Category : Residential

NYC’s most expensive rental launches at The Pierre
FeaturedResidential

NYC’s most expensive rental launches at The Pierre

REW Staff
by REW Staff1763
TOWN Fifth Avenue has launched The Pierre Hotel Residences portfolio of ten Grand Suites, which includes the record breaking $500,000 per month full 39th Floor. The property is listed by Therese Bateman and Andres Perea-Garzon of TOWN Fifth Avenue. The full 39th floor, which includes the famed Presidential Suite, has never before been offered. Comprised of 4,786...
Photo GalleryResidential

TOWN celebrates New York’s finest

REW Staff
by REW Staff653
[imagebrowser id=358] Jason Binn, Kevin Ryan and Town Residential hosted an evening to celebrate New York’s finest -Commissioner Bill Bratton and Rikki Klieman and their love for the city that never sleeps. The event was held on Monday, October 13th, 2014 at TAO Downtown Lounge, 369 West 16th Street. More than 150 people were in attendance,...
13 more agents leave Bellmarc, head to Halstead
FeaturedResidential

13 more agents leave Bellmarc, head to Halstead

REW Staff
by REW Staff865
A week after ten Coldwell Banker Bellmarc agents left the firm for City Connections Realty, 13 more have now joined Halstead Property. Geri Epstein, Leslie Bettison, Harriet Botwinick, Kim Cowal, Greta Elias, Neil Gallo, Marcia Gershon, Joe Irving, James Lake, Leslie Penny, Seth Price, Arnie Roitman and Richard Topp, joined Halstead today (Wednesday) the brokerage announced. The exodus follows allegations of fraud and theft leveled at Bellmarc Group co-founder, Neil Binder, by his business partners.
Residential

New Specialist sponsors

REW Staff
by REW Staff612
Four more firms have become sponsors of the New York Residential Specialist® program. Morgan Stanley Bluestone Group, Citizens Bank, Prime National Credit Repair and Zinman & Associates are the newest of 23 backers of the REBNY-certified program, which recognizes the city’s leading residential real estate agents with the highest professional...
Luxury builders reap rewards as new condo prices soar
Construction & DesignHeadlineResidential

Luxury builders reap rewards as new condo prices soar

REW
by REW1213
Manhattan’s apartment sales market has continued its steep climb, benefiting from strong demand for luxury new development. The median sales price grew by 4.2 percent year-over-year to $908,242 while the average price grew by 17.4 percent to $1.684 million, according to Miller Samuel’s report for Douglas Elliman, as luxury sales far outpaced the rest of the market. The median sales price in the luxury market — defined as the top ten percent in terms of price — rose by 22 percent, while the number of sales at or above $10 million grew by 89.7 percent. And as demand continues unabated, new condo developers like HFZ Capital Group are seeing strong demand for their units.
Residential

Out-of-luck buyers push luxury rents further north

REW
by REW914
Paradoxically, August’s rental market reports are really about luxury condos. Rents continued their climb last month, with the Manhattan median rent rising 0.8 percent and the rent per s/f rising 4.5 percent year-over-year, according to Miller Samuel’s report for Douglas Elliman. This was the sixth consecutive month of seasonally adjusted rent growth and, by itself, nothing to raise eyebrows. August’s more surprising trend was hard to discern in the data. Last winter, the strong condo market pulled demand away from luxury rentals, dragging down average rents. But now this trend has reversed, according to Douglas Elliman’s senior vice president Yuval Greenblatt.
Residential

Lauren Muss joins Douglas Elliman

REW Staff
by REW Staff1496
Douglas Elliman Real Estate announced that Lauren Muss has moved to  the firm. Muss will join Douglas Elliman’s 575 Madison Avenue office. With more than 20 years of experience in the real estate business, Muss comes from a  family background of developers, builders, and property owners.  She was formerly one...
Superhero style gives new venture a sporting chance
FeaturedResidential

Superhero style gives new venture a sporting chance

REW
by REW861
By Dan Orlando Darrin Harrold wears the mantle of successful real estate entrepreneur the same way Bruce Wayne wears his Batman cape. A strong believer in the motto, “Do what makes you happy and you’ll never work a day in your life,” the owner of Tri Properties appears determined to...
Residential

Voda Bauer brokers get to WeWork

REW Staff
by REW Staff660
Voda Bauer Real Estate has been named WeWork’s official residential real estate partner, providing residential real estate services to all of its members across all WeWork locations. Through the partnership, Voda Bauer will offer free consultations to the WeWork community members through weekly open office hours. Additionally, WeWork will provide...
High rent vacancy not a ‘get out of jail free’ card
ResidentialViews

High rent vacancy not a ‘get out of jail free’ card

Adam Leitman Bailey
by Adam Leitman Bailey1881
By Adam Bailey & Dov Treiman Adam Leitman Bailey, P.C. Throughout the residential housing industry, there is dangerous ignorance of the amendments promulgated this year, amending the Rent Stabilization Code. All owners should be reading as much as possible about these amendments. Business is simply not the same as it...