Hudson Yards and Little Italy Take Top Spots as SoHo Falls
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…
Check Out Some of the Best Coworking Spaces in Manhattan
Coworking is taking over NYC with an annual growth rate of 20% and a new space opening up every 7.5 days. New York is also the second most expensive city for a coworking membership, with an average monthly rate of $753. In Manhattan, coworking is a popular option for workers looking for a spot to…
PropertyShark Interview with Luciane Serifovic & Vince Soriero
PropertyShark’s Business Development Manager Vince Soriero recently had the opportunity to sit down with Luciane Serifovic, luxury real estate powerbroker, CEO and founder of Luxian International Realty. They discussed how brokers and agents can save time and make their job easier by using PropertyShark’s comprehensive data. In their talk, Vince detailed PropertyShark’s tools and exciting…
NYC Foreclosures Drop 4% Y-o-Y, Pre-Foreclosures See a 13% Uptick – Q2 2019 Report
Key takeaways: NYC foreclosures decrease 4% year-over-year The Bronx sees the steepest drop in foreclosure activity, a 24% drop Y-o-Y Foreclosures only increased in Brooklyn (7%) and Staten Island (9%) In Queens, foreclosure cases dipped 9% year-over-year Lis pendens increased 13% Y-o-Y, and 31% Q-o-Q First-time foreclosures in New York City decreased 4% year-over-year, with a…
Rent Stabilization Laws Expiring This June – What to Expect
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. With summer approaching, thoughts of beach…
Billionaires’ Row: Evolution of Sale Prices and Absorption Report
Key Takeaways One57 and 432 Park Avenue have occupancy rates of 79% and 82% respectively. The addition of 220 Central Park South has taken the median sale prices in Billionaires’ Row to almost $20 million this year. New York City’s Billionaires’ Row was dubbed five years ago, but its exact geographic boundaries remain unclear. In reality,…
What Every Consumer Should Know: Recent Legislative and Tax Changes Under New York State’s Real Estate Law
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. Due to 2019 changes in the…
1.6 Billion Square-Feet of Unused Air Rights in NYC
The rental market in NYC is primed for change and not everyone agrees on which direction to go. With landlord/tenant regulations set to change in June, the rental landscape in NYC could look very different in 10 years. Additionally, air rights, also called development rights, are also on the legislative docket. NYC currently has over 1.6…
Theatre District Median Home Prices Go Up 63% in Q1 2019, Queens’ Ditmars Surges 115%
Key takeaways: TriBeCa, SoHo remain #1 and #2 most expensive NYC neighborhoods in Q1 2019 Garment District prices increase 49%, landing the neighborhood in the 3d spot Theatre District median reaches $1.7 million with 54 transactions The East & West Village prices declined 35% and 56%, respectively Queens’ Ditmars – Steinway median prices go up…
Brooklyn Foreclosures Drop 22% in Q1 2019, Bronx Foreclosures Up 28%
Key takeaways: NYC first-time foreclosure cases decreased 5% in Q1 2019 In Q1 2019, Queens had the highest number of unique cases: 315 foreclosures The Bronx had the largest increase in foreclosure activity, with a 28% surge With a 22% drop, Brooklyn foreclosures decreased the most among the five boroughs NYC lis pendens decreased 13%…
Savanna Nabs SL Green’s 521 Fifth Avenue for $381M
Last week, SL Green announced it has agreed to sell 521 Fifth Avenue to Savanna for $381 million. New York City’s largest office landlord owns a 50.5 percent in the 460,000-square-foot Midtown Manhattan office building. The deal is expected to close in the second quarter this year. Conveniently located in the proximity of Bryant Park…
The Carlyle Group Expands Lease at One Vanderbilt
SL Green has recently announced that The Carlyle Group expanded its 15-year lease at One Vanderbilt, planning to take over an additional 32,592 square feet of Midtown Manhattan office space here. The deal brings The Carlyle Group’s total square footage at the building, currently under construction, to 127,744. The new 1,401-foot office tower branded One…
Most Expensive Street in the Hamptons Posted a $15M Median Home Sale Price in 2018
Even though the number of home sales in the Hamptons has slowed, there was no shortage of houses trading for over-the-top prices in 2018. As the median home sale price in the Hamptons dropped below $1 million last year, two streets actually saw median sale prices pass the $10 million mark. Truth be told, buying…
Median Home Prices Along the Bronx’s Grand Concourse Increased 68% in the Last 5 Years
Once dubbed the “Park Avenue of the Middle Class”, the Bronx’s Grand Concourse has become something of a phenomenon ever since the thoroughfare opened in 1909. Fast-forward 110 years, and the desire to live here has become greater than ever. The elevated housing demand in the neighborhoods around the boulevard pushed the median home sale…
Lyft to Join Peloton at New Hudson Commons Redevelopment
Ridesharing giant Lyft has inked a 100,638-square-foot lease at Hudson Commons, a creatively-repositioned Manhattan office tower located at 441 Ninth Avenue. The company will join Peloton, which signed a 312,200-square-foot lease here in November. The building, which is now 63 percent pre-leased, is expected to be delivered this summer. In December 2016, Cove Property Group…
Hewlett Packard Enterprise to Relocate NYC Offices
Hewlett Packard Enterprise has recently signed a 10-year lease for 17,945 square feet of Midtown Manhattan office space at SL Green Realty’s 461 Fifth Avenue. The company plans to relocate its current New York City offices from 556 West 22nd Street here. Hewlett Packard will take over the entire eighth and tenth floors in the…
How to Find Pre-Foreclosures in NYC & Nationwide
Learn how to find pre-foreclosures efficiently and discover new opportunities.
A Primer in Internal Revenue Code 1031 and the Art of the Deal for Real Estate Investors
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. In the metro New York area’s…
How to Find Foreclosures in NYC & Nationwide
Learn how to find foreclosures, REOs and auction results efficiently to discover new opportunities.
How to Conduct Due Diligence on NYC Foreclosures
Buying a foreclosure is by nature a risky business, and it’s easy for any buyer to end up over-paying for a property that is nothing like what they expected. The lack of information regarding the state of the property at the time of the auction can turn what seemed like a bargain into a money…
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