Multi-Housing News discovers “What Renters Want” in New York City
Multi-Housing News hit the streets of New York City last week to find out “What Renters Want” in New York City through a series of interviews. Here is the video: Subscriptions to Multi-Housing News are free.
PropertyShark.com Launches InstantAds, a Self-Service Advertising Platform to Reach Real Estate Buyers and Sellers
New York, NY, August 27, 2010 – PropertyShark.com, the premier real estate data website, today officially launched InstantAds, a self-service advertising platform to let businesses and real estate professionals create a text or banner ad and have…
Top New York City Commercial Deals In Q2 2010
PropertyShark has identified the top New York City commercial deals that happened during Q2 2010. Here are the top five: 452 5 Avenue, New York, NY 10018 At the top of the list is the HSBC Bank headquarter. The office building went into contract in 2009 for $330 million according to the Wall Street Journal….
Mercedes-Benz Pays $189.7 Million for New Manhattan Dealership
Mercedes-Benz USA has paid $189.7 million for 330,000+ square feet of retail and office space at 770 eleventh avenue, a deed recorded last week shows. The space will host the German automaker’s new flagship dealership in Manhattan. It is the first and only company-owned dealership in the US and it is expected to set the…
Site of a 32-Story Residential Development Site in Manhattan to be Auctioned Tommorow
The site of a 32-story residential tower on the Upper East Side is scheduled for auction tomorrow, August 5th, in one of the largest non-mortgage foreclosure auctions in years. The lien amount is $9,677,028. The property, a former garage located at 1113 York Avenue was designed to host 173 rental units in a 32-story structure,…
Top NYC properties scheduled for auction in Q2 2010 and their outcome
1,380 properties were scheduled for auction in the five boroughs of New York City in the second quarter of 2010 for a total lien amount exceeding $1.2 billion. We have taken a look at the properties with the highest lien amounts foreclosed upon in the past quarter and discovered how they fared at auction. 1….
Top 3 priciest homes listed for sale last week in Suffolk County
We found the top 3 properties in Suffolk County with the highest asking price that hit the market in the past week. You can click on the photos for more listing details or click on the addresses for detailed property reports. 5 Eel Cove Road, Suffolk County, NY 11975 Single Family Home Village: East Hampton…
New York City’s REO Program – A Year On
Over a year ago the City of New York started a new program to facilitate home ownership for low- and medium-income families in some of New York’s hardest hit neighborhoods, thus preventing the further decline of those neighborhoods severely impacted by foreclosures. Under the REO Program, the City will use a third-party non-profit organization –…
American Realty Capital buys Interior Design Building for $32.7 Million
A deed recorded yesterday, July 8th 2010, shows that American Realty Capital has bought the Interior Design Building at 306 East 61st Street for $32,755,955, or $561 per square foot. The building features 51,640 square feet of office space and 6,700 of retail space. American Realty Capital has invested in several properties in New York…
Top 3 priciest apartments listed for sale last week in Manhattan
Here are top 3 properties in New York City with the highest asking price that hit the market in the past week. You can click on the photos for more listing details or click on the addresses for detailed property reports. 80 Columbus Circle #PH77B, Upper West Side, 10019 Condo Beds: 4 Baths: 5.5 Asking…
Long Island Real Estate Networking Event on July 20th
Join over 400 investors and real estate professionals at the next PropertyShark networking event at Savannah Lounge in Nassau County on July 20th. It’s free but you must register in advance at https://www.propertyshark.com/mason/rsvp.html Meet other leaders in real estate and find referrals, jobs, and deals!
Gravesend home quietly breaks price per square foot record in the outer boroughs
The recent closing of one of the most expensive (sixth ever!) single family homes in Brooklyn at 2009 East 3rd Street didn’t stir much reaction in the media. Only Brownstoner covered it in its weekly section – Last Week’s Biggest Sale. The most exciting fact about the sale was not necessarily the $7.1 million that…
Bank Takes Back Two Properties in Exclusive New York Suburbs
It appears that Eastern Savings Bank has repossessed two single family homes in the exclusive New York suburbs of Kings Point and Upper Brookville. As no sufficiently high bids were made, the properties were repossessed by the banks for $3,929,509 and $2,160,000, placing them among the most expensive repossessed single family homes in Nassau County…
Brooklyn Home Sales Over One Million Dollars Increase in Q1 2010
The number of Brooklyn residential sales over $1 million increased during the first quarter of 2010. There were 121 such sales in Q1 2010, up 33% from Q4 2009 and up 70% from Q1 2009. Brooklyn Heights had the highest number of sales over 1 million dollars (19) while Park Slope had the highest average…
Hampton lis pendens (pre-foreclosures) down 27%
There were 36 properties in the Hamptons that received at least one pre-foreclosure filing in May 2010. The number is down 27% from May 2009 but up 16% from May 2008. So far this year there were 29 properties with a lis pendens in the Hamptons with a lien over one million dollars. Here are…
Rebound for Westchester High-End Market
In line with the widely reported nationwide rebound of the luxury real estate market, Westchester County has seen an uptick in high end property closings since the beginning of the year. Twelve single family homes closed for more than $3 million in the first four months of the year, five of them in April 2010…
Adjacent properties on Broadway in Pacific Heights the most expensive of the year
The most expensive homes yet to be sold this year in San Francisco are two neighboring single family homes on Broadway in Pacific Heights: 2342 Broadway and 2350 Broadway. 2342 Broadway closed on March 17th for $13,500,000, just $500,000 below its original asking price reported on SocketSite.com. The property covers 6,500 square feet and its…
Top 3 priciest homes listed for sale last week in Suffolk County
Here are top 3 properties in Suffolk County with the highest price that hit the market in the past week. You can click on the photos for more listing details or click on the addresses for detailed property reports. 7 Lloyd Cove Court, Lloyd Harbor, NY 11743 Single family home Beds: 5 Baths: 5 Asking…
The Hamptons: Top 5 Biggest Sales in 2010 (so far)
Recently released first quarter market reports indicated a rebound of the Hampton’s real estate market from last year. We took a look at the most expensive homes in the Hamptons to close since the beginning of the year. 1. 364 Further Lane, East Hampton The house was sold for $17,570,000 in January 2010. According to…
2009 Malibu Residential Sales Map
In this PropertyShark study on the value of a beachfront property in Malibu, we see that the median sale price for beachfront homes is 51% higher than it is for homes on the ocean side of the Pacific Coast Highway (but not beachfront) and 122% higher than for those on the other side of the…
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