$120M for Upper East side mansion

Three townhouses on Manhattan’s Upper East side near Central Park,located at 12-16 E 62 street are up for sale for a combined $120M. The properties can be combined according to NYDN, to make a 30,000 sqft mansion. These properties are owned by a firm that has been linked to the Brazilian banking family, Safra. The three buildings if combined will have 73 feet of frontage between Madison and Fifth avenue. An additional adjacent building can also be transferred for $35M. Read the full article below.


Noho NYC neighborhood profile

Noho whose borders run from Houston to E 8 street between Bowery and Mercer, is having its’ moment now according to NYT. According to data, prices have appreciated substantially in the last 4 years with 3 bedroom apartments appreciating  the most at 140% over their 2010 numbers.  Two bedrooms increased 59% in the last 4 years. These numbers though are skewed because most of what gets sold in the 2-3 bedroom range is new construction. Continue reading Noho NYC neighborhood profile

Lower East Side goes high end

According to the NYT, buyers prices out of Manhattan’s Noho,Soho, and NoLita are now turning their attention to the Lower East side. Once a very gritty neighborhood, that grit is being replaced by new condo developments. Additionally, the area is changing as well due to the purchase of resale apartments where according to data, a NYC condo can be bought for the mid 800’s. This is a substantial discount from the price of over $1 million for one bedroom pretty much throughout Manhattan below 96 street. Continue reading Lower East Side goes high end