Adela Muresan
Expert Interview with Ian Katz: The Appeal of Buyers’ Brokers in the New York Market
Our most recent Expert Interview guest, Ian Katz, real estate broker and founder of Ian K. Katz Group, talked to us recently about his business and the advantages of working exclusively with home buyers. To put it simply, when brokers no longer have an incentive to speed up the process or pitch a particular listing that…
The 10 Most Expensive Homes for Sale in New Jersey
Much has been said of the soaring value of urban pads in the sky in America’s biggest cities, penthouses carved of steel and glass asking for their weight in gold. Closer to the ground, however, traditional homes, at least the super-sized versions of them, still command the attention of wealthy buyers in ever increasing numbers….
Top 10 Best-Selling Buildings in NYC 2016
2016 was a great year for some of New York’s largest developers looking to finally cash in on their investments, as several high-profile developments completed construction work and closed a large number of deals initiated in the past 3 years. We took a look at the residential market of 2016 and singled out the developments…
The Housing Gender Gap: Where Can Single Men and Women Afford a Home?
The housing market across America has been accelerating over the past few years, and most cities have managed to pick themselves up and thrive after the recession of the last decade. The other side of the coin, however, shows a harshly competitive urban landscape where new-comers and long-time residents race neck and neck for a…
CRE Pros’ Predictions for 2017: Best Bets Are on Brooklyn, While Midtown Retail Is Expected to Decline
After taking the pulse of the residential market and drawing the outlook for 2017, we decided to pick the brains of commercial real estate pros on what’s to come in the retail, office and multifamily sectors. First, a quick overview: Investment in the multi-family sector will remain strong, say 61% of respondents, and Brooklyn is…
10 Most Expensive Homes Sold in Brooklyn 2016
Brooklyn’s seemingly never-ending price hikes held course in 2016, particularly in the second half of the year, when the median sale price across all residential properties in the borough hit $650,000. Looking back, several homes in the borough were worth a whole lot of money last year, with some condos and townhouses in northwestern neighborhoods selling at prices one…
The Top 20 NYC Commercial Lenders in 2016
The commercial real estate market in New York remained strong in 2016, and CRE lending followed suit after the slump of the first quarter. Encouraged by historical lows in interest rate, and a generally healthy evolution of the main commercial sectors in Manhattan – by far the largest CRE loan sub-market in the US –…
10 Most Expensive Homes Sold in the Hamptons in 2016
The Hamptons real estate market has been slowing down lately, according to the luxury homes still sold for higher prices than a year ago, in Q3 2015. Sales closed at a slower pace in 2016, but for some former owners, the money they got was well worth the wait. Take a look at the list below…
Down Payments in Manhattan Now $500K – Almost Double the Median Sale Price in the US
55% of Manhattanites bought their home all cash in 2016, compared to the national average of 33% The median down payment on a home purchase in Manhattan was $500K, a huge sum to consider when compared to the full price of the average home in the US – $301K The median down payment for a luxury home…
Top 20 NYC Residential Lenders 2016
Wells Fargo issued the highest number of mortgages this year – 2,081 JP Morgan Chase issued luxury home mortgages for the sum of $414 million The lowest median down payment – 13% – was operated by Homebridge Financial Services In a place like New York, where home prices are sky-high and demand is never lacking, financial institutions get a…
The Super-Rich Take On San Francisco & Silicon Valley
So many of the individuals on Forbes’ World Billionaires List made their fortune in the tech world, that we just had to take our Billionaires vs. Real Estate series to their business alma mater – Silicon Valley. And given how this is also one of the most expensive real estate markets in the country, we…
NYC Multifamily Investments Slow Down in Q3, Manhattan and Brooklyn See Losses
The market for NYC multifamily properties took a hit last quarter, as investor trust seems to be dwindling. According to a recent report by Ariel Property Advisors, the number of buildings purchased between July and September was down 22% Y-o-Y, and 10% since the previous quarter! 284 buildings were sold in 178 transactions, for a…
How Many Billionaires Does It Take to Buy Manhattan?
We enjoy poring over the latest issue of Forbes’ World Billionaires List as much as the next person, watching the billions stack up every year, but have you ever realistically considered what that kind of money could actually mean? We just did. And being in the business we’re in, we decided to count the dollars…
Top 10 NYC Best-Selling Buildings Q3 2016
A sculptural tower in TriBeCa takes over the number one spot as NYC’s best-selling building last quarter. Although in our Q1 and mid-year Top 10 lists Carnegie Park in UES reigned supreme, with by far the highest number of recorded sales, in Q3 the newish development at 56 Leonard Street became the best-selling building in…
Is the Average Texas Home Size On Par with Rising Prices?
The “sizzling” Texas real estate market made news across local and nationwide industry publications this summer, and developers could not be happier. Sales and prices are soaring and there’s plenty more demand for new housing to keep them busy for years to come. But are average home buyers getting what they pay for in terms of…
Real Estate Is at the Heart of the Second Harlem Renaissance
A second Harlem Renaissance is underway, this time driven by an influx of money and a middle class population eager to escape the hectic life and ridiculous housing prices in the rest of Manhattan. So we decided to take a look at what the neighborhood has to offer in terms of homes and single out…
Who Lives Largest? The Growth of Urban American Homes in the Last 100 Years
It’s a common grievance by now that living quarters in the most popular cities across the nation have been shrinking, with people paying ever more money just to save some time on their daily commute. In fact, a recent analysis found newly built rentals span the least number of square feet since before the market…
Top 20 NYC New Projects Proposed So Far in 2016
The city is ablaze with new developments in what’s been called by Forbes the best time to be a real estate developer since 2007. The level of investment opportunity in Queens has attracted the spotlight, and in the first 7 months of 2016, the total square footage of proposed development space counted over 3.5M square feet, almost…
The Fabulous Upper West Side Real Estate Story
To take away: the most expensive home ever sold here was a penthouse fit for a king: price paid – $88M! the largest home is a century-old 11,500-square-foot mansion next to Riverside Park the UWS is one of the neighborhoods with the most permanent residences, percentage-wise: only 55% of all housing units are rentals , a…
Chelsea Penthouse Is Up for Auction – Lien Amount $800K below Market Value
2,300-square-foot Chelsea penthouse in a modern condo building goes to auction on August 24, with a lien of $3.8M. The auction will take place at 2:15 PM at 60 Centre Street, Room 130, New York City. Manhattan foreclosures are a rare bird, and penthouses up for auction even more so. One such uncommon case is that…