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NYC REAL ESTATE NEWS

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Is it a Buyer’s Real Estate Market in New York City?

By admin | May 10, 2018

It certainly feels that way. I usually like to drive around on Sundays throughout Manhattan and visit for sale by owner’s open houses. What I have noticed is that traffic is pretty slow with sellers offering incentives that I have not seen in a long time. One of the many reasons the market has slowed…

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5 questions to ask before hiring a real estate agent to sell your home

By admin | Apr 19, 2018

The Motley Fool MAURIE BACKMAN Apr 18th 2018 2:49PM Whether you want to relocate for work, downsize, or get more living space, if you’ve been thinking about selling your home, now’s a good time to do it. Spring is prime season for listing homes in most U.S. markets, and with interest rates slowly but surely…

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12 bike-share companies bid to serve non–Citi Bike in NYC neighborhoods – City unveils list of dockless operators vying for pilot program

By admin | Apr 19, 2018

Matthew Flamm By Matthew Flamm Dockless bicycle sharing is coming to New York, or at least those parts of New York not already serviced by Citi Bike. But which operators will survive the city’s Shark Tank competition? A total of 12, ranging from little-known regional operators to global players in the surging dockless-bike sector, have…

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Manhattan turf war: Billionaires Row vs. homeless shelter

By admin | Apr 19, 2018

The city has approved a plan to house 140 single men in what was once the budget Park Savoy Hotel on West 58th Street By Associated Press Some of the world’s wealthiest people have apartments in the half-dozen new skyscrapers built along a stretch of Manhattan’s 57th Street known as Billionaires Row. And soon they…

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Foreclosure & Estate Planning Workshop

By admin | May 11, 2017

Naim is a native son of Bedford-Stuyvesant, Brooklyn. Having worked in Real Estate as a Mortgage Lender and Sales Agent his experience is frequently used to assist homeowners in developing the requisite skillset to navigate the complexities of foreclosure, acquisitions, and representing homeowners throughtout the process. Homeowners are encouraged to contact him for complimentary consultations.…

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Americans are flipping homes like they haven’t done since before the housing crash

By admin | May 11, 2017

Home flipping in the US has hit levels not seen since the peak of the housing bubble. According to Attom Data Solutions, homeowners in the second quarter flipped 51,434 houses, meaning they resold them shortly after purchasing. Attom based its analysis on sales within 12 months and derived from the data the highest number of…

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New York landlords are running out of ways to keep rents sky-high

By admin | May 11, 2017

Manhattan landlords are doubling down on perks that encourage new tenants to sign leases and current residents to renew theirs. Concessions like one month of free rent more than doubled from a year ago in April to the second-highest level on record, to 28.6% of all new leases, a report released Thursday by Douglas Elliman…

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Renting a No-Doorman Apartment in Manhattan Has Never Cost More

By admin | May 11, 2017

Manhattan apartment rents are on the decline — unless you’re living in a no-frills building without a doorman. For those units, rents just hit a record. While new luxury apartments with doormen — and other extras, like pools and gyms — are proliferating and landlords are cutting deals to get them filled, renters who seek…

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New York City Apartments

Landlord Sweeteners Continue in Manhattan’s Luxury Rental Market

By admin | May 11, 2017

Manhattan’s luxury rentals continued to trend downwards in April, with median monthly rent dropping to $7,995, a 6.3% decrease from a year ago, according to a report released Thursday by national brokerage Douglas Elliman. Compared with the previous month, April’s median rent fell 11.1%, or an equivalent of $1,000, for the luxury segment, which the…

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