The Social Network
This month The Real Deal magazine reports on some of the most influential technology entrepreneurs’ NYC pads.
I found interesting how Sean Parker, Napster and Facebook cofounder, once reportedly described his character in the movie The Social Network (played by Justin Timberlake) as a “morally reprehensible human being”. The thing is that his bachelor pad called Bacchus House, bought in 2012 for $20 million and featuring an indoor pool, a private garage and an entire New York ...

Average Manhattan rent tops $3,400
The average Manhattan apartment rented for $3,453 in September 2012, according to the September rental report from Citi Habitats. These days, the market for residential rentals in Manhattan is very strong – and various industry reports indicate that the rental market isn’t slowing down any time soon. In fact, Prudential Douglas Elliman’s monthly report reveals that the average number of days a Manhattan apartment spends on the market year-to-date — 39 per listing — is ...

At $90 million dollars the Woolworth Mansion located at 4 East 80th Street is currently the most expensive townhouse listed in the city. If sold at that price it would be a new record.
The listing was active through most part of last year until early September when it was taken off the market for a brief period. It is now back on the market.
The home rises to seven stories, has 10 bedrooms, 11.5 bathrooms and three kitchens. Other ...

Obama vs. Romney: who is receiving more $ from the NYC real estate industry?
Data from the U.S. Federal Elections Commission shows that Obama, surprisingly, is getting more money than Romney from the city real estate players so far in 2012.
During the first eight months of the year, Obama’s campaign collected 921 donations worth $300,064 from New Yorkers working in real estate. During the same period Romney’s campaign was given 270 contributions worth $239,776.
This scenario is a complete ...

When One57, the highly anticipated Extell development at 157 West 57th Street, is completed sometime next year, it will stand 1,005 feet tall with 90 stories – making this the tallest residential building. Sales began in November 2011 and about 60% of the units are sold to-date. Certainly the buzz around the building is not concerning the developer Gary Barnett. What does have him more than concerned is a possible gripe fest in the tower’s top 15 floors, where the ...

There aren’t many players in the NYC real estate industry who are complaining nowadays. The market has been steadily improving since the beginning of the year. According to the real estate data firm Urban Digs, there were 2,856 Manhattan homes under contract in the first eight months of the year, about 30% more than the same time in 2011. Also there were 5,292 active listings, or about 22 percent less than a year ago.
New developments brought to market recently ...