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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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New York Real Estate Fairly Valued - London and HK in Bubble

Nov 1, 2015 10:30:54 AM

New York real estate prices are fairly valued, according to the new UBS Global Bubble Report. In the report, UBS economists analyzed the data of 15 financial centers, of which only two were rated as being at fair value, New York and Boston, with most others classified as overvalued or in bubble territory.

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Zaha Hadid New York Luxury Condo Project

Sep 27, 2015 1:36:12 PM

We have been obsessed with Zaha Hadid’s first New York Luxury Condo project, located along the High Line at 520 W 28 Street, ever since we first heard about it a few years ago. Zaha Hadid, the only female Pritzker Prize winner, is one of the most talked about architects in the world, having a very distinctive personal design aesthetic that eschews typical rectangles and squares that define most architecture.  Inside and out, the space-age building in West Chelsea features organic shapes that result in a very attractive and one-of-a-kind design; even much of the glass curtain wall has rounded corner glass details.

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Manhattan Real Estate Market Update

Sep 23, 2015 12:56:10 PM

The Manhattan real estate market continues to be very strong. Prices are up 7% from one year ago, with the average condo selling for $1,589 per sq. ft. and luxury condos selling for $2,551 per square foot. Buyers, however, continue to have a difficult time finding properties, as inventory remains low. This forced a 13% decline in sales activity of condos. Had there been more properties for sale, sales activity would have been much higher. We see the trend of low inventory continuing, even as more new development comes on the market.

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Manhattan Luxury Apartments – a Flight to Safety

May 4, 2015 7:01:03 PM

No longer is gold in vogue as a common store of wealth as it has been in the past. Both property and art have grown in terms of importance for the sophisticated investor.

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Buying Property In Manhattan in the Face of Low Inventory

Apr 21, 2015 3:18:00 PM

As current condo and coop buyers know too well, buying property in Manhattan isn’t as easy as one would think. Among the vast array of buildings in the city, there were only 10,243 properties for sale in the quarter, a record low. The inventory was split into coops and condos 51% and 45%, respectively.

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Full floor condo in New York at Baccarat sells for $19.75 million

Apr 14, 2015 10:58:22 AM

With the flagship hotel and residences’ recent opening, Baccarat has brought French flair to the heart of Midtown Manhattan, located just off Fifth Avenue on West 53rd Street, across from the MoMA. Two full floor units have sold, this one and another one that should be closing soon. For $19.75 million the buyer purchased the 43rd floor, which has over 4,500 square feet. Now, the building is 71% sold and there are only 17 units left raging in sizes and prices from $3,800 to $8,128 per square foot according to Streeteasy.com.

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