The Real Deal New York

Posts Tagged ‘Citi Habitats’

  • citi-habitats

    From left: Citi Habitat’s Peter j. Sobeck, Eugene Litvak, Gary Malin, Candace Medina and Roy Silber; Sofia Corradini, Allan Gewurtz and Adelya Terranova

    Citi Habitats’ Litvak team, led by broker Eugene Litvak, took home top honors at the brokerage’s annual awards ceremony, which was held at Espace in Midtown. [more]

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  • 5 cheapest Manhattan sales of the week

    January 27, 2014 01:15PM
    The apartment at 345 East 81st Street

    The apartment at 345 East 81st Street

    An Inwood co-op that sold for $216,000 was the cheapest single-family deal last week in Manhattan. The apartment was in a 50-unit building at 25 Indian Road, but no broker information was available on StreetEasy. [more]

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  • From left: Huma Abedin and Anthony Weiner, 400 23rd Street

    From left: Huma Abedin and Anthony Weiner, 340 23rd Street

    A Citi Habitats broker who spoke to the press about Anthony Weiner’s search for a cheaper apartment in Gramercy Park was bashed by the formal mayoral candidate on Wednesday.

    After showing Weiner and his wife, Huma Abedin, a three-bedroom rental at 340 East 23rd Street with an asking price of $8,000, broker Brian Morgan told the New York Post all about the tour for Page Six, according to the New York Observer. [more]

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  • manhattan-average-rents-2013

    Manhattan average rents for 2012 and 2013 (Credit: Citi Habitats)

    Landlords in Manhattan and Brooklyn acted aggressively at the sluggish end of 2013 in an effort to boost building occupancy, even if that meant making concessions, according to Jonathan Miller, president and CEO of Miller Samuel. [more]

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  • From left: Gary Malin and David Behin

    From left: Gary Malin and David Behin

    year_in_reviewIt’s been an active year (to say the least) for New York City real estate, so it should come as no shock that the number of real estate agents and brokers licensed in the five boroughs has increased. [more]

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  • Jodi

    Jodi Ann Stasse

    From the December issue: One year after winding down its new development marketing efforts, rental brokerage giant Citi Habitats has relaunched the division under new leadership.

    Jodi Ann Stasse, the founder and former president of Stasse & Co., a now-defunct national real estate sales and marketing firm, has been tapped to lead the division. Citi’s reconstituted new development marketing arm will offer market research, unit mix and site planning, design work, and on-site sales and leasing for developers of rental and condominium projects. [more]

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  • manhattan-rents-oct

    Manhattan rents in October (Credit: MNS)

    Still cooling off from the summer, Manhattan rents in October declined for the second month in a row over the previous year – and only the second time since June 2011, according to a monthly Douglas Elliman rental market report released today. [more]

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  • 40-07 73rd Street

    40-07 73rd Street

    JMC Holdings has paid $20 million for a mixed-use building in the Jackson Heights neighborhood of Queens that it is already touting as a home for white-glove renters.  [more]

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  • A Hell's Kitchen penthouse at West 42nd Street and a chart showing the rental price of an apartment labeled “Penthouse” vs. Top floor  (Credit: Dan Bamberger)

    A Hell’s Kitchen penthouse at West 42nd Street and a chart showing the rental price of an apartment labeled “Penthouse” vs. Top-floor units (Credit: Dan Bamberger)

    Landlords are charging more for top-floor apartments that they call “penthouses,” according to new research from Citi Habitats, a brokerage that specializes in  apartment rentals. The penthouse label brings the most revenue for units in the middle and lower price tiers  – $10,000 a month or less; adding “PH”  tacks on an average of $1,355, or nearly 30 percent. [more]

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  • Realogy transactions jump 29 percent in Q3

    November 04, 2013 06:00PM
    realogy

    Realogy CEO Richard Smith

    Realogy Holdings, the public real estate conglomerate whose brands include the Corcoran Group, Citi Habitats and Sotheby’s International Realty, saw a 29 percent jump in its volume of home sale transactions year-over-year, the firm reported in its third quarter regulatory filings.

