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,…
N.Y.U. Acquires Third Floor at the Silk Building
New York University has bought the third floor at the Silk Building for $9,914,314, according to city records published yesterday. The commercial condo unit was owned by Abs Partners Real Estate LLC, who bought it for $5,350,000 in 2006. According to our records, N.Y.U was already a tenant of the 3rd floor space. This is…
Manhattan Transactions Growth Nearly Stalled in July but Prices Rose Significantly
The first two quarters of 2010 saw a big increase in the number of closed apartment sales in Manhattan compared to the same quarters in 2009. The average year over year rate of closed transactions each month was 75.8% higher for the first six months of the year. However that monthly increase almost disappeared in…
Site of a 32-Story Residential Development Site in Manhattan to be Auctioned Tommorow
The site of a 32-story residential tower on the Upper East Side is scheduled for auction tomorrow, August 5th, in one of the largest non-mortgage foreclosure auctions in years. The lien amount is $9,677,028. The property, a former garage located at 1113 York Avenue was designed to host 173 rental units in a 32-story structure,…
New York City’s REO Program – A Year On
Over a year ago the City of New York started a new program to facilitate home ownership for low- and medium-income families in some of New York’s hardest hit neighborhoods, thus preventing the further decline of those neighborhoods severely impacted by foreclosures. Under the REO Program, the City will use a third-party non-profit organization –…
Top 3 priciest apartments listed for sale last week in Manhattan
Here are 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. 80 Columbus Circle #PH77B, Upper West Side, 10019 Condo Beds: 4 Baths: 5.5 Asking…
Gravesend home quietly breaks price per square foot record in the outer boroughs
The recent closing of one of the most expensive (sixth ever!) single family homes in Brooklyn at 2009 East 3rd Street didn’t stir much reaction in the media. Only Brownstoner covered it in its weekly section – Last Week’s Biggest Sale. The most exciting fact about the sale was not necessarily the $7.1 million that…
Brooklyn Home Sales Over One Million Dollars Increase in Q1 2010
The number of Brooklyn residential sales over $1 million increased during the first quarter of 2010. There were 121 such sales in Q1 2010, up 33% from Q4 2009 and up 70% from Q1 2009. Brooklyn Heights had the highest number of sales over 1 million dollars (19) while Park Slope had the highest average…
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