In a talk yesterday, Larry Silverstein, the head of Silverstein Properties, who six weeks before 9/11 acquired the lease under the World Trade Center and is currently developing many of the new buildings at the site, addressed one of the burning questions on people’s minds these days – where is NYC real estate going? Having seen cycles […]
Crain’s published an interesting piece today trying to explain the supply crunch in Manhattan and exorbitant price of condos here. The article can be found here. Although a bit simplistic, and in some cases reliant on statistics that are not useful, this is a decent piece because it highlights one of the most important reasons […]
When is a deal not a deal in NYC real estate? I’ll help you figure it out. Picture this: John and Jane buyer are married with a child on the way. They are both hard-working professionals with advanced degrees from outstanding universities. Together, they earn a very good living by any objective measure and have […]
Normally, I don’t report celebrity real estate because it is really non-news, but since The National happens to be one of my favorite bands, I decided that I had to mention it in these pages. …and that they recorded an incredible album – High Violet – in the garage-turned-recording studio in Ditmas Park, is super cool. Would […]
For those of you who have known me for a while, you know that I participated in my former co-op’s opposition of a sliver building that would have risen next door and blocked the eastern view of dozens of apartments, and, as our attorney colorfully added during the BSA hearing, sucked the value right out […]
The development rights-rich lot located on the northwest corner of 69th and Amsterdam, vacated in recent years by Lincoln Square Synagogue to move to its brand new digs down the street, has found a buyer. SJP Properties and Mitsui Fudosan have partnered to develop the lot into a 600-foot-high luxury residential condominium tower of nearly […]
Only in Manhattan does a building’s usage history read orphanage to school to convent to super luxury condos. And that is part of the beauty of this place. Old gorgeous buildings whose original uses are no longer appropriate for the location due to the changing neighborhood (like the once thriving manufacturing buildings in Tribeca and Soho) are being constantly reinvented […]
If you are anything like me, and immediately hit the power button on the bottom-right corner of taxi TVs within seconds of beginning your ride, risking contamination by the germs left by the countless others who have done the same thing in order to avoid this blaring annoyance, this cannot come soon enough! It’s not as if […]
Although prices are still at historic highs, it’s a good time to be a Brooklyn brownstone buyer. I recently read an article about the prices of Brooklyn Brownstone listings surging dramatically. I think you will find it interesting. Article can be found here. About Digs: Digs Realty is a full-service residential brokerage company specializing […]
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 […]