Manhattan Apartments

As Foreclosures Trickle Up, Hamptons Home Goes to Auction

admin — Thu, 02 Sep 2010 17:42:26 +0000

A Hamptons home heads for the auction block as foreclosures trickle up.

Trump to Letterman: Downtown mosque project is “insensitive”

admin — Thu, 02 Sep 2010 17:00:00 +0000

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.

Pending home sales show some stability

admin — Thu, 02 Sep 2010 16:30:00 +0000

Despite the recent bleak housing news following the expiration of the first-time homebuyer tax credit, pending home sales are showing some stability, according to a National Association of Realtors report released today. The NAR's Pending Home Sales Index, which calculates the number of signed contracts nationwide, climbed 5.2 percent to 79.4 percent in July, compared to June. Still, July's index reading was 19.1 percent below the same month a year earlier, leading Lawrence Yun, NAR's chief economist, to believe that a full recovery may be a long way off. "The recovery looks to be a long process," Yun said. "For those who bought at or near the peak several years ago... it may take over a decade to fully recover lost equity." See Yun discuss the housing market above. TRD

More foreclosures means fewer voters: experts

admin — Thu, 02 Sep 2010 16:00:00 +0000

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]

Ginsberg’s EV apartment rents in five hours

admin — Thu, 02 Sep 2010 15:30:00 +0000

Allen Ginsberg and his (renovated) apartment at 437 East 12th Street

After just a short turn on the market, the East Village apartment that poet Allen Ginsberg once lived in has been snapped up, according to the Observer. The one-bedroom, walk-up apartment at 437 East 12th Street between Avenue A and First Avenue came online last week with an asking rent of $1,700 a month. The apartment was a hot ticket, according to listing agent Daniel Kramp of City Connections Realty. [more]

Real Estate News: Pending Sales Rise in July

admin — Thu, 02 Sep 2010 15:15:03 +0000

Here's a look at the real estate news in today's WSJ:
Residential Properties Ltd.
Pending Home Sales Rise in July: Stocks gained on Thursday after the National Association of Realtors reported that pending sales rose by 5.2% in July. Five Mistakes Home Buyers Make: From snubbing the real-estate agent, to failing to determine how much a buyer can truly afford, this list should help avoid some common pitfalls. Surprising Shelter: Real-Estate Funds Gain: Despite continued bad news about the economy and real estate's role in it, mutual funds and exchange-traded funds in the real-estate sector have rebounded during this past year. Fed's Pianalto: Multiple Solutions Needed on Housing: The housing crisis needs multiple, coordinated policy solutions, Federal Reserve Bank of Cleveland President Sandra Pianalto told a conference on Thursday. House of the Day: Providence Poet House: The poet who's lived in this 6,800-square-foot former carriage house finds it well-suited for writing. The Rhode Island home features seven bedrooms and an indoor fire pit.

Agents skeptical about Tiger reports

admin — Thu, 02 Sep 2010 15:00:00 +0000

Tiger Woods and 421 Hudson Street

Though Us Weekly first reported that golfer Tiger Woods had moved into an apartment downtown -- the Printing House condo at 421 Hudson Street, according to Curbed and the Daily News -- real estate insiders say it's either wishful thinking or a stunt pulled by a landlord to promote his building. "No way Tiger would live there,” a broker told The Post. If it really was Tiger who had been seen moving boxes into the building -- a run-down 1980s conversion with leaky ceilings -- maybe he was helping out a girlfriend, brokers told the Post. [more]

Great 1BR Rental – Columbia University – Morningside

admin — Thu, 02 Sep 2010 14:58:38 +0000

WebID 29179

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

Philip Feiner

tel: 646.443.3721

mobile: 212-495-9927

philipf@nestseekers.com

Brokers, websites battle to control listings

admin — Thu, 02 Sep 2010 14:30:00 +0000

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]

After two hot months, Manhattan apartment sales cool off in July

admin — Thu, 02 Sep 2010 14:00:00 +0000

Click the image for a larger version (source: PropertyShark)

While Manhattan apartment closings jumped by more than 75 percent year-over-year in both May and June, that sales bump all but evaporated in July, according to PropertyShark.com. In the first month since the expiration of the federal homebuyer tax credit, which doled out $8,000 each to buyers who closed by June 30, apartment sales increased by just 1.9 percent over July 2009. A little over 1,000 apartments closed in the borough during the month, public records show. TRD [more]

City’s CMBS market least distressed in U.S.

admin — Thu, 02 Sep 2010 13:30:00 +0000

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]

CNBC, Trulia debut new home traffic report

admin — Thu, 02 Sep 2010 13:00:00 +0000

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.

