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River & Warren the newest Battery Park Condo

Mar 11, 2015 8:23:00 PM

Battery Park’s luxury building, River & Warren, is making a splash in Lower Manhattan. The 28-story tower located right off the Hudson River overlooking Nelson A. Rockefeller Park is a condo conversion from a rental building.

Source: rew-online.com

River & Warren, aka 212 Warren, is a gut renovation of a rental building into luxury condos in Battery Park NY. What we love most about the building is its position along the Hudson River and Rockefeller Park, as well as the luxurious interiors that are designed with neutral tones – think white, oak and grey.

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The Wealth Report - New York City Ranks #2

Mar 10, 2015 9:22:48 PM

Looking to the future, one constant remains the rise of the Asian powerhouse cities, the relative decline of the European centres and the tussle between two global behemoths – New York and London, with New York expected to be the most important city for global UHNWIs in 2025.

Source: www.knightfrank.com

In its recent Global Cities Survey for 2015, the Knight Frank Wealth Report ranked New York City #2 global city, losing out to London. But, that should be short lived, as the same survey projects New York City to regain its top ranking by 2024. The Global Cities Survey monitors the cities

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British architects take Manhattan

Mar 9, 2015 5:10:19 PM

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NYC Luxury Real Estate Update

Mar 4, 2015 6:23:55 PM

NYC luxury real estate has been heating up, despite the sub-freezing temperatures that marked February 2015 as the coldest February in over 80 years. The market for properties over $4 million is on fire, rising to 116 signed contracts, an increase of 23% over last February, making this month the highest number of signed contracts over $4 million on record. January fared well too, with 98 signed contracts, about the same as last year. With such sales strength of luxury properties during this brutal winter, we are expecting a banner year for the NYC luxury real estate market for the balance of 2015.

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New Development Highlight: 20 East End Avenue

Feb 15, 2015 7:41:49 PM

20 East End Avenue, designed by renowned architect, Robert A. M. Stern (famous for 15 Central Park West, 520 Park and 220 Central Park South), is one of the most elegant new developments in Manhattan. The Upper East Side condo building will feature only 43 units, mostly larger, stately apartments (including two townhomes with separate entrances) with some of the best finishes we have seen in Manhattan.

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Manhattan Condo Conversion Activity Accelerates

Dec 8, 2014 5:37:19 PM

Manhattan’s rental-to-condo conversion craze has continued unabated, amid rising prices, the lack of available buildable land, and low condo inventory. Over the last year, major new condo conversion projects have been announced at a record pace throughout Manhattan, from the Upper West Side all the way down to Battery Park. To-date, the driving force behind the conversion trend was a number of economic challenges and opportunities; however, a major new policy shift is set to fuel even more conversions, creating a huge opportunity for both building owners and future buyers.

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Manhattan Market Update

Nov 23, 2014 7:45:11 AM

 

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New Development Highlight: 45 East 22

Nov 23, 2014 12:00:04 AM

At 777 feet tall, this iconic glass tower will be an elegant addition to the Madison Square Park skyline. The floor-to-ceiling glass design grows progressively wider toward the top of the building and towers over most of the surrounding buildings, given the low-rise neighborhood where it is located in NYC. The Madison Square neighborhood is very much in vogue and now the epicenter of NYC’s rapidly growing technology sector. 45 East 22 Street will be a welcome addition to the neighborhood where both One Madison and 10 Madison Square West - two other tony new luxury condominiums in the neighborhood - have had great success.

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NYC Unemployment Rate Drops to 6.8% as Participation Rate Rises

Oct 20, 2014 6:15:47 PM

New York unemployment rate hit the lowest level since the dark days post-Lehman in November 2008. The seasonally adjusted unemployment rate in New York dropped to 6.8% in September 2014. The 1.8-point year-over-year drop took place at the same time the labor force expanded by 0.8%, suggesting a much greater improvement than can be discerned solely from the unemployment rate. The declining unemployment rate has, in part, put upward pressure on rents and prices of New York real estate. Manhattan rental rates for September are up 5.2%, while condo prices are up 7% (on a price per square foot basis).

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Manhattan Real Estate Market Update

Oct 9, 2014 5:24:47 PM

Manhattan housing prices continued their rise at a decent pace in the 3rd Quarter, as demand outstripped resale inventory supply. While the number of New York properties for sale was up significantly in the quarter, most of the new inventory entering the market has been for new construction projects that won’t be delivered for another year or two. Anyone who is currently in the throes of a property search will know that the number of properties available for immediate occupancy is very low. While the sales pace in the 3rd Quarter relaxed compared to last year, the market is still very competitive, with more than 50% of the properties closing at asking price or higher and over 50% of the condo deals closing in cash.

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