PropertyShark Staff
Istanbul Property: A Safe-Haven Emerging Market Investment
Alpine ski property in the premier Alps resorts of Switzerland and France, chic apartments in Chelsea, Knightsbridge and apartments and townhouses in London’s other pricey places, plush pads in Paris, and high-life homes in Hong Kong are all providing such wealth store services as described above, but so is Istanbul.
Average Home Sizes in Washington D.C., Atlanta Twice As Much as in New York
The average home in New York City (all the five boroughs) is 1,124 square feet, which places the Big Apple at the bottom of the list of 20 cities in the U.S. Home owners in Washington D.C. and Atlanta enjoy almost twice as much space as New Yorkers.
Battle of New York’s Toniest Thoroughfares: Fifth vs Park Avenue
Fifth and Park avenues, the stretches between 59th and 96th streets on the Upper East Side, are two of New York City’s toniest thoroughfares, and have been battling for the crown of the city’s most expensive residential street for almost forever. Most of the time Fifth Avenue claimed the top spot.
New York: Multifamily Sales See Best Quarter in Four Years
Multifamily building sales in New York City totaled $2.5 billion in Q3 2011, the highest value seen in the past 15 years.
October 2011 Is the Fifth Consecutive Month in Which the Number of Foreclosures in New York City Declines
We just released our monthly report that covers newly scheduled foreclosures for October 2011 in New York City. Here are the key takeaways:
The number of new foreclosure auctions was 6% lower in October 2011 compared to September 2011. If we compare O…
Glenwood Management Secures $260 Million Mortgage for UWS Residential Tower
Glenwood Management secured a $260,000,000 mortgage to develop the project, property records filed with the city yesterday show.
Home sales in the Bronx down by a quarter, but the borough sees second largest condo sale ever
Home sales activity in the Bronx saw one of the worst performances in the past 6 years with only 352 closed transactions, down 26% over Q2 2011, and down 19% over the same quarter of last year.
New York City Lis Pendens Reach 2-Year Low In October 2011
Given the fact that the number of scheduled foreclosure auctions has decreased significantly due to the ongoing bank moratorium, we thought it might be a good idea to take a look at the lis pendens trend. Apparently the number of pre-foreclosure filings is also trending downwards, reaching a 2-year low in October 2011. There were 715…
On the Auction Block: Award-Winning Luxury Development in Atlantic City, NJ
But now, the luxury development, with an address at 600 Carson Avenue, is scheduled for auction on December 1st, having a lien amount in excess of $20,000,000.
Hamptons Distressed Properties Map
Recently the Business Insider wrote an article featuring the 10 priciest distressed properties for sale in the Hamptons with the house at 33 Mill Creek Close, in Watermill topping the list. With a lis pendens filed in September 2011, this property is currently on the market for $9.45M. According to the listing description, it has an indoor…
Million Dollar Price Cuts In The Hamptons
A dive into Suffolk County’s price-chopper hall of fame revealed the following 3 properties as having the largest total dollar price drops in October 2011. For their address, price history and all the other listings details click on the links below: 24 Elm Lane, East Hampton, NY 11954 (▼ $2,095,000) The 3 compound parcels at 24…
NYC Stalled Construction Sites
Based on a list provided by the Department of Buildings, we’ve created a new map, showing stalled construction sites in New York City. You can click on the dots to see photos and information for each of the mapped properties. Â According to Curbed, the number of stalled sites is dropping from its November 2010 peak,…
$11.6 Million Home Sale Biggest in Two Years in Westchester County, but High-End Home Sales Sluggish
A massive waterfront estate on Milton Point, Rye sold for $11,600,000 in September 2011, the largest sale in the past two years in Westchester County, New York.
Bidding War for Brooklyn’s 836 Prospect Place?
Well, we’re just speculating, but Brownstoner reports that 836 Prospect Place was auctioned two days ago for $810,000. That’s a whole lot more than the minimum bid of $500,000 at which the auction was supposed to start.
Cheapest Homes For Sale in New York City
A Wall Street Journal analysis of the cheapest homes in the five boroughs compiled by PropertyShark.com reveals a diverse mix of properties offered at prices lower than some pay for their monthly rent in the City.
Two of the Biggest Nassau County Foreclosures Present no Interest to Investors
The former Freeport Marina in Nassau County, now a condominium complex, which was scheduled for a foreclosure auction on October 11th, ended up as an REO. The property located on 531 Ray Street, Freeport had a lien amount of $8,630,554. According to this 2008 article, the 1.39-acre property was previously a marina called the Baldwin…
Q3 2011 Manhattan Apartment Sales Map
The third quarter of the year has now ended so it’s time to see what happened on the Manhattan residential market over the past three months. We’ve created an interactive map, as usual, displaying closed apartment sales in Q3 2011. On the map, the size of the circle indicates the number of sales in the…
Top 10 Properties with the Highest Real Estate Tax in NYC
What properties contribute the most to New York City’s tax revenue stream?
NY State Is Selling at Auction a Landmark Brooklyn Townhouse
New York State Office of General Services will sell at public auction 836 Prospect Place, a landmark Crown Heights single-family home.
Water Mill estate enters price chop round four – now $5M cheaper
The Water Mill estate of former Doubleday publishing chief John T Sargent had its price reduced again earlier this month, this time by $5M. Originally listed at $40M in 2010, the property suffered a previous $12M price chop in February 2011 and is currently on the market for $19.995 million. According to Corcoran, this stunning property at…