Long Island City became the talk of the town late last year after it was marked as one of two likely locations for a new Amazon headquarters. After much uproar from residents worried that such a massive project would rapidly gentrify th…
Category: Buying & Selling
The allure of owning a condo at Trump Tower has apparently worn off since the election of Donald Trump as president in 2016. In a recent Bloomberg article, Trump Tower was deemed “one of the least desirable luxury properties in M…
Although co-ops make up roughly 80 percent of the available-for-purchase housing stock in New York City, buyers often face this common dilemma when apartment: hunting: should they seek a co-op, or a condo? Many factors come into play in t…
As reported by the Commercial Observer in January of this year, Elliott Management Corporation and GFI Capital Resources Group acquired the Parker New York hotel for $420 million, with hopes to renovate and add 67 condominium units…
Two major residential projects are garnering attention in a New York City neighborhood mainly known for stocks, bonds and derivatives. The area in question is the Financial District, where a couple of noteworthy office-to-condo conversion…
An initial push to tax expensive second homes in the Big Apple appears to have lost its momentum. Legislation for a pied- à -terre tax, which was o riginally introduced by New York State Senator Brad Hoylman in 2014, would hav…
It's tax season, and homeowners in some states are apparently getting hit harder than others due to President Trump’s revised tax legislation. During a press conference in early February, New York Gov. Andrew Cuomo argued that t…
It's been now over a month since Amazon's surprise decision to nix plans for its HQ2 in Long Island City , Queens. Following vehement opposition from local activists and several politicians, fallout from the split still lingers -- especi…
If state legislators get their way, wealthy people who own expensive second homes in the Big Apple may have to fork over more in taxes. This past Monday, Gov. Andrew Cuomo and other Democratic leaders in Albany announced their suppor…
All streaks eventually come to an end, and New York City's luxury residential sales are no exception. According to Olshan Realty's latest luxury market survey for the week of March 4-10, about 15 properties worth $4 million or more signed …