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What a thrill to see new inventory coming to the market! I’ve gotten to preview and/or view with customers a number of properties. Here are a few to throw on your radar: $2500 per square foot and up 150 Charles Street is peeking images out today, so it’s apropos to discuss it. With only 91Read more

What most excites me about 2013? The election is behind us. If we’re all still here on Saturday, the Mayans were wrong. The Hobbit and Les Miserables are in theatres. What else is there, really? Well, New Development. We will see more and more in 2013, thank goodness. While much will be made of theRead more

Our team has been busy this month viewing new development with buyers. There are two projects in particular which have garnered some attention. Both benefit from an utter lack of inventory- which I’ll cover in my broader discussion. We’ll chat about 141 East 88th street (Part I) and 200 East 79th Street (Part II). TheRead more

Thank you for stopping by! I visited a few new developments this past month, excited to see what new inventory is to offer discerning buyers interested in owning in Manhattan. Certainly it’s timely to discuss both what is showing now, and what is on the horizon. Specifically, I’m interested in whether buyers are paying moreRead more

Something I wrote a few days ago- If I were to sum up the Real Estate Market in few words, I would say “Summer? What Summer?” I meant that despite this being the hottest summer on record, the market seems to have continued apace. Now that we’re in August, I’m not sure that’s exactly true,Read more

There was a great article yesterday in the NYTimes about the unfinished projects coming back to market, finally getting built, etc – all across New York City. I have a great deal of respect for real estate developers. There is so much risk involved, not only in terms of a specific property. The entire economy could turn, given the timelines of projects- to break ground in one market, and finish a project in a worse market, or a terrible market, is only one of the many risks. Financing challenges in today’s market, tax incentives. It takes a bold person to be a developer, and a savvy one to stay successful through many markets.

Thought I’d write about the scarcity of property at the moment. take the following examples: Buyer with approximately $1mm budget looking for a 2bedroom, 1.5bath apartment on the Upper West Side. Looked for 6 weeks, really nothing over 1000 square feet to show them, ultimately they rented for another year. Buyer with a budget ofRead more

The mortgage rates are again at super duper lows. This is surely driving refinances. As the market inventory sags, it appears that low rates will be the second big driver of price increases. Yet with no real indication of rate increases beyond normal fluctuations, and various indications that the pain in Europe will cross theRead more

My month was spent looking at New Developments both in New York and Israel. More specifically, Tel Aviv in Israel and on the West Side in Chelsea and Clinton. I know that I’m a New York City broker, but my week in Tel Aviv was eye opening, in terms of views these towers offer, theRead more