Archive for February, 2010

Manhattan Real Estate: Residents Won’t Stand for Removing Doorman’s Chair

Doormen are a classic symbol of Manhattan living. Almost as ubiquitous are the doormen’s chairs- which some condo boards seem to feel are a bit too luxurious of a distraction. Brick Underground tells the story of an Upper West Side condo board who took the doorman’s chair away after renovating the lobby and relocating the [...]

Manhattan Real Estate Market and Shadow Inventory

Manhattan real estate is full of change and contradiction.
There is the good news: 4Q reports show an increase in activity. Sales are up 8% from 4Q of 2008 and up 11% from 3Q of 2009.
And then there is the not-so-good news: The majority of those sales are resales from the credit crisis. Just 19% of [...]

Manhattan Real Estate: Clubbers Find A Home in Chelsea’s Ohm

“…what we have here is a well-guarded luxury stash house in an isolated and anonymous location that’s also somewhat near a very active nightlife destination. Gee, who’d be interested in that?” – Curbed.com
Ohm
Where could they be referring to, you ask? The 34-story far west side luxury redevelopment project: Ohm. While the surrounding redevelopment is slow [...]

The Hamptons and North Fork, a ten year market report

The Hamptons and North Fork housing markets continue to hold their own, seeing the same trends as New York City. Though they have stabilized, just as Manhattan, the markets are seeing a year over year decline in prices. The median sales price in 2009 fell 10% to $675,000 from 2008 but more than doubled over the [...]