The Real Deal New York

Posts Tagged ‘residential market’

  • One57

    157 West 57th Street in Midtown (credit: Lenny Spiro)

    Not everyone’s bullish on the city’s residential real estate market heading into 2016.

    “I’m telling clients – and not making public – that we think we are past the peak and they should get realistic and drop the price, take the bid and move on,” one major investment broker recently said, on condition of anonymity. [more]

  • AvalonBay NYC

    Timothy Naughton and Avalon Midtown West at 250 West 50th Street

    AvalonBay Communities is “very cautious” on the New York City residential market due to concerns over housing supply and both “land pricing and construction costs,” the real estate investment trust said in its third quarter earnings call this week.

    Responding to an analyst’s question on which markets the residential real estate investment trust found “relatively unattractive for development,” chairman and CEO Timothy Naughton cited New York, and Manhattan specifically, alongside Northern California and Seattle. [more]

  • JohnLegere91CentralParkWest

    From left: John Legere and 91 Central Park West

    The CEO of T-Mobile scooped up an Upper West Side penthouse once owned by William Randolph Hearst for $18 million.

    John Legere entered into contract on the pad, at 91 Central Park West, on July 7, according to public records. The telecommunications executive closed on the four-bedroom co-op on Sept. 29. [more]

  • Taking a powder (room)

    June 18, 2015 11:00AM
    301 East 50th Street

    A rendering of 301 East 50th Street

    From the June issue: When CBSK Ironstate’s 29-story condominium at 301 East 50th Street hit the market last spring, one of the fastest-selling lines in the 57-unit tower was comprised of one-bedrooms with one-and-a-half baths. [more]

  • New housing April

    The U.S. housing market continues its slow but steady recovery, with building permits filed in April rising to the highest level since 2007. [more]

  • Top contracts saw price chops: report

    January 05, 2015 02:40PM
    From left: Unit 71C at the Mandarin Oriental and Unit  8C at 737 Park

    From left: Unit 71C at the Mandarin Oriental and Unit 8C at 737 Park

    On the heels of a stellar year for the luxury market, the most expensive apartments put under contract last week saw price reductions, according to Olshan Realty’s weekly market report. The cuts mirrored the trend for all of 2014. [more]

  • (Credit: CityRealty)

    (Credit: CityRealty)

    Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales. Click here to see this week’s version.

  • From left: Morton Olshan, 55 Clark Street in Brooklyn and 347 West 55th Street in Manhattan

    From left: Morton Olshan, 52 Clark Street in Brooklyn and 347 West 55th Street in Manhattan

    Sybil Goldrich was 19 years old in 1959 when she invested a “substantial” amount of her savings with Morton Olshan, an accountant who’d go on to become the patriarch of one of New York’s top real estate families. Now, over half a century later, Goldrich is suing Olshan, his children and the real estate giant Olshan Properties for what she describes in a lawsuit as the family’s “scheme to enrich themselves” at the expense of early investors who are losing money. [more]

  • cityrealty-11-26

    Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales. Click here to see this week’s version.

  • From the October issue: There goes the neighborhood — or, rather, the neighbors.

    In the current upmarket, multiple apartments in the same building are hitting the market in rapid succession, as sellers look to replicate the high sales prices obtained by their neighbors, brokers said. [more]

  • From the July issue: Warburg Realty’s Lisa Larson scoured the East Side for more than a year with clients looking to buy a two-bedroom for less than $1.3 million. [more]

  • economy3

    The housing recovery is faltering as new heads of household fail to emerge

    The Mortgage Bankers Association reported yesterday that mortgage credit improved again in May, with the MBA’s mortgage credit availability index jumping 1.14 percent from last month to 115.1. That’s good news for property developers and sellers, as tight lending standards have kept many potential home buyers on the sidelines. But new analysis from Bank of America suggests that other factors may prevent residential investment from returning to historical averages, at least in the near term. [more]

  • Midtown


    WEEKENDEDITION Maligned by some New Yorkers, Midtown Manhattan – with its flocks of tourists and cold office exteriors – is becoming an option for families. [more]

  • stop and go

    From the May issue: It isn’t just all those new residential towers that are reaching for the sky. The average sales price for a Manhattan apartment soared almost 31 percent higher in the first quarter, compared with the first three months of 2013. [more]

  • Residential buildings in NYC

    WEEKENDEDITION New York City residential brokers are feeling bolder than ever, according to a new survey. [more]

  • Sam Zell

    Sam Zell

    Equity Group Investments Chairman and billionaire Sam Zell anticipates little dramatic change in 2014’s residential housing market, is eager to tap into the urban market he says appeals to Generation Xers — and says the 1 percent is being “pummeled because it’s politically convenient to do so.” Click here to see the video.

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  • From left:

    From left: Paula Del Nunzio, 21 Beekman Place and Melanie Lazenby

    From the January issue: With the New Year underway, it’s time for a post-mortem on last year’s residential market. And in an unusual twist, industry insiders who normally rely on statistics to understand the ins-and-outs of the market are saying that it’s best to avoid the numbers when gauging how the uppermost echelon did in 2013. [more]

  • Windhoek, Namibia’s capital city

    Windhoek, Namibia’s capital city

    WEEKENDEDITION The home to the hottest housing market in the world might surprise you. It sounds like New York City: extreme competition and tight inventory driving up prices, often leading to bidding wars. But this isn’t NYC; it’s the southern African country of Namibia. [more]

  • Multigenerational housing trend picks up

    December 14, 2013 11:00AM

    A multigenerational family

    WEEKENDEDITION Multigenerational housing has been a growing trend in New York City for some time, mainly within immigrant communities, especially the well to do. But it seems the trend is branching out into more demographics as economic pressure cracks down on families.

    These multigenerational households are being created by a variety of economic factors, be it a lack of employment opportunities after college, a lost job, a foreclosure or a sinking pension. [more]

  • Park Avenue's white-glove buildings

    Park Avenue’s white-glove buildings

    Beneath the glitz and headlines generated by record prices and $100 million listings is the reality that many trophy homes in white-glove buildings struggle to find buyers. Some are even being forced to trade for as much as a 25 percent discount.

    While some have seen the phenomenon as the result of sellers looking at the market through rose-tinted lenses, many brokers feel they are simply being too ambitious with their pricing. [more]