The Real Deal New York

Posts Tagged ‘jonathan miller’

  • hamptons chart

    (credit: Douglas Elliman and Miller Samuel)

    As tourist season in the Hamptons was heating up last quarter, the market was slowing down, with the number of sales dropping and the median sales price declining to $849,000, compared to $908,500 during the same period last year, the latest market report by Douglas Elliman shows. [more]

  • DouglasEllimanMillerSamuel

    Clockwise from top left: A luxury condo for $6 million, a co-op for $795,000, a new development condo priced at $2,000 per square foot and a condo for $1.75 million

    UPDATED, July 1, 11:40 a.m.: Manhattan apartment prices soared during the second quarter, breaking records across the board, according to a new report from Douglas Elliman and Miller Samuel. [more]

  • From left:

    From left: Frank Percesepe and Sarah Burke

    Brooklyn’s median sales price shattered a new record during the first quarter, hitting $610,894.

    According to Douglas Elliman’s latest quarterly Brooklyn sales report, that’s a 17.5 percent year-over-year increase from $520,000, and marks 10 consecutive quarters of median price increases. [more]

  • (credit: Douglas Elliman and Miller Samuel)

    (credit: Douglas Elliman and Miller Samuel)

    Manhattan rents continued their upward climb in March, while Brooklyn’s dipped slightly for the second month in a row, according to the latest rental market report by Douglas Elliman. [more]

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  • 310E2310Leonard

    From left: A one-bedroom at 310 East 23rd Street is asking $750,000 and a one-bedroom at 10 Leonard Street is asking $1.75 million.

    Believe it or not, Manhattan residential sales prices are flat. [more]

  • Douglas Elliman's February rental market report

    Douglas Elliman’s February rental market report

    Median rents in Manhattan were up in February for the 12th straight month, while Brooklyn saw a slight decrease that doesn’t appear to be the start of a downward trend, according to Douglas Elliman’s latest rental market report. [more]

  • (credit: Citi Habitats)

    Median Manhattan rents by neighborhood (credit: Citi Habitats)

    Both Manhattan and Brooklyn saw rental price indicators rise overall in January, pushed upward by continuously rising employment in the city and still-tight lending practices, according to Douglas Elliman’s January rental market report. [more]

  • Screen shot 2015-02-04 at 9.38.11 PM

    Source: Miller Samuel

    Just how high have Manhattan real estate prices climbed in the past decade?

    Townhouses are 50 percent more expensive, while the average price for co-ops and condos is up 40.7 percent, according to a new report from Douglas Elliman. Luxury co-ops and condos? Up 64.4 percent. [more]

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  • Average sales prices in Manhattan and Brooklyn (Credit: Miller Samuel)

    Average sales prices in Manhattan and Brooklyn (Credit: Miller Samuel)

    Brooklyn’s average home sales price reached a record high in 2014 — and did so for the third year in a row — but still, it was nearly $1 million less than the average sales price in Manhattan. [more]

  • From left: A Murray Hill apartment at 245 East 40th Street rending for $3,225 and a DoBro apartment at 309 Gold Street renting for $2,860

    From left: A Murray Hill apartment at 245 East 40th Street renting for $3,225 and a Downtown Brooklyn apartment at 309 Gold Street renting for $2,860

    In both Manhattan and Brooklyn, median rents continued to climb while average rents fell, according to Douglas Elliman’s December rental report. [more]

  • non-primary-pads

    From left: Apartments at CitySpire and Executive Plaza in Midtown

    Roughly 24 percent of all New York City apartments are either investment properties rented to tenants or pieds-à-terre, according to data from the city’s Independent Budget Office. [more]

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  • From left: Elliman's Dottie Herman and a one-bedroom at 120 East 87th Street asking $1.75 million

    From left: Elliman’s Dottie Herman and a one-bedroom at 120 East 87th Street asking $1.75 million

    The average sale price in Manhattan reached an all-time high of $1.7 million in 2014, driven by new development closings and tight inventory in the resale market, according to Douglas Elliman’s fourth-quarter sales report. [more]

  • 3cw12-2-14

    Manhattan residential condos and co-ops that closed for more than $10 million and $30 million (Credit: Miller Samuel)

    The number of Manhattan condominium and co-op units that sold for $10 million has skyrocketed so far this year, according to data from real estate appraisal firm Miller Samuel. [more]

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  • A one-bedroom unit at 888 Fulton Street in Clinton Hill that's asking $2,850

    A one-bedroom unit at 888 Fulton Street in Clinton Hill that’s asking $2,850

    A surge of renters signed new leases in Brooklyn last month – a sign that rising prices citywide are pushing people farther into the outer boroughs. [more]

  • ground-floor

    From left: Clinton Hill apartment on Washington Street, Paul Wexler and Jonathan Miller

    Buyers often pay between 10 and 15 percent less money for a ground-floor New York City apartment than a comparable unit on a building’s upper levels. [more]

  • Tracking NYC’s co-op sales records

    October 22, 2014 08:00AM
    From left: Leonard Blavatnik, buyer of a $80 million co-op; Nassef Sawiris, buyer of a $70 million co-op and the penthouse at 960 Fifth Avenue

    From left: Leonard Blavatnik, Nassef Sawiris and the $70 million penthouse at 960 Fifth Avenue

    Prices at the top of New York City’s co-op market are catching up to the stratospheric levels seen at some of the city’s swankiest new condo buildings, with record prices rising nearly 50 percent since 2012. [more]

  • Gary Barnett and a rendering of One57

    Gary Barnett and a rendering of One57

    After a lull in sales, activity at One57 has picked up in the past few days, most recently with the $27 million sale of a 63rd-floor apartment in the Extell tower.

    Sponsor unit 63B, which was not listed on StreetEasy, went into contract in August and closed earlier this month for $27.13 million, property records filed with the city today show. [more]

  • norfolk

    From left: 100 Norfolk Street on Lower East Side and Adam America’s Omri Sachs

    Half of the 38 condominium units planned for Adam America Real Estate’s 12-story building at 100 Norfolk Street on the Lower East Side are in contract after one week, a spokesperson for the project told The Real Deal. [more]

  • Miller Samuel President and CEO Jonathan Miller

    Miller Samuel President and CEO Jonathan Miller

    Only two units at Extell Development’s One57 went into contract in the first half of the year, following a three-month period at the end of 2013 when none of the pricey condos sold. Is that simply because they’re priced too high?

    The issue is actually less a question of demand than supply, Miller Samuel President and CEO Jonathan Miller said during an appearance on Bloomberg TV. They were really one of the first in and very aggressive in pricing, but overshot the market, he said. Click here to see the video.

  • Miller samuel apartment

    Year-over-year growth in the Manhattan apartment market (credit: Miller Samuel)

    In the four-and-a-half years since the Manhattan condo/co-op market bottomed out, average prices have grown at about half the rate they did during the same time span leading up to the end of 2009. This time around, though, that growth is being pushed primarily by expensive luxury products, while the bottom 90 percent of the market churns out a slow recovery. [more]

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