The population of the United States is graying. Between 1990 and 2000, the number of Americans aged 60 and older grew by almost 4 million. Improved health care and resources are enabling people to lead longer, healthier lives, forcing m…
The Cooperator’s 15th annual Co-op and Condo Expo, which took place February 25 at the New York Hilton, provided a unique opportunity for prospective co-op and condo buyers, shareholders and unit owners, real estate brokers, board members…
After an era of giddy figures–with the average price of an apartment in Manhattan closing in on $1 million–New York City’s residential real estate market has started to lose its sense of certainty. Any broker asked about the state of affair…
No market can continue to sustain the astonishingly high prices that New York cooperatives and condominiums brought last year. The moderation of prices we are experiencing in 2001 represents a return to a more rational marketplace in which …
The new millennium has taken the real estate industry for a pretty wild ride. Nothing but up, up and away have gone prices, with inventory availability down to a severe low, keeping it interesting. Yet real estate is a still hot commodity…a…
From the outside, it’s impossible to tell a co-op from a condo–there’s no physical difference between the two. However, as more and more are considering the concept of co-op to condo conversion, real questions about its possible benefits an…
The following is the text of a speech Adrienne Albert, president of Manhattan real estate brokerage firm The Marketing Directors, gave at the monthly luncheon meeting of Associated Builders and Owners this past September. I was aske…
Manhattan’s Upper East Side, at least in the prime real estate areas, is chock-full of parks and greenery, but lacks a convenient subway line. Wall Street area residents, on the other hand, have great subway accessibility–but not much of an…
In the final years of the 20th Century, buyers of Manhattan residential real estate faced the Herculean task of facing the capital gains tax law, which eliminated the "rollover" of capital gains from the sale of one primary residence to the…
By all accounts, 1999 was a banner year for New York real estate. On virtually all fronts, 1999 broke all previous records both in the market in general, and here at William B. May. Prices at every level have increased. Large apartments wer…