Manhattan as 'different' (not unique) / counting geniuses + immigrants

a reflection, not a rigorous analysis I am not a card-carrying member of the Manhattan Is Unique So Real Estate Price Will Never Come Down party, but I have audited classes in the Manhattan Market Is Different school. I noted with interest an article about the number of MacArthur Foundation grants to Manhattan residents when the NY Times [more...]

Date: 2008-10-02 13:41:00

Blog posts (714) | Videos (294)
 

Foreclosure on the Rise in Manhattan

2008_09_foreclose.jpg Manhattan, once one of the few spots that seemed immune to the foreclosure bug that has swept the nation ... of the relatively stable real estate market with those folding on their mortgages in Manhattan being ... . But the NY Times reports that more apartment owners in Manhattan are missing payments, putting [more...]

Date: 2008-09-06 14:11:18

Crystal Ballin' It

Rickey’s job occasionally takes him into Manhattan, a venture which Rickey, being a suburbanite by trade, finds somewhat curious ... . The sea of condominium towers that large parts of Manhattan have become will be the last great ... that clearly indicates that they’ve been shuffling through Manhattan’s long canyons on a windy day [more...]

Date: 2008-12-05 12:11:00

Why Manhattan Real Estate Is So Attractive to Russians

Perhaps the fact that Moscow is the most expensive city in the world and NYC is only #22 has something to do with it? ( ... resources consulting firm Mercer, a subsidiary of Manhattan-based Marsh & McLennan Cos. So New York ... primarily by the cost of housing but as other cities become more expensive, Manhattan appears [more...]

Date: 2008-07-24 21:10:17

Condo Prices Fall in Manhattan! Harlem Sales Fall 76 Percent! End of the World as We Know it?

(post by Dee) According to Mortgage News Daily, Condo Prices are Falling Across Manhattan. Some city brokers will continue to live in denial ... . It was artificially low interest rates and poor lending standards that led to this real estate market bubble ... of all, Upper East Side of Manhattan, prices are down 11% and transactions are 30% lower. I guess [more...]

Date: 2008-12-04 19:44:15

Is Manhattan Immune to a Housing Slump?

I just returned from a visit to the Maryland and Delaware shores and let me tell you that the resort housing markets in these areas are seriously ... for the Manhattan marketplace? I don't think so...or at least I certainly don't hope so. That said ... news about Manhattan housing cycles is that they generally lag other housing markets across [more...]

Date: 2008-07-07 20:44:35

Current Real Estate Market Requires More Patience

If you're one of the few sellers out there who has such a uniquely special (is that redundant?) ... of you, patience is perhaps the most important quality that you must exhibit in today's bizarre Manhattan real ... of Manhattan's micro-markets. Apartment size, style, and geographical location serve to divide Manhattan real [more...]

Date: 2008-08-21 16:44:51

Available Office Space in Manhattan Doubles

Tomorrow’s Times, via The Big Picture: Last year, when the New York real estate market was still frothy, ... is currently listed as available in large blocks in 68 office buildings in Manhattan, according ... to get a handle on exactly how much space financial companies alone might put back onto the Manhattan [more...]

Date: 2008-12-03 00:18:25

Still Trying to Make Sense of Manhattan Real Estate

Oh what a difference a few weeks makes... On September 29th I posted Making Sense of Manhattan Real Estate and described how incredibly busy I was ... with appointment requests for other exclusive properties that I'm representing. UPDATE: This is indeed ... to wait for the "right" property at the "right" price to hit the market. So today's Manhattan [more...]

Date: 2008-10-23 15:22:14

My Take on Q3 Manhattan Real Estate

A: Sales down, inventory up, and prices UP slightly to an average of $1.5 Million. Why is this no shock to me or UrbanDigs readers? ... for luxury apartments, long the strongest segment of the Manhattan market, has slowed.Thats the jist ... Because if you read this site you have known since April exactly WHY Manhattan real estate prices [more...]

Date: 2008-10-03 13:43:24

Brown Harris vs Brown Harris / 25% drop in coop value at the top already??

too weird to avoid I just saw this story from an ABC News blog, plugging a 20/20 interview tonight (hat tip to Curbed.com) by one of THE top top-end agents in Manhattan. Yes, agents (and Manhattan real estate firm ... (no quote in the article) that "Manhattan's finest co-op apartments may have already lost a fourth [more...]

Date: 2008-09-19 19:10:00

Manhattan Inventory Passes 9,000

A: Woke up to a bunch of emails this morning from readers that the Streeteasy powered real-time widget tool just passed the 9,000 mark for Manhattan inventory. So what does this mean? Rather than look at that, lets look ... amongst both buyers & sellers. The Manhattan real estate marketplace right now is noticeably [more...]

