Posts Tagged: new york city

16 Predictions for New York City’s Housing Market in 2016

The year 2015 was all about records: new heights for sales prices, rentals … and the number of applications to affordable housing lotteries. But the market began to shift late in the year: sales price growth cooled, and landlords offered more concessions amid rising vacancies for rentals. Both are trends some brokers predict will continue…. Read more »

Some NYC Supertalls May Not Survive A Market Slowdown

New York City’s top developers are becoming all too aware of a slowdown on the top end of the real estate market. Though there are no forecasts projecting an imminent crash, some high-profile builders say they’re seeing the velocity of sales in high-end buildings start to wane amid increased competition in the luxury segment 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 »

Homelessness and Empty Stores the New Normal in NYC

If you’ve been out and about in Manhattan over the past six weeks and you have eyes and ears, you know something’s happening — something worrisome. The urban streetscape is degrading. Take a walk down Broadway on the Upper West Side from the 100s to the 70s, as I did Sunday, and you’ll see it… Read more »

New York City’s Ten Most Absurdly Expensive Homes

New York ranks third in the world for the highest residential real estate prices per square foot, according to a recent report by Savills World Research. When we asked online real estate and rental marketplace Zillow to comb its database for the most expensive listings across New York’s five boroughs, we weren’t surprised to learn… Read more »

New York City’s Gay Bar Gayborhoods

Today’s post about the coming closure of Candle Bar prompted JMG reader John to tip us to OUTgoing, a recently-launched project to map all of the former and current gay bars in New York City history. Citylab reports: Jeff Ferzoco has created an interactive map, OUTgoing, that captures the ever-unfolding history of New York’s LGBT… Read more »

New Supertall Condo Tower Planned for the Rich

When plans first emerged for New York City’s Nordstrom Tower, it was plain that its designers meant to defer to One World Trade Center. At 1,775 feet in height, the new supertall designed by Adrian Smith and Gordon Gill fell just one foot shy of the record for the tallest building in the city (and… Read more »

Million Dollar Parking Spaces at New NYC Condo Building

In the tiny club of women who work in the male-dominated profession of architecture, Annabelle Selldorf looms large. Since founding her firm in 1988, Selldorf has created a string of spare, clean-lined museums, galleries, and apartment buildings across Manhattan that may be small-scale and understated by current starchitect standards (she’s been nicknamed the “Queen of… Read more »

New York Drops to Fourth in List of Cities for the Super Wealthy

The yearly Knight Frank’s Wealth Report that surveys the movements of the global ultra-rich has been released (h/t CityLab), and–truly, surprise!–New York City’s status amongst the moneyed elite has dropped three places to rest as the number four city most populated by individuals who have amassed over $30 million in personal wealth. What’s eyebrow-raising is… Read more »

The New York City We Love is Disappearing

Wherever the towers of big development rise, the rents rise with them. And as the rents hit nosebleed heights, New York vanishes. Neighborhood by neighborhood, borough by borough, this is how you kill a city. From the glitzy corridor of the High Line in Manhattan, to the Downtown Brooklyn neighborhood around the Barclays Center to… 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 »

Is the New York City Real Estate Market a Bubble?

A prominent real estate bigwig caused a stir Thursday by admitting that the New York City residential property market is a big bubble waiting to pop. “If real estate was a publicly traded company and I could short its stock, I would very happily short 57th Street,” said Ofer Yardeni, CEO at real estate development… Read more »

Half of Midtown NYC’s Super Luxury Condos Sit Vacant

In a story that basically confirms everything New Yorkers already believed about the proliferation of foreign buyers who own stash pads here, the Times quantifies the suspicion that a heckuva lot of apartments around the southern end of Central Park are owned by out-of-towners. (The paper of record, by the way, likes to revisit this… Read more »

Statue of Liberty as a Condo Conversion?

A NY satirist takes the current trend of converting historic buildings into condos for the rich to its logical conclusion: As a condominium complex, “the landmark offers privacy, security, exclusivity and the feeling that you are part of history. One lucky penthouse owner will be able to experience breathtaking 360 degree views of the city… 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 »

Nordstrom “SuperTall” Tower Joins Others Changing City Skyline

217 West 57th Street’s design remains in flux, but using the detailed blueprints YIMBY received earlier this summer — for the tentatively 1,775 foot tower — its overall impact on the skyline can now be rendered. Though official images from Extell remain lacking, the latest glimpse depicts the 92-story supertall’s appearance from several perspectives, and… Read more »

New Buildings in Midtown New York to Rival Height of World Trade Center

Several skyscrapers now going up on the south end of Central Park in midtown will eclipse the height of the Empire State Building. Today New York YIMBY reveals a similar “super-luxury” condo tower planned for our billionaire overlords in the financial district. YIMBY has the reveal for 125 Greenwich Street, which will become Downtown’s tallest… Read more »

Manhattan Condo Prices Decline the Most in Three Years

Manhattan condominium prices fell in April by the most in more than three years, a sign the market is slowing during the busiest selling season. Sale prices for previously owned units dropped 1.4 percent from March, the biggest decline since September 2010, after four consecutive monthly increases, according to a report today by real estate… Read more »