    Third-quarter revenue climbed 21 percent to $1.55 billion from $1.28 billion, while its income was $150 million, the company said. NRT, the parent company of Corcoran and Citi Habitats, saw a more modest 17 percent gain in home sale transactions. NRT’s average home sale price was $476,000, nearly double the national average and 8 percent more than in the same period in 2012. [more]

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  • From left: Lawrence Zhou and Lee Lin

    From left: Lawrence Zhou, Lee Lin

    Apartment search company RentHop has released a new mobile app aimed at rental property managers. The app will allow property managers to broadcast their location in real-time and immediately schedule showings with renters on the prowl for apartments. The app also allows managers to update listings data on-the-fly, the company said. [more]

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  • From left: Jonathan Miller and Dan Bamberger

    From left: Jonathan Miller and Dan Bamberger

    Brokers have been asking buyers to take price-per-square-foot numbers with a grain of salt, as listings have no uniform standard for measuring square footage and are often misleading.

    Some listings, for example, may include closets, hallways and even elevator shafts as part of the square footage, while others go with simply the actual amount of usable space inside an apartment. Still, “usable” can be defined in myriad ways. [more]

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  • MNS rental report September 2013

    MNS rental report September 2013

    Rents in Manhattan may have finally hit a plateau in September, as a spring spike in mortgage rates shunted some renters into the sales market and the vacancy rate edged up to the second-highest level in three years, according to a monthly Douglas Elliman rental market report released today.

    The median rent in the borough slipped 3.1 percent year-over-year to $3,095 per month, the first such decline since June 2011, while the average rental price per square foot dropped 2.6 percent year-over-year to $51.25. The number of new rental listings jumped 35.9 percent year-over-year, demonstrating that tenants continue to resist rising rents when their leases are up, choosing to move instead, and leaving apartments that hit the market, according to Miller Samuel CEO Jonathan Miller, who authored the report. [more]

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  • citi-habitats-emd

    Joe Azar and 37 Third Avenue

    Citi Habitats has hired a familiar face as the new senior managing director at the East Village office, the residential brokerage told The Real Deal exclusively.

    Joe Azar is returning to the firm after serving as an agent at Town Residential. He started his career at Citi Habitats, having worked there for seven years. He was named “rookie of the year” in his first year at Citi Habitats and was ranked among the top 25 producers in rentals and sales in the years to follow. [more]

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  • New York by Gehry at 8 Spruce Street

    New York by Gehry at 8 Spruce Street

    Forest City Ratner’s residential skyscraper New York by Gehry is renewing tenants’ leases without spiking the rent, possibly signifying a plateau for the high-end rental market. [more]

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  • Average rents (courtesy: Citi Habitats)

    Average rents (courtesy: Citi Habitats)

    The pace of rent growth in Brooklyn continues to outshine that of Manhattan, although rents in both boroughs remain at record highs, according to July reports from leading brokerages released today.  [more]

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  • From left: Fabrizio Uberti-Bona, 157 Columbus Avenue, 222 West 72nd Street and 465 Columbus Avenue

    From left: Fabrizio Uberti-Bona, 157 Columbus Avenue, 222 West 72nd Street and 465 Columbus Avenue

    Citi Habitats is shuttering its two Upper West Side offices in favor of a larger, single location in the neighborhood. [more]

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  • Gordon Golub and Jason Saft

    Gordon Golub, first to an executive post at a real estate-themed start-up, and Jason Saft

    Jason Saft, a Town Residential broker, has followed his former Citi Habitats colleague Gordon Golub to an executive position at real estate-themed tech startup Urban Compass, he told The Real Deal.

    Saft, perhaps best known for selling a $5.65 million Wooster Street pad to filmmaker Barry Levinson earlier this year, was at Town for four months. [more]

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  • Figures from Citi Habitats

    Figures from Citi Habitats

    Rents in the County of Kings are matching the heat outside, as June apartment rents rose to what is likely the highest ever, while rents in Manhattan stayed firm, reports released today by leading residential brokerages show. [more]

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  • Lights, camera, profit!

    June 14, 2013 04:30PM
    HBO’s “Boardwalk Empire”

    HBO’s “Boardwalk Empire”

    From the June issue: Even in today’s market, some listings will sit unsold, of course. A mansion in Yonkers with interiors dating to the 16th century, an architecturally unique Park Slope mansion asking $18 million — these homes may take a moment to find the perfect buyer. One way for the seller to pocket big bucks in the interim is to rent out the listed space to film and television shoots. [more]

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