October 2011 Is the Fifth Consecutive Month in Which the Number of Foreclosures in New York City Declines
We just released our monthly report that covers newly scheduled foreclosures for October 2011 in New York City. Here are the key takeaways:
The number of new foreclosure auctions was 6% lower in October 2011 compared to September 2011. If we compare O…
Glenwood Management Secures $260 Million Mortgage for UWS Residential Tower
Glenwood Management secured a $260,000,000 mortgage to develop the project, property records filed with the city yesterday show.
Home sales in the Bronx down by a quarter, but the borough sees second largest condo sale ever
Home sales activity in the Bronx saw one of the worst performances in the past 6 years with only 352 closed transactions, down 26% over Q2 2011, and down 19% over the same quarter of last year.
New York City Lis Pendens Reach 2-Year Low In October 2011
Given the fact that the number of scheduled foreclosure auctions has decreased significantly due to the ongoing bank moratorium, we thought it might be a good idea to take a look at the lis pendens trend. Apparently the number of pre-foreclosure filings is also trending downwards, reaching a 2-year low in October 2011. There were 715…
On the Auction Block: Award-Winning Luxury Development in Atlantic City, NJ
But now, the luxury development, with an address at 600 Carson Avenue, is scheduled for auction on December 1st, having a lien amount in excess of $20,000,000.
Hamptons Distressed Properties Map
Recently the Business Insider wrote an article featuring the 10 priciest distressed properties for sale in the Hamptons with the house at 33 Mill Creek Close, in Watermill topping the list. With a lis pendens filed in September 2011, this property is currently on the market for $9.45M. According to the listing description, it has an indoor…
Million Dollar Price Cuts In The Hamptons
A dive into Suffolk County’s price-chopper hall of fame revealed the following 3 properties as having the largest total dollar price drops in October 2011. For their address, price history and all the other listings details click on the links below: 24 Elm Lane, East Hampton, NY 11954 (▼ $2,095,000) The 3 compound parcels at 24…
NYC Stalled Construction Sites
Based on a list provided by the Department of Buildings, we’ve created a new map, showing stalled construction sites in New York City. You can click on the dots to see photos and information for each of the mapped properties.  According to Curbed, the number of stalled sites is dropping from its November 2010 peak,…
NYC Top Foreclosed Apartments by Lien Amount in 2011
There were a total of 1,602 residential properties scheduled for auction in the first three quarters of 2011, 65% down from the same period in 2010. Among the analyzed property types, the number of apartments (co-op and condo units) comprised 52% of the foreclosures, while two-family dwellings accounted for 26% and the single-family residences for…
$11.6 Million Home Sale Biggest in Two Years in Westchester County, but High-End Home Sales Sluggish
A massive waterfront estate on Milton Point, Rye sold for $11,600,000 in September 2011, the largest sale in the past two years in Westchester County, New York.
Bidding War for Brooklyn’s 836 Prospect Place?
Well, we’re just speculating, but Brownstoner reports that 836 Prospect Place was auctioned two days ago for $810,000. That’s a whole lot more than the minimum bid of $500,000 at which the auction was supposed to start.
Cheapest Homes For Sale in New York City
A Wall Street Journal analysis of the cheapest homes in the five boroughs compiled by PropertyShark.com reveals a diverse mix of properties offered at prices lower than some pay for their monthly rent in the City.
Two of the Biggest Nassau County Foreclosures Present no Interest to Investors
The former Freeport Marina in Nassau County, now a condominium complex, which was scheduled for a foreclosure auction on October 11th, ended up as an REO. The property located on 531 Ray Street, Freeport had a lien amount of $8,630,554. According to this 2008 article, the 1.39-acre property was previously a marina called the Baldwin…
Q3 2011 Manhattan Apartment Sales Map
The third quarter of the year has now ended so it’s time to see what happened on the Manhattan residential market over the past three months. We’ve created an interactive map, as usual, displaying closed apartment sales in Q3 2011. On the map, the size of the circle indicates the number of sales in the…
Top 10 Properties with the Highest Real Estate Tax in NYC
What properties contribute the most to New York City’s tax revenue stream?
NY State Is Selling at Auction a Landmark Brooklyn Townhouse
New York State Office of General Services will sell at public auction 836 Prospect Place, a landmark Crown Heights single-family home.
Water Mill estate enters price chop round four – now $5M cheaper
The Water Mill estate of former Doubleday publishing chief John T Sargent had its price reduced again earlier this month, this time by $5M. Originally listed at $40M in 2010, the property suffered a previous $12M price chop in February 2011 and is currently on the market for $19.995 million. According to Corcoran, this stunning property at…
Development Site in Hyde Park, NY Scheduled for Auction
A 339 acre development site on Route 9 in Hyde Park, located just across from the Culinary Institute of America, is scheduled for auction October 20th.
Princeton Park Corporate Center Scheduled for Auction
Pricenton Park Corporate Center, a 178,000 square foot office building in Middlesex County, New Jersey, is scheduled for auction on October 12th.
Old Westbury, Kings Point Nassau County’s Most Expensive Zip Codes
11568 (Old Westbury), 11024 (Kings Point) and 11765 (Mill Neck) were the three most expensive zip codes in Nassau County in the first half of 2011
Want to stay on top of the real estate market?
Access comprehensive property data and ownership information with intuitive research tools.