Category / News

The Stunning Apartment No One Wants

It’s normally not too difficult to sell a luxury apartment in New York.  According to a recent report by Douglas Elliman, luxury properties in Manhattan average only 90 days on the market. This makes a mystery out of the gem of a penthouse on the 51st and 52nd floors of One Beacon Court that has been on the market for more than a year now. The apartment’s owner, Stephen Cohen, the ill-famed hedge fund manager, is rumored to be downright confused and irritated. To be sure, there is nothing wrong with the property itself. The 9,000 square foot…

Manhattan is Out, Brooklyn is In

Finally there is evidence to support a fact that most New Yorkers have known for a long time—Brooklyn, not Manhattan, is the place to be. According to Douglas Elliman’s first quarter report, the Manhattan real estate market may have finally plateaued after two years of steady price growth. Meanwhile, Brooklyn is high in demand, with the median sale price up 17.5% year-on-year. If you are thinking about crossing the river, you are obviously not alone. The Elliman report reveals that the median sale price in Manhattan was down -.2% in the first three months of the…

May is House Tour Season!

Source: Nigel Spong and Ofer Wolberger for the Park Slope Civic Council While not everyone in New York can live in a stunning Greek Revival townhouse in Greenwich Village with outdoor space on every floor, we can at least all take a peek inside of one during house tour season, which will soon be upon us. This is that special time of year beginning in early May when neighborhood organizations around the city convince the lucky few to open up their lovely homes to the public for charity. Let’s take a look at this…

Micro Apartments: Living like (Fancy) Sardines

When it comes to living space in New York, there is a clear tradeoff between quality and quantity. Or at least this is the best that one can hope for when the only other alternative is not more low quality space, but living in a tiny dump. Developers and architects are latching onto the idea of high quality tiny living spaces as several micro apartment unit projects are being developed throughout the city. My Micro NY, a micro apartment development slated to open later this year at 335 East 27th Street, is getting the…

Don’t Look! Apartments You Could Afford if You Didn’t Live in New York

Searching for an apartment in New York can be a stressful ordeal, especially if you are on a limited budget. Sometimes if you’re feeling really down in the dumps about your apartment search and are mildly masochistic, it can be fun to look at your current budget for rent in New York and imagine what sort of apartment this much money would buy you elsewhere in the world. This is even more painful now given the strong dollar. For example, say you have about $700 a month to spend on rent in New York….

The Real Cost (and Uncertainty) of Public Schooling in New York City

There are a lot of things to consider when searching for an apartment to rent or buy in New York City: location, home or rental prices, amenities, and if you are a parent—the quality of local public schools. New York parents are notorious for going to what would seem like insane lengths anywhere else in the country to secure a spot for their offspring in the top schools, sometimes before their children are even born! Here we’ll discuss the best public schools, the “cost” of accessing them (which depends on what you’re willing to sacrifice…),…

2015 St. Patrick’s Day Parade in NYC

It’s almost that time again for the St. Patrick’s Day Parade in New York City. In 2015, it takes place on Tuesday, March 17, and it’s an event that you definitely don’t want to miss. Did we mention it’s the largest parade in the world? It’s been going strong for over 250 years ever since March 17, 1762 when it first marched up Fifth Avenue. The parade is one that’s deep rooted in tradition. It’s completely run by volunteers, many of whom come from a line of family members who have also been a…

$539 Apartments Available in East Harlem

In a city where the average rental price is $3,129, looking for an apartment is enough to make you want to curl up and cry in a corner, and that’s before you even started actually doing walk-throughs of places, which can be a nightmare in and of itself. So what if you could get a place that’s less than $1,000 per month? No, that’s not the lack of coffee talking, there’s currently studio apartments up for grabs in Harlem that are just $539 a month. There’s no broker’s fee involved, and although prospective residents…

New York City’s Real Estate Market Heats Up

With a full week of 40 degree weather upon us, it’s about time for New York’s real estate market to heat up. Because finding the right apartment is hard enough without having to trudge through a foot of snow and subzero temperatures, the high season for buying and selling property in New York is mid-March through September, when the weather is warmer and families try to move before the start of the school year. Let’s take a look at what buyers and sellers can expect in the coming season. According to a fourth quarter…