Archives for posts with tag: high end Manhattan Real Estate

Q2 2015 New York Real Estate Newsletter

July 22, 2015 //

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 profile New Developments across the borough.

Brooklyn also gets its share of records with the average price per square foot breaking a 7-year high to reach $704/sf. The historically low inventory has risen over the last quarter but in proportion far from the levels that a market requires to reach equilibrium.

In addition to the traditional Corcoran Manhattan and Brooklyn market reports, this newsletter will touch base on the current relationship between Manhattan inventories, price level and the effect of New Developments in the borough. To follow, the impact of Global Wealth and its potential contribution to New York Real Estate along with the consequences of China’s economy will present data that could help developers keeping their cool in regards to the rise in super high end properties hitting the market. Finally, Brooklyn’s alarming lack of inventory may show a swift in current developers’ strategy to anticipate a change of plans and bring more products for sale quicker than expected to feed a demand starved of choices.

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,

Q2_2015_Newsletter

Tags 15 CPW, 18 Gramercy Park South, 225 Rector Place, 432 Park Avenue, 56 Leonard, 61 fifth avenue, brooklyn condo, brooklyn heights, brooklyn real estate, Brooklyn townhouse brownstone prospect heights, Chelsea, condo, condominium New York, condominiums, corcoran, Downtown, downtown brooklyn, duplex, economy, FiDi, Financial District, Four Season, greenwich village, high end Manhattan Real Estate, high end real estate, High Line, Hudson Yards, Huys, immobilier Manhattan, Immobilier New York, investir immobilier, investir immobilier New York, investir Manhattan, investir New York, Long Island City, 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 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, Manhattan skyline, 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, One57, Park Avenue, penthouse, Queens real estate, Related Companies

Categories Uncategorized

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)

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

En-suite car parking…Checked!

June 4, 2013 //

200 11th Avenue had made headlines quite a few times notably for offering private en-suite parking for each tenant (car elevator brings tenants’ cars to their respective floors), and for housing the designer Domenico Dolce of Dolce & Gabbana who bought a combination of 2 Penthouses for $29 million. Now what? After a complete makeover from Dutch architecture firm MVRDV, the last sponsor unit available in the building, a penthouse, is said to be coming back on the market for $23 million or twice the amount it was last listed. If sold at this price, it would set a new record at $7,000/sqft for a West Chelsea property.