Residential Archives - Page 178 of 222

Runaway car ploughs into brokerage storefront

REW Staff January 21, 2014 January 21, 2014

by REW StaffJanuary 21, 2014January 21, 2014719

An out-of-control car ploughed into the storefront office of residential brokerage firm BOND New York on Monday. The accident happened Monday afternoon, when a car heading south on 2nd Avenue between 78th and 79th Street jumped the curb and careened through the front of BOND’s offices at 1500 2nd Avenue.

Residential

WHO’S NEWS: Wendy Greenbaum named Warburg’s tops sales agent for 2013, Related adds two VP’s to luxury leasing team

REW Staff January 17, 2014 January 17, 2014

by REW StaffJanuary 17, 2014January 17, 2014983

WEICHERT, REALTORS – The Franzese Group announced that Realtor Afik Azulay has joined the company sales team. A 21-year resident of the area with two years of experience in real estate, he will assist property buyers and sellers throughout Brooklyn. A member of The Brooklyn Board of Realtors, he lives...

Residential

HAVE YOU HEARD: Music mogul L.A. Reid sells Park Avenue pad for $16.5M, Fox Residential celebrates 25 years

REW Staff January 17, 2014 January 17, 2014

by REW StaffJanuary 17, 2014January 17, 20141180

Cynthia Biondi, widow of late investment banker Michael Biondi, has dished out $11.239 million for a condo at Macklowe Properties’ 737 Park Avenue, according to city records. The 2,915 s/f unit has three bedrooms and three bathrooms. According to Streeteasy, it was originally listed for $12.675 million. The apartment boasts...

Residential

BK Rents reach six-year high

REW Staff January 17, 2014 January 17, 2014

by REW StaffJanuary 17, 2014January 17, 2014804

Residential rental prices reached a six-year high in the fourth quarter of 2013 in Brownstone Brooklyn, with a nine percent increase over the same period last year, according to the Brownstone Brooklyn and Beyond Rental Report released by Ideal Properties Group. On average, residents spent $2,801 per month to rent an apartment in Brownstone Brooklyn. For the first time since 2008, two-bedroom units rented for a monthly average that surpassed the $3,000 mark.

Construction & Design Featured Residential

Less is more as work starts on New Jersey’s tallest apartment tower

REW Staff January 14, 2014 January 14, 2014

by REW StaffJanuary 14, 2014January 14, 20141108

Mack-Cali Realty Corporation and Ironstate Development Company broke ground today (Tuesday) on a new type of residential tower: URL® Harborside. URL, which stands for Urban Ready Living, is a direct response to demand for apartments that use less energy, provide more innovative spaces, and offer public areas that foster community. Once complete, the 69-story residential tower that will bring 763 rentals to Mack-Cali’s Harborside development on the Jersey City Waterfront, will be the tallest apartment building in the state.

Residential

DONE DEALS: Playing Santa Claus

REW Staff January 9, 2014 January 9, 2014

by REW StaffJanuary 9, 2014January 9, 2014785

Corcoran’s Chris Benfante played Santa Claus to a German couple searching for a Brooklyn pied a terre close to the BAM Cultural District. The buyers were in town for the weekend and came to an open house Benfante was having at a Unit in 1 Hanson Place, just down the...

Residential

Buyers in bidding wars over Brooklyn

REW January 9, 2014 January 9, 2014

by REWJanuary 9, 2014January 9, 20141051

With condo supply in Brownstone and North Brooklyn tighter than ever, more and more buyers are forced into bidding wars. According to a new report by brokerage Ideal Properties Group, “virtually all properties in the analyzed North and Brownstone sections of Brooklyn sold either at, or slightly over their asking prices.” Condos in Williamsburg sold for an average of 107 percent of their asking price in the fourth quarter of 2013, followed by 106 percent for Prospect Heights. Even in bottom-ranked Brooklyn Heights, average sales prices were an impressive 99 percent of asking prices.

Residential

Reports: Inventory stays low, sales stay steady in 4Q

Sarah Trefethen January 9, 2014 January 9, 2014

by Sarah TrefethenJanuary 9, 2014January 9, 2014957

In spite of low inventory, NYC residential sales figures the last quarter of 2013 still held their own with the previous year, according to market reports released by a number of brokerages last week. A spike in prices at the very high end of the condo market made up for lagging metrics in other sectors. The average Manhattan apartment sale price of $1,553,599 was down just 2 percent from the fourth quarter of 2012, according to data from Brown Harris Stevens.

Featured Residential

CORE duo singing their way to success

REW January 9, 2014 January 9, 2014

by REWJanuary 9, 2014January 9, 20141252

At a past showing on East 83rd Street, Tom Postilio decided to go with his gut. The tour of the apartment was almost over and he felt the interested couple needed a final nudge. So Postilio stopped in his track and started singing Frank Sinatra’s “All the Way” – the couple’s wedding song. What would be weird coming from any other broker worked for Postilio, who had spent years singing Sinatra on stage. “That sealed the deal,” he said.

Featured Residential

Russian expat wants to get to know neighbors

REW Staff January 6, 2014 January 6, 2014

by REW StaffJanuary 6, 2014January 6, 20141509

Many New York brokers made it into real estate by chance or changing personal fortunes. For Karina Sagiev, it took nothing less than the collapse of an empire. Born in 1973, Sagiev grew up in Soviet Moscow — 8,000 miles and a world apart from the shiny heights of Manhattan real estate. In the capital of fixed prices, (legal) entrepreneurship was an impossibility and brokers about as common as palm trees. Then came Mikhail Gorbachev’s reforms, shaking up world politics and Sagiev’s career plans.