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…
Surprise Neighborhood Tops Most Expensive Brooklyn List in Q1 2016
The first quarter of 2016 brought forward new front-running neighborhoods across the East River, revealing shifts in preference and budget among Brooklyn home buyers. Columbia Street Waterfront District topped the market in terms of median prices, due in part to upscale condo sales at 84 Congress Street. The lesser known Prospect – Lefferts Garden came second, with the median transaction…
Top 10 Best-Selling Buildings in NYC Q1 2016
It’s to be expected that a best-selling buildings list would find its top contenders among the many luxury properties in Manhattan. However, the first quarter of 2016 saw two buildings from Brooklyn enter the ranks of in-demand places to call home in the city of New York. Similarly, it wasn’t only new, up-and-coming developments that managed to close a…
Expert Interview with Corcoran’s Michelle Griffith: Pricing is Key in NYC’s Real Estate Market
Here’s a new entry in our Expert Interview Series! We’re extremely proud to feature Michelle Griffith, who’s recently joined Corcoran at their flagship East Side office on Madison Avenue. Being recognized for her achievements and expertise in the luxury real estate market, Michelle loves to work directly with her clients. In this interview, Michelle offers…
Brooklyn Home Prices Go Up 11% in Q1 2016
Fueled by a low inventory of homes for sale, median prices are on the rise, hitting a record breaking $594,000 in the first quarter of 2016, the highest price point we’ve seen in the past 4 years. Compared to last year’s Q1, median sale prices climbed a solid 11%. The Brooklyn home market is still…
Spectacular Growth in NYC Luxury Real Estate Market Boosts Q1 2016
Quarterly Report on the Residential Market Finds Luxury Sales Pushing Up Median Prices Residential Market Highlights: The luxury market recorded a spectacular Y-o-Y transaction growth in Manhattan: 59% more properties sold for over $3 million Median home prices in NYC (excluding Staten Island) rose by 12% Y-o-Y, reaching $595,000 NYC: overall, the price per square foot was up…
5 Tips for Finding Your First New York City Office Space
For generations, New York City has been romanticized as the epitome of capitalism and the American Dream. Entrepreneurs continue to flock from around the globe, eager to benefit from the city’s vibrant economy and business-friendly government initiatives. But many quickly discover that despite all the opportunities New York City has to offer, there are equally…
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