As New York’s condo market becomes increasingly oversupplied with large, luxurious four and five bedroom units, market for townhouses has cooled off. Once a symbol of the ultimate ‘I Made It’ status, townhouses (which represent 2.5 percent of all Manhattan sales) have languished in price. The median sales price for a Manhattan townhouse fell by 5.3 percent last year to $4.97 million after several years of consecutive increases and the number of days spent on the market averaged 164 in ...

With the beaches to its east, Wynwood Arts District and the airport to the west, downtown Miami to the south and the Design District to the north, East Edgewater presents an attractive opportunity the city has seen since Miami Beach’s South of Fifth neighborhood transformed from a rundown area to now one of the most valuable destinations.

In the 1930s, East Edgewater was home to Miami’s wealthy individuals but by the 1980s, the zone had fallen into disrepair. Then came the ...

The New York City Economic Development Corporation and the city’s Department of Parks and Recreation have issued a request for proposals, or RFP, for the creation and operation of new rides, games and other attractions in Coney Island. Specifically, the RFP includes 150,000 square feet of space on five vacant lots along the boardwalk between West 10th and 16th streets that make up Amusement District. Proposals are due mid-March, and the city is hoping the new amusements open by summer ...

Russian buyers are well known for their love of real estate and have been active in Miami for quite some time… but now they appear to be more interested than ever before. In fact, searches originating from Russia topped the list of international interest in miamire.com — the official website of the Miami Association of Realtors — in November 2016. This is striking for two reasons: Firstly, this is the first time Russia has led other countries like Brazil, Venezuela, ...