It was a very mixed second quarter 2018 for the Manhattan residential market (condos and co-ops), according to the latest report by Douglas Elliman. Those results included a decline in sales prices and number of closed sales, along with an…
Bitcoin is the cryptocurrency – an electronic form of money – du jour. Whether it is a promising alternative to the various denominations of loot that we all know and love, or simply a fleeting tech sensation remains to be seen. Ju…
In the four weeks leading up to May 1, Manhattan's average residential sales price increased significantly while the number of recorded sales saw an uptick. That's what real estate website CityRealty said in its recently-released June…
Plans for a development company to buy the air rights from a Lower East Side co-op so it can build two large condo towers were recently dealt a serious blow. Crain's New York Business reported that the Seward Park Cooperative rejecte…
A real estate agent is listing a New York City penthouse condo for $85 million, and he is also throwing in some unusual incentives to lure potential buyers – including a trip to the far reaches of space. Earlier this month, the New Y…
New York City has always had a rotating cast of neighborhoods-of-the moment – buzzed-about areas where the hottest bars and restaurants, the coolest attractions, burgeoning businesses, and alluring residential properties all seem to cluster…
As real estate prices in Manhattan continue to rise to an intimidating degree, prospective condo buyers are increasingly looking to New Jersey to meet their needs. Several communities in the Garden State are stepping up in turn to attract t…
One could be forgiven for growing tired of reading about how expensive New York City real estate is. The prices trend ever upward--everybody gets it. But the curiosity of even the most cynical spectator might be piqued if he or she knew the…
The main takeaways that describe the Brooklyn and Queens residential market in the first quarter of 2018 were record-setting prices and slow sales, according to Douglas Elliman's most recent 1Q 2018 report. For Brooklyn condos, the ave…
The power of a co-op board to approve or reject sales, as well as co-op applicants, is pretty much unlimited -- as long as the decision is made within the limits of applicable law. Boards require extensive information and documentation -- k…