PropertyShark Staff
Q1 2012 Brooklyn Apartment Sales Map
Our quarterly map displaying apartment sales in Brooklyn is ready to reveal the state of the market in the first quarter of 2012. On the map, the size of a circle indicates the number of sales in that building and the color indicates the price per square foot. For more details about the sold units…
Most Expensive NYC Neighborhoods in Q1 2012
Tribeca and Soho were again the priciest NYC neighborhoods in Q1 2012, with median sale prices of $2,315,000 and $1,950,000 respectively. However, if we look at median price per square foot, the two neighborhoods were surpassed by the West Village with $1,592/Sq Ft and Midtown with $1,424/Sq Ft. Brooklyn had two neighborhoods in the top…
Commercial Transactions in New York City up 52% Y-o-Y
Q1 2012 was the fourth consecutive quarter in which the commercial real estate market in New York City accounted for more than $4 billion in sales ($4.98 billion), recording a 52% Y-o-Y increase. In terms of commercial transactions, the 849 sales closed in Q1 2012 were up by 25% over the first quarter of 2011…
Top 10 NYC Buildings with Most Units Sold in Q1 2012
The first quarter of 2012 saw The Edge edge ahead once again (pun intended) as the building with the most units sold – as was the case taking 2011 as a whole. 4 buildings were in a tie with the same number of units sold, thus meaning that the “top 10” contained in fact 13…
Continental Plaza in Hackensack Scheduled for a Foreclosure Auction
Continental Plaza, a three-tower office complex located on 401 Hackensack Avenue in Hackensack (Bergen County), is scheduled for a foreclosure auction. The lien amount is $101.9M. According to a North Jersey.com article that dates back to May 27th, 2010, the interest-only mortgage was initiated in 2004 but could not be refinanced in September of 2009,…
Q1 2012 Manhattan Apartment Sales Map
If you haven’t read about it yet, our interactive apartment sales map is ready to show what parts of Manhattan had the most sales in Q1 2012 and where the priciest sales were located. On the map, the size of the circle indicates the number of sales by building while the color shows the price per square…
The Most Expensive Blocks in Brooklyn
It’s time for our third and final post covering the most expensive blocks in New York City, and this time we analyze Brooklyn. If you haven’t read the first two entries (covering the most expensive blocks in Queens and over NYC as a whole), you can do it here and here. If you look at…
The Most Expensive Blocks in NYC
Continuing the topic of our recent article that covered the most expensive blocks in Queens, it’s time to go city-wide. We could have easily entitled this post “Most Expensive Blocks in Manhattan”, since New York City’s 10 priciest blocks are all located in Manhattan. A quick glance at the Upper East Side dominates the top…
Yardi Launches Corporate Blog
We are happy to announce that Yardi Systems, our parent company, has launched a brand new, amazing-looking blog. Called “The Balance Sheet”, it is “the place to get news and information about all things real estate that matter to you”. In addition, it aims to keep its readers up-to-date with all the latest developments in…
Cherry Hill’s Woodcrest Country Club Scheduled for Auction
The Woodcrest Country Club, located at 300 Evesham Road in the Cherry Hill Township of New Jersey, is scheduled for a foreclosure auction on March 28th, with a lien amount of $11,877,437. The 155-acre property is located just a few short miles away from the city of Philadelphia. According to this 2010 article, the club…
Most Expensive Blocks in Queens, New York
It might have come as a surprise to some people that, according to our latest report, the priciest block in Queens was located in Belle Harbor/Neponsit (see interactive map). The median sale price on the beach front block located between Beach 145 Street and Beach 146 Street was $2.5M. As reported by the New York…
Most Expensive NYC Neighborhoods in 2011
Tribeca and Soho reasserted their status as the top two most expensive neighborhoods in New York City in 2011, our latest analysis reveals (check out our previous analysis for Q3). With yearly median sale prices of $2,245,075 and $2,087,413 respectively, Tribeca and Soho were far ahead of the rest of the pack. The neighborhood that…
Miami housing prices show signs of stability
With 29,957 residential sales, Miami Dade saw a 9% decrease in 2011 compared to 2010 and a 14% decrease from 2009. Despite the decrease in the transaction volume, the median sale price was 9% higher in 2011 ($145,500) compared to 2010 ($134,000). Single-family homes were sold at a median price of $154,000 while apartment sales…
Top 10 NYC Buildings with Most Units Sold in 2011
If two years ago Manhattan was dominating this list, in 2011, six out of the Top 10 Buildings with Most Units Sold were located in Brooklyn. #1. The Edge As Curbed mentioned a few months ago, sales at The Edge really took off last year. The two towers at 22 North 6th Street and 34…
Sales Pick Up in New York City’s Hospitality Market in 2011
In line with the general commercial real estate market trend, the New York City hospitality sector saw a robust growth in 2011, with over $3.2 billion in sales. Sales were up 148% over 2010, and up by a whopping 524% over 2009. Moreover, 2011 saw the volume of sales reach a 5-year high. The figures…
Home Sales in Queens Take a Dip in 2011, But Prices Keep Up
The number of homes sold in Queens decreased slightly in 2011 with 9,128 properties changing hands, our latest analysis shows. The Y-o-Y decrease is 11%, while compared to 2006 (when the number of transactions reached a 7-year peak), the decrease is 39%. At $305,000, the yearly median sale price has stayed flat for a third…
New York City’s Commercial Real Estate Market Up 32% in 2011
New York City’s commercial real estate market continues its upward trend in 2011, growing by 32% over 2011 and by a whopping 193% over its recessionary low-point in 2009. In real terms, the commercial sector amounted to $24 billion in sales, a fo…
Biggest Real Estate Commercial Sales of 2011 in NYC
As first reported by The Real Deal, 2011 saw a rise in the number of commercial transactions in NYC. A very long distance away from the gloomy days of 2009, the 10 biggest sales of 2011 accounted for $5.76 billion in volume of transactions. Nine of the ten deals that make up the top 10…
Most Expensive Home Sales in the Hamptons in 2011
2011 was anything but a banner year for real estate in America, and although many reports hailed the strength of the luxury real estate market, in many regions facts are hard to come by. The biggest sale of 2011 in the Hamptons didn’t even come close to the biggest in 2010, which raked in a…
Q4 2011 Manhattan Apartment Sales Map
The fourth quarter of 2011 has ended, so our interactive apartment sales map is ready to show which parts of Manhattan had the highest density of sales and where the priciest sales were. To better visualize it, on the map, the number of sales by building is depicted by the size of the circle while the…