Archive for Blog
Is There a Curse on DJ AM’s One Kenmore Square Apartment?
Manhattan Real Estate: DJ AM
For everyone who loves celeb real estate and scary stories, on a somber note, DJ AM’s (Adam Goldstein) former condo at One Kenmore Square is on the market. Its asking price is $1.795 million- Goldstein paid $1.995 million. In case you are curious, the 1,147 square-foot condo is located in an Andre Balazs [...]
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 [...]
Manhattan Real Estate: The Sweet Spot and January Sales
Brokers are all taking calls again. The discounts out there are working- not enough to raise prices, but enough to generate sales. Some of it is the bonuses and some of it is just the ripple effect of people thinking they need to buy before the people with bonuses do. Some of it is a [...]
Manhattan Real Estate: Adapting to Change Reflected in Increased Sales
Manhattan Real Estate 4Q 2009
2009 was a new era in New York Real Estate and buyers, sellers and real estate professionals have slowly adapted to the changes. We have seen the adoption of stringent, if not irrational mortgage underwriting to combat the irrationally lenient mortgage underwriting of the years before. We have seen layoffs, elevated [...]
Manhattan Real Estate: One Beacon Court Apartment and Anna Wintour’s Preservationist Concerns
One Beacon Court
Manhattan celebrity real estate is in a constant state of change. In 2007, Johnny Damon sold his three bedroom at One Beacon Court, the one with the amazing Manhattan skyline and Central Park view, for $8 million, having bought it for just over $5.5 million. Curbed wrote this week that the 2,100-square-foot apartment [...]
Tishman Speyer Properties and BlackRock Realty Default on Stuyvesant Town and Peter Cooper Village
It’s one of those where you can’t look away. Stuyvesant Town and Peter Cooper Village were the biggest apartment complexes in Manhattan and they attracted the biggest money- their 2006 sale was for $5.4 billion and everybody wanted in.
But that was 2006. The most recent appraisal put the value of the two complexes at $1.9 [...]
Manhattan Real Estate Amenities and Fees Are Rising
That movie screening room, roof deck and pet spa you thought were included in your rental or condo? Check twice, as Manhattan is seeing a new wave of fees and charges for amenities-all those wonderful things that were included just a few years ago are proving a little harder to pay for.
“These days, with the [...]
Manhattan Real Estate: The Plaza Hotel Sees Dropping Unit Costs and Rising Hope
The down market is affecting prices across the board and even classic historical landmarks like the Plaza Hotel are not immune to dropping prices. They may even be feeling the recession more acutely than other properties, as their value rose after Isaac Tshuva’s $675 million purchase of the hotel and subsequent revitalizing of the property [...]
Manhattan Real Estate: Pricing in a Down Market
Manhattan Real Estate: Pricing in a Down Market
Half of what makes a successful agent is the ability to price a home effectively. According to the 4th Quarter market report, the listing discount from the final asking price of a Manhattan apartment is 12.8%. Too many properties will pad their asking price- the secret is to [...]