June 11, 2014

Market Snapshot: The Week of June 11, 2014

Leading into summer, the market continues its roller coaster ride — we're seeing sharp increases in sales following an unexpected lull in the typically active spring season. For the week of May 12th, the city recorded 233 sales; Manhattan condos sold for an average of $3 million, while co-ops pulled in an average $1.3 million. One57 scored not one, but two of the most expensive sales of the week at $30.5 million and $17.8 million. But it was celeb favorite, 15 Central Park West, that staked claim to the top spot with a buyer paying $48 million for the keys to #1819B. The real-estate flip: We all know someone who knows someone who managed to buy at the right moment only to sell it months later for an exorbitant sum. We look at three of NYC's biggest moneymakers in the last three years. One of which comes courtesy of the Winklevoss Twins.   For market trends, the latest real estate listings, and a dissection of one of New York's riskiest investment pursuits, we turn to CityRealty‘s Weekly Market Snapshot for the scoop.
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May 16, 2014

Market Snapshot: The Week of May 16, 2014

Flatiron and Midtown West have seen dramatic neighborhood price increases over the last 90 days. And surprise, surprise, sales in One Madison and the uber pricey, uber tall One57 are the two forces driving the change. Azad Ali talks about two decades spent preserving and restoring old homes in Prospect Park South, Ditmas Park and Midwood in Brooklyn. Fans of Breakfast at Tiffany’s will want to check out the $10 million listing for that little townhouse where fictional Holly Golightly entertained her many suitors. Learn about Mexico-born Ismael Leyva, the workhorse architect who has risen to prominence designing interiors for Related Companies projects like One Carnegie Hill, the TriBeCa Royale and The Brompton.   For market trends, cool listings and interesting tidbits about New York's most noteworthy buildings and neighborhoods, we turn to CityRealty‘s Weekly Market Snapshot for the scoop.
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May 9, 2014

Market Snapshot: The Week of May 9, 2014

In the race to the top, which "blue chip" condominium building can call itself the best of the best? 15 Central Park West? One Madison? Or Does Donald Trump's tower along 5th Avenue reign supreme? Multi-tasking: Janet Jackson may soon be able to add the title ‘landlord’ to her resume. Which neighborhood has the most coveted real estate? Tribeca, the Flatiron District, Soho, or the West Village? Give us your best guess in the comments, and find out what buyers have been willing to fork over per square foot in our report.   For top sales, celebrity moves, and neighborhood market news, we turn to CityRealty's CR100 Quarterly Report for the scoop.
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