Archive for Manhattan Real Estate
How To Get Your Contract Counter-Signed and the Ethics of Multiple Contracts
Is it ethical for sellers to send out multiple contracts? The real estate market is a tempest right now, and deals are dissolving for any number of reasons without warning. In this kind of climate, sellers’ agents often see sending multiple contracts out as being in their clients’ best interest. The strategy is to see [...]
5 Steps to Keep Bed Bugs Out
The old saying goes, “Good night, sleep tight… don’t let the bed bugs bite…” And if you live in New York, you may know more about that than you care to admit. From the story of your “friend’s” apartment to the recent closing of the AMC in Times Square, it’s no secret that bed bugs [...]
The Empire State Building vs. 15 Penn Plaza
Just two blocks west of the Empire State Building, the proposed 15 Penn Plaza looms already as a blight in the eyes of some. Among the questions on the horizon: How protected should the views of the Empire State Building’s City be? Are the contentious construction plans of the proposed 15 Penn Plaza something that [...]
Hide Your TV in Style
Television is embedded into our lifestyle, but somehow it’s hard to find a well-designed, good looking television set. But when you can’t find something that’s beautiful on its own for your home or apartment, another option is to find a beautiful way to hide it. And that’s what these ideas are all about. There’s the [...]
Playful Wallpaper Perceptions from Graham & Brown
Last week I saw a new set of wallpaper designs from Graham & Brown that caught my eye, played with my perception, and struck me as an innovative way to decorate a room. It’s not for every room in every apartment, but, hey, what is? If you are looking for something inventive, or just like [...]
New York’s Growing Delinquency Rate
New York City, by itself, has a higher loan balance than 47 of the 50 states. More than Texas; more than Nevada; more than Arizona. A new report from the Real Deal and the Trepp company puts the bad news in black and white, reporting that there are close to $4 billion in delinquent loans [...]
Short Sales Hit Manhattan
Incase you dont know a short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan. Search the recent sales listings and you’ll find dozens of advertised short sales, some being creative with their wording and saying something like “owner must sell.” Everything [...]
Sting’s Duplex Price Says Ouch!
After first listing it in 2006 for $24.9 million, Sting chopped the price on his 88 Central Park West duplex apartment to $19 million more recently- and the sale is now final at $17.75 million. That’s a 29% decrease from the original listing price. Someone may need to call the Police, the price dropped so [...]
Manhattan Market Report for 2nd Quarter, 2010
Manhattan 2Q 2010 Market Report The 2009 Manhattan real estate market is beginning, if slightly, to recede into the past. This year’s market is stronger than anyone could have hoped for last summer, which means we can all spend a little more time worrying about how to beat the heat than if sales are going [...]
The Luxury Market is Sitting Pretty
After being listed for just nine days, hedge funder John Read Taylor shelled out $22 million for an apartment at 1068 Fifth Avenue. Listed at $17.5 million, Taylor saw their price and raised them $4.5 million. That’s almost a 25% rise. The 4 bedroom, 4 bathroom co-op is designed “for preeminent collectors of contemporary art,” [...]