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Q1 2013 Newsletter and Team Announcement

May 20, 2013

To start off my second year with Keller Williams, I sent out a newsletter covering the residential Manhattan market through Q1 2013 and I also introduced my new team, Braswell & Associates. For the full newsletter, click here For Q1 2013 news, see below: NYC Market Report: Q1 2013 In 2012 the story revolved around […]

StreetEasy New Development Report for July

August 15, 2012

I’ve already contacted StreetEasy regarding their incorrect ‘Notables’ section (the summary repeated in the email that goes out and the PDF), but the StreetEasy new development report shows reduced inventory (18% down year over year) and increased contracts (up 7.7% not down 32.8% like what they say in the summary). This is a recipe for […]

4th Quarter Real Estate Report from Corcoran

January 29, 2012

Corcoran has just released the 4th Quarter 2011 Market Report. The Blumstein Team finished with strong production in a waffling market, and the news is equally mixed. In short, average price per foot is down 2% in coops year over year, and condos are up 4% with a net of -1%. Condo inventory is low, […]

Mortgage Rates Down in March 2011

March 16, 2011

Kira Silverman, one of the mortgage brokers we recommend has given us the current mortgage rates for NYC. Rates do vary based on LTVs and your credit history, but generally market turns generally affect all levels of borrowers. Please reach out to us or Kira for more information!

Corcoran Market Snapshot for February 2011 – Sales Volume and Price Per Square Foot Both Jump Over 10%

March 9, 2011

Even though February is the runt of months, it managed enough oomph to pour paint all over the illustrious ‘1st month of the year’. Co-op sales were up 34% over January 2011, and condos saw a 21% rise. Compared to a year ago February, the jump is 5% and 17% respectively. Price per square foot […]

Corcoran’s 4th Quarter 2010 Market Report

January 12, 2011

It is our pleasure to inform you that Corcoran has released its Fourth Quarter Corcoran Report, our quarterly survey of residential real estate sales in Manhattan. This report compares data based on deals that closed in 4Q 2010 (October 1 through December 31) with those closed in the prior quarter and in the same quarter […]

Rents Rise as NYC Vacancy Rates Continue to Fall

January 10, 2011

Even with the addition of over 7,000 residential units from developers throughout New York City, the Wall Street Journal is reporting that vacancy rates fell from last quarter and rents continue to rise. In broad terms the average rent in NYC is within reach of $2,800 and vacancy for all boroughs is just above 3%. As […]

Corcoran’s November Market Snapshot for Sales

December 14, 2010

Recently we posted about the Rental state of Manhattan. Corcoran just released their report on Condos and Coops. Topline: – Inventory is down from October 6% for both Condo’s and Coops, but while there are 6% fewer Condos than a year ago, Coop inventory is actually up 15%. – All in all apartments are spending […]

November 2010 Rental Market Report for NYC, Intricacies Explained

December 9, 2010

The new Citi Habitats ‘State of the Market’ report just came out and gives us some insight into how the rental market is looking. Topline: – Relative to October 2010, Vacancy rose .05%, meaning 1 more apartment per 2000 was on the market than in October. Compared to a year ago however, vacancies are down […]

Most Expensive East Village/Lower East Side Rentals (December 2010)

December 6, 2010

Some talk has been floating around about a new rental on the market at 38 East 1st for $30,000/month. This makes it the most expensive rental currently on the market in the East Village/Lower East side. Well why the big fuss? Oh right, it is asking $30,000 per month. the rental price tag may make it the […]