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…
Q1 2010 map for Brooklyn closed condo and coop sales
In conjunction with Corcoran, we developed the Q1 2010 Corcoran Report covering closed apartment sales (condos and coops) in Brooklyn for Q1 2010. For a visual perspective, we have put together an interactive map showing the sales that took place in the first quarter of 2010. The size of the circle indicates the number of…
Q1 2010 Manhattan condo and coop closed sales map
PropertyShark.com, in collaboration with Corcoran, recently published the Q1 2010 Corcoran Report covering apartment sales (condos and coops) in Manhattan for Q1 2010. Here is an interactive map showing the sales that took place in the first quarter of 2010. The size of the circle indicates the number of sales in the building and the…
Manhattan Absorption Rate in Q1 2010
We looked at single-family homes, condo and coop units that sold in Manhattan during Q1 2010 and compared them with the current for sale inventory. From the chart it can be seen that the highest absorption rate is on the Upper West Side (48%), followed by Chelsea & Flatiron (34%) and by the Upper East…
Top New York City Commercial Deals In March 2010
PropertyShark has identified the top commercial deals that happened during March 2010. Here are the top three: (Click on the photo to see current for sale listings in each building) 45 E 135 St, New York, 10037 At the top of the list is the Riverton Complex located at 45 East 135 in East Harlem….
Manhattan neighborhoods with highest residential activity
We looked at single family homes, condo and coop units that sold in Manhattan during February 2010 in order to see which neighborhoods had the most activity. At the top of the list were the Upper East Side with a total of 202 sales and the Upper West Side with 139 sales. Next was Midtown…
Average days on the market for Brooklyn properties
We analyzed the average days on the market for the current listings in some of Brooklyn’s neighborhoods. From the neighborhoods that we analyzed, the properties in Windsor Terrace had the highest average number of days on the market (293). Properties in DUMBO were listed for an average of 180 days on the market and in…
Resale prices at 15 Central Park West reach new heights
In January 2010, the closing of Unit 25 at 15 Central Park West marked the highest resale gain in this famed Upper West Side limestone building. The unit sold for $13,700,000 in January 2010 but was initially purchased for $5,990,000 in December 2007, an increase of 129%. 32 units have changed hands, some more than…
NYC buildings with the most condo units sold in 2009
PropertyShark has identified the buildings that had the highest number of condo units sold during 2009. Here are the top three: (Click on the photo to see current for sale listings in each building) The Brompton (122 units sold) At the top of the list is The Brompton, located at 205 East 85 Street on…
Forest Hills has most multimillion dollar homes of any neighborhood in Queens
With a median sale price of $680,000 in 2009, Forest Hills is one of the most expensive neighborhoods in Queens. The neighborhood features more multimillion dollar sales of single family homes since 2005 than any other neighborhood in Queens . 170 single family homes in the neighborhood sold for over $1 million since 2005, peaking…
Listing price vs sale price for Manhattan Apartments
We took a look at apartments that were sold in 2009 in certain Manhattan neighborhoods and compared the median prices they sold for with the median prices that apartments are currently listed for in those neighborhoods. The highest percentage difference was recorded on the Upper East Side, with a current median listing price 29% higher…
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. 170 East…
Commercial distressed properties listed for sale in NYC
Occasionally, commercial property owners have creditors file lis pendens against them and put the property up for sale. Here are 3 such properties listed for sale where the owner recently received a lis pendens filing. You can click on the photo for more listing details or click on the address for a detailed property report…
An early look at Manhattan Apartment Sales in 2010
While all sales are not yet recorded for January, so far we have identified that there were 619 recorded Manhattan apartment sales in the first month of 2010, up 5% from January 2009, but down 58% from January 2007. January 2007 (1,467 sales) had the highest number of sales of any January in the last…
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