Market News

I recently found and read an interesting article of the co-op ecosystem in NYC and beyond, and thought our readers and clients would find it interesting, too. Here's the gist of it: small co-ops can be collapsed through the acquisition of a supermajority of shares, while holdout shareholders are forced to go along with the developer's conversion plans. Article can be found here.   About...

Here's an interesting tidbit I learned from a recent article I read on TheRealDeal.com: The current home of The Collegiate School, an Upper West Side institution established in 1628 as a school for New Amsterdam colonists that has been at this West 70s location since 1892, will be replaced by an 18-story residential condominium after it moves to its roomier new digs in the West 60s on Freedom Place in...

I recently read an interesting article on Brooklyn's Restaurant Row, Smith Street: Smith Street's high quality laid back restaurant scene was certainly a significant neighborhood draw for Cobble Hill and Carroll Gardens, and one of the reasons why the housing markets in those neighborhoods experienced such meteoric price appreciation over the last 15 years (see $15.5MM Cobble Hill townhouse).  I...

I recently watched something quite interesting, and I think our readers will enjoy it: Check out this brief video tracking, in mesmerizing animation, neighborhood population density on Manhattan island from 1800 through 2010. According to Patrick Lamson-Hall and Shlomo Angel, who produced the study and corresponding video for NYU's Marron Institute of Urban Management, using data from historical...

The Upper West Side is America's Most Livable Neighborhood! According to AARP, the Upper West Side is America's Most Livable Neighborhood! Read the AARP article at this link. Here's a quick summary: AARP actually placed it second to a neighborhood in Madison, Wisconsin that few people probably know about here on the East Coast, except for some of those rabid Badger alumni who populate these...

Priced Out of Brooklyn? Try Manhattan. The NYTimes published an article this morning about a new trend taking shape in Brooklyn.  People who once reluctantly made the trek across the East River to find an affordable home are now realizing their considerable gains and moving back to Manhattan because they have been priced out of the borough that once welcomed them (and their smaller downpayment) with open...