NYC Commercial Sales Volume (source: PropertyShark)

The city’s commercial sales market showed mixed results in the first three months of 2012, according to a report released today by PropertyShark.com. There were $4.98 billion worth of commercial real estate deals in New York City in the period, a 24 percent decrease from the fourth quarter of 2011 but a 52 percent gain over the same period a year ago. In each quarter between this year’s first quarter and last year’s first quarter, total commercial sales volume exceeded $6.5 billion. [more]

Actovia's details dashboard and Jonathan Ingber, founder of Actovia (click to enlarge Actovia's dashboard)

After just eight months, a new service that helps brokers track mortgages and landlords in New York City already has a client roster that boasts household names in commercial real estate such as Massey Knakal Realty Services, GFI Capital and Eastern Consolidated.

New Jersey-based Actovia, launched by Jonathan Ingber last September, provides in-depth mortgage information and reverse look-up for owners by landlord name and address, but more importantly, it uses the latest technology to make that information available via a quick and intuitive user interface. [more]

A traditional flyer mapping retail properties and the new PropertyShark.com interactive map

A new interactive New York City business and retail mapping tool could save commercial brokers a few extra blisters on the soles of their feet, according to real estate data website PropertyShark.com, which launched the feature yesterday.

Geared primarily towards retail pros, the application, which currently brings together property and retail data for all properties in Manhattan from 14th to 56th streets, plots out all the businesses and retail stores on a city map. By clicking on a business logo or parcel on the map, a user can find what businesses reside in any particular building, making it easy for them to get an idea of a neighborhood’s client demographic. [more]

Commercial property sales in New York City rebounded powerfully in 2011, as sales volume increased 32 percent from 2010 on 8 percent more transactions, according to a report released today by PropertyShark.com.

In all, 3,453 properties sold (six more than did in 2010) in 2,986 transactions for a total of $24.17 billion. The last time commercial property sales volume surpassed $20 billion in the city was 2007, when 5,466 properties sold for a total of $49.18 billion. [more]

Thanks to the moratorium on foreclosures that resulted from the robo-signing controversy, New York City foreclosures declined 61 percent in 2011 to their lowest levels in seven years, according to a report released today by PropertyShark.com. But Manhattan proved an exception to the rule, recording 193 new foreclosure filings in 2011, 28 percent more than it did in in 2010. [more]

Douglaston Development’s the Edge in Brooklyn was the most successful New York City residential development in the third quarter of 2011 in terms of number of units sold, according to data from PropertyShark.com.

Seventy units were sold in total at the Edge between July and September, with a median sales price of $705,229. It is also the most successful development of the year so far, the data shows, with 215 units selling at the property so far in 2011.

As The Real Deal reported earlier this year, the Edge, which is being marketed by MNS, sold more units by June than any New York City residential building did in all of 2010. — Katherine Clarke [more]

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

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Source: PropertyShark

New foreclosure auctions in New York City plummeted during the third quarter, according to a PropertyShark.com report released today, but that’s far from a sign of an improvement in the housing market.

Just 207 new foreclosures were filed in the third quarter, down 33 percent from the 311 filed in the second quarter, and down 69 percent from the 659 new filings in the third quarter of 2010. About half the new foreclosures were filed on co-ops.

Queens led all boroughs with 82 foreclosures, or 39 percent of the city’s foreclosures. However, the number was still 28 percent less than it was last quarter, and 79 percent below the figure recorded in the prior year quarter. – Adam Fusfeld [more]

The number of newly scheduled New York City foreclosure auctions was down 70 percent in August compared to the same month in 2010, and 7 percent from July 2011, according to a monthly report covering first-time residential New York City foreclosures by PropertyShark.com.

Borough by borough, Queens and Staten Island saw the largest drop. Compared to August 2010, foreclosure auctions in those areas were down more than 80 percent. Newly scheduled foreclosure auctions also fell 40 percent in Brooklyn and 13 percent in Manhattan while Bronx foreclosures remained consistent. — Katherine Clarke [more]

There were 223 high-end residential property sales in Brooklyn in the second quarter of 2011, the highest number in three years, according to recent analysis by PropertyShark.com cited by Crain’s. High-end sales are defined as those over $1 million.
Sales of million-dollar-and-up properties jumped a jaw-dropping 60 percent from the period in 2010 and outpaced the previous record set in the third quarter of 2008. Condo purchases accounted for 123 of the deals, more than double the tally in the same quarter of 2010, Crain’s said. Around 25 percent of the sales were in new developments.
The surge in sales does not necessarily indicate that Brooklyn’s residential market is thriving, experts said, as a lot of the logged sales actually went into contract earlier in the year. [more]