Manhattan Property News Blog

NYC's Tech Sector is on Fire and Heating up Hudson Yards

1/5/20 1:50 PM

Over the last few weeks, NYC has solidified its position as the second most important tech hub in the world (behind only Silicon Valley), with massive office leases signed by tech companies such as Facebook and Amazon in and around Hudson Yards.

9/13/19 2:47 PM

Go West! No, we’re not telling you to move to California or the frontier, nor are we talking about the popular song from the Pet Shop Boys and Village People. Go West to West Chelsea and Hudson Yards, where there has been quite a transformative shift of New York’s center of gravity. Notably, the advent of the Hudson Yards and rezoning of West Chelsea have resulted in hyper-growth in those neighborhoods, making Manhattan’s west side one of the most desired and expensive locations on the island.

8/16/19 9:52 PM

We have been very vocal about our excitement that Park Loggia, a new condo building in NYC, will be ready for occupancy by the end of the year. Since our office is very close by at West 67th and Columbus Avenue, we have been watching this building with great interest for the last couple of years. Now that the scaffolding has come down, we are super excited that Park Loggia has almost come to fruition.

7/13/19 9:35 PM

We love the Upper West Side neighborhood, having lived there for more than 5+ years after moving to NYC many years ago. It is one of New York City's most iconic neighborhoods, located just west of Central Park to the Hudson River. It's beautiful tree-lined streets, prewar architecture, and inviting brownstones appeal to a wide audience, making it a favorite of New Yorkers, as well as movie and tv directors. I'm sure most everyone remembers how the neighborhood was portrayed when they watched You've Got Mail, When Harry Met Sally, Seinfeld and, most recently, The Marvelous Mrs. Maisel.

4/2/19 5:43 PM

Tips and Tactics Versus Strategy?

Too many first-time real estate investors just make it past the finish line. Successful first-time real estate investors fly past the finish line and keep on soaring. Too many first-time investors rely on a few tips and tactics. They may be good tips, but successful first-time investors adopt a proven strategy and they stay with it. They modify tips and tactics as they need to so they achieve their goals.

2/21/19 7:09 PM

The Upper East Side is an area of tree-lined streets, spectacular heritage buildings, the best private schools in the country, a large assortment of boutiques, acclaimed restaurants and cultural institutions. It is home to some of the most expensive zip codes in the country. But, at the same time, it has some of the most reasonably priced properties in the city. That is because the entire Upper East Side of Manhattan covers a lot of ground - from the eastern side of Central Park, at Fifth Avenue, all the way to the East River, with the southern border of 60th Street to the northern border of 96th Street. This area incorporates several small neighborhoods, including Prime Upper East Side, Carnegie Hill, Lenox Hill, and Yorkville.

1/2/19 2:31 PM

Why give the government more than they are due when you sell your primary home or investment property? There is more than one way to defer, and to reduce, capital gains tax (CGT) when selling property. While it takes planning and following strict government rules, if the circumstances apply, they definitely work.

12/7/18 2:43 PM

In this blog series, we are highlighting the latest NYC new development projects by neighborhood. Our goal is to provide insight into the character of each of the neighborhoods, what is driving new development in these locations and general trends. This is the second in our series, in which we will be focusing on Central Park apartments for sale and Billionaire's Row condos.

11/17/18 10:09 AM

In this blog series, we highlight the latest NYC new development projects by neighborhood. We provide insight into the character of each neighborhood, discuss general trends, and what is driving new development in each neighborhood. For the first in the series we are focusing SoHo, West SoHo and Nolita. These neighborhoods feed off each other as they are all close to one another, all being just below Houston.

10/11/18 6:47 PM

Warren Buffett said it best, "Price is what you pay, value is what you get . . . It is wise to be fearful when others are greedy and greedy when others are fearful."

9/30/18 5:00 AM

Investing in Real Estate

Before someone decides which is the best city to invest in real estate, they decide why they should choose real estate as opposed to stocks and bonds, for example. In this article we will discuss the why and the where to help our many current clients, and our future clients, to make wise decisions and the best choices.

9/25/18 8:02 AM

Investing in Stocks and Investing in Real Estate

Experienced stock investors make money by choosing their stocks wisely. They may invest in a well-established publicly-quoted corporation, be it large, medium, or small cap. They may choose to put their money in a promising IPO, or even in a non-traded business because they see its future very clearly.

8/10/18 4:07 PM

Buying New York City property is a complex process--and making your offer is an important part of that process. Deciding on your offer is part art and part science. You want to pay the lowest amount possible for your new property, but you also want to be sure that you don't offend the seller. Not only that, you want to be able to secure the property you have your eye on, especially if you know that it's the right one for you.

6/25/18 9:28 PM

The fact is, every real estate buyer should have his or her own buyer’s broker, whether that buyer is a current resident, relocating from another state in the U.S. or country, or buying an investment property.

6/22/18 2:17 PM

A Review of the Pipeline of New Development Condos for Sale in NYC

Real estate is always hyper-localized, so when you hear that there might be an oversupply of new condos in the Manhattan real estate market in 2019, note that four fringe Manhattan neighborhoods will be most affected - the Financial District, South Street Seaport, Lower East Side & East Village.

6/18/18 7:42 PM

Forget Silicon Valley – many of today’s top tech executives are choosing New York’s Silicon Alley.

