Brooklyn’s Possible Housing Glut

Supply and demand are at work! I hope that the development in Downtown Brooklyn actually creates the vibrant street life that is so needed to sustain neighborhood growth, weaving together the enormous area – stretching from the bridges to the Barclays – which is currently bisected by some pretty imposing avenues. Developers should do themselves […]

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How the Co-op Crumbles

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 […]

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New Upper West Side Residential Project on West 78th Street

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 […]

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A Detailed Description of the NYC Home Buying Process

A Detailed Description of the NYC Home Buying Process I really enjoy working with first-time homebuyers in NYC real estate because I feel like I add the most value to them, financially, strategically, and emotionally.  Financially, with the rebate; strategically, with my market knowledge, written analyses, and guidance throughout; and emotionally, as the buying process […]

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Farewell, Smith Street: In Memoriam of Brooklyn’s Restaurant Row

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 […]

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The Rise and Fall of Manhattan’s Densities 1800-2010

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 maps, […]

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The Upper West Side is America’s Most Livable Neighborhood!

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 […]

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Priced Out of Brooklyn? Try Manhattan.

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 […]

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New York City is Already at its 2020 Population Forecast

Last week, New York YIMBY published two articles concerning the Census Bureau’s estimates for 2014 and revised numbers for 2013.  Some highlights of the articles as as follows: “If the latest Census estimate is indeed accurate, New York City is probably over 8.5 million people as of today. With the urban renaissance now in full […]

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The Port Authority of New York and New Jersey Should Sell Its Real Estate

Crain’s reports today that Democrats in New Jersey’s State Senate have called upon the Port Authority to sell its real estate, including the iconic One World Trade Center. I couldn’t agree more, especially given that we are at a time in history where commercial real estate values have hit an unprecedented high and regional transportation infrastructure is […]

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220 Riverside Boulevard, PH3A, Manhattan

July 2003 – Sold for $3,044,786 March 2015 – Listed for $11,995,000 This week’s Digs Watch takes us back to the Upper West Side, where a curious example of a seller (or their broker) trying to jump on the billionaire bandwagon is taking shape.  After nearly 12 years, the owners of PH3A at 220 Riverside […]

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REBNY Clarifies to NYC Brokers that Sharing Commissions with Buyers is Legal

REBNY Clarifies to NYC Brokers that Sharing Commissions with Buyers is Legal Every week, REBNY sends its members a “Legal Line Question of the Week” email, which answers a legal question asked by one of REBNY’s members.  This week’s topic dealt with the legality of the real estate brokerage commission rebate and the answer, copied below, was […]

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Digs Realty and the Broker Commission Rebate in New York

Digs Realty and the Broker Commission Rebate in New York What is the typical commission structure of residential real estate deals in New York City? In New York City residential real estate deals, the seller typically pays 6% of the purchase price to his or her broker.  This is split with the buyer’s broker if […]

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If You Build it, They Will Come…But How Will They Get To Red Hook?

If You Build it, They Will Come…But How Will They Get To Red Hook? Red Hook, the sleepy enclave of large warehouses, industrial buildings and housing projects situated on the western side of the BQE, southwest of Brooklyn’s vibrant Carroll Gardens neighborhood, is back in the news this week as Estate Four, a Los Angeles-based […]

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Brooklyn Brownstones

Brooklyn Brownstones 2009 – 11 Brooklyn townhouses sold for over $3MM 2014 – 98 Brooklyn townhouses sold for over $3MM This week’s Digs Watch takes us back to Brooklyn for a look at the bananas townhouse market. Just how bananas is it, do you ask? Well, according to a new report from Brooklyn-based brokerage Ideal […]

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