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
Permits Filed For A 45-Unit Residential Development in Clinton and 255 Bowery
A building permit was recently filed to convert a garage in Clinton, between 10th and 11th Avenues, to a 30,000 square foot residential development. According to the permit file, which lists Emmut Properties Corp. as the property owner, the new structure will be 7-stories high and will accommodate 45 apartments.
Mapping Inclusionary Housing Areas in NYC
Inclusionary housing areas are designated by the City of New York and promote economic integration by giving out incentives to residential developers in the form of a floor area bonus.
Nassau County’s Most Expensive Foreclosure – A Historic 18th-Century Manor
109 Post Road, a historic manor in Old Westbury built in 1776, has been scheduled for auction on October 11th, having a lien amount of $2,225,611.
The Real Deal Celebrates Its 100th Anniversary Issue
One of the best real estate magazines in the country, the Real Deal has recently published its September issue – the 100th –
Home Sales in the Bronx at 5-year Lows; City Island the Borough’s Most Expensive Neighborhood
The number of home sales in the Bronx in the first half of the year was the lowest since 2005. Only 667 homes changed hands in the first two quarters of 2011
“More Manhattanites Buy Brooklyn Condos” – What About the Other Way Around?
We recently released a study, first covered by Brownstoner, which revealed that Brooklyn condos are becoming increasingly appealing for Manhattan buyers, especially those priced at $1 million and above.
Brooklyn Luxury Real Estate Market at Three-Year High
More good news has come out about Brooklyn’s real estate market after two of its neighborhoods ranked among New York City’s most expensive neighborhoods and the borough posted the lowest rate of lis pendens ending up at auction. PropertyShark analyzed the activity in Brooklyn’s luxury market (residential sales of $1 million and above) and the…
Condo Financing in NYC – Not Much Changed On the Top End
A brief look at the largest residential mortgages handed out in 2011, as compared to a similar list compiled for the pre-crisis period, leaves one with the impression that today financing is as widely available for condo owners and buyers as it was several years ago. That is at least for buyers of high-end condo apartments in Manhattan.
Brooklyn’s Dumbo makes it in the top 5 most expensive NYC neighborhoods
We’re all pretty much familiar with Forbes’ annual list of the most expensive zip codes in the U.S. which last year ranked West Village’s 10014 as New York City’s most expensive zip code. But how do the rankings change if we analyze entire neighborhoods and move away from the strict zip code boundaries? Not so…
What Will Buy You a Home on Brooklyn’s Greenest Blocks?
The Brooklyn Botanical Garden has just announced the winners of its 17th annual Brooklyn’s Greenest Block contest. The winner of this year’s contest in the residential category is the East 25th Street block between Clarendon Road and Avenue D. The block’s housing stock consists mainly of single- and two-family brownstones built around 1900, and according…
Foreclosure Process Length Doubles in NYC; Brooklyn Sees Lowest Rate of Properties in Lis Pendens Ending Up at Auction
The length of the foreclosure process has doubled in New York City over the past three or four years, an in-house study made by our data analysts showed. The average number of months it took for a delinquent mortgage to reach the final stage of the foreclosure process, that is to be scheduled for auction,…
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