New York City Real Estate Inventory At New Low

From the Upper East Side to East New York, would-be homebuyers are facing a massive inventory crunch this spring. Add to that rapidly rising prices in Manhattan and Brooklyn, limited new development geared to the luxury market, and underwater homes hampering many locals’ ability to sell, and it all equals a tough market for many… Read more »

Radio City Post Office Condo Plan Raises Concerns

Neighborhood residents are angry about the pending addition of a two-story, 48-unit luxury condominium to the top of the Radio City Post Office. With building permits okayed by the city at the end of last year, residents are arguing that the addition, which could provide some much needed cash-flow to the struggling USPS, would compromise… Read more »

Ten Huge Apartments For Sale in New York City

Time for a little fantasy living – Jeremiah Budin has compiled a list of the ten largest apartments for sale in NYC. Curbed reports: One of the biggest concessions of living in New York City is giving up the dream of having what most people would call “a reasonable amount of space,” and instead squeezing… Read more »

Featured Gay Friendly Realtor: Philip Altland, New York City

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. Philip Altland combines 30 years of experience in New York real estate with today’s technology. See Philip’s Expanded Listing on Gay Realty Network Here Gay Friendly Realtors and Real… Read more »

Is Astoria New York City’s Newest Gayborhood?

Move over, Hell’s Kitchen and Chelsea. Astoria is poised to become the city’s next ‘gayborhood’ with the opening of three bars and dance clubs that could turn the increasingly desirable neighborhood into a destination for the LGBT community in Queens. Icon, which boasts a white leather bar with Swarovski crystals, and Static Lounge, which is… Read more »

What’s New in NYC

New York is a city in perpetual transformation. In autumn, when seasonal changes abound, the pace intensifies as visitors and locals alike gallop in hot pursuit to discover (or rediscover) places that reflect the city’s passion for bold inventiveness. Listen to Josh Held, of Josh Held Design, describe the ever-morphing New York scene. Held makes… Read more »

“Billionaire’s Condo Building” Approved in New York

One of the proposed Manhattan super-skyscrapers that I mentioned last month has been approved by the city. At a comparative height of more than 100 floors, it will have only 100 apartments. Ever want to look down on the Empire State Building? How about from your apartment? In three years, well-heeled buyers will be able… Read more »

New York City Announces Urban Renewal Project

The city on Wednesday announced plans for a residential, commercial and cultural complex on a large swath of undeveloped land on Manhattan’s Lower East Side. Long known as the Seward Park Renewal Area project, the new Essex Crossing complex will be built on nine city-owned lots over a span of many years. It will include… Read more »

New York to Get New Condo Super Towers

The astounding condo sales for the nearly completed One57 at the southern edge of Central Park has spurred the construction of three more super-skyscrapers, all of which will be even taller and will challenge national height records for residential buildings. Gizmodo has published a breakdown of the coming towers and the one in the center… 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.

New York’s Ultra-Luxury Condo Market Booming

If you’re in NYC and you’re richer than God, you’ll be happy about this. Otherwise, not so much. Joe.My.God reports: Ultraluxury housing and construction is booming across Manhattan, which is now beginning to rival London in popularity with the world’s wealthy. The number of condominium buildings in the borough with apartments selling for more than… Read more »

Featured Gay Friendly Realtor: Philip Altland, 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. Philip has been in business since 1978. Douglas Elliman is the largest residential real estate firm in New York City with 860 brokers. Today, Philip is proud to call… Read more »

New City Rising in New York’s Hudson Yards

New York lost the 2012 Olympics, but the city’s bid for the summer games spurred another, visionary venture: building up the largest undeveloped parcel in Manhattan. While London got the games, New York was left with the best opportunity for development remaining in town. On Manhattan’s West Side, the old Hudson rail storage yards are… Read more »

Lesbian Couple Win Legal Victory Over NYC landlord

A lesbian couple in New York City scored a victory Wednesday when their building’s landlord and management company agreed to comply with city and state laws and put both women’s names on the lease for their rent-stabilized Harlem apartment. Regina Hawkins-Balducci had sought to add her spouse’s name to the lease after the couple married… Read more »

Featured Gay Friendly Realtor: Fernando Branco, New York City

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. Gay Friendly New Yorkn Realtors and Real Estate Professionals Fernando is an active member of the New York Board of Realtors, as well as the Westchester Board of Realtors,… Read more »

Featured Gay Friendly Realtor: David Drake, New York City

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. Gay Friendly New York Realtors and Real Estate Professionals David brings availability, attentive listening, great customer service and dedication to his relationships with each of his clients. Success in… Read more »

New York Real Estate Prices Still Dropping

Despite a big pick up in the number of commercial buildings sold last year, as well as in the total sales prices, average property values are still sinking. Citywide property values in 2010, based on price per square foot, fell 8.4% last year from 2009 levels, according to year-end figures released Wednesday by Massey Knakal… Read more »

Featured Gay Friendly Realtor: Philip Altland, 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. Gay Friendly New York City Realtors and Real Estate Professionals Philip has been in business since 1978. Douglas Elliman is the largest residential real estate firm in New York… Read more »