Roxana Baiceanu
Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.
Home Sales in the Bronx Down to a 5-Year Low
Real estate in the Bronx might not be on every home buyer’s tour these days as closed sales in 2012 hit a 5-year low. 2,339 homes in this borough found a new owner last year, a 4% drop compared to both 2011 and 2009 and a larger drop compared to 2008 and 2010. The median…
Gentrified Brooklyn Neighborhoods See Home Prices per Square Foot Shooting Up
Several parts of Brooklyn have experienced significant urban redevelopment and demographic change over the past decade. These shifts — often referred to as gentrification — have brought new investment, rising property values, and changes in the housing and cultural landscape. Increasingly, homebuyers from across New York City have turned to Brooklyn for residential opportunities that…
Public Records Are NOT Error Free! But There’s a Way Around
Everyone in real estate knows that public records are not error free. Some more than others claim this happens too often. We won’t go into that debate. What’s undeniable, however, is the growing need for ways to validate data found in public records and to quickly determine whether the information provided is true or false….
The Most Expensive Streets in the Hamptons
When billionaire Marc Rowan sold his 322 Meadow Lane home in the Hamptons at the beginning of this year for $28.5 million, he left the most expensive street in this part of the East End. Southampton’ Meadow Lane is quite famous for attracting high-profile residents, mostly Wall Street financiers but celebrities as well, all looking…
Temporary Foreclosure Relief for NYC borrowers of FHA-insured mortgages
Federal assistance is on the way for distressed NYC homeowners having an FHA-insured mortgage on their homes. The U.S. Department of Housing and Urban Development has granted a 90-day foreclosure moratorium to NYC borrowers of FHA-insured loans as a result of the damage caused by Hurricane Sandy. This means that foreclosure activity involving thousands of…
NYC Flood Zone Map and Hurricane Evacuation Zones
With hurricane Sandy looming over New York ‘s coastal lines, you are probably wondering how safe you and your property are from being hit. PropertyShark would like to help you determine if you live in a high flood-risk area by making available to everyone the NYC FEMA Flood Zone map and Hurricane Evacuation Zones map….
The Most Expensive Zip Codes in NYC (Hint: It’s not 10065!)
It’s hard to picture almost any US top-10 list without New York City somewhere in there. The most expensive US zip codes list compiled annually by Forbes Magazine makes no exception. In fact, Upper East Side’s 10065 heads their list this year, securing the coveted #1 for the first time. But is 10065 indeed the…
NYC Commercial Sales Reached Four-Year Peak
In Q3 2012 the segment with the most encouraging activity continued to be the office spaces, bringing $3.66 billion in sales, up 22% quarter-over-quarter.
Newcomer in the Top-10 Most Expensive NYC Neighborhoods: Manhattan Beach, Brooklyn
As home sales and median sale prices across NYC have continued to inch up in Q3 2012, Brooklyn is pulling some aces from its sleeve–Manhattan Beach has secured the #4 place in the list of the most expensive NYC neighborhoods PropertyShark completed for this quarter. Median sale prices in Manhattan Beach have spiked at 143%…
Apartment Building and Townhouse Developments Kicking into High Gear?
Our friends from Rent Cafe, one cool online apartment renting place, are letting us know that work on 260,000 apartment buildings and townhouse developments might be set to start this year. They’ve created a nifty infographic which illustrates how the new generation of Echo Boomers (the children of Baby Boomers) might be about to rattle…
NYC Foreclosure Auction Postponed 23 Times
Settling a foreclosure case in the NYC courts can take a surprisingly long time, sometimes even more than 6 years. A PropertyShark in-house analysis based on our foreclosure data indicates that certain NYC homes in distress have had their auction postponed more than 20 times. A postponed foreclosure auction can give homeowners more time to…
Most Expensive Homes in Chicago
The luxury home market seems to have been exploding not only in New York City but in Chicago as well. As listings priced as high as $32 million have been redefining the high end of the Chicago home market, at PropertyShark we compiled a list of the priciest home sales of each year since 2006…
Second-home market in the Hamptons – Infographic
It’s no surprise that 42% of all Hamptons vacation homes are owned by New Yorkers, and more precisely, 35% are owned by Manhattan residents.
Most Expensive Homes in Staten Island (2005-2012)
Staten Island’s luxury home market has some nice figures to show for the 2005-2012 period. Two transactions coming close to $4 million signal that the area, and more specifically the upscale neighborhood Todt Hill, has real estate appeal for the wealthy. In the boom year of 2007, the 7,582 sqft home on 29 High Point…
Queens’ most expensive homes (2005-2012)
News about estates selling at record-breaking prices in New York is almost exclusively linked to Manhattan, and occasionally to Brooklyn. But a blockbuster $5.1 million sale in the upscale neighborhood of Neponsit has recently put Queens on the luxury real estate map of New York. It was hailed as the most expensive home ever sold…
Westbury’s Mall at The Source Is Scheduled for Auction
The Mall at The Source in Westbury, NY is scheduled for auction at the end of this month with a lien amount of almost $142 million, PropertyShark data indicates. The mall defaulted on its $124 million mortgage in 2009 when several of its major tenants — Fortunoff, Circuit City, and Steve and Barry’s — closed…
Top Home Lenders in NYC
Who finances your home mortgage loan? If it’s Wells Fargo Bank, learn that you’re with the biggest home lender in NYC, PropertyShark data provided exclusively for Crain’s New York indicates*.
Chart of the Week: Priciest NYC Office Buildings in Q2 2012
There was a 7% increase in office building sales in NYC in Q2 2012 over the previous quarter, PropertyShark’s commercial real estate quarterly report shows. This accounted for $2.83 billion in volume, which was slightly more than what Q1 2012 realized ($2.52 billion). A higher number of transactions compensated for the fact that prices paid…
The Kardashians and the Trumps Top PropertyShark’s Searches by Property Owner
Celebrities and the real estate sector usually make quite a hot pair. How hot? It depends if you are on the East Coast or West Coast, and if you prefer Hollywood to the business world. At PropertyShark we were quite curious to see what names most people were running owner searches for, and the results…
Top 10 NYC Home Sales in Q2 2012
What do you think you might find at the high end of NYC’s residential market in Q2 2012? The answer might not be surprising– it’s mostly luxury co-ops in Manhattan, making up half of the top-10 priciest NYC homes sold in spring. What might surprise you instead is to find out that this quarter recorded…