Posts Tagged: NYC

Is the New York Real Estate Market About to Crash?

The tallest residential structure in the Western Hemisphere sits at 432 Park Avenue in New York City. Standing at nearly 1,400 feet, there are 141 apartments for sale in a building where there average selling price is $21 million, ten times the price of an “average” Manhattan apartment! But here’s the thing, despite all the… Read more »

New York City Housing Prices Set Record

Manhattan apartment prices reached new highs in 2015, with the typical price of a co-op or condominium topping $1 million for the first time as the year drew to a close. The new benchmark, in the fourth quarter, was a milestone in the rising cost, and for many the unaffordability, of homeownership in New York… 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 »

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 »

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 »

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 »