As Foreclosures Trickle Up, Hamptons Home Goes to Auction
A Hamptons home heads for the auction block as foreclosures trickle up.
September 2nd, 2010
Posted in
Comments Off Trump to Letterman: Downtown mosque project is “insensitive”
The Donald paid a visit to "The Late Show with David Letterman" last night to talk about development at and around the site of the former Twin Towers. Naturally, much of the conversation focused on the proposed mosque nearby, which Trump has repeatedly denounced as "insensitive." He argued that from a public relations standpoint, the developers behind the project would be met with "good will" from the public if they agreed to move to an alternate location. His views were met with audience applause, but then, so was Letterman's -- that religious freedom is a "fundamental building block" of this country.
Comments Off More foreclosures means fewer voters: experts
While the home foreclosure crisis has had a heavy influence on the nation's economic recovery, industry experts have now turned their attention to how it might affect the political arena, according to the New York Times. Because voters must register a home address to vote, analysts are concerned that the growing number of people whose home situations are in limbo may result in a subsequent decline at the polls. Robert Brandon, president of the Fair Elections Legal Network, pointed out that the foreclosure crisis could ultimately disenfranchise many voters, while distracting those who could vote from getting out on election day. [more]
Comments Off Ginsberg’s EV apartment rents in five hours
Allen Ginsberg and his (renovated) apartment at 437 East 12th Street
Comments Off Real Estate News: Pending Sales Rise in July
Here's a look at the real estate news in today's WSJ:
- Residential Properties Ltd.
Comments Off Agents skeptical about Tiger reports
Tiger Woods and 421 Hudson Street
Comments Off Great 1BR Rental – Columbia University – Morningside
Nicely renovated one bedroom in a luxury doorman building on the Upper West Side. Perched hi on the 11th floor and overlooking Saint John's Cathedral with partial views of Central Park visible from your balcony, this 650 square foot one bedroom is an excellent value. The windowed kitchen features new appliances and there is an abundance of sunlight throughout the apartment. There are laundry facilities in the building as well as an on site garage and full time doorman.520 W 112th St
Upper West Side
- Balcony
- Central A/C
- Sublet
tel: 646.443.3721
mobile: 212-495-9927
Comments Off Brokers, websites battle to control listings
From the September issue: They say knowledge is power. That's especially true when it comes to New York City real estate. For years, the only access to apartments for sale in the city -- especially those in posh, highly selective co-ops -- was through real estate firms. Each company maintained a stockpile of listings, a valuable asset that in many ways determined its ability to be successful. Sharing this information meant giving up a competitive advantage.
Today, vestiges of this mentality remain, despite the fact that listings are required to be shared electronically, and the vast majority of brokers agree that co-broking is the way to fetch the highest sale price possible for a property. Take, for example, the fact that Manhattan is one of the only real estate markets in the country without a conventional Multiple Listing Service.
Yet with technology improving at warp speed, Manhattan is now seeing vast changes in -- and intense battles surrounding -- who controls real estate information. [more]
Comments Off After two hot months, Manhattan apartment sales cool off in July
Click the image for a larger version (source: PropertyShark)
Comments Off City’s CMBS market least distressed in U.S.
New York City now has the lowest level of overall distressed CMBS loans in the nation after surpassing Seattle for the first-place spot, according to a new report from CoStar Group, which examined data from Investcap Advisors and QuantumRisk. As of the end of July, both New York and Seattle had a probability of default ratios of less than 2 percent. New York was also among the least stressed office markets in the nation, with a ratio also below 2 percent for that segment of the real estate market. TRD [more]
Comments Off CNBC, Trulia debut new home traffic report
Where are U.S. homebuyers most interested in purchasing properties today? A new real estate survey, commissioned jointly by CNBC and Trulia.com, aims to answer that question by measuring the number of Trulia user clicks on properties in major metropolitan areas. In August, Fort Lauderdale, Fla. saw the largest bump in traffic on the site, up 65 percent year-over-year. Meanwhile, suburbs surrounding Washington, D.C., like Bethesda and Silver Spring, Md., saw traffic drop by around one-third during the month. Check out the video above for more on the brand new survey and what it means for the future of the country’s housing market.
