Most expensive multifamily buildings sold in 2010 in NYC
We created an interactive map showing the most expensive multifamily buildings sold in Manhattan, Brooklyn and Queens. Click on the map to get more details on the properties. In Manhattan the top three transactions involved the rental buildings sold by Harry Macklowe. The first involves the Rivertower at 420 East 54 Street in East Midtown,…
Hilton Club at 1335 Avenue of the Americas Plagued by Foreclosures
Timeshare foreclosures usually go by almost unnoticed, as their complicated ownership structure can make them less desirable for real estate investors. However, the stunningly high occurrence of scheduled timeshare foreclosure auctions at 1335 Avenue of the Americas caught our attention. Hilton Club is the name under which Hilton Hotels started to sell timeshares on two…
Proposed Luxury Conversion in TriBeCa Scheduled for Auction
A 7-story property located at 37-39 Warren Street (aka 132-138 Church Street) in TriBeCa is scheduled for auction on March 2nd with a lien listed at $28.9 million. The property was bought for $28 million in October 2007 by Millenium New York, a Long Island property developer. According to Real Estate Weekly (via All-Business.com), the…
Mapping New York’s Adopted Rezoning Areas in 2010
The year 2010 saw ten areas in New York City have proposed rezoning approved by the City Planning Commission. Four of these are located in Manhattan, three in Queens, two in the Bronx and one in Brooklyn. PropertyShark has put together a map to provide a quick overview of the areas which experienced a zoning…
Q4 2010 Brooklyn Apartment Sales Map
The Corcoran Group recently released their quarterly market report covering closed apartment sales (condos and coops) in Brooklyn for Q4 2010. For a visual perspective, we have put together an interactive map showing the sales that closed and were recorded in the fourth quarter of 2010. The size of the circle indicates the number of…
The Lucky Break of Rent-Stabilization
An article in The New York Times talks about rent-stabilized apartments and the industry built around the decision of whether or not to buy tenants out. Matthew Haines, the founder of PropertyShark, shared his personal experience from when he was a landlord himself. Read more at http://www.nytimes.com/2011/02/06/realestate/06cov.html.
Brooklyn Top 10 Commercial Deals in 2010
A study by PropertyShark has revealed the top 10 closed commercial property sales that happened in Brooklyn in 2010. Here are the top three. The priciest commercial transaction in 2010 involved the Viridian building, located at 110 Green St, that sold in December for $58.2 million. In second place was the building located in Downtown…
A peek inside the Toren Condominiums
Developer Donald Cappocia takes Multi-Housing News on a tour of one of New York’s best selling condo buildings in 2010, Toren. 110 Units were sold in the 38-story condo building in 2010 at a median sale price of $470,000. Click here to a take a look inside the building.
Top ten buildings in New York City with the most units sold in 2010
PropertyShark has identified the coop and condo apartment buildings with the most units sold (recorded) in 2010. Seven out of the top ten buildings were located in Brooklyn. The first building is Be @ 189 Schermerhorn, located in Downtown Brooklyn. 121 units have been recorded so far as sold in 2010. The median sale price…
New York City’s most expensive homes sold in 2010
PropertyShark has identified the most expensive single family homes and condo/coop apartment units sold in New York City in 2010. Here are the top three. The priciest residential property sold in 2010 was a penthouse at 15CPW in Lincoln Square that sold in December for $40 million. In second place was a condo located in…
U-Store-It Buys Fourth Storage Facility in New York
U-Store-It, LP, the real estate company focused on ownership, operation and acquisition of storage facilities, has acquired its second storage facility in Queens and its fourth city-wide, a deed recorded last week shows. This brings the company’s total investments in New York to $51,150,000. The company paid $13.6 million for 11-25 Wyckoff Avenue, a self-storage…
CIM Group Pays $469 Million for Stake in 11 Madison Avenue
A title document recorded last Thursday shows CIM Group paying $469,400,000 for 49% of 11 Madison Avenue. The massive 1,600,000 square f00t property was bought by the Sapir Organization in 2003 for $675,000,000, our records show. The deal was first reported by the Wall Street Journal on December 16th. However, the transfer price was undisclosed…
Q4 2010 Manhattan Apartment Sales Map
The major brokerages in New York just published their quarterly market reports on the state of the Manhattan real estate market. PropertyShark has put together an interactive map, accompanying the quarterly market report of the Corcoran Group, which displays closed apartment sales in Q4 2010. On the map, the size of the circle indicates the…
Data shows 5th year of decline in new building construction permits filed
A study on new construction permits filed in New York in the first eleven months of 2010 shows a 28% drop compared to the same period of last year. This represents the fifth year of decline in new building permits issued by the City, which total only 5,924 for the first eleven months of 2010,…
Top apartment buildings with most units sold in 2010 in NYC
PropertyShark has identified the apartment buildings that had the highest number of units sold during the three quarters of 2010.
Top Multifamily Buildings sold in 2010 in NYC through 3 quarters
Here are what we found to be the top multifamily homes sold in the three quarters of 2010 in Manhattan, Brooklyn and Queens. We made 3 interactive maps showing what were the most expensive buildings bought in each of the three boroughs.
Resale Prices at 101 Warren Street Slightly Up Over the Developers Sale Prices
Less than a month ago it was announced that 101 Warren Street, the Tribeca condo development, had sold out. The building brought in sales of $650 million and the developer named it “by far the largest and most successful condominium offering in the history of Downtown Manhattan”. Of the 227 residential condos, 9 have been…
NYC residential listings with largest price cuts in the past week
Here are the top 3 listings of residential properties (coop units, condo units, single family homes) in NYC that we’ve found to have the largest total dollar price drops during the past week. You can click on the photo for more listing details or click on the address for a detailed property report. 812 Park…
Top 3 priciest apartments listed for sale this week in New York City
Here are the top 3 properties in New York City with the highest asking price that hit the market in the past week. You can click on the photos for more listing details or click on the addresses for detailed property reports. 941 Park Avenue #14/15A, Upper East Side, NY 10028 Coop Beds: 4 Baths:…
AvalonBay buys 7th Property at Bridge and Willoughby Streets in Brooklyn
AvalonBay Communities Inc., the Virginia-based developer and property manager of luxury apartment communities, has acquired another property (the seventh!) on the corner of Bridge and Willoughby streets in Brooklyn, NY. The property, a 3,000 square foot mixed-use building, is located at 92 Willoughby Street and was acquired for a little over $15.3 million. It comes,…
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