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Brooklyn’s real estate – particularly in Bushwick – lights up
Bushwick, Williamsburg’s neighbor to the East, has become an increasingly desirable area, as artists looking for cheap, large space found solace in the embrace of the neighborhood’s commercial loft spaces. Another factor contributing to Bushwick’s appeal is the influx of art galleries and pop-ups that have recently moved into the rows of warehouse spaces. Both occurrences are the seeds for residential real estate investment, but the shift is not bound …

“The Lord of the Numbers” in New York City Real Estate is Mr. Jonathan Miller. His appraisal firm, Miller Samuel, is without a doubt the most noticed and respected in town. Recently, Mr. Miller declared that now is the best time to buy a residential piece of property in the Big Apple since 2006.
Why does he think so? The difference between the cost (in terms of cash flow) of buying and renting is the narrowest in the last six …

Across the pond, affluent citizens from France, Britain and other European nations who are increasingly concerned about their assets due to the deepening euro zone’s sovereign debt crisis are flying to buy one of the world’s most stable investments: Manhattan real estate. As a result of the demand from overseas, New York’s condo values are expected to increase, enabling the foreign investor to use cash to generate returns with a resale and avoid high taxes at home. To …

As the weather heats up, so does Harlem real estate
Since Q1 2011, Harlem — particularly Central Harlem — has seen a 6.6% increase in median closing price — according to StreetEasy.com. This is the highest of any neighborhood in the city. Of note is One Museum Mile with condos above the Museum for African Art at 1280 Fifth Ave. Some units have been selling for as much as $3.1 million! A few blocks away is 1214 Fifth Ave — …

The inventory, meaning the number of available apartments for sale in Manhattan, keeps shrinking. In April, the number of units on the market was 6,980 versus 7,834 during the same month last year. (source: Urban Digs).
The speed at which the market is moving is definitely back to high levels. There are lines of people at open houses if the property in object is priced correctly. And we are not just talking about curious observers. People are now ready to …

Data compiled by the appraisal firm Miller Samuel shows that sales activity has been regaining momentum speedily over the first months of the year after the international economic uncertainties that affected the end of 2011. During the first 2012 quarter sales volume of Manhattan apartments (condo + coops) went up 14.9% compared to the previous quarter.
An interesting trend is that first time buyers are gradually becoming more numerous and therefore a higher number of small apartments (traditionally bought by …