What The “Consolidated Appropriations Act – 2021” (CAA) Has In Store For Landlords & Tenants
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. At the end of…
Pandemic Causes Sales to Plunge 85% in Hudson Yards, NYC’s Priciest Neighborhood & Prices to Dip 8% in Manhattan
In 2020, Hudson Yards was NYC’s most expensive neighborhood with a $4.5 million median. TriBeCa was next with $3.2 million median sale price – a 3% decrease Y-o-Y.
A Look Back at 2020: Major Real Estate Law Updates in NYC
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. As 2020 comes to…
On the Cutting Edge of Manhattan’s Luxury Properties: An Interview with Shlomi Reuveni
Shlomi Reuveni of Reuveni Real Estate describes the current state of Manhattan’s luxury residential market and how it has adapted to the pandemic as well as up and coming areas.
Most Expensive U.S. Zip Codes in 2020: Medians on the Rise in Country’s 100 Priciest Zips
Atherton remains priciest zip code at $7 million, followed by Sagaponack, Malibu & Beverly Hills, as California again dominates top 100 ranking.
Q3 2020 NYC Neighborhood Report: Pandemic Slashes Sales up to 50% Across 4 Boroughs
In Q3 2020, sales were slashed by up to 50% in four boroughs. This quarter Hudson Yards was #1 priciest NYC neighborhood. and the Theater District-Times Square was #2 priciest due to a 223% surge in medians fueled by luxury condo sales & SoHo came in at #3.
Centric Brands Signs 212K SF Lease in Empire State Building
Centric Brands signed a lease for 212,000 square feet of office space in the Empire State Building directly from the property’s owner, the Empire State Realty Trust.
Examining the New York Residential Investment Market Post-Lockdown
When it comes to the New York residential investment market in the new normal, it becomes a tale of two areas: NYC and suburbia.
New York State Passes Housing Discrimination Bill, Giving Authority to Revoke Brokers’ Licenses
August saw the passage of a new housing discrimination bill giving the New York State Department the power to revoke brokers’ licenses.
The NYC Neighborhood Report: 44 Neighborhoods Closed Fewer Than 5 Sales Under Q2 Pandemic Pressure
Hudson Yards is among 44 NYC neighborhoods that closed fewer than 5 sales as sales activity fell 42% across the four boroughs during a tumultous Q2.
Q1 2020 New York City Neighborhood Real Estate Report
Key Takeaways: First quarter sales activity went up by 5% compared to last year. Hudson Yards remained most expensive neighborhood with a $4.6 million median sale price. Malba was the 7th-priciest neighborhood, with a $2 million median sale price. Manhattan’s most affordable neighborhood was Inwood with a $409,575 median home sale price. The first quarter…
Tik Tok Inks Lease for 232K SF at Durst’s One Five One
Social media giant Tik Tok recently signed a 10-year lease for 232,000 square feet of Midtown Manhattan office space at the Durst Organization’s One Five One, previously known as Four Times Square or the Condé Nast Building. The terms of the deal were not disclosed. Tik Tok will take over seven floors in the 48-story…
Uncertain Times Call for Reliable Data
Vince Soriero, business development manager and corporate sales lead, shares his insight on leveraging PropertyShark’s real estate data in volatile markets.
Real Estate Professionals Under Lockdown: Impact & Future Opportunities in NYC
We reached out to NYC-based professionals to see how they’re experiencing the situation on the ground, how they’re adapting and planning for the future, and where they see opportunities emerging.
Buying a Home in NYC During Lockdown: Virtual Closings & Escrow Closings
Real estate and legal industry professionals have begun utilizing more virtual closings and escrow closings.But how do they work and are they here to stay?
Real Estate’s Recovery in New York City
The 21st century is only 20% complete and we’ve already seen multiple unprecedented events — 9/11, the global financial crisis of 2008 and now COVID-19. While history never repeats itself, it often rhymes. So, what — if anything — can the previous crises tell us about what the real estate market in New York City has ahead? Newmark Knight Frank’s recent report sheds some light on what we might expect in the upcoming weeks,…
8 Online NYC Real Estate Conferences to Attend
Many events have been cancelled to prevent the spread of COVID-19, and real estate has been especially affected by this development because of its reliance on networking and knowledge sharing. However, many organizers have decided to move their events online, hosting webinars and offering online courses. So, if you want to come out of lockdown…
NYC Multifamily Sales Volume Surges 39% in Q1
The effects of COVID-19 have yet to show up for NYC multifamily in Q1: sales volume leaps 39% Y-o-Y, totals $1.9 billion.
New York Non-Profits Are All About Educating Homebuyers: An Interview with Ryan Walsh, Esq.
Education and advice from prominent real estate professionals are key to navigating New York’s complex housing market, and both merged seamlessly in our conversation with Ryan Walsh, Esq., a partner at Walsh & Gilad, PLLC. Walsh is also a member of the board of the Neighborhood Housing Services of Queens (NHS of Queens). Here, he…
Prominent Office Leases in New York City: March 2020
Several high-profile office leases were signed by industry-leading companies last month. We rounded up the five most notable in New York City in March – check them out below: 1. R3 & Check Point Software Technologies Move to 1155 Avenue of the Americas The iconic, granite-clad, 41-story tower located between West 44th and West 45th streets welcomed two new tenants in the month of March. Specifically, two leading tech companies will occupy significant portions of the Durst Organization’s 1155 Avenue of…
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