Top 10 New Condo Developments in New York City by Gross Income
Therefore we decided to create a top 10 of New York’s largest new developments by their gross income. We started analyzing residential sales in new condo developments that closed starting January 2005.
Top 10 New York City Homes by their Market Value
We have put together a list of the most valuable properties in New York City as determined by the City assessors. The homes’ market values are calculated for tax purposes.
Another Brooklyn House of Worship Goes Residential
541 Leonard Street in Greenpoint, Brooklyn is about to become one of the many houses of worship in the borough that have been converted to residential use in the past few years.
Top Three NYC Houses Sold in May
Here are the top 3 single- and two-family homes in New York City sold in May 2011. You can click on the photos for more details on the properties. 450 Avenue S 450 Avenue S The priciest house sold in May is located at 450 Avenue S in Gravesend, Brooklyn. This single-family home has 2,914…
Apartment Sales Sluggish, But Prices Slightly Up
With 938 transactions in April 2011, Manhattan sales volume saw a 19% drop from April 2010.
Top Three NYC Houses Sold in April
Here are the top 3 single- and two-family homes in New York City sold in April 2011. You can click on the photos for more details on the properties. 38 Grove Street 38 Grove Street In first place is a 5,995 sqft house at 38 Grove Street in West Village . The house was previously…
Q1 2011 Brooklyn Apartment Sales Map
The Corcoran Group recently released their quarterly market report covering closed apartment sales (condos and coops) in Brooklyn for Q1 2011. PropertyShark has put together an interactive map showing the sales that closed and were recorded in the first quarter of 2011. The size of the circle indicates the number of sales in the building…
NYC Top 10 Residential deals closed in Q1 2011
A study by PropertyShark has revealed the top 10 closed residential property sales that happened in New York City in the first quarter of 2011. Here are the top three. 768 5th Avenue The priciest residential transaction in Q1 2011 involved the 6,000 sqft condo at The Plaza, that sold in March for $48 million….
Q1 2011 Manhattan Apartment Sales Map
PropertyShark has put together an interactive map, displaying closed apartment sales in Manhattan in Q4 2010.
44-Unit Apartment Building in Inwood, Manhattan Scheduled for Auction
A 44-unit apartment building located at 509 West 212th Street in Inwood, Manhattan is scheduled for auction on April 6th 2011. The lien amount is $5,288,753. The property seems to be owned by Milbank Real Estate, a California-based company that defaulted last year on a $35 million loan used to finance a portfolio of 10…
CEO Buys Most Expensive Apartment Ever in Park Avenue Building
The closing of apartment 6A at 1100 Park Avenue for $8.05 million marked the highest price ever paid for an apartment in the 18-story pre-war coop building. The buyers are Gail Pisano and Joseph Gromek, the latter identified by Bloomberg as the CEO of Warnaco Group Inc., the apparel company. According to the listing description…
Super Fast-Closing Deals in Manhattan Luxury Apartment Market
Luxury apartments that are selling in less than 20 days after being listed are anything but the norm in the Manhattan market of the last few years. Actually, according to the latest market report by Miller Samuel, the average number of days on the market for an apartment in Manhattan was 125 days in Q4…
Proposed Ultra-Luxury Conversion in SoHo Scheduled for Auction
As first reported by Forbes, the proposed luxury residential conversion at 476 Broome Street (aka 62 Wooster Street) in SoHo is scheduled for auction on March 17th. It has a lien amount of $32,309,343. According to the developer’s website, the luxury conversion would have had 2 penthouses, a total of 5 residential units, roof-top swimming…
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…
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