The Real Deal New York

Posts Tagged ‘Citi Habitats’

  • Eugene Litvak and Robert Reffkin

    Eugene Litvak and Robert Reffkin

    Citi Habitats’ top-producing broker team has decamped to Urban Compass.

    The 10-person Litvak Team, led by Eugene Litvak, will help spearhead the opening of a Brooklyn office for Urban Compass within the next six months, CEO Robert Reffkin told The Real Deal. “We plan to invest a lot in growing Brooklyn,” he said. Of Litvak, he added, “We’ll start growing Brooklyn around him and other agents.” [more]

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  • From left: Carol Nemeroff, Elaine Mayers, Talia Schor and Joe Snyder

    From left: Carol Nemeroff, Elaine Mayers, Talia Schor and Joe Snyder

    Veteran broker Elaine Mayers will be joining Town Residential, she announced on Thursday.

    Mayers, who has been with Citi Habitats for the past eight years, will bring team members Carol Nemeroff, Talia Schor and Joe Snyder with her to her new position.

    After eight years at Citi Habitats, Mayers said, “it’s time to make a change.” [more]

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  •  

    From left: Citi Habitats' Gary Malin and Urban Compass' Robert Reffkin and Ori Allon

    From left: Citi Habitats’ Gary Malin and Urban Compass’ Robert Reffkin and Ori Allon

    This story was initially published yesterday at 8:15 p.m. It has been updated with the court’s ruling on the order below.

    Following a lawsuit filed by real estate brokerage Citi Habitats, which accused rival Urban Compass of hacking into its proprietary listings database, a judge has granted a restraining order against the tech startup, preventing it from accessing the database. But the court did not grant Citi Habitats’ request that the court halt Urban Compass’ own software development — which Citi Habitats argued may improperly utilize data gleaned from its system.

    The ruling, by Judge Jeffrey Oing, came on the same day that Citi Habitats sued Urban Compass — the second time Urban Compass was hit with a lawsuit in two months accusing the startup of stealing trade secrets. [more]

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  • From left: Richard Smith and Realogy headquarters in Madison, N.J.

    From left: Richard Smith and Realogy headquarters in Madison, N.J.

    Realogy Holdings — the public real estate conglomerate whose brands include the Corcoran Group, Citi Habitats and Sotheby’s International Realty — is buying technology company ZipRealty for $166 million. [more]

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  • Lobby

    Citi Habitats’ office at 665 Broadway

    Two years into Citi Habitats’ rebranding effort, the brokerage is launching a new listings database in conjunction with the Corcoran Group. [more]

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  • Median rents in

    Median rents in Manhattan and Brooklyn in April

    Manhattan rents in April hit their highest median price since 2009, according to Douglas Elliman’s monthly rental market report. Rents in the borough also registered a second consecutive month of increases following six straight months of decline. [more]

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  • From left: Rendering of a kitchen at 737 Park Avenue, formal dining room at 155 East 79th Street and kitchen at 69 East 86th Street

    From left: Kitchen at 737 Park Avenue, dining room at 155 East 79th Street and kitchen at 69 East 86th Street

    Open kitchens and dining areas have lately featured prominently among New York City’s poshest apartments. But that is changing as an increasing number of home seekers look for separate kitchens and formal dining rooms, prewar design concepts that are newly en vogue. [more]

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  • 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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