Real Estate News from December 2012

  • 8 ways to spend your New Year's Eve in NYC By Ryan Daley | December 31, 2012

    With 2013 less than 24 hours away, Elegran presents to you 8 ways to spend your New Year's Eve in NYC. Some are free, some are going to cost a small fortune, but all of them will be be a great way to say farewell to 2012 and hello to a brand new year and all the opportunities and challenges that lie ahead! From all of us at Elegran, have a great 2013, we're looking forward to working with you!  

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  • Stuyvesant Town - Peter Cooper Village - is appraised, one step closer to sale By Ryan Daley | December 27, 2012

      Manhattan's largest apartment complex is another step closer to finding another owner as Stuyvesant Town - Peter Cooper Village - was recently appraised at $3.2 billion. The complex is controlled by CWCapital Asset Management on behalf of bondholders who took over the property in 2010.

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  • Celebrating Christmas in New York City By Aby Thomas | December 24, 2012

    After what seems to have been a long, long wait, Christmas is finally here—or rather, it’s almost here! It’s only Christmas Eve today, but in a few hours time, homes across New York City and beyond will see families getting together, presents being opened, sumptuous feasts being served and much, much more. While many will relish the opportunity to stay inside their homes for Christmas, there will be others who would want to get out and about to celebrate the festival. New York City residents who belong to the latter category are especially lucky in that regard, since the city has several Christmas-themed festivities that are sure to please. Here are a few choice locations to celebrate Christmas in the city:

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  • New York Public Library Gets a Makeover this Summer By Liam Delaney | December 19, 2012

    It has been 10 months since the New York Public Library announced plans for a $300 million renovation of the classic  Fifth Avenue building. In that time it has faced waves of controversy, with scholars and writers accusing the library of abandoning its commitment to research and people wondering what in fact the new building will look like. Luckily, the latter question has been answered with newly revealed renderings of the new contemporary design.

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  • Intrepid Museum Set To Reopen With Ticket Promotion By Ryan Daley | December 18, 2012

      Starting December 21, Tourists and New York City residents alike can take advantage of a buy one ticket, get one ticket free promotion at the Intrepid Sea, Air & Space Museum until February 15, 2013. After closing due to damage sustained during Superstorm Sandy in late October, the museum will reopen after months of repairs to combat the four to six feet of flooding to its main electrical transformers and backup generators.

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  • Using Vines to Beautify the West Side Highway By Liam Delaney | December 17, 2012

    New York City can always use more green space. In recent years New Yorkers have been getting creative with how they create their parks - think of the Highline and the upcoming Pier 57 remodel. The latest in this line is a new proposal to beautify the West Side Highway by using vines and waterfalls. The idea comes from New York City architect Laurence Tamaccio, who lives on Riverside Boulevard, and the project is slowly gaining support from Community Board 7 and Upper West Side apartment residents. If everything goes according to plan, residents of buildings such as the Avery and The Heritage at Trump Place will have a brand new green vista to look out on.

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  • Battery Park City on Ice By Laura Simmons | December 14, 2012

    Winter is here, and as with any other year, the holiday season seems to be one of major highlights. However, not everyone is filled with the holiday spirit this winter. Many New Yorkers in neighborhoods such as Battery Park City are still recovering from the damages caused by Hurricane Sandy. However, Santa Claus has delivered an early Christmas present to the residents of Lower Manhattan. Assembled in Wagner Park is the Liberty View Ice Rink, which is now open to the public for some ice skating fun. Many believe that after all Sandy victims have been through since the storm, this recreation is much-needed. Residents can feel free to use the ice rink as a place to leave their troubles behind and soak up some of winter’s magic.

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  • Gear up, New Yorkers: Your Subway Rides are Going to Get Costlier By Aby Thomas | December 14, 2012

    We always knew New York City was expensive, but it’s soon going to get a lot costlier. After months of discussion on four different proposals for its 2013 fare hike, the MTA has finally settled on a scheme that will increase prices across all card options. While some New Yorkers shook their heads at the hike to their cost of living in the city, other residents of the city saw it as an unavoidable increase, much like the rise in expenses they have been seeing in other parts of their daily lives.

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  • New Condos In Manhattan Come Back to Life By Laura Simmons | December 13, 2012

    The bets are in! Seems like Manhattan’s real estate market is shifting  gears. Bankers, buyers and developers are putting money down on the belief that the condominium market is coming back to life. With many condominium developments emerging throughout the city, particularly in Manhattan and Brooklyn, the real estate market is having an increase of owners as opposed to renters. Maybe the increase of condo developments stems from the fact that many developers are competing for the “city’s tallest building” record, buildings such as One57 or 432 Park Avenue. Other residential towers outside of this competition such as 56 Leonard Street and 50 UN Plaza are also contributing to this increase in inventory. 

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  • The 12.12.12 Concert for Sandy Relief Rocks Out Tonight By Aby Thomas | December 12, 2012

    Today is 12-12-12 on the Gregorian calendar—a momentous date owing to the fact that the next time such an alignment of numbers will occur will be in the next century, that is, on January 1, 3001 (1-1-1). Given the memorable nature of the date, it is therefore fitting that we are going to see a one-of-a-kind concert play today at New York City’s famous Madison Square Garden, featuring A-list performers like Bruce Springsteen, the Rolling Stones, the Who, Paul McCartney, Alicia Keys, Bon Jovi and more, all coming together on one magnificent stage.

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