LMDC aims to rescue businesses suffering from public construction-related losses

admin — Thu, 02 Sep 2010 12:30:00 +0000

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]

Inside the Ohm with Darryl Strawberry, Hovnanian’s third-quarter loss worse than expected … and more

admin — Thu, 02 Sep 2010 12:00:00 +0000

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]

Highest Floor 1BR with River View in the Avery

admin — Thu, 02 Sep 2010 08:47:52 +0000

WebID 24307

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

Amir Cohen

tel: 646.262.1800

mobile: 646.262.1800

amirc@nestseekers.com

East 40s Turtle Bay, Manhattan Real Estate, Massive 1 Bedroom, 1 Bath Condo

admin — Thu, 02 Sep 2010 06:22:15 +0000

WebID 29250

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

Kelcey D. Gosserand

tel: 212.252.8772 x407

mobile: 347-641-9736

kelceyg@nestseekers.com

Jason L. Hargrove

tel: 718.415.9829

mobile: 646 801.2323

jasonh@nestseekers.com

COLUMBIA UNIVERSITY AREA PRE-WAR CO-OP LARGE 2 BEDS 1 BATH

admin — Thu, 02 Sep 2010 06:22:14 +0000

WebID 29253

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

Wendy Jackson

tel: 646-443-3735

mobile: 917-679-1211

wendyj@nestseekers.com

Ben Lieblein

tel: 646-443-3705

mobile: 347-981-1695

benl@nestseekers.com

21st century artistic metamorphosis 1300s/f LOFT CONDOMINIUM! NEW CONSTRUCTION

admin — Thu, 02 Sep 2010 06:22:14 +0000

WebID 29268

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

Maor Shefer

mobile: 917-539-8057

maors@nestseekers.com

Duke Realty Acquires Royal Palm Buildings

admin — Thu, 02 Sep 2010 00:12:00 +0000

PLANTATION, FL-Duke Realty is on an acquisition roll even as its office properties defy Broward County vacancy rates.

City signs 20-year lease at MetroTech

admin — Wed, 01 Sep 2010 22:30:00 +0000

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]

U.S. construction spending hits 10-year low

admin — Wed, 01 Sep 2010 22:00:00 +0000

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]

Pols, real estate pros divided on new disclosure law

admin — Wed, 01 Sep 2010 21:30:00 +0000

Mayor Michael Bloomberg, Terrance Oved and Stephen Meister

Elected officials and advocates praised a new law passed by the City Council last week that requires far more disclosure from apartment building investors, and predictably, real estate insiders criticized it as overkill. Yet there is one puzzling question with the new law: It was justified by and based on a decades-old law that the city has not adhered to in years. In the 1980s, when real estate investors were snapping up single room occupancy hotels and converting them to standard apartments, the city passed legislation that required individuals who own more than 25 percent of an SRO to register with the city’s Department of Housing Preservation and Development. However, for at least nearly 20 years, the agency has never tabulated the information. In fact the current form the city uses for the required registration of multiple dwelling buildings does not even contain a field to enter such data (see the registration form after the jump). An official from HPD made the surprising admission in city council hearings in June that its computer system, called Premises, would have to be reprogrammed to contain the additional data. [more]

Builder Bummer: Big Land Auction Cancelled

admin — Wed, 01 Sep 2010 20:53:54 +0000

Today we wrote about the excitement surrounding a big California land auction that was set for Thursday. Well, the bidders should just stay home.

One Michigan County Offers Free Land

admin — Wed, 01 Sep 2010 19:21:35 +0000

Muskegon County in Michigan is bartering land for jobs as its unemployment rate soars past the national average.