From left: Donna Olshan, Dexter Guerreri, Lisa Lippman, Greg Kammerer, Jeffrey Stockwell and Ron Lense
From the July issue:The legendary Upper West Side institution H & H Bagels may have unexpectedly shuttered last month, leaving residents without piping hot sesames and poppies, but don’t take that as a sign of the times for the rest of the neighborhood.
Residential real estate in the area seems to be rebounding stronger than many of its counterpart neighborhoods in Manhattan, at least for desirable properties.
In this month’s Q & A, brokers who specialize on the Upper West Side told The Real Deal that business, while not quite back to normal, has vastly improved over the last year, especially for new luxury rentals and large family-sized apartments.
There are pockets of weakness and slow-moving properties — anything evenly remotely perceived as overpriced, anything in need of renovation and anything small (inventory for studios and one-bedrooms is high). Indeed, one broker said that he’s seen studios and one-bedrooms that were selling for $600,000 at the height of the market, now listed in the high-$300,000-to-low-$400,000 range. So there are deals to be had. [more]
