April 2006 – sold $1,069,162 October 2014 – listed $2,500,000 This week’s Digs Watch brings us to DUMBO – Brooklyn’s former bustling waterfront industrial hub cum mafia body dumping ground, which in recent years has been transformed into a picturesque neighborhood of converted warehouses and cobblestone streets nestled between the Brooklyn Bridge and Manhattan Bridge. As many of you likely...
Market News
September 2013 – sold $5.8M+ October 2014 – listed $7.25M Given that one cannot tune into any media nowadays without the acronym “ISIS” being thrown at them within seconds -- which has caused a never ending loop in my brain of the first verse of Bob Dylan’s folk ballad of the same name, which admirably follows the enduring classic “Hurricane” on his acclaimed 1976 album, Desire -- “I...
June 2009 – sold $1.2M+ September 2014 – listed $2.2M Welcome to my weekly blog post on wild market movers. This week’s Digs Watch takes a look at 200 West 86th Street, Apt. 16M, a high-floor five with large rooms, good closets and decent light (but no views), located on the south side of 86th Street directly across from the famous Belnord. In June 2009, as the real estate market was in decline due...
The Proposed "Pied-a-Terre" Tax in NYC It is no secret that New York City real estate has become an attractive vehicle for high net worth non-residents to invest their capital. It is widely perceived as one of the safest and most stable investments available in the increasingly unstable global markets. In fact, many new condo developments have been built and marketed primarily for foreign (and/or...