Archives for category: Brooklyn Real Estate

2019 – Year of the Buyer

April 22, 2019 //

Hi,

It feels good to be back into writing about real estate! I’ve spent the past 2 years working and consulting for real estate technology companies, where I gained a tremendous amount of knowledge in capturing, interpreting and turning real estate data into actionable decision making tools. Equipped with this new set of skills, it’s time to make it beneficial to my audience of Real Estate enthusiasts, prospective buyers, sellers and investors.

On this newsletter‘s agenda, we’ll go over the 2018 year-end market snapshot and analysis to see how Manhattan, Brooklyn and Queens have been evolving in a market where the power has turned back into the buyers hands. To follow, I included a NY economic snapshot to reveal the health and constant growth of the Big Apple, as well as a guide to home buying and investing. Finally, I concocted a selection of very sought after New Developments within the most active price segments.

Tags 1 clinton, 130 william street, 40 bleecker, brooklyn condo, brooklyn luxury real estate, brooklyn multifamily, brooklyn real estate, Brooklyn townhouse brownstone prospect heights, Dumbo, dumbo condo, dumbo real estate, FiDi, Hudson Yards, Long Island City, Manhattan condo, Manhattan condominium, Manhattan luxury apartment, Manhattan Real Estate, Manhattan sales luxury condominiums co-ops New York, Noho, Nolita, waterline square

Categories brooklyn condo, Brooklyn Real Estate, immobilier Brooklyn, immobilier new york, Luxury Real Estate Hamptons, Luxury Real Estate Manhattan, New Development Brooklyn, New Development Manhattan, real estate investment

Brooklyn New Development Memorandum – Year End 2016

February 28, 2017 //

Brooklyn Real Estate market had a solid 2016 year despite a slight drop in sales volume (-14%), which can mainly be attributed to an inventory drop of lower price point properties (<$500K) mostly replenished by new products exceeding the $1-$2M range. Prices across the board are up with an average price of $797K (+16%), median of $625K (+12%) and average PPSF of $884 (+10%). This is the first year the median price surpassed its previous high in 2008!

Sales over $2M have surged (+140% y-o-y) with DUMBO and BK Heights claiming 60% of all the sales in that price category. With more New Developments coming into the market (about 2,500 units to be launched in the next 12 months), the price trends should continue to progress as consumers target New Developments over resale condos and co-ops.

For more information, please consult the Brooklyn New Development Memorandum here!

Categories brooklyn condo, Brooklyn Real Estate, immobilier Brooklyn, New Development Brooklyn, real estate investment

Q1 2016 New York Real Estate Newsletter

April 24, 2016 //

Hi,

2016 started on different paths for Manhattan and Brooklyn. Manhattan became more expensive than ever while experiencing a slowdown in number of sales, while Brooklyn keeps cruising with strong fundamentals to back up some sustainability to this trend.

However, some hope remains for the Manhattan buyer! This Newsletter will show how the pipeline of Q1 2016 approved condominium plans will bring a drop of the average price for future products. While some developments remain very high profile, entry level and mid-luxury developments are demonstrating signs of resistance.

To that extend, I’ll bring some thoughts about where to look for some of these values in Manhattan now and for products being delivered in the next couple months.

Finally, Brooklyn will get a focus on Dumbo, an area which development model is inspiring the rest of the Borough’s up and coming neighborhoods.

I truly hope that this newsletter will be beneficial and informative while shaping your real estate plans. I remain available to consult with you at your convenience.

Cheers!

Categories Brooklyn Real Estate, immobilier Brooklyn, immobilier new york, Luxury Real Estate Hamptons, Luxury Real Estate Manhattan, New Development Manhattan, real estate investment

Q3 2015 New York Real Estate Newsletter

November 16, 2015 //

Breaking News! New York City recently fell down the list of nation’s priciest Zip Codes, owning only 2 spots versus 6 a year ago! Something must be happening! This 3rd quarter 2015 newsletter will support some signs of a possible slow down in the Manhattan Market based on the price level/inventory and sales volume data.

On the other hand, Manhattan’s best neighbor, Brooklyn, is pursuing its growth stage supported by an escalating demand for properties ranging from entry level to luxury apartments.

Finally, the New Development pipeline section will focus on the number and quality level of units scheduled for delivery from 2016 to 2018 in Manhattan, which could spark some worries in the Super and Ultra Luxury products offerings.

I truly hope that this newsletter will be beneficial and informative while shaping your real estate plans. I remain available to consult with you at your convenience.

