Robert Demeter
Robert is a copywriter at CommercialCafe and brings 3+ years of experience in commercial real estate. He previously worked as a copywriter at PropertyShark, as a senior associate editor at Commercial Property Executive and Multi-Housing News, and also wrote monthly market reports at Yardi Matrix.
What Does Amazon’s LIC Base Mean for NYC Real Estate?
The internet has been in a frenzy ever since Amazon let the cat out of the bag and officially announced its two new headquarters. The retail giant’s bold move split people into two camps, with arguments on both sides about whether Amazon’s descent on Long Island City and Arlington is actually good for the communities….
Top 10 NYC Landlords Who Improved the Highest Percentage of Their Portfolio
Being a good landlord is not always easy, as it requires having to juggle several responsibilities at once. Landlords must constantly strive to keep their properties at 100% occupancy, build solid relationships with tenants and maintain their assets in decent condition. One might argue that one of these responsibilities is more important than the other,…
TriBeCa Reigns as #1 Most Expensive NYC Neighborhood in Q3 2018, Despite 16% Y-o-Y Price Drop
Key takeaways: With a median exceeding $3.4M, TriBeCa reigns as the most expensive NYC neighborhood Garment District Skyrockets to #2 With 61% Y-o-Y Increase With a median of almost $3.1 million, SoHo lands the third spot in Q3 2018 Flatiron District prices see steepest drop year-over-year: 66% decrease With a median of $1.65 million, Brooklyn’s…
NYC Foreclosures Continue to Decline in Q3
Key takeaways: With only 716 unique cases, NYC foreclosures decreased 17% Y-o-Y; Queens had the most properties headed to the auction block in Q3: 303; First time foreclosures in Brooklyn stagnated Y-o-Y, the borough seeing only a -1% change; Year-over-year, the Bronx saw a 43% drop in foreclosure activity; With only 22 homes headed to…
What Premium Are New Yorkers Paying to Live near Central Park?
Editor’s Note: For more recent data on the premiums paid for living near NYC parks, including Central Park, see: The Park Premium: Do You Pay Extra to Buy Next to Manhattan’s Largest Parks? Not only does Manhattan have some of the most expensive real estate across the entire nation, but in certain exclusive spots you…
How Much Money Can You Save by Downsizing in California?
There comes a time when you realize that your spacious dream home takes up too much space and its upkeep is becoming both unsustainable and unnecessary. Downsizing can be an appealing option when certain rooms have transitioned into little more than costly storage spaces that need heating, cooling and cleaning. As you start getting near…
Let’s Celebrate PropertyShark’s 15th Anniversary Together!
Join us in celebrating 15 years of PropertyShark on the 4th of October 2018 at The Copacabana in New York City. We’ve come a long way together and this milestone wouldn’t have been possible without your support. We are looking forward to hosting you on this special evening. The event provides an opportunity to network…
How to Evaluate the Price of a Multifamily Property
An accurate evaluation of a multifamily property is fundamental for the profitability and long-term success of an investment. Multifamily investments can be financially rewarding if done right but can also backfire if a lack of understanding leads to mistakes. However, many of the common mistakes are avoidable with the right knowledge. So, what’s the first…
Top 10 Best-Selling Residential Buildings in NYC – H1 2018
Condo sales were lukewarm in the first half of 2018, as only 537 residential units traded in the top 10 best-selling buildings in New York City. By comparison, that’s 130 units short of the number sold in just one building last year. Only four buildings posted triple-digit median sale figures in Manhattan and one in…
Where Can You Buy a Home Under $500/SF in NYC?
There was a time when you could have bought a home anywhere in Brooklyn or Queens for $500 per square foot, and possibly in some parts of Manhattan too. Nowadays, only the Bronx and Staten Island offer homes in this price range in every neighborhood, with the rest of the boroughs having homes listed at…
How Much Money Are You Left with Each Month After Paying All Expenses?
Key Takeaways: As an owner, you can save more than $4.5k/month in Manhattan and $3.5k in San Jose; Having the second-highest median income in the country, homeowners can save $2.6k in SF; With low living and housing costs, residents in Raleigh and Austin can save over $2k per month; Miami leaves a hole of more…
How Many People Became Millionaires by Selling Their Homes Since the Turn of the Century?
Ever wondered what it takes to become a millionaire? Besides the obvious lottery jackpot, there are a few opportunities and smart investment strategies you can choose from in the hopes of joining that particular club, and if you follow a strict set of rules, you’re destined for success. Alternatively, you can just buy a house…
How Much Did Home Prices Increase in LA County since the Downturn?
Was buying a home 10 years ago in the City of Angels a good investment? We recently asked the same question about New York City and did a study on that, but this time around, we decided to shift our attention to the West Coast, specifically to L.A. County. Although very different markets, NYC and…
For $200K, Would You Rather Buy a Box in Manhattan or a Mansion in San Antonio?
Many say that location is the number one factor when deciding on buying a house, when in reality, it’s actually our finances. Realizing that with $200,000 you can only buy 126 square feet of living space in Manhattan, while in Cleveland you can get over 3,700 square feet, can seriously put things into perspective. The…
Was Buying an NYC Home a Good Investment During the Past Decade?
Buying a home is on almost everyone’s bucket list, but as soon as you find the perfect place, the all-too-familiar question pops up: is this investment worth it? Ever since the 2008 market crash, homebuyers think twice before spending their hard-earned money and savings on a down payment. Banks have also become more cautious and…
TriBeCa Remains NYC’s Most Expensive Neighborhood, Despite Prices Dropping 30%
Key Takeaways: Even with a 30% y-o-y decrease, TriBeCa pulls through as NYC’s priciest neighborhood A $3.2 million median sale price lands SoHo its usual second spot Brooklyn’s Fort Greene sees the sharpest median sale price increase: 131% y-o-y DUMBO remains the only Brooklyn neighborhood in the top 10 With a $2.3 million median sale…
Buying or Selling a Home Using Bitcoin: Is It Worth It?
Unless you’ve been living under a rock for the past year, chances are you might have heard of Bitcoin or came across the term ‘cryptocurrency’ at some point. Unregulated by banks, these encrypted digital currencies managed to penetrate almost every market in 2017, including real estate. Despite transactions being considered safe, the crypto market in…
This LIC Waterfront Penthouse Embodies High-Class Living in Queens
Queens’ Long Island City has come a long way from its industrial days. Now, the neighborhood’s skyline is packed with high-rises and cranes, and the ongoing residential growth is nowhere near its end. Development stretches far beyond just the banks of East River; however, the waterfront is still the cream of the crop in LIC,…
10+ Charming Communities that Could be Yours for the Price of NYC’s Most Expensive Condo
Year after year, New York City makes real estate headlines, as homes in the Big Apple keep changing hands for exorbitant prices. From luxury condos to extravagant townhouses, the city has it—and sells it—all. Last year, a handful of residences fetched more than one would bargain for, and one particular penthouse managed to steal the…
REDinNYC and PropertyShark Kick Off Spring 2018 With 1,000+ Attendee Networking Mixer
We recently partnered with REDinNYC and managed to pull off a record-breaking event on the 1st of March in New York City, with an attendance of more than 1,000 real estate professionals. The goal of the event was to bring together people in the industry and establish connections, as well as support and promote businesses….
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