One could be forgiven for growing tired of reading about how expensive New York City real estate is. The prices trend ever upward--everybody gets it. But the curiosity of even the most cynical spectator might be piqued if he or she knew the…
The main takeaways that describe the Brooklyn and Queens residential market in the first quarter of 2018 were record-setting prices and slow sales, according to Douglas Elliman's most recent 1Q 2018 report. For Brooklyn condos, the ave…
The power of a co-op board to approve or reject sales, as well as co-op applicants, is pretty much unlimited -- as long as the decision is made within the limits of applicable law. Boards require extensive information and documentation -- k…
The new federal tax law and rising mortgage rates were among the factors that contributed to the decline of Manhattan co-op and condo sales year-over-year during the first quarter of 2018, according to the latest report released on Tues…
To many people outside New York City, the very word ‘condo’ conjures up an image of an ultra-modern apartment located in a high-rise building with dramatic views. But that’s for the movies. First of all, condos, like any other type of apart…
A conflict appears to be brewing between a local preservation group and New York City’s Department of Buildings over an Upper East Side condo tower project that the latter approved. According to a piece last December in Crain's New Yor…
Market wide, sales prices for co-ops and condos in Manhattan have been rising steadily year-over-year for the fifth consecutive year. That is according to the latest study, 2017 Manhattan Decade Sales Report , released by Douglas El…
Brooklyn’s residential co-op and condominium market ended last year positively, sustaining the market’s expansion, although with a slowdown in closed transactions, according to Corcoran’s recent 4Q 2017 report . “Closed sales...took a…
Apparently the reputation of the legendary Dakota isn't even enough to attract buyers these days. According to the New York Pos t , two apartments at the Upper West Side pre-war co-op building belonging to singer Roberta Flack …
It was a mixed fourth quarter 2017 for condo sales prices in Manhattan, while co-ops did slightly better, according to the latest quarterly sales report by Douglas Elliman for the aforementioned borough. According to the study, the …