Real estate sales drought costs city $755M in lost taxes
The Real Estate Board of New York (REBNY) today reported that total September investment and residential sales volume declined 47 percent and tax revenue generated declined 36 percent...
Tag : residential sales
Broker confidence hits all-time low
The Real Estate Board of New York (REBNY) today released two market reports illustrating the challenges the City faces as economic recovery begins. REBNY’s Monthly Investment...
Have You Heard: Jacqueline Schnabel sells townhouse, Charles Shultz family home for sale
JACQUELINE SCHNABEL, ex-wife of artist and filmmaker Julian Schnabel, has sold her West Village townhouse for $18.5 million. 123 West 11th Street was listed last...
Done Deals: Bargain on Bergen
Jeremy Parker of City Connections Realty was able to find the right buyer for a century-old Crown Heights home in just four weeks. 1579 Bergen...
Brokers keep feeling the pain as virus keeps Chinese buyers at bay
The Coronavirus is keeping Chinese buyers away from the New York real estate market and brokers are feeling the effect. Since the outbreak of the...
Done Deals: At home on Billionaires’ Row
Billionaire Chairman of Hochschild Mining Eduardo Hochschild recently bought a three-bedroom, 3-bath condo in the MoMA Expansion Tower in the heart of Billionaires’ Row. Elegran...
After shedding its Citi Habitats brand, Corcoran talks global franchising and battling regulators
Last week, powerhouse brokerages Corcoran announced that Citi Habitats – which had been an independent arm of the company for 16 years — would be...
Uber-rich push NYC apt. prices sky high
Despite fewer home sales, the average price of a New York City apartment has been pushed up by very wealthy buyers. Sales like the $92...
Manhattan market looking up: Correction persists, but brokerages are optimistic about 2020
Manhattan’s floundering residential sales market is finally showing some signs of rebounding despite still being in a state of correction, new reports covering activity in...
Hedge fund titan buys another pricey home
Hedge-fund billionaire Israel ‘Izzy’ Englander is a man with a mission, bagging another former consulate property for his personal use. Public records last week revealed...