After two decades of planning and years of delays, the Hunters Point Library is finally opening in Long Island City.
This new branch of the Queens Public Library was first proposed for the neighborhood in 1999, but it took more than 10 years for concrete plans to materialize.
The road here was bumpy, to put it lightly—and when all was said and done, the total cost of the library was more than $40 million.
Dennis ...
Continue Reading →Posted by:
Excluding mergers and portfolio deals, cross-border investment in the Big Apple has dropped off noticeably since the boom years, according to data from Real Capital Analytics.
Foreign buyers acquired just under $8 billion worth of commercial property in the five boroughs in 2017 and $9.5 billion last year, down from about $20.2 billion in 2015 and $15.8 billion in 2016.
“Ultimately, there’s really no way to get back to where investment was in 2015 and 2016 ...
Continue Reading →Posted by:
Is this a fake recovery or a real one? That’s the question.
The second quarter of 2019 was probably an odd one because the new transfer and mansion tax rates kicked in starting July 1st, which means there are now higher closing costs for buyers of luxury properties. It follows that there was a rush to buy this kind of properties before the July 1st deadline.
Posted by:
As housing demand has risen along the Bronx’s Grand Concourse, so have prices, The Real Deal reports. A recent analysis by real estate database PropertyShark found that the median home sales price along the boulevard surged 68 percent between 2014 and 2018. In addition to being a gateway to the Bronx from Manhattan, the area has its own cultural scene and history (it’s home to Yankee Stadium).
Investment activity picked up after 2015, with more than ...
Continue Reading →Posted by:
One Hundred-Twenty one contracts were signed at $4 million and above, 33 more than the last month, a solid performance in the Manhattan luxury real estate market despite the general market trend, growing compared to four weeks ago.
Total Monthly Asking Price Sales Volume goes to $1,097,762,000 bringing the Average Sales Price to $9,072,413 ...
Continue Reading →Posted by:
Spectacular views that only crime could pay for. For 43 years, inmates inside the caged rooftop recreation yard of Harlem’s Lincoln Correctional Facility could stretch their legs while luxuriating in the unobstructed sights of Central Park and the city’s sprawling skyline to the south. Now the facility is poised to close — and the jailhouse is suddenly Manhattan’s hottest piece of high-priced real estate.
The W. 110th St. (aka: Central Park North) property, opened as a prison in 1976, will be ...
Continue Reading →
