217 West 57 Street | Central Park Tower

Dec 9, 2017 4:50:33 PM

YIMBY has the latest renderings for Extell's Central Park Tower at 217 West 57th Street, which will soon become the tallest skyscraper in Manhattan by roof.

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Top 5 Reasons to Invest in Real Estate

Nov 30, 2017 9:46:59 AM

If you're looking for a solid investment, you have many choices. Over many years, however, real estate has been one of the most popularly and widely recommended investments. There are quite a few reasons for this. Before investing, it's important to consider your unique needs, personality, and budget. However, real estate is an investment worth considering regardless of your situation. Let's look at the top 5 reasons to invest in real estate. 

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New York Real Estate Prices are Fairly Valued by UBS

Nov 17, 2017 6:48:43 AM

The annual UBS Global Bubble Report revealed that once again New York real estate prices are fairly valued. UBS economists analyzed the data of 20 financial centers, of which New York, Boston, Milan and Chicago were determined not to be either fairly valued or under valued. The remaining 16 cities were either classified as either in bubble territory or over valued.  

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The Return and Demise of the 20 Year Tax Abatement in the Manhattan Condo Market

Nov 7, 2017 6:36:48 PM

A rare 20-Year tax abatement has popped up in Manhattan at a handful of condominium projects across the city at:

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How will President Trump affect US Real Estate?

Nov 10, 2016 9:52:00 AM

Never before has America had a New York City property developer and real estate broker (yes, he has a NYC broker’s license) sitting in the White House. While many of us may not agree with Trump’s behavior and policy positions, one thing for sure is that Trump will be pro-property and pro-real estate.

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10 Hudson Yards Opens in NY

Jun 1, 2016 8:14:19 PM

10 Hudson Yards finally opened its doors yesterday, four years after ground breaking. The 52-story commercial tower built over the rail yard next to the High Line at West 39th Street and 10th Avenue in New York will house corporate heavyweights like Coach, L’Oréal, SAP, and Boston Consulting Group, to name a few.

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NYC Wealth Stats from The Knight Frank Wealth Report

Mar 25, 2016 5:31:10 PM

"The global population of ultra-high-networth individuals (UHNWIs) has grown by 60% in the 10 years since The Wealth Report was first published. According to data prepared for the 2016 report by wealth intelligence company New World Wealth, there are now 187,500 UHNWIs with $30 million or more in net assets, excluding their principal residence, around the world. This figure is up 61% from 116,800 in 2005."

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Manhattan Real Estate Market Update | Q4 2015

Feb 22, 2016 2:10:54 PM

The Manhattan Real Estate Market median and average sales price, as well as the average price per square foot, reached the highest levels recorded in 27 years in Q4 2015. The resale market remained tight with low inventory, fast pace and rising prices. New development closings are on the rising as well. While many regions are suffering enormous instability, NYC, in contrast, is one of the last bastions of stability. In 2015, Manhattan saw record job growth and the highest number of people employed in history. We expect similar market conditions to carry over into 2016.

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Trump World Tower is most valuable NYC condo building

Jan 31, 2016 2:47:12 PM

"The Donald Trump-developed condo tower at 845 United Nations Plaza has the highness total tax assessment in the city, according to Department of Finance data."

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NYC Condo plans nowhere close to pre-crash levels

Jan 13, 2016 8:26:34 AM

"Condominium-plan submissions to the New York State Attorney General are the highest they’ve been since 2007, according to a TRD analysis of applications data."

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