The Real Deal New York

Posts Tagged ‘Manhattan’

  • election-manhattan

    AddressReport’s Manhattan Political Party Map for 2014

    To get a sense of which side of the aisle your neighbor likely stands on, AddressReport put together this handy map showing percentages of Republicans, Democrats and other political party members throughout the borough. [MAP]

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  • Clockwise from left: Friends, Seinfeld, The Jeffersons and The Honeymooners

    Clockwise from left: Friends, Seinfeld, The Jeffersons and The Honeymooners

    Out-of-towners looking for a taste of New York City needn’t travel much farther than their couches, thanks to a bevy of sitcoms that helped portray the Big Apple from the late 1950s up until 2000. The Real Deal mapped out the residences of some of the city’s most beloved fictional characters. [Interactive map]

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  • Numbers that matter: TRD‘s 2014 Data Book

    September 23, 2014 06:00PM

    ITRD_DataBook-2014_cover_web-231x300n addition to The Real Deal‘s year-round data-driven stories, rankings of the industry and regular features including our Deal Sheet, this year’s Data Book is the single most comprehensive collection of information on the current New York metro-area real estate.

    Covering the residential and commercial sides of the industry, as well as development, the Data Book gives every real estate broker, developer, owner, investor, appraiser and lawyer deep insight on the market in 2013 and beyond.

    We look at Manhattan’s new development pipeline and check in on condo projects that have come online since 2010. Also on the residential side, we chronicle the largest Manhattan brokerages, the most productive agents and the most expensive deals. On the commercial side, we list the city’s top office leases, retail leases and building purchases, and much more.

    To order a print or PDF copy of the Data Book, click here. The Data Book is also available for iPad users in an enhanced version. To buy, click here or head to the App Store, search for “The Real Deal” and download the free app.

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  • All-Cash Deals (1)

    In Manhattan real estate, cash is king.

    While about four out of every 10 homes sold in the U.S. in the first quarter were paid for entirely in cash, Manhattan’s rate is much higher. [more]

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  • Residential prices shoot through roof

    April 01, 2014 12:01AM
    From left: Jonathan Miller, Dottie Herman and Jeff Appel

    From left: Jonathan Miller, Dottie Herman and Jeff Appel

    Manhattan condo and co-op prices are finally seeing the impact of chronically low residential inventory and a shift toward über luxury in new development. [more]

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  • swarovski crystal toilet

    A New York firm wants to bring luxury bathrooms to Manhattan’s Grand Central Terminal.

    POSH Stow and Go, purveyors of private lockers, storage rooms, private powder rooms and luxury showers, wants to bring $8-per-day lavatories to a Midtown spot by this summer, company founder Wayne Parks told the New York Post. The lavish stations would include clean, safe and soundproof toilets, as well as lockers, showers and baby-changing stations. Nursing stations may also be added later. [more]

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  • From left: waterfront of Battery Park City and the Lower East Side skyline

    From left: waterfront of Battery Park City and the Lower East Side skyline

    Investment opportunities abound in nine New York City neighborhoods where homes are priced much cheaper than others in the same boroughs.

    The median sales price in Manhattan, for instance, is nearly a million bucks. But homes on the Lower East Side are 42 percent cheaper, according to data from PropertyShark. [more]

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  • From left: 40 West 57th Street, inside Rizzoli Bookstore

    From left: 40 West 57th Street, inside Rizzoli Bookstore

    The LeFrak real estate family and Vornado Realty Trust are planning to demolish three limestone mansions on West 57th Street in Midtown, one of which has housed Rizzoli Bookstore for 29 years. [more]

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  • Adding up all the windows in Manhattan

    December 22, 2013 04:00PM

    Windows in Manhattan

    WEEKENDEDITION A typical question for M.B.A. students when interviewing for their first internship or job is: “How many windows are there in all the buildings in Manhattan?” And while the question is obviously meant to test an applicant’s critical thinking skills rather than their knowledge of a precise answer, a rough estimate might be achieved merely for the sake of curiosity. [more]

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  • dream-house_web

    Investing in real estate may not translate into happiness, according to a growing body of research, the New York Times reported. [more]

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  • Average vacancy rate in January (Image courtesy: Citi Habitats)

    Manhattan tenants found a welcome respite from ballooning rents in January, as more home hunters were pulled into the sales market, according to a monthly rental market report released today by Douglas Elliman. The average monthly rent for a Manhattan apartment was $3,794 in January, a 4.5 percent decrease over December, the report shows. [more]

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  • Manhattan condo inventory on the upswing

    November 15, 2012 11:00AM

    New York City

    Sales inventory in new development projects across Manhattan, Brooklyn and Queens was down year-over-year in October, Crain’s reported, citing a Streeteasy.com report. But the number of these listings in Manhattan is on the upswing — rising more than 10 percent in the pat six months — even as they continue to fall in Queens and Brooklyn.

