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Brokers Weekly, Featured »

[14 Apr 2014 | No Comment | ]
The best back yard in America

When you put a trio of real estate’s most revered companies together on a project, expectations run high. Add to that what is arguably one of the best sites on New Jersey’s Gold Coast, folk are looking for unparalleled.
There is no doubt that Hartz Mountain, Mack-Cali and Roseland Properties have hit the bullseye with their three-building Estuary in Weehawken’s Lincoln Harbor.
Over 60 apartments were leased on the first day that the 582-unit property opened last month. The cheapest was a 500 s/f studio at $1,875 a month, but according to leasing manager Kimberly Hults, it was the three-bedroom apartments, which run from $4,500 to $5,200, that were snapped up first.

Brokers Weekly »

[10 Apr 2014 | No Comment | ]

Developer Sherwood Equities has announced the completion of main foundation work for a new condominium development in the High Line community in West Chelsea.
Designed by Kohn Pedersen Fox Associates (KPF), under the direction of Paul Katz, 500 West 21st Street will offer 32 one-to-four bedroom apartments featuring views of the High Line, the General Theological Seminary and the Empire State Building.
500 West 21st Street will have a garden designed by TriBeCa-based Rees Roberts + Partners, LLC, that will include 40 ft. high trees and layers of mature foliage.
“We are creating …

Brokers Weekly »

[10 Apr 2014 | No Comment | ]

Harlem’s newest condominium, 305 West 150th Street, is a revitalized, seven-story pre-war residence newly-renovated as the latest addition to the Park Collection, a residential portfolio that celebrates Harlem style.
In addition to high ceilings characteristic of prewar buildings, solid oak floors and crown molding, it is situated along a tree-line promenade, facing Jackie Robinson Park.
“305 West 150th Street offers great appeal to buyers seeking beautifully-appointed homes in Manhattan, at affordable prices,” said senior managing director Charlie Lewis, of Warburg Realty Partnership, which is spearheading the sales and marketing of the project.
“And …

Brokers Weekly »

[10 Apr 2014 | No Comment | ]

Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of Realtors.
NAR’s 2014 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2013, shows vacation-home sales jumped 29.7 percent to an estimated 717,000 last year from 553,000 in 2012.
Investment-home sales fell 8.5 percent to an estimated 1.10 million in 2013 from 1.21 million in 2012.
Owner-occupied purchases rose 13.1 percent to 3.70 million last year from 3.27 million in 2012. The sales …

Brokers Weekly »

[10 Apr 2014 | No Comment | ]
DONE DEALS: International incident

A modern one bedroom Chelsea condo sparked a bidding war among a gaggle of foreign investors.

Hadi Abillama, an agent at Coldwell Banker Bellmarc, said his $755,000 listing at 555 West 23rd Street immediately drew the attention of cash buyers from around the globe.
The 511 s/f condo is “bright …fully-equippedˮ with “a northern view of Chelsea’s skyline.ˮ Perks of the building itself include a resident’s lounge, rooftop deck and courtyard.

Brokers Weekly »

[10 Apr 2014 | No Comment | ]
Have you heard…

Fund manager Zbigniew Ryzak has paid $4.125 million for an apartment in the infamous 455 Central Park West, city records show.

Ryzak will be sharing the building with a few dozen well-heeled residents, and possibly a ghost or two. The eerie, castle-like building on Central Park West and 106th Street has long been rumored to be haunted.

Built in the late 19th century, the building served as a cancer hospital and later as a nursing home, before falling into a state of vacant decay. Chicago developer Daniel McLean bought the building in 2000, added a 25-story tower to the site, and turned the whole thing into a luxury condo.

Brokers Weekly, Photo Gallery »

[10 Apr 2014 | No Comment | ]
PHOTOS: Alchemy Properties Hosts Spring Fashion event with Lydia Hearst

On Thursday, April 4, 2014, Alchemy Properties hosted an event with Lydia Hearst to celebrate spring fashion trends and Oxygen’s The Face Season 2 at the 35XV sales gallery. More than 150 guests attended, including winning contestants from the reality TV show, The Face.

Brokers Weekly, Featured »

[10 Apr 2014 | No Comment | ]
Developers catching on to computerized living

As high tech becomes a fixture in residential development, new apartment towers in New York are starting to resemble multi-story computers.
They offer automated parking, digital doormen, remote-controlled lighting and charging stations for electric cars, to name just a few of the amenities that have recently grown in popularity.
Brokers say this computerization of living is a reaction to buyers’ tech-heavy lifestyles. Technology has become a major selling point — if not a pre-requisite for success — and developers are racing to gain an edge by including as many new gadgets as possible.

Brokers Weekly, Construction & Design, Deals & Dealmakers »

[9 Apr 2014 | No Comment | ]

Axelrod Development Group and Lions Group are planning a 76-unit condo in Long Island City.
The partners purchased a development site featuring 78,000 buildable square feet at 14-01, 14-07, and 14-19 Broadway on the border of Long Island City and Astoria for $10,225,000.
Ariel Property Advisors sales team of Shimon Shkury, Howard Raber, Victor Sozio and Michael A. Tortorici represented the seller, and procured the buyer.
Raber commented, “The price achieved at 14-01 Broadway demonstrates both the strength of today’s market and the market’s faith in Astoria’s future.”

Brokers Weekly, REBNY Watch »

[9 Apr 2014 | No Comment | ]

By Steven Spinola
For more than three decades, The Real Estate Board of New York has actively sought to encourage collaboration among its members in the residential real estate market through the broker to broker Residential Listing Service (RLS). After years of planning and behind-the-scenes work, the RLS underwent a major upgrade last fall and exemplifies the residential real estate industry’s technological advances.
The REBNY RLS has, since its launch in 2003, allowed all residential REBNY member firms – both large and small – to view and share their exclusive listings. Within …

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