According to the latest report from listings site Streeteasy, Manhattan inventory rose 16% year over year with the largest uptick in inventory being the Upper East side. On the Upper East side, the inventory increased 20.2%. According to their analysis which is consistent with what I am observing in the field, 16% of the homes on the market received discounts which is an increase year over year of 3.6%.
Recently, I showed a client a couple of townhouses in Harlem and one had an original ask of $2.99 and now is down to $2.3 million and another started at $2.75 million and now is down to $2.25 million.
The Author- Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every neighborhood from Battery Park City to Washington Heights.
Two Upper East side condos are in contract and the accepted payment is Bitcoin. 389 East 89th street, Magnum real estate’s condo conversion may be the first apartments in Manhattan sold for Bitcoin. One apartment is a studio and the other is a one bedroom.
NYP coverage
The often troubled Citibike NYC is expanding further onto the Upper West and Upper East side. The expansion could bring bike stations as far north as 130 street. In all, an estimated 135 new stations could be created by 2017. Residents have mixed feelings and have the opportunity to share their thoughts at Community Board hearings. One for the Upper West side is scheduled for tonight at the Redeemer Presbyterian Church on West 83 street between 6 and 7pm.
NYPOST
News about the NYC real estate residential and commercial markets provided and interpreted by an industry veteran licensed since 1999. Brian Silvestry of BSRG Inc. Licensed real estate broker