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 […]
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 […]
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 […]
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 […]
As we see the 2008 financial crisis negative effects on Real Estate diminishing, stalled projects are now back on track and I selected 3 of the most impressive projects ongoing in the Downtown Manhattan. First, 30 Park Place/99 Church street, which has been a whole in the ground surrounding by temporary walls displaying the names of cities worldwide for […]
Fred M. On Real Estate 