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Blog

September 18, 2013
Legendary!

Neil Patrick Harris, Tony Awards host and “How I Met Your Mother” star, his fiance David Burtka, and the duo’s two-year-old twins are moving into a $3.6 million townhouse in Harlem.
Harris and family recently purchased the 8,000-square-foot, five-story, five-bedroom home, located at 2036 Fifth Avenue. The property includes two terraces, a backyard and a chef’s kitchen.
The duo’s previous home was in Harlem as well.

by Riccardo Ravasini
September 18, 2013
open houses are getting very busy

In the past, open houses were sleepy, unhurried Sunday afternoon affairs, offering brokers and their clients plenty of time to explore for-sale apartments. Often, they’d have the place to themselves. During the course of the sales process, it was not uncommon for the listing broker to host three or four separate open houses.
But that’s changed dramatically in the face of the city’s inventory shortage. There were 4,795 available Manhattan homes on the market in the second …

by Riccardo Ravasini
September 18, 2013
Foreign Investments

In recent months, New York City has surged ahead of its biggest global rivals, London and Tokyo, with more dollar volume in real estate investment than any other city in the world.
And it may soon get even easier for foreign investors to buy a piece of the Big Apple: the proposed Real Estate Investment and Jobs Act of 2013, which is currently being pushed by several members of Congress including Queens’ Congressman Joseph Crowley, would allow …

by Riccardo Ravasini
August 28, 2013
Chinese Love “Falasheng”

A new breed of Chinese investors is making big bets on real estate in Queens, the New York Times reported.
The pool of Chinese investors has expanded from high-net-worth individuals with an eye for trophy Manhattan properties to upper-middle-class buyers more willing to diversify their bets. A favorite neighborhood is Flushing in Queens.
Indeed, buyers from mainland China can now account for as many as half of the buyers at new condominium buildings in “Falasheng,” (as the area is known …

by Riccardo Ravasini
August 18, 2013
Dear God, please keep the CC low

Low common charges have always been a factor of attraction for buyers on the hunt for a luxury condo.
Across the city, board members are looking for creative ways to reduce common charges and, at the same time, beef up amenities. The goal: to make their buildings as attractive as possible to home seekers as well as to current residents.
This month, The Real Deal magazine ranked condos in Manhattan below 100th Street with more than 50 units, then delved …

by Riccardo Ravasini
July 26, 2013
stacking new homes in Inwood

Inwood, the northernmost neighborhood of Manhattan, is getting a dose of city real estate innovation. A seven-story, 28-unit prefabricated modular concrete and steel residential and commercial development called “The Stack,” is now constructed at 4857 Broadway. The 38,000-square-foot building will include 4,000 square feet of commercial space and 22 market and six low-income studios, along with one, two and three-bedrooms.
What’s interested about this building is that each of the 56 separate modules …

by Riccardo Ravasini
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