Real Estate News from April 2013

  • How Much Is That Vacant Lot In The Window? By Janna Allen | April 30, 2013

    Back in 1999, the price of a vacant strip of land per square foot was a steal. A mere $46.65 was the amount you’d use to calculate how much, say, that 30,000 square foot lot you’ve been eyeing would end up running you. Today, however, prices of land per square foot have left the attractive double digit range, and developers have found themselves facing prices in the eye-popping triple digit range.

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  • New Development in Tribeca: The Sterling Mason By Aby Thomas | April 29, 2013

    For a market that’s been moaning about its shortage of inventory, any news of a new residential development in New York City is bound to be greeted with glee by the city’s real estate sector. And when the proposed new building is coming up in a neighborhood as desirable as Tribeca—well, let’s just say that some of us haven’t yet stopped our celebratory, fist-pumping dances. The project in question is called the Sterling Mason, and it is going to be a 33-unit building that will be making its presence felt at 71 Laight Street in Tribeca.

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  • 24-Hour Concierge: The New Standard in Luxury? By Thomas Faddegon | April 26, 2013

    There once was a time when pampering yourself on a business trip was a way to mitigate the exhausting effects of working on the road. Need to take the edge off after finishing up tomorrow’s presentation at two in the morning? Order late-night room service, and throw in a few bizarre requests for good measure.

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  • Is The NYC Luxury Market A Bargain? By Janna Allen | April 26, 2013

    Earlier this morning, a music video by mayoral candidate Jimmy McMillan fell into my lap. McMillan, dressed in a dashing blue suit (complete with gloves and shined shoes) walks along NYC streets as a hypnotizing beat plays in the background. He begins rapping about the fact that rent is “Too damn high” and goes on to tackle political issues regarding education and wages.

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  • Get Your NYC Apartment Designed--For Free! By Aby Thomas | April 25, 2013

    So, you’ve found your perfect New York City apartment—great! Now comes the tough task of converting your swanky new residence into the home you have always dreamt of. However, designing an apartment is hardly ever an easy process—one always wants the best furniture and fixtures in their home, and given the struggle that’s often involved in finding such pieces, this can make interior décor a very pricey and difficult project to undertake.

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  • Taking the Gloves Off: MSG and Penn Station By Thomas Faddegon | April 24, 2013

    Penn Station is about to burst at the rafters. It likely would have done so already, were it not for a certain 19,000-seat stadium sitting squarely on its head. Manhattan’s entire subway system is notorious for packed subway cars at rush hour, and commuters have learned to suspend any notion of personal space for the duration of their ride. Nevertheless, overcrowding at the famous NYC station has reached critical levels.

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  • Pricing Ahoy! The Jefferson Reveals Its Worth By Janna Allen | April 23, 2013

    A historic lot located on 211 East 13th Street in the East Village has been calling for a lot of attention. While it remained untouched for nearly a decade, the skeleton of an 8-story glassy condominium appeared within the past two years. Formerly dubbed the “East Village Mystery Lot,” the ground was once home to the vaudeville-infused Jefferson Theater, which was demolished in 2000.

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  • Exciting Times Ahead for Roosevelt Island By Aby Thomas | April 23, 2013

    Move over, Williamsburg: Roosevelt Island is the hottest new neighborhood in town, and there’s a lot more happening here than just a bunch of ironically named bars. Small and unpretentious, this island in the East River is in the midst of a major rejuvenation—from swanky parks to sprawling colleges, a number of new developments are setting up shop in this beautiful neighborhood, and there seems to be little doubt that Roosevelt Island is going to play a significant role in the New York City of the future.

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  • Go Green in Your NYC Home By Angela Richardson | April 22, 2013

    Happy Earth Day! While the green movement is going strong and shows no signs of backing down soon, we still have a long way to go. Here are five simple ways to make your living space eco-friendly while reducing your carbon footprint and thereby helping fight global warming.

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  • Celebrating Earth Day in New York City By Tim Sheehan | April 22, 2013

    Today, and every year on April 22nd, we observe Earth Day, where events are held worldwide to demonstrate support for environmental protection and sustainability. With its relatively low level of emissions per capita, commitment to green initiatives, and some of the country’s top LEED certified buildings, New York City is often considered to be one among the leaders in sustainability in the urban environment.

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