SL Green to Sell Manhattan Office Condo for $633M
SL Green, New York City’s largest office landlord, and its joint venture partner Ivanhoe Cambridge, have entered into a contract to sell their leasehold interest in the office condominium at 1745 Broadway. The new owner of the Midtown Manhattan office space will be an institutional client of Invesco Real Estate, which will snatch the office…
Expert Interview with a Dynamic Real Estate Duo: Augusto Bittencourt and Jared Barnett
For the latest interview in our series, we had the pleasure of talking to a very interesting and dynamic real estate duo: Augusto Bittencourt and Jared Barnett from Town Residential. Both had previously worked in different industries and found common ground in the competitive Manhattan real estate market. They shared with us how they spend…
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…
Silverstein Properties Set to Snatch ABC’s Upper West Side HQ for $1B
Silverstein Properties is set to add the American Broadcasting Co.’s (ABC) New York City campus to its portfolio. The full-service real estate firm is in contract to acquire the media network’s Upper West Side office headquarters from its parent company, The Walt Disney Co. According to the Commercial Observer, Silverstein is going to pay more than…
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…
IEX Tower-Hops Again within WTC Complex
IEX is relocating once again within the World Trade Center (WTC) complex in New York City’s bustling Financial District. The upstart stock exchange platform will leave its headquarters at 4WTC to move inside 3WTC, currently under construction. The company has recently signed a 15-year lease for the entire 58th floor of the 80-story mixed-use high-rise…
IBM Triples Office Presence in New York City’s Union Square
IBM is set to triple its Union Square presence by expanding its footprint at 19 Union Square West, in the Flatiron District neighborhood of New York. The tech giant has recently signed a 27,699-square-foot lease for three floors of the building—floors 9 through 11. According to The New York Post, the asking rent was $80…
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,…
Discover the Most Exclusive Penthouse in Midtown West
Perched atop the luxurious Manhattan View at MiMa tower, Penthouse 3C is one of the most desirable properties available in Midtown West. The 4-bed residence offers sweeping views of the Empire State Building, One World Trade Center, Hudson River, Hudson Bay and far beyond, making this luxurious unit the perfect residence for business travelers looking…
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….
Take a Glance at What Living in a Condo above Madison Square Park Looks Like
Packed with history and culture, the Flatiron District ranks as the 4th most expensive neighborhood in New York City, with a median sale price of $2.3 million. A sole corner apartment with breathtaking views of Manhattan is currently up for grabs in the area, at the elusive One Madison tower. Bringing intimacy to urban living, the…
Go Inside the TriBeCa Penthouse Redefining Indoor-Outdoor Living in Manhattan
Once the haunt of artists, TriBeCa now reigns as the most expensive neighborhood in New York City, home to A-list athletes, music moguls and some of Hollywood’s hottest celebrities. With a median sale price of $4.68 million, TriBeCa has no shortage of upscale homes fit for the most discerning of buyers. This 3-bed penthouse apartment…
Top 10 Best-Selling Buildings in NYC 2017 – Queens Takes the Lead with Flushing Condos
2017 was a great year for the developers of the hottest residential projects in New York City. 7 of the 10 hottest selling projects posted triple-digit sales figures, with the city’s #1 best-selling building closing 463 sales last year. By comparison 2016’s hottest-selling property closed 145 deals. Overall Queens and Brooklyn claimed the top three…
2018 Market Predictions Survey: East NY Stays Hottest Neighborhood
What better way to start off 2018 than with a fresh set of real estate market predictions? Read on for insights on NYC’s real estate market, coming directly from the real estate pros that took our survey. Key highlights East NY and Bushwick unbeatable as NYC’s hottest neighborhoods; the Bronx enters the ranking with Mott…
Top Most Expensive US Zip Codes in 2017
Ranking the priciest zip codes in the US based on closed home sales It’s December which means it’s time for our annual report on the 100 most expensive zip codes in the United States. We consider our report to be the most accurate benchmark of the country’s most exclusive areas as we are the only…
TriBeCa and SoHo Remain Most Expensive Neighborhoods in New York City
Key Takeaways: TriBeCa reigns as the #1 most expensive neighborhood in NYC with $4.68M median sale price Boerum Hill pushes into top 10 with 54% price growth Brooklyn’s Fort Greene registers highest median price growth at 95% DUMBO remains Brooklyn’s priciest neighborhood at #6 in our top 50 The Upper East Side was the most…
East Coast vs West Coast: Which Sells More Million-Dollar Homes?
Besides the East Coast vs West Coast hip-hop rivalry of the 90s, the two coasts have long been subject to comparisons and cultural differences. When it comes to housing, they do have unaffordability and sky-high prices in common, as most of the nation’s priciest markets are located along the coasts. In many places around the…
Manhattan Office Sales Drop below $1B in Q3
Key Takeaways: Q3 closes with sales below $1 billion for the first time in 5 years Average prices rest below $1,000 per square foot 375 Hudson Street trades for $465M in largest deal of the quarter Roughly 3MSF of office space scheduled for delivery during Q4 Office Sales Volume Drops 67% Y-o-Y According to the…
Vancouver Real Estate More Unaffordable Than Manhattan, Study Finds
According to an analysis recently released by our sister website Point2 Homes, Vancouver is the most unaffordable market in North America, even more so than Manhattan. The study measured affordability in the 50 most populous cities in Canada, the United States and Mexico by dividing the median home sale price by the yearly median household…
Brooklyn Residents, Developers Brace for L-Train Shutdown
The news of the L-train shutdown caused strong reactions among Brooklyn residents, but not only them. Brokers, developers, landlords and business owners alike are worried about what the shutdown will mean for their businesses. So far, it looks like everyone needs to stay on top of the situation if they want to get through those…
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