Date: 2008-11-14 15:11:57

Manhattan Street Corners

newyorkcorner.jpg Between March and November 2006, Richard Howe photographed every street corner in Manhattan ... (or, being 2006, construction scaffolding) and not much else. There are roughly 11,000 street corners in Manhattan. The New-Yorke Historical Society is going to include them in their collection [more...]

Date: 2008-12-11 13:00:16

Preparing For Price Reports w/out New Devs

A: Three months ago I discussed why 2008 will not show any significant price drops here in Manhattan ... the likely reversal of Manhattan price data as high end buildings and expensive new developments ... 1Q 2009! Manhattan, the creme-de-la-creme of local real estate markets, was never totally immune [more...]

Date: 2008-07-09 15:14:40

Low Ball Bids & Cold Feet

A: That is how I would describe today's Manhattan real estate marketplace ... .. Today's Manhattan real estate market is one of caution and proper pricing. Show me a good deal ... . If you come here mostly for the front line, real time conditions here in Manhattan, I would [more...]

Date: 2008-07-07 13:05:02

Tracking Manhattan Beach 90266: Dodger Derek Lowe looks to sell

K8pgvxnc Manhattan Beach Confidential reports that there is a mini-glut of super high-end homes for sale in the pricey "walk streets" of Manhattan Beach: If you love the area, suddenly there's a lot to choose from. The walkstreet ... : Date Oct. 16 --Listed for sale 224 (home and condos [more...]

Date: 2008-10-16 17:45:54

Oct. 15th Manhattan Real Estate Panel @ Yale Club

A: Don't forget, especially given the current credit crisis and how that may affect Manhattan real estate! ... principal at Apollo Real Estate Advisors, Publisher of Stoler Report PANELISTS: NOAH ROSENBLATT ... of Matrix Blog MELISSA COHN - President of Manhattan Mortgage Company The discussion will be real-time [more...]

Date: 2008-09-26 18:37:31

Over the Hills and Everywhere...

"Yes, I was a seeker, I sought Him both night and day, I asked the Lord to help me, He showed me the way. Down in the manger, Humble Child was born ... and perspectives. Speaking of Katie, she's been quite busy herself up in madcap Manhattan. Since ... on the Upper West Side of Manhattan which was only five blocks from her apartment until [more...]

Date: 2008-12-08 02:36:43

Offers Being Made and Contracts Being Signed

In the past week, I have received a few emails and comments from readers questioning my credibility purely because I refused to panic and spew ... face of the investment banking industry will have an impact on Manhattan real estate and perhaps even ... , athletes, and the like are still choosing to make Manhattan their home. Here's just a snapshot [more...]

Date: 2008-09-19 15:25:35

Former Nasdaq Chairman Arrested For $50 Billion Dollar Fraud

Bernard Madoff, a longtime fixture on Wall Street, was arrested and charged on Thursday with allegedly running a $50 billion Ponzi scheme, U.S ... him with questions. He was released after posting a $10 million bond secured by his Manhattan apartment ... reporters outside a downtown Manhattan courtroom where he was arraigned. “We will fight to get through [more...]

Date: 2008-12-12 05:25:34

Manhattan Broker's Dealing w/ A Softer Market

A: It's official, Manhattan real estate has changed ... out into the Manhattan real estate market. Lending criteria has changed. Antonio del Rosario, managing ... . Well, official in the sense that brokers realize they actually can discuss it openly without fear [more...]

Date: 2008-06-06 22:29:50

Even Edgar Bronfman Can Buy a So-So Property Once In a While

November 11, 2008 in Amagansett, Area Real Estate, Beach Properties, Bridgehampton, Manhattan, Real Estate News, Resort Real Estate | Tags: ... and sells homes in manhattan and ther hamptons, usually making a killing. He sold his townhouse in Manhattan for $50 Million, making it the highest priced sale in New York… In January 2006, he paid $31 [more...]

Date: 2008-11-11 16:42:26

Still Crazy After All These Years

What follows is a marked change of pace for me. And there's likely more to come from time to time ... to any real estate north of Richmond much less north of Washington. In fact, any territory west of Texas ... nowadays). She resides in Manhattan - the Upper West Side to be precise. I understand that Manhattan [more...]

Date: 2008-12-11 14:00:00

Local Market Observations!

What do you see in your housing market this weekend? Condo problems? ... Almost overnight, investment bankers and others on Wall Street have gone from being Manhattan’s most ... apartments, and very little optimism about taking a risk right now anyway.” “Rick Wohlfarth, a Manhattan [more...]

Date: 2008-07-12 17:22:04

Atomic bombs, easy to make?

Dueling book reviews! (Sort of.) First, a pair of books suggest, contrary to Robert Oppenheimer's post-war views, ... , directly or indirectly. One began with Russian spies that deeply penetrated the Manhattan Project ... in the Manhattan Project who was eventually caught and, in 1959, released from jail, did likewise. Upon [more...]

