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…
A peek inside the Toren Condominiums
Developer Donald Cappocia takes Multi-Housing News on a tour of one of New York’s best selling condo buildings in 2010, Toren. 110 Units were sold in the 38-story condo building in 2010 at a median sale price of $470,000. Click here to a take a look inside the building.
Top ten buildings in New York City with the most units sold in 2010
PropertyShark has identified the coop and condo apartment buildings with the most units sold (recorded) in 2010. Seven out of the top ten buildings were located in Brooklyn. The first building is Be @ 189 Schermerhorn, located in Downtown Brooklyn. 121 units have been recorded so far as sold in 2010. The median sale price…
New York City Foreclosure Listings in Q4 2010 Down 32% from 2009 Levels
New York, NY, January 19, 2011– PropertyShark.com, the premier real estate research site, released its quarterly report covering first-time residential New York City foreclosures for O4 2010.
Key Report Findings
The number of new scheduled New …
New York City’s most expensive homes sold in 2010
PropertyShark has identified the most expensive single family homes and condo/coop apartment units sold in New York City in 2010. Here are the top three. The priciest residential property sold in 2010 was a penthouse at 15CPW in Lincoln Square that sold in December for $40 million. In second place was a condo located in…
U-Store-It Buys Fourth Storage Facility in New York
U-Store-It, LP, the real estate company focused on ownership, operation and acquisition of storage facilities, has acquired its second storage facility in Queens and its fourth city-wide, a deed recorded last week shows. This brings the company’s total investments in New York to $51,150,000. The company paid $13.6 million for 11-25 Wyckoff Avenue, a self-storage…
Temporary freeze bring foreclosures to pre-crisis levels in Long Island and the Hamptons
The temporary foreclosure freeze had a massive effect on the number of properties scheduled for auction in the last month of 2010, and its effects will extend into 2011 as well. It has artificially brought down the number of scheduled auctions to pre-crisis levels. Only 78 properties were scheduled for auction in December 2010 in…
CIM Group Pays $469 Million for Stake in 11 Madison Avenue
A title document recorded last Thursday shows CIM Group paying $469,400,000 for 49% of 11 Madison Avenue. The massive 1,600,000 square f00t property was bought by the Sapir Organization in 2003 for $675,000,000, our records show. The deal was first reported by the Wall Street Journal on December 16th. However, the transfer price was undisclosed…
Q4 2010 Manhattan Apartment Sales Map
The major brokerages in New York just published their quarterly market reports on the state of the Manhattan real estate market. PropertyShark has put together an interactive map, accompanying the quarterly market report of the Corcoran Group, which displays closed apartment sales in Q4 2010. On the map, the size of the circle indicates the…
Data shows 5th year of decline in new building construction permits filed
A study on new construction permits filed in New York in the first eleven months of 2010 shows a 28% drop compared to the same period of last year. This represents the fifth year of decline in new building permits issued by the City, which total only 5,924 for the first eleven months of 2010,…
Surge in Investor Confidence, particularly in Multifamily properties
An article in Multi-Housing News reports an increase in investor confidence, particularly in Multifamily properties, based on the Third-Quarter 2010 Real Estate Investment Outlook released by Marcus & Millichap and NREI. Read more at www.multihousingnews.com/news/surge-in-confidence-puts-investors-on-the-hunt-particularly-for-multifamily/
Top apartment buildings with most units sold in 2010 in NYC
PropertyShark has identified the apartment buildings that had the highest number of units sold during the three quarters of 2010.
Fort Greene’s Cartlon Mews Changes Hands Yet Again
The development site in Fort Greene known as Carlton Mews has been resold, yet again, this time for $4.1 million. The development site, which encompasses a church, a townhouse and two vacant lots, was most recently acquired in December 2009 for $5.75 million, by Sprain Brook Realty. Sprain Brook Realty apparently shared a CEO with…
Top Multifamily Buildings sold in 2010 in NYC through 3 quarters
Here are what we found to be the top multifamily homes sold in the three quarters of 2010 in Manhattan, Brooklyn and Queens. We made 3 interactive maps showing what were the most expensive buildings bought in each of the three boroughs.
Last PropertyShark networking event of the year in Manhattan on October 26th
The last PropertyShark.com real estate networking event of 2010 will be held on October 26th in Manhattan. Over 300 investors and real estate professionals have already registered. (See the list here).
It will be a great mix of industry professionals including investors, lenders, developers, lawyers, brokers, appraisers, and more! Build your network and get leads, find jobs, and close new deals.
It’s free for all paid PropertyShark subscribers (plus a guest) as a benefit of being a subscriber. It’s $15 admission for everyone else ($25 at the door depending on space). If you subscribe before you register for the party, you will get in free.
Everyone must register in advance at https://www.propertyshark.com/mason/rsvp.html
Complimentary food will be served by the venue. Reserve now, as space is limited.
Top New York City Commercial Deals In August 2010
At the top of the list is a 24 story office tower located in Midtown. SL Green purchased it for $330 million on August 31 from Shorenstein Company LLC.
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