Archive for Blog

Foreclosures in New York 15% Below National Average

As the nation continues to struggle with bad real estate news, New York still fares better than most. In the third quarter of last year, foreclosures accounted for 20% of real estate sales in the U.S.  New York foreclosures, on the other hand, represented just 4.6% of all sales, a number on par with the [...]

$100K/month SoHo Rental Sports NYC’s Finest Pool

214 Lafayette Street, a 13,000 square foot power-station-turned-mansion, is available for rent for $100,000 a month. If that is out of your price range, you can also spend the night at just $20K a pop. (In case you’re not a numbers person, the monthly price is a slightly better deal.) What do you get for [...]

Former Coach COO Sells Central Park West Condo for a Mere 40% Gain

In today’s luxury market where Manhattan’s elite are getting twice what they paid for their homes, former Coach COO Keith Monda had to settle for a paltry 40% gain. The six-story townhouse at 247 Central Park West was originally priced at $32 million in April 2010. The third price chop was the charm, with the [...]

Manhattan Rentals at Second Fastest Pace in 15 Years

Rents in Manhattan continued their march upward last quarter, with the average rent climbing 4% from the previous quarter to $3,663. That’s up 4.7% from last year. Remember back in the days when the top chart and the bottom chart had completely different numbers? Well, with concessions down from 40.5% last year to just 7.4%, [...]

4Q Manhattan Market Report: Prices Steady but Sales Slow

2011 came in like a lion and went out like a lamb, with the most active 1Q since 2008 and the slowest 4Q since 2005. 2,011 sales closed in 4Q 2011 (how appropriate!), down 35.3% from last quarter and 12.4% from last year. The average sales price remained fairly stable at $1,445,484, down 1.3% from [...]

The Indoor Pool Top 5 List

Do you remember walking outside on July 22 when the temperature hit 113 degrees and thinking “maybe last winter wasn’t so bad after all”? It’s human nature. So, today, as we zip up our down jackets our thoughts turn to more tropical places. But who says you can’t have both? These indoor swimming pools make [...]

$88 Million Sale Sets Manhattan Record

The 15 Central Park West penthouse, recently announced for sale by Sanford Weill, former Citigroup Chief, has been snapped up for the full $88 million asking price…by a 22-year-old. This sets the record for the highest individual transaction in New York City history. The proud pending owner, Ekaterina Rybolovleva, daughter of Dmitry Rybolovleva, the 93rd [...]

NYC “Second” to San Francisco for Most Expensive Homes?

If you know what’s good for you, you don’t tell a New Yorker they’ve come in second. Them’s fightin’ words. A recent article in Crain’s cites that, at a median home price of $450,000, New York City comes in a distant second to San Francisco, which boasts a $585,000 median home price. Their sources evidently [...]

One57 Penthouse Price Now Up To $110 Million

Extell Development Company is not going to be outdone by a 22-year-old trust funder. After the announcement of the Manhattan record-setting $88 million sale of former Citigroup Chief Sanford Weill’s 15 Central Park West penthouse to Russian heiress Ekaterina Rybolovleva, the price on the 10,923 square foot penthouse at One57 jumped 12%, from the previously [...]

Floorplan Porn–The Hottest Layouts in New York

Statistics show that every second 28,258 internet users are viewing pornography. With that kind of audience, we want in. And what kind of spread is hotter than a Manhattan floorplan? Join us in the adoration of Curbed‘s top 10 centerfolds of 2011. #1 15 Central Park West set the record for a Manhattan residential sale [...]