Date: 2008-12-10 21:48:54

No Surprise: Manhattan Real Estate Inventory Rises

The NY Times reveals that the number of Manhattan apartments going into contract or with accepted offers has "plunged by 20%" in October, ... : the number of Manhattan listings is at its "highest level in several years, up 20 percent since August [more...]

Date: 2008-11-23 20:42:03

Reflections about old jails, land appraisal, and high speed infrastructure in Cottonwood Falls, Kansas

Yesterday was our 2008 family Thanksgiving travel day, as we ventured from our home in Oklahoma to “grandmother’s house” in Manhattan, Kansas. View Larger Map There are three basic routes we take when we drive up to Manhattan, which all involve Interstate 35. Yesterday, since we had plenty of time, we opted for the prettiest route [more...]

Date: 2008-11-27 17:32:04

Noah Rosenblatt calling it as he sees it in Manhattan

November 10, 2008 in Manhattan, Real Estate News | Tags: ... estate bloggers in the US, and has been writing about Manhattan real estate for several years.  He always ... front page, Real Estate Section on the Times, it’s already old news. Of course, the question is “ [more...]

Date: 2008-11-10 13:25:22

License to Build: Non-Profits No Longer Face Zoning Challenges

Here's a breaking story that could dramatically change the face of Manhattan real estate and your very own quiet little enclave ... of its application to construct 5 floors of luxury condominiums on top of a new 4-story community house would ... , the Bronx, Staten Island and Manhattan. We know all this commotion over a 9-story, 114-foot-tall building [more...]

Date: 2008-08-27 14:20:41

More From Dreier Article

Mr. Dreier’s résumé included high-level stints at Rosenman & Colin and at Fulbright & Jaworski, where he was head of the litigation department ... the name of a real estate firm, unnamed in the complaint. He convinced a receptionist at the Manhattan ... has a triplex apartment on the East Side of Manhattan, along with a house near the beach in Southampton [more...]

Date: 2008-12-09 16:51:00

Sellers Seek Experienced and Committed Agents

The most common question I'm currently being asked by owners seeking to sell their Manhattan homes is "how long have you been doing this? ... to take place across all segments of the Manhattan real estate market, the pace has definitely slowed ... to further support what they already know...it's shaky. I became a real estate agent in the early 90 [more...]

Date: 2008-07-11 16:28:48

MNews: Remembering Jasper football

http://www.lohud.com/apps/pbcs.dll/article?AID=2008812090367 End of college football era By Bob Baird Journal News Columnist • December 9, ... on Manhattan’s club schedule, went varsity in 1973, playing in NCAA Division III until 1981 ... on Manhattan College’s Riverdale campus as a freshman and the letter was from fellow students [more...]

Date: 2008-12-09 14:34:44

Wall Street Debacle Will Have Ramifications for Manhattan Housing

158 year old Lehman Brothers has declared bankruptcy. Merrill Lynch has been scooped up in the nick of time by Bank of America ... from Greenspan's "easy money" mortgage days is finally going to have an effect on the Manhattan real estate ... opportunities. So for those of you who earn your living selling residential real estate [more...]

Date: 2008-09-15 14:44:10

Waterfalls start flowing tomorrow morning-- perhaps as early as 7am, but sadly, the Circle Line tours of the bay don't start until Friday ... to the Maritime Ferry Building at the tip of Manhattan. For a closeup, bring binoculars or a telephoto lens. 2. Brooklyn Piers-- for the angle shown above, you'll need to be on the Manhattan side [more...]

Date: 2008-06-26 12:53:00

Signed, Sealed, Delivered: I have a new apartment

See that appliance on the left side of the photo above? That's a DISHWASHER. Love them. Know what's even better? ... ! First of all, Broker S from Manhattan Connection emailed me on Wednesday to say he was back in town ... for me to the management company. That is exactly what a broker is supposed to do! S works at Manhattan [more...]

Date: 2008-12-06 05:20:00

Would-be dancer missing after meeting sex offender

WHITE PLAINS, N.Y ... of becoming a dancer. She met Mele last week at the Marquee nightclub in Manhattan. They left together ... miles north of Manhattan and not far from his Wallkill apartment. On Monday, state police were still [more...]

Date: 2008-12-09 10:09:20

Would-be dancer missing after meeting sex offender

WHITE PLAINS, N.Y ... of becoming a dancer. She met Mele last week at the Marquee nightclub in Manhattan. They left together ... miles north of Manhattan and not far from his Wallkill apartment. On Monday, state police were still [more...]

Date: 2008-12-09 10:31:03

He Madoff With a Lot of Money…

… and he was chair of the board of directors, for the business school, at Yeshiva University ... L. Madoff, was arrested at his Manhattan home by federal agents who accused him of conducting ... in federal court in Manhattan reports that he estimated the losses at $50 billion. “We are alleging [more...]

