The Real Deal New York

Category: 2013 records

  • investment-sales-december

    From left: 237 Park Avenue, 36 Central Park South, Richard Baxter, Scott Latham, Yoron Cohen and Jon Caplan

    Click here to see the top five investment sales recorded in December.

  • Dottie Herman and 135 East 79th Street

    Dottie Herman and 135 East 79th Street

    Sky-high prices for trophy apartments drove the Manhattan condominium market to new records in 2013, according to an analysis of city records. Indeed, there were over 50 closings averaging $8.9 million or more in just four new luxury developments, the data show, pushing the median condo price to a record $1.3 million in the fourth quarter of 2013. [more]

  • A rendering of the Walker Tower, Donna Olshan and a rendering of 56 Leonard Street

    A rendering of the Walker Tower, Donna Olshan and a rendering of 56 Leonard Street

    The Manhattan luxury market had its biggest year since 2007, with 1,372 contracts signed at $4 million or above, totaling nearly $10.9 billion in sales, according to an end-of-year report from Olshan Realty. [more]

  • From left: 10 Madison Square West and 101 Leonard Street

    From left: 10 Madison Square West and 101 Leonard St

    While this year has been hailed as having a near-perfect confluence of factors driving New York City residential real estate, some industry leaders are predicting it could pass.

    Rising demand for sparse Manhattan condominiums combined with a no-holds-barred attitude towards luxury development has shattered records, with the average contract price exploding 60 percent in the third quarter of 2013 to a record $3.43 million, according to the Corcoran Sunshine Marketing Group. [more]

  • Shattered records of 2013

    December 27, 2013 11:00AM

    From left: 435 East 52nd Street and a rendering of 606 West 57th Street

    year_in_reviewNew York managed to shatter several real estate records in 2013, a banner year for condominium sales and ambitious residential developments. Here’s a recap of the barriers broken over the last year. [more]

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  • 105-lexington

    From left: 105 Lexington Ave. and Alexander Maroni

    A Bedford-Stuyvesant condominium unit sold for a record $1.25 million, topping another unit in the building as the most expensive condo sold in the neighborhood.

    The three-bedroom, two-bathroom duplex penthouse features 1,648 interior square feet and a 657-square-foot private roof deck, plus 13-foot ceilings. In July, a two-bedroom, 1,559-square-foot penthouse condo at the building, known as Lot 58 Lofts, closed for $999,000, as previously reported. [more]

  • Debt tied to real estate development, also known as dirt bonds, is set to be the top performer in the $3.7 trillion state and local bond market in 2013, as the rebounding housing market ushers in greater investor returns. [more]