Category : Residential

Loftus’ career change is on the money
Residential

Loftus’ career change is on the money

REW
by REW1215
By Karen Maserjian Shan It’s almost as if Michael Loftus’ 35 years in finance opened the way for a new career in real estate. “I’ve always been fascinated by New York real estate,” said Loftus, a licensed real estate salesperson with William Raveis New York City. Yet, until recently, Loftus...
Residential

CCRNY sets out plan for EB-5 program

REW Staff
by REW Staff773
City Connections Realty (CCRNY) welcomed 300 real estate agents, developers and finance professionals for a presentation about the EB-5 Visa Program. Keynote speaker, Min Chan, an EB-5 attorney and associate broker at CCRNY, wants to make immigrating and buying NYC properties easier for Chinese buyers. Chan is co-founder of the...
FeaturedResidential

Feldman bringing stately homes to Upper West Side

REW
by REW895
By Holly Dutton An Upper West Side pre-war rental is transforming into a premier luxury co-op, with a modern twist. The Chatsworth, a 12-story residential building at 344 West 72nd Street, near the corner of Riverside Drive, has 136 units ranging from two-to-five bedrooms. The stately Upper West Side conversion...
Residential

DONE DEALS: Bargain Hunter

REW
by REW767
Good deals can still be found in Manhattan if you get creative, reports Citi Habitats agent Francisco Nunez-Fondeur. Nunez-Fondeur recently helped his client purchase unit Apt 65 at 660 Saint Nicholas Avenue — a two bedroom, 1-bath unit — for $195,000. Nunez-Fondeur’s client was college professor, and a first-time home...
FeaturedResidential

Apartment price dip a sign of new stability, say experts

REW
by REW871
While the opening quarter of a given year is typically expected to be mild compared to the close of its predecessor, New York’s residential markets saw a bearish first quarter which bogged down a climb that spanned across more than two years. After 10 consecutive quarters of growth, the overall median price per square foot in Manhattan appears to have reached its peak at the close of 2014, according to Compass’ Q1 market analysis. The final act of 2014 notched a record-breaking $1,445 median price psf, but 2015’s opening quarter sustained a three percent decrease in this area, reports Compass. This quarter-over-quarter decline is indicative of stabilizing prices rather than a rapid plummet in value, according to Compass.
Deals & DealmakersResidential

Hudson ready for Brooklyn development

REW
by REW832
CPEX Real Estate announced the sale of two development sites that combined provide 350,000 buildable square feet in Prospect Lefferts Gardens, Brooklyn. Phase 1 will include 170 apartments and Phase 2 will have 250. The properties were sold by the CPEX Development & Conversion Investment Sales Team, led by Sean...
Residential

WHO’S NEWS: BHS names top Hamptons agents, Bolger jumps from Citi to TOWN

REW Staff
by REW Staff927
Brown Harris Stevens announced that Anisa Saroop has joined its flagship office as a licensed associate real estate broker. She comes to the firm with more than a decade of experience representing a vast selection of New York City’s most coveted addresses, including luxury apartments, condos and cooperatives. Prior to...
Residential

New Upper East Side condo in the works

REW
by REW830
Wonder Works Development Group, Forbes Development LLC, Mink Development and Fimida Enterprises have acquired 302 East 96th Street, a three-story parking garage, near the corner of Second Avenue, with plans to construct a new 21-story luxury condominium residence. The purchase price was $24 million. The developers plan to build a...
Residential

DONE DEALS: Magic moment

REW Staff
by REW Staff1465
Halstead’s Brian Lewis had an abracadabra moment selling an Upper West Side co-op. He listed the Classic Seven at the landmarked Schwartz and Gross-designed boutique building known as the Kelmscottat at 316 West 79th Street at $2.35 million. And he sold it within two weeks for $2.4 million. Brian told...