Comments Off LMDC aims to rescue businesses suffering from public construction-related losses
The Lower Manhattan Development Corp. is expanding its aid program for small businesses plagued by public construction projects, the agency announced yesterday. According to the Tribeca Trib, the agency has upped the total amount of grant money it is making available to $6 million from $5 million and extended the program by five years, through 2015. Individual businesses can now receive up to $35,000 each through the program, up from $25,000 previously. [more]
Comments Off Inside the Ohm with Darryl Strawberry, Hovnanian’s third-quarter loss worse than expected … and more
1. Inside the Ohm with new resident Darryl Strawberry [Post]2. CW Capital slams opponents on grammatical errors in new Stuy Town filing [NYO]
3. New Knicks player Amar'e Stoudemire checks out $29K-per-month unit at 141 Fifth Avenue [Post, 3rd item]
4. Hovnanian's third-quarter loss worse than expected [Bloomberg]
5. Twilight star Ashley Greene signs lease at 2 Cooper Square [Post, 1st item]
6. Hospitalized 104-year-old heiress gave nurse $2M in cash to buy homes [NYDN]
7. Meanwhile, her accountant has been making secret visits to her hospital bed in attempts to get her to sign legal documents [Post]
8. Yankee Austin Kearns rents two-bedroom apartment at 170 East End Avenue [Post, 2nd item]
9. PCB testing pushed at NYC schools [NYDN]
10. And under new disclosure law, schools also forced to disclose bedbug infestations to parents [NYDN]
11. Meanwhile, the bedbugs scare is affecting flea market sales [NYT]
12. Six-alarm fire erupts in the Bronx, injures 12 [Post]
13. Australian supermodel Abbey Lee apartment hunts in Williamsburg [Post, 4th item]
Comments Off Top web stories
The top web stories from yesterday's The Real Deal blog:1. $81.5M property hits market in Southampton
2. 6 questions for Citi Habitats head Gary Malin
3. Jeffrey Brooker, 25-year Harlem real estate veteran, dies
Comments Off Highest Floor 1BR with River View in the Avery
Large 1 Br in a brand new development with Stunning River Views Brand new construction with stainless steel appliances:- Stainless Steel Sub-Zero Fridge
- Stainless Steel LG Microwave
- Stainless Steel Miele Stove
- Stainless Steel Miele Oven
The apartment also has granite counter tops in the kitchen and full marble bath and a brand new washer/dryer unit in the apartment.
This building is a full service white glove building with an exclusive fitness center (inclusive in the rental price), adaptable entertaining room, 24-hr library equipped with wifi, gaming room with billiards table, childrens playroom and the building is located on the Hudson River promenade.
The Avery Condominium
100 Riverside Boulevard
Upper West Side
- Water view
- Washer/Dryer
- Water front
tel: 646.262.1800
mobile: 646.262.1800
Comments Off East 40s Turtle Bay, Manhattan Real Estate, Massive 1 Bedroom, 1 Bath Condo
Situated on the Northeast side of this stunning high-rise condo. The views from all rooms are wide open and very bright. There are high ceilings, oversize windows and gorgeous hardwood floors. This apartment also has a balcony, a new modern kitchen featuring professional grade stainless steel appliances that opens to dining room. Plenty of space and lots of closets, which is a rare find for the city!The building features a 24-hour doorman/concierge, laundry room, on-site parking and a roof deck with breath taking views. Very motivated seller!!!!
Contact Kelcey Gosserand for an exclusive tour.
Turtle Bay
None
- Dining Room
- Balcony
- Dishwasher
- Garden/Patio
- Hardwood Floors
tel: 212.252.8772 x407
mobile: 347-641-9736
tel: 718.415.9829
mobile: 646 801.2323
Comments Off COLUMBIA UNIVERSITY AREA PRE-WAR CO-OP LARGE 2 BEDS 1 BATH
NEW LISTING .........Charming two bedrooms, one bathroom, Pre-War Co-Op apartment steps to Columbia University and Morningside Park.
