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…
Transferring Property to an LLC
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. 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. Many people purchase real estate under…
Get to Manhattan in a New York Minute – Best Mass Transit Commuter Towns in New Jersey
Key Takeaways: Hackensack ranked the #1 New Jersey commuter town, with a 65-minute travel time and low housing costs Hudson County has 4 of top 10 best towns for those commuting to Manhattan Shortest commute time is from Hoboken at 29 minutes Ridgewood boasts best schools, but with the highest home prices Manhattan is…
New York Broker Fees: Legal or Banned?
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. 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. February will certainly be memorable for…
2019 Annual Multifamily Report: NYC Sales Volume Down 41%, Unit Volume Halved
Key Takeaways: Multifamily sales volume dives 41% Y-o-Y across the four boroughs. Manhattan prices accelerate; price per unit up 22% Y-o-Y. Queens loses 60% of its sales volume Y-o-Y after strong 2018. Bronx sales activity down 37%, inking a mere 155 deals. Brooklyn sales volume halved, transactional activity down 32% Y-o-Y. As a blue wave…
Office Sales in Manhattan Drop 12% Y-o-Y in Q4 2019
Manhattan office sales dropped 12% year-over-year (Y-o-Y), with total volume dipping under $2.8 billion. Quarter-over-quarter, Manhattan sales decreased by more than $1 billion, despite gaining traction in Q3. Highlights: Year-over-year, the average price per square foot increased to $875. About 3.3 million square feet of office space was traded in Q4 2019, down 17% compared…
2019 Annual Foreclosure Report: NYC Foreclosures Dip 6% Y-o-Y, Manhattan Cases Surge 39%
Key Takeaways: Foreclosure activity increased in just one borough, with Manhattan surging 39%. Y-o-Y NYC foreclosures dipped 6%, while pre-foreclosures slid 7%. Bronx undergoes steepest drop in first-time foreclosures – down 21% Y-o-Y. Queens logs most foreclosures with 1,164 unique cases. Staten Island foreclosures remain relatively flat, yet still 313% above 2014 levels. Brooklyn’s 11236…
Legal Dangers of Misrepresentation by Brokers
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. 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. Selling a home is similar to…
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