6/13/18 1:17 PM

There are a multitude of reasons that a real estate buyer might consider purchasing property in Manhattan, whether it’s for a new home, a new job, or your family. It’s a wonderful place to live, especially for those seeking exposure to the arts, diversity, and culture. However, even if you are not considering relocating to New York, there’s still a fortune to be made by purchasing properties in the Manhattan as investments. Because the city has become such a hotbed for real estate, you’ll want to be sure you’re keeping in step with the other professionals looking for the winning property. Here’s our list of five ways to invest in Manhattan real estate like a pro.

2/20/18 5:37 PM

A gaggle of noteworthy architects are due to put their stamp on the Hudson Yards megaproject, but if the Wall Street Journal is to be believed, two bona fide starchitects may be joining their ranks.

WSJ reports that “a person familiar with the matter” claims that Santiago Calatrava and Frank Gehry have been tapped to design buildings for the megaproject’s second phase, due to rise over the west side rail yards (stretching between 30th to 33rd streets from Eleventh to Twelfth avenues).

2/20/18 11:03 AM

It’s estimated that 15% of the real estate transactions that occur in Manhattan are carried out by foreign buyers. These individuals are often in search of diversity and safety by investing in Manhattan real estate. Often, they are searching for a home for their child studying abroad, a second home for themselves, or an investment property that will provide yield and capital appreciation. In all cases, these buyers have unique needs and concerns. If you’re a foreigner looking to buy real estate in Manhattan, here’s a checklist to guide your search.

2/15/18 11:04 AM

Most foreign individuals moving to the USA already have a set of ideas about American culture. Media, politics, or history may leave individuals excited about the potential for the future, yet simultaneously nervous about the new people and places they will discover. If you’re preparing to buy residential property in the USA, here are some facts you’ll need to know, and advice for some things to do early on to ease the transition into a new culture.

2/13/18 12:04 PM

If you’ve reached the decision to sell your Manhattan real estate property, you’ll be doing so in a fast-paced real estate climate. You’ll need to find a way to stand out in the crowd, impress people with your home’s layout and decoration, and then make sure you’re getting the best return on your investment possible. The following tips should help you to efficiently sell your Manhattan residential property as a foreign buyer.

2/12/18 5:57 PM

"Buyers — A price correction already occurred, and over the last year or so the broader market has shown signs of stabilization and normalization. If you have a real need to buy and you find the right property, utilize this slow period for any leverage you can get in negotiations — you never know when a seller has had enough, and is ready to hit that bid."

1/31/18 3:10 PM

The fourth quarter of the 2017 real estate market in Manhattan is one best described as stable, with the last three out of four quarters showing an increase in closed sales activity. 2017 was a much better year than 2016, although there has been a marked drop in the number of signed contracts in the quarter year-over-year that can be primarily attributed to non-market factors such as tax reform and political climate.

1/18/18 7:42 AM

When a foreign buyer is looking for Manhattan real estate for sale, one of their biggest concerns is ensuring they’re truly seeing the properties that are the best fit for them. In such a vast market, with so many properties listed and sold each day, a foreign buyer wants the confidence that their broker is directing their attention to the right opportunities, and has the connections and abilities to seek them out. If you’re considering buying property in Manhattan, but don’t live inside the United States, here are some search tactics you and a broker can use to help you find the perfect property from abroad.

1/18/18 6:04 AM

Buying residential property in another country can be intimidating, but with the right broker partner, foreign citizens buying property in the United States have little to worry about. Foreign citizens are legally allowed to buy residential property in the United States, but they will have to follow certain tax rules both in the US and possibly in their home nations. Just because a buyer is a nonresident doesn’t automatically mean they must pay additional taxes. Some of these taxes might even be paid by a U.S. citizen, too, under certain circumstances. Here’s the US property tax specifics that foreign and luxury buyers need to be aware of when shopping for homes in Manhattan and Miami.

1/17/18 2:09 PM

Now that tax reform has been passed by the US Congress, we know for sure that some people stand to gain significant wealth from the new tax rules that will be implemented in 2018. As a general matter, the new law is expected to be very favorable to investors of real estate and the wealthy, regardless of whether one is in a high-tax state or not.

1/11/18 7:30 AM

The residential real estate market of Manhattan presents a lot of variety both in price and style. Comprised of about 25% condos, 70% co-operatives (co-ops), and 5% townhouses, the population and metropolitan style of Manhattan means there aren’t many single-family homes for sale on the island. No matter whether you’re an investor looking to make income off your property purchase, or a new resident hoping to find a forever home, you’ll want to know what types of property are available to you. Below is a breakdown of the Manhattan market to help you get a sense of the city’s many offerings.

1/9/18 2:00 PM

If you are living outside the U.S. but considering a move stateside, you’re actually in luck. The housing market in the United States is extraordinarily friendly and convenient to any foreign persons who want to invest in property throughout the country. The American government doesn’t maintain restrictions or charge hidden fees, such as extra stamp duties, to a non-citizen seeking out a home or smart property investment in the country. In fact, the experience of home buying in the U.S. may not differ too wildly from the experience in your home country. That being said, there are four rules any foreign investor needs to keep in mind as they begin their search for property in the United States.

11/30/17 9:46 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.

11/7/17 6:36 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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