Top 20 NYC Residential Lenders 2016
Wells Fargo issued the highest number of mortgages this year – 2,081 JP Morgan Chase issued luxury home mortgages for the sum of $414 million The lowest median down payment – 13% – was operated by Homebridge Financial Services In a place like New York, where home prices are sky-high and demand is never lacking, financial institutions get a…
Survey: 56% of NYC Real Estate Pros Say Value in Trump-Branded Buildings Will Not Increase
Will the value of units in Trump-branded buildings rise post-election? The results of a PropertyShark survey indicate that 56% of NYC real estate pros say “No”. President-elect Donald Trump started off as a real estate developer and became even more famous for licensing his name to residential buildings, hotels, casinos and golf courses. Unsurprisingly, the Trump brand…
NYC Multifamily Investments Slow Down in Q3, Manhattan and Brooklyn See Losses
The market for NYC multifamily properties took a hit last quarter, as investor trust seems to be dwindling. According to a recent report by Ariel Property Advisors, the number of buildings purchased between July and September was down 22% Y-o-Y, and 10% since the previous quarter! 284 buildings were sold in 178 transactions, for a…
How Many Billionaires Does It Take to Buy Manhattan?
We enjoy poring over the latest issue of Forbes’ World Billionaires List as much as the next person, watching the billions stack up every year, but have you ever realistically considered what that kind of money could actually mean? We just did. And being in the business we’re in, we decided to count the dollars…
Top 10 NYC Best-Selling Buildings Q3 2016
A sculptural tower in TriBeCa takes over the number one spot as NYC’s best-selling building last quarter. Although in our Q1 and mid-year Top 10 lists Carnegie Park in UES reigned supreme, with by far the highest number of recorded sales, in Q3 the newish development at 56 Leonard Street became the best-selling building in…
Real Estate Is at the Heart of the Second Harlem Renaissance
A second Harlem Renaissance is underway, this time driven by an influx of money and a middle class population eager to escape the hectic life and ridiculous housing prices in the rest of Manhattan. So we decided to take a look at what the neighborhood has to offer in terms of homes and single out…
Top 20 NYC New Projects Proposed So Far in 2016
The city is ablaze with new developments in what’s been called by Forbes the best time to be a real estate developer since 2007. The level of investment opportunity in Queens has attracted the spotlight, and in the first 7 months of 2016, the total square footage of proposed development space counted over 3.5M square feet, almost…
The Fabulous Upper West Side Real Estate Story
To take away: the most expensive home ever sold here was a penthouse fit for a king: price paid – $88M! the largest home is a century-old 11,500-square-foot mansion next to Riverside Park the UWS is one of the neighborhoods with the most permanent residences, percentage-wise: only 55% of all housing units are rentals , a…
Long Island City Real Estate: Old Is Cool, New Is Better
To cut things short, if there’s one thing to take away about real estate in Long Island City, it’s actually four: great-looking glass towers are popping up everywhere, favoring comparison between the Hunters Point waterfront and that of Western Brooklyn; however, the priciest home ever sold here, for $3.4M, is significantly cheaper than its equivalent in Williamsburg,…
Top 10 Best-Selling Buildings in Brooklyn Mid-Year 2016
So maybe Manhattan does dominate every single top ten best-selling list covering the 5 boroughs, but exciting new developments and older, yet successful residential projects are everywhere in New York. In particular, Brooklyn, the second real estate market of the city, has a lot to show for itself, in terms of both realty investment and the steady climb…
Top 10 Best-Selling NYC Buildings Mid-Year 2016
At the peak of the real estate season, it’s a good time to take a look back at the first half of 2016 and see which NYC new developments and older constructions across the five boroughs have fared the best. In a market that continues to show healthy yearly growth rates and to favor sellers, according to the…
5 Tips for Marketing Your Commercial Listings
It’s a tough market out there for commercial property professionals: NYC rents for commercial properties have flattened out during the first half of 2016, after a long period of sustained growth. In spite of a 10% availability rate in Manhattan office space, according to Colliers, prices remain high enough that a mainstream of businesses are…
A Close-up of NYC’s West Village Home Market
Long known for its historical homes and artistic spirit, the West Village is now the epitome of gentrification: trendy weekend crowds and excited tourists pack the streets where Kerouac once drunkenly roamed. Meanwhile, the area’s established residents who are willing to sell or rent capitalize on the desire of well-to-do New Yorkers to live in…
Infographic – A Close-Up of NYC’s West Village Home Market
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The Gist of the East Village Home Market
A popular area for the past 50 years or so, especially for young crowds, the East Village is touted as one of the more accessible neighborhoods in Lower Manhattan. It also doesn’t hurt its reputation that the whole punk movement that’s now cool again started right here, and ever since, people have been willing to…
Top NYC Commercial Real Estate Sales in May 2016
If you’re wondering what’s new on the commercial market, look no further! We’ve compiled 3 short lists of the largest transactions recorded so far in May in New York City, on the Multifamily, Retail and Office sub-markets. Take a look below and don’t miss the spectacular re-sale of 405 Park Avenue, picked up by MRP Realty…
Top NYC Home Sales in May 2016
Exclusive home sales have been getting all the buzz in New York, as everyone, from home owners to agents and developers, are on the edge of their seats to see how much more the market can grow. See the latest sky-high home sales by residence type – condo, co-op and single-family home – in the 3 short lists…
How Much to Live Alongside the Super-Rich?
You might think that to enjoy the status boost of living next door to someone on the Forbes 500 list, you need to boast the bank account of an oil tycoon or a college drop-out tech genius. And, 9 cases out of 10, you would be right. Yet in the spirit of New York’s “something for everyone”, once…
Here’s How Much the Trump Brand Adds to the Value of a Condo
Condos in Trump-Branded Buildings Appreciate by a Rate of 8.2% Each Year; The Average for All Other Manhattan Condos is 7.5% With much debate going on about the value of the Trump brand, we decided to investigate how condos in Trump-branded buildings (whether owned, developed or just branded) perform compared to all other Manhattan condos….
Soaring Prices in Some of Queens’ Top 25 Neighborhoods
Reflecting the residential market’s city-wide growth in the first quarter of 2016, Queens too has registered high transaction numbers (a total of 2,805), 5% more than in the beginning of 2015 . Greater Y-o-Y median price increases occurred with condo and co-op sales (8-9%), but single-family houses still sold for 5% more than they did in Q1 last year. When it…
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