Recent Posts

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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New Development Highlight: The Bryant NY Residential Condo

Dec 5, 2015 12:37:25 PM

"The 33-story mixed-use tower at 16 West 40th Street is the first ground-up New York project by the British architect known for his pared-down aesthetic."

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New Development Condo at 55 West 17 Street NY

Dec 5, 2015 12:10:35 PM

 55 West 17th offers a collection of 53 distinctively modern condominiums in the heart of Chelsea. Come explore these magnificent residences today.

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432 Park splits full floor units as few buyers of huge apartments

Nov 10, 2015 5:17:00 PM

While 432 Park is over 70% sold out, the tony New York City Condo building has been having a hard time selling its high, full floor apartments. It's no wonder that they remain unsold, since full floor units at 432 Park measure over 8,000 square feet, enormous for New York City condos. And, since they are on some of the highest floors, very expensive as well (close to $80 million).

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220 Central Park South to be most expensive NY Condo to Build

Nov 8, 2015 4:44:29 PM

With land, development and construction costs clocking in at $5,000 per square foot, no wonder why prices at 220 Central Park South in NY are breaking records. While one would think high prices and related costs would be an impediment to sales activity, the Real Deal states that the building is more than 50% sold, despite not being open to the public just yet. We are not surprised, having seen all the details of the project with a few of our clients at the makeshift showroom.

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