Posts Tagged: manhattan

What The Average Manhattan Rent Could Get You Abroad

Finding a home in Manhattan is notoriously hard, with rents steadily on the rise and an ever-growing influx of people looking to make the borough their home. For February 2016, MNS Real Estate reports the average Manhattan rent to be sitting at $3,850 (€3,411, £2,658), after spiking over $4,000 (€3,563, £2,812) towards the end of… Read more »

Rents in Brooklyn and Queens Nearly As Pricey as Manhattan

Median Manhattan sales prices have reached a new high just shy of $1 million since the recession, and median rent in the borough is expected to follow suit and reach $3,092 in 2015. While that’s not all that surprising—everyone knows Manhattan is expensive—and at this point, it’s not even all that surprising that some Brooklyn… Read more »

Manhattan Condo Prices at Record High

The final quarter of 2014 rounded out a banner year for price growth in the Manhattan real estate market. Manhattan condo prices rose 8.4 percent year-over-year to hit a record high in December, marking a 24-month rally in price growth fueled by low inventory. However, stabilizing days on market, slowing price growth, and a slight… Read more »

Record High Apartment Prices in Manhattan

The average apartment price in Manhattan hit a record $1.72 million in 2014, as the New York wealthy and overseas rich continue to seek safety in the New York skyline. While sales volume is slowing, prices continue to rise in New York as strong demand competes for historically low supply. The average sale price for… Read more »

This is Why Manhattan Needs Mass Transit

A single visit to Manhattan makes it pretty obvious that most people there depend on the subway, buses, bikes, cabs, and walking for transportation. Just 16 percent of people who commute into Manhattan for work do so by car — by far, the lowest percentage of any US city. But what would Manhattan look like… Read more »

Featured Gay Real Estate Agent: John Gasdaska, New York, New York

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. With over 15 years selling luxury Manhattan real estate, I’d love to assist in all of your real estate needs. Manhattan is the center of world culture, finance, art,… Read more »

New Manhattan Supertall Proposed

As I’ve noted in several recent posts, Manhattan is going through an unprecedented boom of new supertall skyscrapers, many of which are mixed-use hotel/retail/condo combos. New York YIMBY provides a look at One Vanderbilt, which will loom over Grand Central Terminal on Manhattan’s east side. Among New York’s existing supertalls, the 1,450-foot building will be… Read more »

Manhattan Condo Inventory, Prices Up

The Manhattan condo market saw a spike in the number of available units and prices in July, according to a real estate report released Thursday. StreetEasy’s report said the despite the 5.4% growth of inventory between July 2013 and this year, the number of available units is 16.2% below the five-year average level of inventory…. Read more »

Animation: See How Midtown Manhattan Grew

Just ran across this cool YouTube animation of how the hi-rises grew in midtown Manhattan over 163 years over at Joe.My.God – enjoy: Gothamist tips us to the below animated rendering of how midtown Manhattan grew skyward from the 1850s onward. The last few seconds depict the monster super-skyscrapers currently under construction.

Manhattan Rents Surge Again

It may or may not be a leading sign of economic recovery, but rents in Manhattan are surging back to their all-time high. Manhattan apartment rents continued to soar through the roof in January and are now getting close to hitting historic highs. The average price of a rental apartment was a whopping $3,352, up… Read more »

NY: The West 70’s – Manhattan’s Suburbs

WHEN Paul Kahn was growing up on the Upper West Side in the 1980s, he recalled recently, it was pleasant and livable but a neighborhood that might seem surprising in hindsight. There were some blocks his parents didn’t let him walk on; many children, himself included, went to private school; and his Little League, which… Read more »

Manhattan Seeing Residential Real Estate Boom

Early last year, Michael Weiss began attending tenant board meetings at the Brooklyner, Avalon Fort Greene and a handful of other luxury residential towers in downtown Brooklyn. In October, Mr. Weiss, director of the MetroTech Business Improvement District, threw the group’s first neighborhood block party on Bridge Street, with live music, rides and food. He… Read more »

NY: Manhattan Condo Prices Dropped in November

In November, prices fell by 2.9% to $1,037.63 per square foot from October, according to real-estate data company Radar Logic’s monthly RPX index. The decline marks a reversal from the upward trajectory Manhattan condo prices have been on since hitting a four-year low of $932.42 per square foot in May 2009. Since then, the city’s… Read more »