Cheers,

Tags condo, condominium New York, condominiums, corcoran, Downtown, Financial District, high end real estate, High Line, immobilier Manhattan, Immobilier New York, investir immobilier, investir immobilier New York, investir Manhattan, Luxury condominiums, Luxury sales, manhattan, new development Manhattan, Tribeca, West Chelsea

Categories Brooklyn Real Estate, immobilier Brooklyn, immobilier new york, Luxury Real Estate Hamptons, Luxury Real Estate Manhattan, New Development Manhattan, real estate investment, Uncategorized

Q1 2015 New York Newsletter

April 26, 2015 //

Hi,

Finally! Spring has arrived with a blooming enthusiasm from home hunters taking on their search for a new nest and hoping for more inventories to hit the market. These hopes seem realistic at first since the market is moving ahead from a month of February 2015 that recorded a new historical low level of inventory with only half the number of condos than the pre-2008 average. However, the demand for housing has not decelerated, keeping high the challenges to buy a property in New York.

In this Q1 2015 Newsletter and moving forward, both Manhattan and Brooklyn are getting their equal share of market snapshots and reports, with a new format of the Corcoran Market reports.

This Newsletter highlights the dynamic of key real estate metrics and bring them in parallel with the economic and demographic activities that have been and keeps contributing to the emancipation of New York City.

I wish you a great Spring season and welcome your Real Estate questions.

Cheers,

Q1 2015 Newsletter

Tags 432 Park Avenue, billionaires row, Boerum hill, brooklyn Brownstone, brooklyn condo, brooklyn heights, brooklyn multifamily, brooklyn real estate, Chelsea, downtown brooklyn, Dumbo, google, hotel manhattan, luxury real estate Manhattan, Manhattan condo, Manhattan Real Estate, New York Condominium, One57, Tribeca, West Chelsea, Williamsburg

Categories Brooklyn Real Estate, immobilier Brooklyn, immobilier new york, Luxury Real Estate Manhattan, real estate investment

Q4 2014 New York Newsletter

January 28, 2015 //

HI,

I hope you are having a great start of 2015 and wish you great health and success for this exciting new year!

2014 has seen several records shattered in many market segments and locations. A recap of the Manhattan Q4 2014 report is bringing new insight about what moved the market over the past 12 months with some perspective on the current level of inventory.

With the upcoming of about 6,500 new units on the market (almost 50% already in contract), I also found it necessary to talk about the concept of New Developments, explain what they are, and which segments of the market they’ll be affecting in the next year.

Finally, Brooklyn’s sellers’ market is becoming more and more challenging to navigate with a highly competitive pool of buyers, increasing prices, low inventories, and only a few New Developments scheduled to hit the market. (Brooklyn Q4 2014 included)

I truly hope that this newsletter will be beneficial and informative while shaping your future real estate plans. Please feel free to contact me should you want to consult on your real estate projects.

Cheers,

Q4_14_Newsletter

Tags 15 CPW, 18 Gramercy Park South, 225 Rector Place, 432 Park Avenue, 56 Leonard, 61 fifth avenue, Ace Hotel, Brooklyn, brooklyn condo, brooklyn heights, brooklyn real estate, brooklyn townhouse, Brooklyn townhouse brownstone prospect heights, Chelsea, cobble hill, condo, condominium New York, condominiums, corcoran, Downtown, downtown brooklyn, duplex, economy, Financial District, fort greene, gramercy park, greenwich village, high end Manhattan Real Estate, high end real estate, High Line, Hudson Yards, immobilier Manhattan, Immobilier New York, investir immobilier, investir immobilier New York, investir Manhattan, investir New York, Lower East Side, Luxury condominiums, Luxury home, Luxury Homes, luxury real estate, luxury Real Estate New York, luxury residences, Luxury sales, Madison Square Park, manhattan, Manhattan condo, Manhattan condominium, Manhattan luxury apartment, Manhattan luxury home, manhattan luxury homes, Manhattan luxury residences, Manhattan Real Estate, Manhattan sales luxury condominiums co-ops New York, Meatpacking, Midtown, new development, new development Manhattan, New York City residential brooklyn queens, New York luxury apartments, New York luxury home, New York Luxury real estate, New York real estate, Noho luxury real estate manhattan downtown schumacher 36 bleecker, NoMad, One Madison Park, Park Avenue, penthouse, real estate professionals, Williamsburg

Categories Brooklyn Real Estate, Luxury Real Estate Manhattan, real estate investment