Invested in the Past? Buyers and Sellers at Opposing Ends of the Bargaining Table

By Mark Heschmeyer
Much has been made of the impact of the credit crunch on the slowdown of commercial real estate investments. But just as impactful as the lack of available credit right now, is that buyers and sellers have not yet come to terms with the the ‘new reality’ and remain at opposite extremes in [...]

All Starbucks Closing Tomorrow: WHAT?

Where will Britt and the rest of us go?
Tomorrow evening, starting at 5:30 p.m. (local time), your neighborhood Starbucks is closing. Yes, yours — and yours, too. (If you live in the U.S., that is.) CEO Howard Schultz has ordered this emergency intensive remedial training, hopefully giving baristas valuable skills they should have learned in [...]

What’s Selling

Contract Signed Report.
Significant observations in trend are as follows:
Average Sales price increased to $1.9M from $1.6M
Discount from last asking price decreased to -.5% from 2.7%
- due to a number of over bids on asking prices
Discount from original asking price decreased to 2.7% from 3.5%
Transactions sold at ask or above are strong at 44%
Median number [...]

Residential Rental Buyers Adapt to Today’s Market

By MICHAEL STOLERFebruary 21, 2008
As the second month of 2008 comes to an end, members of the real estate community are beginning to accept the fact that the market has seen a price correction. Purchasers of residential rental property in New York City have had to adopt a whole new terminology, with phrases like “all-cash [...]

How Green Is My Realtor

By SARA SCHAEFER MUÑOZFebruary 19, 2008; Page D1
In a bid to stand out in a sagging housing market, an increasing number of real-estate agents are marketing themselves as eco-friendly — connecting environmentally conscious buyers to “green” homes and helping sellers make their homes more eco-sensitive.
These agents are promoting their knowledge of eco-friendly and energy-efficient properties [...]

12 Most Common Taxpayer Mistakes

Ok so this has nothing to do with real estate, but noteworthy this time of the year!
The Dolans’ Dirty Dozen
How many pages long is the United States Tax Code? If you guessed 18,500, you win the prize. So, it’s no wonder that so many of us make mistakes when filing our federal income tax forms. [...]

211 Pearl Street Update

New pics…show whats happening on Pearl Street…Seems like the folks at Curbed dont think this has much merit.
The only thing slightly more ridiculous than the preservation of the flimsy façade of 211 Pearl Street (while its historic neighbors were obliterated) is what Rockrose Development Corp. plans on doing with it. A Curbed tipster dropped by [...]

A League of Their Own

February 10, 2008
Big Deal
By JOSH BARBANEL
AVERAGE apartment sale prices in Manhattan soared last month to the highest levels ever, showing the tenacity and power of the luxury market.
With at least 15 closings at the expensive new condominiums at 15 Central Park West, and a steady stream of sales at the most exclusive co-ops, including a [...]

Open House Manhattan New York City

Come On Down
Just reduced, under $1 Million
Two Bedroom and Two Bathroom Co op on Madison Avenue
Open House Sunday February 10th
12-130 pm- bring or send your buyers!!
ASKING $1,099,000

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Top 100 New York Condos

And the winners are….
The NY Condo Blog has put together a 1-100 ranking of Manhattan condo buildings, based on location, layouts, interior finishes, amenities, and investment potential. The Zeckendorfs’ record-setting 15 Central Park West is #1 and The Plaza is #2, Ian Schrager’s 50 Gramercy Park North takes the bronze.
Top 100 New York Condos [NYCondoBlog]

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