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…
Top 20 NYC Coop Sales in January 2016
On the residential front, Manhattan had a good start this year, the 20 priciest condos sold in January being all from this borough. Almost all of the priciest coops sold were also from Manhattan, with only a single property from Brooklyn exceeding the $2.5 million sale price.  Most expensive Coop sold The most expensive sale…
Top 10 Best-Selling Buildings in Queens
While often overshadowed by Manhattan and Brooklyn, Queens has a lot to offer to buyers looking for luxury amenities, accessibility, and proximity to green spaces. Property Shark’s data shows significant real estate transaction activity over the last year in the borough. Check out the best-selling buildings in Queens ranked by number of units sold in…
Brooklyn’s Top 10 Best-Selling Buildings in 2015
Where are the buildings Brooklyn buyers love most? While property prices may be substantially lower compared to the most popular buildings in Manhattan, Brooklyn’s trendy rebirth has certainly driven a substantial amount of real estate activity in the last year. Dive into Property Shark’s countdown of the most in-demand buildings in Brooklyn based on the…
Top 20 Most Expensive Queens Neighborhoods in 2015
The real estate market in Queens registered impressive price gains in 2015 while the luxury segment in particular flourished, according to our recent market report for the borough. The median sale price in Queens reached an 8-year high at $360,000 and here we take a look at the neighborhoods that are leading the borough’s growth….
Bronx Luxury Market Is Picking Up, Median Home Price Sees Very Modest Increase in 2015
Residential Market Highlights The median price reached $250,000, a modest 2% increase Y-o-Y. The total number of transactions closed was 1,938, far from the values seen before 2008. The luxury market is picking up and reached an all-time high with 37 sales recorded over $1M. Most expensive neighborhood: Morris Park, median home sale price hit…
Brooklyn’s Top 20 Priciest Neighborhoods in 2015
2015 was an exciting year for Brooklyn’s residential market, the median home price hitting an all-time-high of $560,000. The luxury market registered a record number of sales (570) while the most expensive property in Brooklyn was sold for $15.5 million. Even though Manhattan has some of the priciest real estate in the world, one of Brooklyn’s…
Top 20 NYC Condo Sales in 2015
100% of NYC’s top 20 condo sales in 2015 were in Manhattan. This list of ultra-prime residential real estate boasts luxury flips on Billionaires’ Row, expansive penthouses, and townhouses which are legendary works of architectural art. The Times Square-Theatre District neighborhood put on a grand show, as it dominated the top condo sales in the…
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