Rent Stabilization Increase

up Below is a message from the Real Estate Board of New York: At its meeting last night, the Rent Guidelines Board approved the following rent increases for rent stabilized apartments effective October 1, 2013: 1 year lease: 4%, with no minimum dollar increase 2 year lease: 7.75%, with no minimum dollar increase Vacancy allowance: 0% […] Continue reading →

Manhattan Insider – Summer 2013

skt2 Manhattan Insider Summer 2013 Sales Market Update Quick Stats 44% of apartments in Manhattan sold at or above the asking price Average discount from the original asking price was 3.6% Average discount from the last asking price was 1.9% Median days on the market to contract signed was 59 Number of active listings down 6.4% […] Continue reading →

Manhattan Insider – Spring 2013

CS Manhattan Insider Spring 2013 Shortage of Apartments for Sale Continues The most recent statistics show that there are 34% less apartments on the market than there were this time last year. What the numbers cannot show are how many more buyers are shopping for apartments and there are a lot! Apartment that hit the market […] Continue reading →

Piano in the Park

parkpianist Today I spotted a different kind of street-musician than I’m used to seeing. I street-pianist! He was playing piano in the park at Father Demo Square in the West Village. He was playing in the freezing cold! I did tip him before I shot this and then I grabbed a burrito at Dos Toros! Continue reading →

Manhattan & Brooklyn Rental Market Report

rentals0113 Here is the latest Elliman Report for Manhattan & Brooklyn rentals which was released today. Highlights: Median rental price increased 2.6% from the same period last year to $3,150; after a 12-month stretch showing a robust 7.5% average year-over-year increase, the most recent four months increased by an average of 1.6%. The Manhattan vacancy rate […] Continue reading →

How to Prepare for a Bidding War!!!

monopoly The real estate market has changed quite a lot in recent months as we’ve seen 1/4 of the apartments in Manhattan sell at or above asking price. One of the hottest areas with the least amount of properties for sale right now is Williamsburg. Yes, Wburg is in Brooklyn and this site is “thisismymanhattan” but […] Continue reading →
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