to this blog for updates. In…
Median Home Prices in 3 NYC Neighborhoods Jumped Over $3 Million in 2015
New York City may be revered as the real estate mecca of our planet, but where you live in the Big Apple still makes a big difference. If you’d like to call home one of the trendiest NYC neighborhoods and join the celebrities, be prepared to pay more than $3 million for an “average home.” For the first…
Are Your Property Taxes Too High?
If you think you may be paying too much in property taxes, there is a way to address this by pursuing a tax grievance. A successful appeal will mean lower taxes and less financial burden on you as an owner, but could also make your property more attractive to buyers if you plan to sell…
Uncovering 215 Years of Home Architecture in NYC [Slideshow]
By revamping one of our older research project, our friends at RENTCafé have crafted a cool slideshow of the evolution of home architecture in NYC over the last 215 years. They’ve captured snapshots of beautiful homes via Google Maps Street View and crunched interesting property data from our property reports. If you’re not the walking…
Top 10 List of Million-Dollar Manhattan Homes Bought at the Auction
Before the economic collapse, it was only now and then that you heard about luxury homes being sold at a bargain as a result of the owners’ incapacity for making their payments. The situation changed radically after recession hit, with news about beautiful pieces of real estate turning into damsels-in-distress becoming more and more common across the US….
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