Entrance foyer, open to charming living room with large windows a great space to furnished, Master bedroom has double exposures south and West, 2nd bedroom with double windows facing south could also be a library or dining room. Windowed tile bathroom with a jacuzzi-shower tub, large windowed kitchen with dishwasher, large enough to fit a dinning table.
All the Pre-War charm, hardwood inlaid floors, 12 feet high ceiling, base molding, deep closet space. The apartment has great sun as it is facing south into the back of the building very quiet serene space. Laundry room on site; pet friendly building; elevator; great marble entrance.
Fabulous location, steps to Columbia University, great transportation short distance to the B,D,A and C trains, as well as major buses. Walk to Amsterdam and in your block you have a row of great restaurants, Max Caffe, Sezz Medi for Italian, Saga Japanese, La Salle Ice cream, Esa Bet Cafe Ethiopean cuisine, kitchenette american, Max Soha International and much more.
Call now for a private appointment to see your new HOME.
510 West 123rd Street
510 W 123rd St
Morningside Heights
- Jacuzzi
- Dishwasher
- Hardwood Floors
tel: 646-443-3735
mobile: 917-679-1211
tel: 646-443-3705
mobile: 347-981-1695
Comments Off 21st century artistic metamorphosis 1300s/f LOFT CONDOMINIUM! NEW CONSTRUCTION
Broker Summary15 USW is the 21st century artistic metamorphosis of Tiffany & Company's 19th century headquarters overlooking historic Union Square Park. The dramatic original cast-iron arched windows are now set behind a new facade of black zinc and glass. The new addition has created six floors of unique penthouses with oversized terraces and gas fireplaces. This boutique condominium features 36 residences and amenities spaces custom designed by renowned interior designer Vincent Wolf with an exclusive line of kitchen and bathroom fixtures manufactured by Sherle Wagner. 15 USW offers luxurious five star hotel-worthy amenities including 24 hour doorman, onsite concierge services by Luxury Attach , valet parking, a beautiful designed spa including a 50' lap pool with oversized whirlpool, and a state-of-the-art fitness center with yoga studio.15 Union Square West New York New York 10003 UNITED STATES
Union Square
mobile: 917-539-8057
Comments Off Duke Realty Acquires Royal Palm Buildings
PLANTATION, FL-Duke Realty is on an acquisition roll even as its office properties defy Broward County vacancy rates.
Comments Off City signs 20-year lease at MetroTech
The Department of Citywide Administrative Services has signed a lease for 81,800 square feet at 2 MetroTech Center in Downtown Brooklyn, where the asking rent was $35 a square foot, Crain’s reported. The space, which is under a 20-year lease that officially began in May, will be used by the city's Department of Information Technology and Telecommunications for offices and a data center. A build-out of the space is expected to begin this week and the agency is slated to move in during the first quarter of next year. [more]
Comments Off U.S. construction spending hits 10-year low
Construction spending fell nationwide for the third month in a row in July 2010, this time to its lowest level in 10 years, according to a report released today by the U.S. Department of Commerce. July's $805 billion annual spending rate was 1 percent below June's $813.1 billion rate and 10.7 percent below the $901.2 billion level recorded in July 2009. The private residential construction sector, which has been battered by gloomy reports since the expiration of the federal homebuyer tax credit in June, saw a 2.6 percent decline in spending -- to an annual rate of $240.3 billion -- since June but a 5.5 percent increase over July 2009. [more]
Comments Off Pols, real estate pros divided on new disclosure law
Mayor Michael Bloomberg, Terrance Oved and Stephen Meister
Comments Off Builder Bummer: Big Land Auction Cancelled
Today we wrote about the excitement surrounding a big California land auction that was set for Thursday. Well, the bidders should just stay home.
Comments Off One Michigan County Offers Free Land
Muskegon County in Michigan is bartering land for jobs as its unemployment rate soars past the national average.
Comments Off