PropertyShark Staff
Proposed Ultra-Luxury Conversion in SoHo Scheduled for Auction
As first reported by Forbes, the proposed luxury residential conversion at 476 Broome Street (aka 62 Wooster Street) in SoHo is scheduled for auction on March 17th. It has a lien amount of $32,309,343. According to the developer’s website, the luxury conversion would have had 2 penthouses, a total of 5 residential units, roof-top swimming…
Walnut Hill Group Buys Midtown Hotel for $43.8 Million
Our records show that Walnut Hill Group, the California-based real estate investment group, has acquired the Holiday Inn Express at 15 West 45th Street for $43,865,680. This seems* to be the first property purchased by the Walnut Group in New York. Magna Hospitality Group was the seller in this transaction. Magna Hospitality Group bought the…
Most expensive multifamily buildings sold in 2010 in NYC
We created an interactive map showing the most expensive multifamily buildings sold in Manhattan, Brooklyn and Queens. Click on the map to get more details on the properties. In Manhattan the top three transactions involved the rental buildings sold by Harry Macklowe. The first involves the Rivertower at 420 East 54 Street in East Midtown,…
Hilton Club at 1335 Avenue of the Americas Plagued by Foreclosures
Timeshare foreclosures usually go by almost unnoticed, as their complicated ownership structure can make them less desirable for real estate investors. However, the stunningly high occurrence of scheduled timeshare foreclosure auctions at 1335 Avenue of the Americas caught our attention. Hilton Club is the name under which Hilton Hotels started to sell timeshares on two…
Proposed Luxury Conversion in TriBeCa Scheduled for Auction
A 7-story property located at 37-39 Warren Street (aka 132-138 Church Street) in TriBeCa is scheduled for auction on March 2nd with a lien listed at $28.9 million. The property was bought for $28 million in October 2007 by Millenium New York, a Long Island property developer. According to Real Estate Weekly (via All-Business.com), the…
Mapping New York’s Adopted Rezoning Areas in 2010
The year 2010 saw ten areas in New York City have proposed rezoning approved by the City Planning Commission. Four of these are located in Manhattan, three in Queens, two in the Bronx and one in Brooklyn. PropertyShark has put together a map to provide a quick overview of the areas which experienced a zoning…
New York City residential lis pendens in 2010
We’ve created a new interactive map showing where in NYC were residential pre foreclosures happening in 2010.
Hamptons house sees $12 million price cut this week
The waterfront house at 186 Crescent Avenue in Water Mill has recently suffered a 26% price drop from it’s previous listing price.
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,…
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.