    The inventory declines have increased prices, however. Broken down by borough, Brooklyn saw a 52.7 percent year-over-year fall in inventory to 276 from 583 a year earlier. In Queens the number declined 52.6 percent year-over-year to 108 from 228. [more]

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  • Obama campaign office to open on UWS

    September 20, 2012 12:00PM

    Obama and the Columbus Avenue space

    An Upper West Side Democratic club has inked a deal for office space in which President Barack Obama’s supporters will work toward his reelection.

    Community Free Democrats, whose members include Rep. Jerry Nadler, Borough President Scott Stringer and State Assembly Member Linda Rosenthal, has taken over a 1,200-square-foot, ground-floor retail space at 410 Columbus Avenue, near West 80th Street. [more]

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  • Manhattan’s top 75 listing agents

    July 06, 2012 10:30AM

    From left: Paula Del Nunzio, Dolly Lenz, Noble Black, Sharon Baum

    From the July issue: John Burger has had a good year.  Not only did the Brown Harris Stevens broker earn the No. 1 spot on The Real Deal’s annual ranking of Manhattan’s top listing agents, he also more than doubled his dollar volume of listings from a year ago to $411.7 million.

    That number sets a new bar for the ranking, which is based on dollar volume of active Manhattan residential listings, gathered from Online Residential in mid-June. [more]

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  • From left: Greg Taubin, executive managing director at tenant-side brokerage Studley, Bruce Mosler, chairman of global brokerage at Cushman & Wakefield, David Falk, president of the tri-state region for Newmark Grubb Knight Frank, Eric Ashman, CFO for Thrillist Media Group and Jacqueline Weiss, a partner with the real estate group of law firm Arent Fox

    Technology and creative firms which have been driving the Manhattan office leasing market this year are inking deals that are shorter and that utilize space more efficiently than the typical financial firm deal, brokers speaking on a panel this morning said. The companies are negotiating deals that are shorter than the industry standard of 10 years, and the firms average about 120 square feet to 130 square feet per person versus the industry standard of 200 square feet to 250 square feet per person, the panelists said. [more]

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  • Luxury market losing its shine?

    April 03, 2012 12:01AM

    From left: Dottie Herman of Elliman, appraiser Jonathan Miller, Pamela Liebman, CEO of the Corcoran Group and Gregory Heym of Terra Holdings

    Despite some major high-end deals closing last month, Manhattan’s luxury residential market, which has been strong since the third quarter of 2010, may soon lose its reputation as the most talked about sector in the real estate industry, according to Jonathan Miller, president of appraisal firm Miller Samuel. [more]

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  • A recently released interactive Manhattan apartment sales map by PropertyShark.com (see map below) shows sales data for individual buildings across the city in the third quarter of 2011. Clicking on a point of interest will open a mini-report with a photo of the building and details on individual unit transactions in the building. – Katherine Clarke

    [more]

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  • Source: MNS

    This month marks the three-year anniversary of the Lehman Brother’s collapse, September monthly rental reports for Manhattan and Brooklyn, released today by MNS, note. Rents in neighborhoods such as Tribeca, Soho and Greenwich Village have fared best during the recovery, mostly maintaining their values, the report shows, increasing by around 13 percent from 2008.

    As for month-over-month increases, the report indicates a small degree of positive growth.

    “As predicted, this September brought nominal growth in average rental prices compared to August, but the rental market in both Manhattan and Brooklyn continues to be strong,” said Andrew Barrocas, CEO of MNS.

    Rents increased 1.3 percent for Manhattan one-bedrooms on a month-over-month basis, 1.6 percent for two-bedrooms, but decreased by 2.7 percent for studios. Prices are up in Manhattan 0.8 percent overall compared to August, with 0.2 percent in non-doorman units and a slight decrease of 0.04 percent in doorman properties. – Katherine Clarke[more]

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  • The total dollar amount of Manhattan assets classified as distressed has halved since 2008, Crain’s reported, a sign that the market is rebounding at a healthy pace.
    Three years ago, $30.6 billion of assets in Manhattan was in foreclosure, bankruptcy or in the process of having its loans modified. The figure has dropped to $15.2 billion, and 30 percent of that dollar amount is tied to apartment complex Stuyvesant Town and Peter Cooper Village.
    “This happened faster than we would have imagined,” said Dan Fasulo, managing director of Real Capital Analytics.
    The drop in distressed properties can be attributed to an accumulation of single transactions, Crain’s said, and bigger landlords buying up distressed loans. Vornado Realty Trust, for example, bought up three of the eight large distressed assets sold in the first half of 2011, including a stake in 280 Park Avenue.  … [more]

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  • alternate<br /></a>text
    Best-performing cities, from left: Hong Kong, St. Petersburg and Paris

    Turns out the rich aren’t completely immune to a world that seems on the brink of economic disaster. Sure, luxury real estate prices in “prime global cities” continue to grow even as much of the rest of the world is underwater, but in the second quarter of 2011, that growth slowed. Prices rose just 7 percent year-over-year for the priciest real estate in the most coveted cities, which pales in comparison to the 14 percent growth experienced in 2010, according to data by Knight Frank cited by Business Insider.

    More recently, quarter-over-quarter data shows further stagnation. … [more]

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