Hi, Another quarter another laughter! This time the cards are changing hands and buyers have a better margin of manœuvre in a market where sales volume have considerably dropped and inventory gained slightly while recovering from record low levels. The market has softened but talking bubble at this stage is a bit exaggerated (but it does […]
Hi, Spring is now behind us and left with a confirmation of the 1st Quarter trends showing a cooling Manhattan Market with high level of prices and a growing Brooklyn Market where New Developments are picking up the slack of slower co-op and condo resale. In this Q2 2016 Newsletter, I’ll introduce the concepts of […]
Hi, The 4th Quarter 2015 finished on a high note for New York real estate (and me as I became a Dad) with all time high price levels and a slight rebound of inventory. Manhattan and Brooklyn market snapshots will confirm the different trends both markets are currently undertaking with more opportunities arising for Manhattan […]
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. […]
Hi, Another quarter and another record breaking set of numbers for Manhattan and Brooklyn real estate. The boom of the luxury and super high end condos have pulled the average price of a Manhattan apartment to an all-time high $1.81M and also helped trigger a rise in inventory with the sales commencements of several high […]
Step into the stately entrance of the Engineer’s Club to enjoy a journey in one of the most iconic Manhattan property where the distinguished names of Andrew Carnegie, Thomas Edison, or Tesla elaborated the plans that shaped the future of New York City architecture and engineering. This Bryant Park hidden gem is located in the12 […]
Presentation – Downtown Manhattan by Frédéric Maingois
The area below Chambers street defined as the Financial District has experienced a tremendous transformation since the 9/11 attacks, which plunged the area into darkness for almost a decade. Subsequently, the residential, commercial and retail booms have revived the area with more to come. In the early 2000’s, the area attracted renters in quest for a […]
The neighborhood of West Chelsea extends approximately from West 14th to West 30th street from 8th Avenue to the West Side Highway. In the past 5 years, West Chelsea has drawn worldwide attention notably through the success of the High Line elevated parkway: a 1.43mile former railroad line (west side line) running along the lower […]
Last year I covered the residential, commercial and residential expansions of the area below Chambers Street covering three distinct neighborhoods: Financial District, South Street Seaport and Battery Park City. We can now observe significant changes and an even more positive outlook for the years to come.Residential Q1’14 vs Q1’13 figures look very healthy. Condos average ppsf […]
Fred M. On Real Estate 