Multifamily Sales Volume Declines City-Wide, But Gains 26% Y-o-Y in Brooklyn
Key Takeaways: City-wide multifamily sales volume down 60% Y-o-Y. Brooklyn sales volume climbs 26% Y-o-Y. NYC price per unit gains 26% over year-ago figures. Top multifamily sale in Manhattan fetches $53 million. YTD unit volume drops 65% in Queens. Sales activity down 60% in the Bronx. As New York City’s commercial real estate market adjusts…
Hudson Valley Residential Price Evolution 2014-2018: Prices Contract in 39% of Hudson Valley Markets
Key Takeaways: Stanford leads Hudson Valley price evolution with 36% median growth. Deerpark undergoes biggest price contraction at 27%. Sales activity more than doubles in Union Vale and Dover Town. At $1.85 million, Rye has the highest median sale price in the Hudson Valley. Located on the doorstep of one of the most dynamic real…
Purchasing Real Estate Under an LLC: No Longer an Option?
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. The New York City real estate…
NYC Multifamily Market Continues Slowdown in September, Y-O-Y Sales Volume Declines 76%
Key Takeaways: September slowest sales month for NYC multifamily, down 51% Y-O-Y Queens doubles September sales volume Bronx prices hit lowest figure in 18 months YTD unit volume down 74% in Brooklyn Y-O-Y sales volume falls 81% in Manhattan City-wide sales volume drops 76% Y-O-Y New York City’s new Housing Stability and Tenant Protection Act…
5 Best Coworking Spaces in TriBeCa
At a time when coworking spaces are at their peak, it can be challenging to pick the right shared office that is in line with your personal needs and professional aspirations. And, because the global growth of coworking is even more prevalent in larger cities, it can be quite overwhelming to search through the myriad…
Due Diligence for NYC Buyers: 6 Items to Review Before a Purchase
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. It can take buyers a long…
10 Best Coworking Spaces in Queens
New York has been seized by the popularity of coworking hubs, with a new office opening its doors every 7 days. With such a massive supply of shared office spaces, it’s easy to become overwhelmed by the abundance of options. So far, Manhattan has attracted the most coworking offices—leading the pack of the five boroughs…
At Almost $5 Million, Hudson Yards Overtakes TriBeCa as the Priciest Neighborhood in NYC
Key takeaways: Hudson Yards take top spot by large margin TriBeCa falls from top spot for the first time in seven quarters Lower East Side jumps to 8th position on high sale volume Manhattan’s median sale price falls to lowest level since 2016 The top 50 Hudson Yards also dethroned Tribeca as the priciest neighborhood, more…
Manhattan Foreclosures Increase 118% Y-o-Y – Q3 2019 Report
Key takeaways: Manhattan cases up a staggering 118% year-over-year Staten Island unique cases skyrocket 183% The Bronx sees the steepest drop in foreclosure activity, a 51% drop Y-o-Y In Queens, foreclosure cases dipped 10% Lis pendens increased 4% Y-o-Y, and dropped 22% Q-o-Q Despite major foreclosure activity increases in two boroughs, first-time foreclosures in New…
Do You Pay a Premium to Live Near a Subway Station?
It seems intuitive that the more amenities something offers, the higher the price tag. A new base-model car can be expensive, but a fully loaded performance model is more expensive. Real estate is no exception. Choosing to live close to parks, stores, public transportation, and entertainment should theoretically draw a premium, right? We wanted to…
Understanding New York’s Foreclosure Process
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. The foreclosure process can be daunting…
Long Island Residential Sale Price Evolution 2014-2018: Orient Doubles Up in Just 5 Years, Fishers Island Median Halved
Key Takeaways: A quarter of Nassau and Suffolk county communities saw prices appreciate 20% or more. Sagaponack remains the most expensive Long Island community at $5.1 million Orient doubled its median, while Fishers Island saw its median halved. Sales activity dynamics were significantly different in markets with medians above $1M million. After analyzing the home…
Manhattan Office Report Q2 2019: Sales Drop 26% Y-o-Y, Trophy Office Rents Ask $94/Sq. Ft
Key Takeaways: Q2 office sales stop short of $2 billion; prices rest at $556 per square foot on average Class A+ asking rents increase 4% quarter-over-quarter; now average $94 per square foot NYC remains coworking capital of the U.S., with more than 16 million square feet of non-traditional office space Google makes largest Q2 office…
The Broker’s Guide to Social Media: Beware of Antitrust Violations
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. When the average American homebuyer or…
Gramercy Park Median Home Prices Go Up 87% in Q2 2019, Brooklyn’s Cobble Hill Surges 171%
Key takeaways: Hudson Yards enters the list as the 2nd most expensive NYC neighborhood in Q2 2019 Little Italy prices increase 153%, landing the neighborhood in the 3rd spot Cobble Hill jumps 171% to secure the 7th position DUMBO continues its slide, down another 40% Y-o-Y The top 50 most expensive neighborhoods in New York City had…
Is Anyone Really Benefiting from the 2019 Rent Regulation Laws?
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. According to the New York City…
Top 15 Best-Selling NYC Residential Buildings in H1 2019 – Manhattan Leads the Way
A number of high end-deals closed in the first half of 2019. The top 15 best-selling condo developments sold a total of 703 residences in the New York City area, Manhattan continuing to be the driving force, topping the ranking. Of the top 15 developments, 11 were closed in the borough; Brooklyn and Queens are…
SoHo Loft with City Views Heads to Auction for Less Than Half Its Market Value
1,213-square-foot condo loft in elevator building goes to auction August 28, with a lien of less than $950,000. The auction is scheduled for 2:00 PM at 60 Centre Street, New York City. Unit 8A at 90 Prince Street was purchased by the defendant in 1999 along with Unit 7A. The latter was  separately sold in…
The Most Expensive Zip Codes in Upstate New York in 2018
Key takeaways 10516 and 10524 in Putnam County are Upstate New York’s most expensive zip codes Saratoga County had the highest number of sales – 679 in Clifton Park (12065) and 553 in Saratoga Springs (12866) Dutchess and Orange are the counties with the highest number of expensive zip codes, featuring 10 each. It’s not news that New York…
Check Out 10 of the Best Coworking Spaces in Brooklyn – 2019 Update
Whether you’re a freelancer, an artist, a lawyer, or an entrepreneur ready to start your own business, coworking hubs provide easy access to professional networks, easy-to-lease office spaces, or just a great community to share your morning coffee with. Luckily, Brooklyn, NY has plenty of such work spaces – it’s all a matter of preference. To…
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