Before & After Satellite Images of Major NYC Developments
Our sister company, Point2Homes, has compiled a nifty collection of satellite images that reveal just how radically some major developments have changed a number of iconic NYC sites. Initially featured as part of an exclusive story in the popular NYC publication Gothamist, these images show how growth and new developments have changed the scenery in…
Luxury Condo in SoHo Scheduled for Auction
Manhattan is no stranger to big-ticket foreclosure auctions, with properties once valued above the $60 million mark ending up on the foreclosure block. But aside from the inevitable media spectacle they give rise to, very few of these properties are of interest to home buyers and investors as their lien amount generally exceeds their valuation….
NYC Unaffordability Map Puts Fast Gentrifying Areas in the Limelight
What’s an unaffordability map? Well, it’s what came out of a special request from the Gothamist editorial team, who wanted to see which neighborhoods are gentrifying the fastest. By measuring the median home sale price in each census tract, divided by the median household income, the map highlights which neighborhoods in the city’s five boroughs…
Blockbuster NYC Buildings in Q1 2013
After being crowned NYC’s best selling building 2 years in a row, the time has come for Williamsburg’s The Edge to leave its top spot. Q1 2013 brought a new wave of buildings into PropertyShark’s top 10 list of buildings with most units sold, half of them having median sale prices over $1 million. Upper…
PropertyShark Real Estate Networking Party
We wish to thank all 800+ attendees of the PropertyShark Real Estate Networking Party last week at Vermilion restaurant in Manhattan. Business cards were exchanged, many new vital connections were made and the best part is we all had a blast. Some of our guests described the event as “the best one they attended all…
PropertyShark Upcoming Real Estate Networking Party in Manhattan
The event will be held on Wednesday, June 5th, at the Vermilion restaurant, in Manhattan, starting from 6 p.m. Admission is free for all those who register in advance.
Announcing the final winners in our Facebook contest
The most anticipated moment of our contest has finally arrived! It’s time to announce the final winners of both the lifetime subscription to PropertyShark services and of our big prize, the iPad Mini. The good news is that, once again, there are 2 people who won subscriptions. Votes were pouring in on the last minute for Gabe Chitzlifs and…
And the third week winner is..
Kamla Jaikaran!  She shared her PropertyShark story with us on Facebook and won a lifetime subscription. Here is her story: “I started using propertyshark to complete my BPOs and what a difference; it has facilitated the whole process. So much better that the local MLS. There are properties that closed and agents haven’t update the MLS…
Second Round Winner in Our Facebook Contest
The second round of our Facebook contest is over, thank you all for your submissions and for your nice words. Joshua Haller is this week’s lucky winner of a lifetime subscription. Joshua managed to get 11 votes from his friends with the following story: “I have been working in Real Estate for 4 years and…
Selling Homes? These Are the Most Popular Keywords NYC Agents Use to Sell Fast
Selling a property can take a long time, and in NYC the average selling time can last even longer than in many other parts of the nation. One of the things that agents can do to speed up a sale is to work on the listing description carefully. And if you ever wondered what those…
NYC Demolition Permits Slowly Rising, while New Building Permits’ Decline May Be Leveling Out
One of the (very) early signs that new construction is about to start is that old buildings are being demolished. In New York City, the total number of demolition permits issued in all boroughs has been on an upward trend, although it’s a slow rise. NYC Demolition Permits See a 5% Uptick There were 1,174…
5-Year High for NYC Commercial Sales Volume
The surprise came from Brooklyn last year: the borough managed to register a 5-year record in commercial transactions due to the sale of the Kings Plaza Mall, which raked in $751,000,000.
Top Selling Buildings in NYC
Last year’s waves of sales at Williamsburg’s splashiest development The Edge crowned the building as the top selling NYC building for the second year in a row. With 167 units sold in 2012 at a median price of $804,418, added to the 272 sold in 2011, The Edge has all its 565 units now sold.
Move over Dumbo, Boerum Hill is now Brooklyn’s top neighborhood
 If in 2011 Dumbo took everyone by surprise, ranking 4th in the top 10 neighborhoods, in 2012 another Brooklyn neighborhood grabbed the spotlight. Boerum Hill climbed to 6th place with a median sale price of $950,000, surpassing well known upper class neighborhoods like the Upper East Side, West Village and ultimately Dumbo. As our…
Home Sales in the Bronx Down to a 5-Year Low
Real estate in the Bronx might not be on every home buyer’s tour these days as closed sales in 2012 hit a 5-year low. 2,339 homes in this borough found a new owner last year, a 4% drop compared to both 2011 and 2009 and a larger drop compared to 2008 and 2010. The median…
Gentrified Brooklyn Neighborhoods See Home Prices per Square Foot Shooting Up
Several parts of Brooklyn have experienced significant urban redevelopment and demographic change over the past decade. These shifts — often referred to as gentrification — have brought new investment, rising property values, and changes in the housing and cultural landscape. Increasingly, homebuyers from across New York City have turned to Brooklyn for residential opportunities that…
10 homes auctioned by the Public Administrator of Queens County
If you didn’t have time to go and see the properties on December 8th or 9th you can still get a sense of what shape they are in by looking at the property reports on PropertyShark.
Public Records Are NOT Error Free! But There’s a Way Around
Everyone in real estate knows that public records are not error free. Some more than others claim this happens too often. We won’t go into that debate. What’s undeniable, however, is the growing need for ways to validate data found in public records and to quickly determine whether the information provided is true or false….
The Most Expensive Zip Codes in NYC (Hint: It’s not 10065!)
It’s hard to picture almost any US top-10 list without New York City somewhere in there. The most expensive US zip codes list compiled annually by Forbes Magazine makes no exception. In fact, Upper East Side’s 10065 heads their list this year, securing the coveted #1 for the first time. But is 10065 indeed the…
Newcomer in the Top-10 Most Expensive NYC Neighborhoods: Manhattan Beach, Brooklyn
As home sales and median sale prices across NYC have continued to inch up in Q3 2012, Brooklyn is pulling some aces from its sleeve–Manhattan Beach has secured the #4 place in the list of the most expensive NYC neighborhoods PropertyShark completed for this quarter. Median sale prices in Manhattan Beach have spiked at 143%…
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