Posted by:
Every week we hear of multi-million dollar properties going on the market and sometimes the asking price seems exorbitant, and it really is! With this report we will take a closer look at the numbers of the Manhattan Luxury Real Estate Market, giving you the opportunity to get an idea of what the actual selling price of these luxurious properties ...
Continue Reading →
After nearly five years of construction, located at 32 West 76th St., the most expensive Upper West Side townhouse is finally hitting the market at the price of $27.5 million.
Situated just off Central Park, the residence comprises six bedrooms and eight bathrooms and spans a massive 10,635 square feet. The entire townhouse was rebuilt from the ground up, with construction beginning in 2015.
Amenities include a high-speed elevator, a home gym, an indoor basketball court, a wine cellar, a luxurious outdoor space, and an expansive roof deck with an outdoor kitchen.
“Eventually it all worked out, but the basketball ...
Continue Reading →
According to a recent Zumper’s report, the city’s median rent for a one-bedroom apartment — $2,680 — is currently the second-highest in the nation, only $40 behind San Francisco’s $2,720, and New York City has seen much more growth than San Francisco in recent months.
The city posted a 4.3 percent month-over-month gain in median one-bedroom rent in July, making prices just 5.6 percent lower than they were this time last year; in comparison, San Francisco prices are currently down 15 percent compared to the previous year.
“With the COVID vaccine widely available, renters are adapting to a ...
Continue Reading →Posted by:
The Covid-19 pandemic has made it almost unrealistic for international investors to purchase real estate in New York City and the United States in general. Either because of some objective impediments such as travel restrictions or uncertainty about what would happen at the market level, especially luxury and high-end investments.
However, some real estate agents, including us, are seeing a rebound in international interest.
With the easing of restrictions and pandemic measures, overseas buyers are enticed by the idea of getting discounts and the feeling that this window of time is already closing. In fact, according to the consistently ...
Continue Reading →
Adams was heavily supported by business interests and real estate in particular. However, that was not the primary reason he won the Democratic primary, nor does it mean he will be in developers’ pockets when he takes office in January: His campaign platform calls for “aggressive” housing construction, but he has also blamed development for increasing rents in communities of color, criticized Brooklyn developers and recommended slashing the height of proposed towers that were opposed by NIMBY groups.
Adams, the Brooklyn-born son of a house cleaner and a butcher, and former captain in the ...
Continue Reading →Posted by:
The next generation of subway cars is poised to hit the rails.
MTA unveiled their long-awaited R211 subway cars. Officials literally pulled a curtain to reveal the city’s first look at what could be a 1,600-car fleet crisscrossing subway lines.
Passenger service with the cars likely won’t start until September 2022, said Demetrius Crichlow, executive vice president and COO of New York City Transit. “We start qualifying and testing within the next few weeks, ...
Continue Reading →