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…
Top 10 Most Expensive Neighborhoods in the Bronx
Which neighborhoods in the Bronx were the most expensive in 2015? And where are the deals for buyers and investors in 2016? Find out as we countdown the 10 priciest Bronx neighborhoods: 10. Castle Hill Median Sale Price: $345,000 Castle Hill, in south-central Bronx, is home to the borough’s only YMCA, features a renovated greenspace…
Queens Now One of the ‘Top 15 Most Expensive Housing Markets in North America’
According to a recent analysis made by Point2 Homes, as of December, 2015, three of the 15 most expensive housing markets in North America were New York boroughs: Manhattan, Brooklyn, and Queens! While the first two entries aren’t too surprising, the fact that Queens made the list at all warrants a few comments and reactions. Here is…
Manhattan Least Renter Friendly, Home to 15 of the Priciest ZIP Codes in the U.S.
Despite recent rumors that the NYC luxury home market has been sluggish in the past year, on the residential front, renters are unwillingly competing with home buyers to see ‘who has it tougher’, with both parties claiming one victory upon another. With monthly rankings of priciest NYC condos sold now regularly featuring $19 million properties,…
High Profile British Publication Slams NYC Luxury Market, Reports 27% Drop in Sales; Reality Widely Different
After being recently overthrown by Beijing as the billionaire capital of the world, New York City makes international headlines once more, this time being wrongly accused of failing to attract buyers for its trophy properties. A luxury NYC homes has dropped considerably in 2015. According to the publication, only 110 luxury sales ($10+ million) were recorded in…
Manhattan’s Top 10 Best-Selling Buildings in 2015
NYC offers a diverse selection of ultra-prime real estate for home buyers, condo dwellers, and investors. In spite of strong shows of force being put on by New York City’s other boroughs, Manhattan continues to dominate the attention of the world. Though it didn’t make the top 10 with 48 units sold, a special mention…
Top Most Expensive NYC Single-Family Home Sales in January 2016
The top 20 single-family sales in NYC during the first month of the year recorded values between $1,250,000 and $13,000,000. Even though the top 3 most expensive houses sold were all in Manhattan, 12 Brooklyn houses were also sold for more than 1 million dollars, the most expensive transaction being $5.8 million. Most expensive Single-family sold…
Top 20 NYC Condo Sales in January 2016
It’s no surprise that Manhattan condos are expensive, becoming even further out of reach for the would-be homeowner. But occupying all of the positions in last month’s top 20 most expensive condos – that’s something that can’t be overlooked. Most expensive condo sold The top price for a condominium in January 2016 ($18,926,920) was paid by…
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