44-Unit Apartment Building in Inwood, Manhattan Scheduled for Auction
A 44-unit apartment building located at 509 West 212th Street in Inwood, Manhattan is scheduled for auction on April 6th 2011. The lien amount is $5,288,753. The property seems to be owned by Milbank Real Estate, a California-based company that defaulted last year on a $35 million loan used to finance a portfolio of 10…
CEO Buys Most Expensive Apartment Ever in Park Avenue Building
The closing of apartment 6A at 1100 Park Avenue for $8.05 million marked the highest price ever paid for an apartment in the 18-story pre-war coop building. The buyers are Gail Pisano and Joseph Gromek, the latter identified by Bloomberg as the CEO of Warnaco Group Inc., the apparel company. According to the listing description…
7-Story Property in Midtown together with 5 Units in a Harlem Condo Conversion Re-scheduled for Auction
A 7-story property in Midtown on West 26th Street which seems to share a lien with five units in a Harlem condo conversion with an address at 206 East 124th Street have been re-scheduled for auction on April 13th. The lien amount is $5,137,598. The auction notes do not clearly state which units in the…
NYC Top 10 Commercial Deals in February 2011
The priciest commercial transaction in February 2011 involved the office building located at 600 5th Ave, which sold for $165,000,000.
Super Fast-Closing Deals in Manhattan Luxury Apartment Market
Luxury apartments that are selling in less than 20 days after being listed are anything but the norm in the Manhattan market of the last few years. Actually, according to the latest market report by Miller Samuel, the average number of days on the market for an apartment in Manhattan was 125 days in Q4…
Foreclosure Proceedings Started Against City Place Site in San Francisco
Notices of default, which signal the start of foreclosure proceedings, have recently been filed against 5 parcels on Market Street in San Francisco between 5th and 6th streets. A 6th property located in the area, on Mission Street, has been hit with a notice of default as well. Three of the parcels hit with a…
2011 Oscar Nominees Homes In The Los Angeles Hills
We created a map pointing out the location of the homes of some of the 2011 Oscar nominees Los Angeles. (Specific address not included) One of them is Mark Wahlberg, who allegedly bought a 6 acre vacant lot in Beverly Hills zip code 90210 in 2009 for which he paid $8.2 million. Another resident of…
Proposed Ultra-Luxury Conversion in SoHo Scheduled for Auction
As first reported by Forbes, the proposed luxury residential conversion at 476 Broome Street (aka 62 Wooster Street) in SoHo is scheduled for auction on March 17th. It has a lien amount of $32,309,343. According to the developer’s website, the luxury conversion would have had 2 penthouses, a total of 5 residential units, roof-top swimming…
Walnut Hill Group Buys Midtown Hotel for $43.8 Million
Our records show that Walnut Hill Group, the California-based real estate investment group, has acquired the Holiday Inn Express at 15 West 45th Street for $43,865,680. This seems* to be the first property purchased by the Walnut Group in New York. Magna Hospitality Group was the seller in this transaction. Magna Hospitality Group bought the…
Most expensive multifamily buildings sold in 2010 in NYC
We created an interactive map showing the most expensive multifamily buildings sold in Manhattan, Brooklyn and Queens. Click on the map to get more details on the properties. In Manhattan the top three transactions involved the rental buildings sold by Harry Macklowe. The first involves the Rivertower at 420 East 54 Street in East Midtown,…
Hilton Club at 1335 Avenue of the Americas Plagued by Foreclosures
Timeshare foreclosures usually go by almost unnoticed, as their complicated ownership structure can make them less desirable for real estate investors. However, the stunningly high occurrence of scheduled timeshare foreclosure auctions at 1335 Avenue of the Americas caught our attention. Hilton Club is the name under which Hilton Hotels started to sell timeshares on two…
Proposed Luxury Conversion in TriBeCa Scheduled for Auction
A 7-story property located at 37-39 Warren Street (aka 132-138 Church Street) in TriBeCa is scheduled for auction on March 2nd with a lien listed at $28.9 million. The property was bought for $28 million in October 2007 by Millenium New York, a Long Island property developer. According to Real Estate Weekly (via All-Business.com), the…
Mapping New York’s Adopted Rezoning Areas in 2010
The year 2010 saw ten areas in New York City have proposed rezoning approved by the City Planning Commission. Four of these are located in Manhattan, three in Queens, two in the Bronx and one in Brooklyn. PropertyShark has put together a map to provide a quick overview of the areas which experienced a zoning…
New York City residential lis pendens in 2010
We’ve created a new interactive map showing where in NYC were residential pre foreclosures happening in 2010.
Hamptons house sees $12 million price cut this week
The waterfront house at 186 Crescent Avenue in Water Mill has recently suffered a 26% price drop from it’s previous listing price.
Q4 2010 Brooklyn Apartment Sales Map
The Corcoran Group recently released their quarterly market report covering closed apartment sales (condos and coops) in Brooklyn for Q4 2010. For a visual perspective, we have put together an interactive map showing the sales that closed and were recorded in the fourth quarter of 2010. The size of the circle indicates the number of…
The Lucky Break of Rent-Stabilization
An article in The New York Times talks about rent-stabilized apartments and the industry built around the decision of whether or not to buy tenants out. Matthew Haines, the founder of PropertyShark, shared his personal experience from when he was a landlord himself. Read more at http://www.nytimes.com/2011/02/06/realestate/06cov.html.
Top 10 Queens Commercial Deals of the Last Year
PropertyShark has put together a list of the top 10 commercial transactions in Queens that closed during 2010. At the top of the list we find the store building located at 92-06 Atlantic Ave, sold by the PathMark Stores for $36,488,888 in November 2010. Below is the complete list of the top 10 most expensive…
Brooklyn Top 10 Commercial Deals in 2010
A study by PropertyShark has revealed the top 10 closed commercial property sales that happened in Brooklyn in 2010. Here are the top three. The priciest commercial transaction in 2010 involved the Viridian building, located at 110 Green St, that sold in December for $58.2 million. In second place was the building located in Downtown…
Top 15 commercial transactions in Manhattan in 2010
PropertyShark has identified the top 15 commercial deals in Manhattan that closed during 2010, and we put together an interactive map to show the location of these properties. The most expensive transaction involved the office building at 103 8th Avenue bought by Google for $1,770,000,000, followed by the commercial condo unit at 11 Madison Ave…
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