Thursday, December 18, 2014
When buying property in New York, a buyer's broker will identify the good deals, negotiate the best price and coordinate the whole purchase process. The buyer's broker represents the interest of the buyer and the fee is already built into the property price. Yes, this is a good deal.
Wednesday, December 10, 2014
New York has been ranked America's #1 most livable city. This is based on 26 measures including job prospects, transportation, walkability and even availability of takeout food. Check out the article in the New York Post, "New York Ranked Most Livable City".
Monday, December 8, 2014
Manhattan, New York property has always been a destination for foreign buyers because of the associated brand recognition and for the price stability. Top reasons cited by our foreign investor clients buying apartments in Manhattan include investment diversification, stable appreciation, brand recognition and limited supply.
The media likes to talk about $10 million to $50 million Manhattan apartments because of sensationalism. In reality, 85 percent of transactions in Manhattan are for apartments priced less than $5 million. Still, the median Manhattan condominium price at $1.3 million is about seven times (7x) the median US house price. The average price per square foot of a Manhattan condo was $1,500 in 3Q'2014.
Thursday, December 4, 2014
By Real Estate Weekly
DECEMBER 3, 2014
By Dan Orlando
A year after Bill de Blasio won the mayoral election with a promise of reducing inequality,
is caught in a heated debate over the
benefits of luxury pied-a-terres. New York City
Tuesday, November 18, 2014
Barry Diller and his wife Diane von Furstenberg are helping New York build a $130 million island oasis pier on W 13 St on the Hudson River.
The 2.7 acre park with rise between 15 feet to 71 feet above water and will sit on 341 stilts. A 700 seat amphitheater in the park will host events and performances udner the direction of producer Scott Rudin.
NewYork Post article, "Pier 55 Gets $130 million bid to Create Island Oasis."
Monday, November 17, 2014
Wednesday, November 5, 2014
Don't be fooled by appearances. The alley in picture is the site of the future ultra chic Beekman Hotel and luxury 5 Beekman Street condos.
Check out the 3Q Manhattan condo update: