Due to the robust real estate market, values have increased in the last year and as a result, New York City is raising the property taxes on all types of property. The largest increase will be weathered by Coop and condo owners who are taxed at a different rate. Continue reading New York City property owners brace for higher taxes in 2015
NYT: The Hunt for a 1 bedroom apartment on the Upper East Side
This week’s NYT The Hunt takes us to the Upper East Side in search of a 1 bedroom apartment in the 700’s with a doormen.
Will a former resident of the UWS and current renter find happiness on the UES?
Spoiler alert: He ends up on a noisy block.
Can’t afford that Manhattan apartment? Here’s some tips to get the price down.
Brick Underground has an interesting article about paring down your wish list for your NYC apartment as a way to get the price to a more affordable level. Some of their tips include:
Continue reading Can’t afford that Manhattan apartment? Here’s some tips to get the price down.
NoHo takes it’s place among most expensive Manhattan neighborhoods thanks to 40 Bond street,NY,NY 10012
The NoHo area has seen prices appreciate nearly 200% in the last 5 years and the median price in the last quarter according to real estate site Trulia hit nearly $5mm. NoHo has become one of the most artsy, historic and wealthy neighborhoods in Manhattan.
15 CPW on the Upper West side tops list of 10 most expensive Manhattan buildings
Not surprisingly, 15 Central Park west on the upper west side has topped the list of the 10 most expensive buildings in Manhattan. Also, on the list are 838 Fifth avenue, One57 and The Plaza. 15 CPW still holds the record for most expensive sale of a Manhattan residential apartment at $88 million. This record is going to be challenged this year by a handful of penthouse apartments which are asking north of $100 million.
301 West 53 street NY,NY 10019 “Affordable” Luxury condos
As previously reported in this blog, 2015 will see approximately 6500 new condos enter the market and according to the real estate industry about half of those apartments will be in the affordable luxury market. This is roughly defined by a price tage of $1700 to $2300 per square foot. So a 1000 to 1100 sqft apartment will come with a price tag of around 2 to 2.5 million depending on floor and views.
Continue reading 301 West 53 street NY,NY 10019 “Affordable” Luxury condos
5 tips to sell your NYC apartment
Here are 5 tips that can help you to sell your NYC apartment. Even in today’s market where are inventory levels are very low, some properties sit on the market for several months without selling. When market values are increasing, this may not seem so bad because prospects of selling become more likely as time goes on but in a transitional market like what we will have in 2015, it can be disasrous. So here’s 5 tips to help you get the property sold in a reasonable amount of time and for the most money. Continue reading 5 tips to sell your NYC apartment
$66 million penthouse at Puck Penthouses 295 Lafayette street,NY,NY 10016
Penthouse I is now in the market at the Puck Penthouses in NoLita. The apartment offers a combined over 12k sqft including interior and exterior space. At $66 million, if sold, it will break the downtown record of the Walker tower’s sale in early 2014.
The 10 story 6 unit building located at 295 Lafayette street, has sold 1 unit so far and this is the 4th unit to enter the market. The developer normally would save this apartment for last but changed their strategy probably in effort to get ahead of the incoming glut of luxury real estate heading into the market in 2015.
WSJ article
NYC emptiest buildings
The NYT ran a piece concerning some of the Manhattan’s emptiest buildings as measured by number of occupants that are not using their homes as primary residences. The problem with the article is that they are really wanting to show the amount of pied-a-tierre homes that they are and they also lumped in with their statistics properties that are owned and rented out as investments. Continue reading NYC emptiest buildings
126 Riverside drive apt 1C New York,NY 10024 Market preview
This 2 bedroom 1.5 bathroom cooperative offering will be coming to the market shortly. It has been undergoing a renovation for the last several months so I thought you might like to see some pictures. Let’s start with the before pictures of the apartment and in another post, I will walk you through the after pictures.
This apartment is directly across from Riverside Park which you can see from the lovely common roof deck.
