One Is The Loneliest Number…For Bedrooms That Is!

As written in the NY Times, One bedroom onwers may want to consider renting if possible over selling. The inventory of one-bedroom apartments in Manhattan  continues to rise,  according to the article it is because apparently buyers, particularly first-timers, can’t get mortgages.

By  Christine Haughney
OWNERS of one-bedroom apartments in Manhattan may be surprised if they put their [...]

Hot Off The Press..2nd Quarter 2008 Manhattan Market Overview

The report is in and ready to review. For full report click here: Manhattan Market Overview 2Q08

Highlights
Like last quarter, the number of sales continues to remain below levels seen at the same period in the previous year. To date, however, 2008 sales are at a higher level, and inventory is at a lower level than [...]

NYC Abatement Program Extended For Four More Years

This past May, The NYS Legislature passed the continuation of the abatement program for homeowners in New York. This will continue through June 11, 2012. This is the fourth time that this tax abatement was extended since first enacted in 1996. The new law mandates that the City develop a better program  and more permanent plan [...]

Top 10 Condos in NYC for 2009

It is not a new skyline above, or is it?  As you can see there is a different view shaping up in Manhattan.  With sleek styles and unique shapes NYC is getting a few new profiles to the famed Manhattan Skyline.
The top ten list is in compiled from varying sources.  Some of these are amazing [...]

The Real Deal: Condos On The Chopping Block

As sales have slowed and inventory has grown, developers are clamoring to move new development condo units, many by adjusting prices and/or offering incentives to buyers and brokers alike.

Price cuts are outpacing price increases, and prices appear to be falling on the whole in the two most active boroughs for development, Manhattan and Brooklyn, particularly [...]

May Sales Statistics for Manhattan Real Estate

The month of May held it’s own, while some things went up others went down but most importantly things are moving.  In a recent post, New York City Real Estate, Is It Hot Or Not?  I spoke to the pricing perspective. If you hit it right your property will sell.
 
Have a look at these recent [...]

Selling Stats for the Weeks 4-18-08 thru 5-2-08

Weeks ending 4/18/2008-5/2/2008
 
Average Sales Price   $1.5M
Ranges of Sales: $350,000 - $9 Million
(53% Sold Below $1MM)
 
Discount from last asking price increased to 4% from 3%
Discount from original asking price increased significantly to 8% from 6%
Transactions sold at ask or above decreased significantly to 29% from 44%
 
Total Days on Market to Contract Signed 149 Days
Number of days [...]