New York's most expensive new developments in 2013

World's Hottest Hotels 2014

Park Hyatt New York is one of the world's hottest hotels in 2014 according to CNN.

Opening: Q2 2014

The Park Hyatt's first New York hotel occupies a coveted location opposite Carnegie Hall in midtown Manhattan, with views of Central Park.

Occupying the top floors of the 90-story One57 -- the tallest residential building in the city -- the 210-room property was designed by Pritzker Prize-winning architect Christian de Portzamparc. Interiors are by Yabu Pushelberg, whose notable Manhattan designs include Bergdorf Goodman and Barneys.

Buying Apartment In New York in 2014?

2013 has been a banner year for Manhattan condos.  Price per square foot is at a record $1,400, there has been a shortage of inventory and yes, prices are way above the prior peak.

Price records were shattered, for example, when hedge fund investor Bill Ackman and a group of investors paid more than $90 million for a unit at Extell's One 57.  This shows even the top hedge fund guys know about the incredible performance of Manhattan condos.

Key trends to look out for in 2014, according to The Real Deal magazine, include interest rate increases, the new mayor Bill de Blasio, Midtown East rezoning, the new wave of condominiums coming on the market and redevelopment of the South Street Seaport.

New York - America's Favorite Cities

Photo credit: incamerastock/Alamy

Travel and Leisure ranking of New York City in the 2013 America's Favorite Cities:

The Best...
Luxury stores (#1)
Theaters/performance art (#1)
Historical sites/monuments (#1)
Ethnic foods (#1)
Sandwiches/delis (#1)

The Worst...
Affordability (#35)
Easy-going (#35)
Cleanliness (#35)

Interviewed by CNN: Top 10 U.S. Cities For Chinese Homebuyers

NEW YORK (CNNMoney)

As the Chinese economy continues to boom, Chinese are looking abroad to spend money on real estate.

Where are they buying?

Media Interview: Waterfront property rebounds after Sandy

ROCKAWAYS — Lisa Jackson, owner of Rockaway Properties, moved to Carroll Gardens in late 2012 after Sandy walloped her Queens neighborhood, planning to switch gears and restart her business selling homes in Downtown Brooklyn instead.

 

But two months after relocating, her phone started ringing with inquiries about sales for oceanfront property in the Rockaways.

 

She's now back in Queens — and is busier than ever.

 

"I closed over 30 homes after the storm and have another 20 under contract," Jackson said.

 

Many homeowners in Sandy-affected areas are still struggling to rebuild, and housing advocates are bracing for a wave of foreclosures. But the real estate market in million-dollar neighborhoods such as Neponsit and Belle Harbor in the Rockaways, and the Financial District in Manhattan, are back in demand, according to brokers.

Media Interview: Demand for 3BR Apartments Changing NYC Real Estate

MANHATTAN — Finding a three-bedroom apartment is no easy feat for many New York City families — which is why many new developments now opening or underway include sprawling floor plans.

Supply in older housing stock is tight, but demand is certainly there: Some 42 percent of Brooklyn's third-quarter sales in new developments were for three-bedroom units, according to a market report released Thursday by MNS.