The Real Deal New York

Posts Tagged ‘donna olshan’

  • In their words

    August 26, 2014 04:40PM
    From left:

    From left: Congressman Charlie Rangel, Donna Olshan and David Walentas

    From the August issue: In this month’s in their words feature, Congressman Charlie Rangel offers his two cents on what he sees as the absurdity of government assistance for luxury housing projects. Olshan Realty’s Donna Olshan worries about having too many Midtown condos on the market at the same time. Lastly, Two Trees’ David Walentas does not mince his words when talking about Mayor Bill de Blasio. Click here to see more.

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  • ghost-TOP

    Are “ghost” listings on the rise?

    Home seekers in New York City are growing wary of “ghost” listings used to lure in buyers.

    In the past, agents have been known to use old or fabricated listings on brokerage websites as a ruse to get buyers on the phone — brokers would then say the home had sold and immediately pitch another property, usually less appealing. But the incidence is reportedly on the rise, reportedly because of a shortage of properties to market or increased direct communication between buyers and brokers via websites. [more]

    5 Comments
  • From left: Exterior of 18 Gramercy Park, rendering of a unit

    From left: Exterior of 18 Gramercy Park, rendering of a unit

    More high-end buyers in New York City are opting to live in buildings with fewer — but spacious — units, according to agents and developers. [more]

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  • olshan-898-park

    898 Park Avenue (Inset: Donna Olshan)

    A dismal nine condominiums and co-ops priced at $4 million and up entered contract last week in Manhattan, according to a weekly luxury market report from Olshan Realty released today. [more]

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  • StreetEasy redesign rankles users

    October 04, 2013 10:41AM

    From left: the old StreetEasy vs. the new design

    It was a rough couple of months for New York City brokers who rely on technology — and, really, isn’t that nearly all of them? Not only did the Real Estate Board of New York roll out its new, long-awaited listings transmission system (which some had doubts about) and Apple unveil its much-maligned new operating system, but StreetEasy debuted a website redesign that has rankled brokers and inflamed some consumers. [more]

    6 Comments
  • From left: River House and 860 and 870 United Nations Plaza

    From left: River House (Image via CityRealty) and 860 and 870 United Nations Plaza

    New York’s notoriously stuffy co-ops are taking off their coats and ties, trying to snag those coveted younger buyers who are much more interested in condominium living. They’re doing everything from allowing the privacy-obsessed to put the name of a trust or limited liability company on the contract — a popular option that condos give — to speeding up the application process. A few have hired public relations consultants. [more]

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  • The ongoing financial crisis has made many prospective condominium buyers reluctant to buy based on specifications alone, the Wall Street Journal reported, but one Tribeca whole-block warehouse conversion project, between Hubert and Laight streets, is bucking the trend.

    The Elad Group’s 250 West Street is drawing strong interest, the Journal said, thanks to its large units, and is selling despite the fact that it won’t be completed till fall 2012. Twenty-two buyers have reportedlt signed contracts so far in the 111-unit building and 11 more have made deals to purchase, but have not yet gone into contract.

    “Believe it or not, we have a market going, despite a global financial collapse,” said Donna Olshan, president of Olshan Realty and publisher of a newsletter on apartments selling for more than $4 million in Manhattan. Last week four of 10 such sales were at 250 West Street, she said.
    [more]

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  • The Laureate, a penthouse at the building and Shlomi Reuveni of Brown Harris Stevens Select (illustrations by Dbox)

    The Stahl Organization’s the Laureate hit the market at 2150 Broadway just six weeks ago, but the Wall Street Journal has already declared the property the “top-selling new luxury condo” in Manhattan. The 20-story, Beaux-Arts project, whose three-to-seven-bedroom units range in price from $2.5 million to $11 million, has accounted for almost one-quarter of the 103 signed contracts above $4 million since sales launched there Feb. 28, according to Donna Olshan, who tracks high-end apartment sales at her residential brokerage, Olshan Realty. On average, condos at the SLCE Architects-designed building, at 76th Street, are going for $6 million, or $2,350 per square foot — twice the current average per-square-foot price of new Upper West Side condos. … [more]

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  • $4M-plus Manhattan market sees Xmas surge

    December 29, 2010 09:24AM

    The luxury Manhattan residential market is ending on an optimistic note this year, with nine apartments asking more than $4 million going into contract last week, Crain’s reported. That’s up from zero apartments of that caliber during the Christmas week last year, according to Olshan Realty, which has been tracking the high-end market for years for its clients but only began releasing its data to the public last month. … [more]

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  • The cost of a view

    June 10, 2010 04:30PM

    A new price breakdown shows how much co-op and condo owner pay by floor

    alternate textClick image to see a floor-by-floor chart of average prices

    It is not exactly breaking news that prices go up with an apartment’s floor number. But just how much they go up may surprise you. At The Real Deal‘s request, Jonathan Miller, president and CEO of the appraisal firm Miller Samuel, analyzed closed 2009 co-op and condo sales in Manhattan. The results show that not all floors are created equal when it comes to price jumps. The first floor was the odd man out, and the only one where per-square-foot prices were below $800. The second floor logged the first major “price break” — a 19 percent jump.

    [more]

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  • The cost of a view

    June 10, 2010 04:30PM

    A new price breakdown shows how much co-op and condo owner pay by floor

    alternate textClick image to see a floor-by-floor chart of average prices

    It is not exactly breaking news that prices go up with an apartment’s floor number. But just how much they go up may surprise you. At The Real Deal‘s request, Jonathan Miller, president and CEO of the appraisal firm Miller Samuel, analyzed closed 2009 co-op and condo sales in Manhattan. The results show that not all floors are created equal when it comes to price jumps. The first floor was the odd man out, and the only one where per-square-foot prices were below $800. The second floor logged the first major “price break” — a 19 percent jump.

    [more]

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