Date: 2008-12-12 03:20:41

Is Bernard L. Madoff Jewish?

Yes, Bernard L. Madoff is a Jew. Bernard Madoff was arrested and charged today with allegedly running a $50 billion Ponzi scheme, according to U.S ... bond secured by his Manhattan apartment. The SEC filed separate civil charges. "Our complaint ... services industry," his lawyer Dan Horwitz told reporters outside a downtown Manhattan courtroom where [more...]

Date: 2008-12-12 03:43:50

Surprise surprise, NYC in recession

From the NY Times: No Surprise, New York Is in Recession One year after the national economy officially fell into a recession, ... , known as the beige book. The real estate market, especially in Manhattan, has softened substantially ... the rest of the region until recently, it said. Business at hotels in Manhattan has “plummeted” [more...]

Date: 2008-12-04 11:20:24

Oct. 15th Manhattan Real Estate Panel @ Yale Club

A: State of the Manhattan Real Estate market panel discussion tonight! ... MODERATOR: MICHAEL STOLER - Senior principal at Apollo Real Estate Advisors, Publisher of Stoler Report ... - CEO of Miller Samuel, Publisher of Matrix Blog MELISSA COHN - President of Manhattan Mortgage Company [more...]

Date: 2008-10-15 15:17:10

More Fair Housing Education Needed...Desperately!

After selling Manhattan real estate for 16 years, there is very little that shocks me ... that there has not been enough emphasis put on educating certain members of the real estate community ... and she and her life-partner will use the apartment when visiting Manhattan instead of dropping a fortune on a hotel [more...]

Date: 2008-08-08 17:41:03

How Appraisers are Adjusting for Today's Market in Manhattan Beach

With today's stringent loan underwriting guidelines, and up to three independent appraisals per home purchase, ... or subtracts value based on such things as: age of property New construction gives a big boost  view ... about the nuances of Manhattan Beach streets and neighborhoods. They don't understand the intrinsic [more...]

Date: 2008-12-07 02:01:46

here are some amazing quotes, please read:

'i got high to flatten out the landscape of my heart, blur the edges of my memory ... shifting border between east harlem and the rest of manhattan. the apartment was small, with slanting ... that allow us to break across our solitude.' 'i spent my first night in manhattan curled up in an alleyway [more...]

Date: 2008-12-03 19:39:42

Adjustment Phase Will Reveal Skinny Dippers

A: As the first stage of the adjustment is underway in Manhattan, we get our first glimpse of who was swimming naked. Lets face it, Manhattan is not rampant with speculative flippers or shady subprime borrowers, but that doesn't mean distressed sellers won't rise to the surface here. With the market highly [more...]

Date: 2008-11-20 15:58:30

New York Videos - Alex Interview, Central Park, US Open Tennis and Ice Cream Sandwiches

Although my New York City visit ended several weeks ago I still had some footage I wanted to get up for you, ... so that he tracked me down while I was in New York, coming into Manhattan from Jersey by subway ... with a look at the Statue of Liberty from Battery Park. New York, well at least Manhattan where I spent [more...]

Date: 2008-10-08 02:20:12

Stoler: 'Foreign Buyers Scarce'

A: If any broker uses the 'foreign buy side demand' argument to get you to bid more aggressively, you need to get away from that broker immediately! ... local economy, a strong Manhattan real estate market, and strong gains in hometown equity markets ... To say all of this had NO IMPACT on foreign demand / confidence for Manhattan real estate is crazy [more...]

Date: 2008-10-28 20:26:26

Manhattan Inventory Dropping For Summer

A: BRETT FAV-RA! As a long time J-E-T-S fan, today is a great day! For god's sake, we have ourselves a damn quarterback ... a number of emails and questions regarding the state of Manhattan real estate right now. All I can say ... so that you can see this trend: manhattan-real-estate-inventory-chart-3-months.jpg This is real [more...]

Date: 2008-08-07 14:25:10

Earning More, Commuting Farther

Earning More, Commuting Farther Published Dec 08, 2008 in Business News David Campaa’s 90-minute commute from his Springfield (N.J.) apartment to his job in lower Manhattan — first by car, then by subway, and finally by foot — ... strangers” on Manhattan’s streets each day. Campaa, whose previous job was close to his Springfield home [more...]

Date: 2008-12-08 11:10:38

Townhomes Selling

I noticed today as I was schlepping by the Yellow Hook Townhomes development on 74th Street that there were "sold" ... as "soaring, growing, developing, becoming one of the most premier residential properties in Manhattan."Brooklyn, Manhattan, what's the difference, right?They may be selling in Bay Ridge, but things [more...]

Date: 2008-12-07 02:20:00

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