Real Estate News from April 2013

  • Views from the Top: Awe-Inspiring Snapshots of New York City By Aby Thomas | April 19, 2013

    Image via Twitter: @WTCProgress There may be several practical reasons for New York City buildings to be as tall as they are, but let’s admit it—we New Yorkers do love the thrill of being able to see this magnificent city from a spot in the sky. For instance, take a look at the above image, tweeted by WTCProgress on Wednesday: this is the breathtaking view of Manhattan, Brooklyn and Queens one gets from the top of One World Trade Center, the 104-story skyscraper being built in Lower Manhattan, which will soon become the tallest building in New York City.

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  • Puck, Puck, Goose : Puck Penthouses Finally In Action By Janna Allen | April 18, 2013

    With a teaser site up, and an official listing on Douglas Elliman, it seems as though the rumors regarding the historic Puck Building are true.

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  • The Charles Launching Sales on May 1 By Aby Thomas | April 17, 2013

    Good things come to those who wait, and so, while the condominiums at The Charles on 1355 Fifth Avenue may have taken a long while to come on the market, it is safe to say that these luxury homes were certainly worth the wait. According to a report in Curbed New York, The Charles, which has been in the works since October 2008, got its offerings plan approved last week, and the building now plans to launch sales in early May.

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  • Stage Set for Manhattan Apartment Prices to Rise By Aby Thomas | April 16, 2013

    New York City’s real estate sector has had an interesting first quarter this year—while there was a definite decrease noted in apartment prices across Manhattan, home hunters were still having to dish out a pretty penny if they wanted to get their hands on the New York City apartment of their dreams. A market report by Brown Harris Stevens put the average price of a Manhattan apartment to be at a hefty $1,252,081 in the year’s first quarter, which is, interestingly enough, 16 percent lower than what it was a year ago.

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  • Real Estate Apps: Worth the Hype? By Thomas Faddegon | April 12, 2013

    Ten years ago, it was virtually impossible for the average buyer to access multiple-listing services without the aid of an agent. Compiling listings was a long and laborious process, and information was often difficult to come by. In a strange twist of fate, present-day home buyers now find themselves with the opposite problem. Although it may seem that the advent of the real estate app has made the buying and selling of homes vastly simpler, these innovations are a double-edged sword.

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  • Curtains Up At 10 Madison Square West By Janna Allen | April 12, 2013

    Following a series of unmet conversion dreams and a $136.8 million lawsuit, 10 Madison Square West in the Flatiron District, is finally on the road to a luxurious makeover. Previous owner of the old Toy Center, (whose physical address is 1107 Broadway), Yitzchak Tessler, had plans to crown the city’s former headquarters of toy manufacturing and distribution, with 8-stories of luxury rental spaces. Tessler also boasted an addition of a bowling alley and basketball court to the premise, as well as transforming the building’s footbridge into an event/party space.

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  • Now is the Best Time to Sell Your Property in New York By Aby Thomas | April 11, 2013

    If you have been waiting for an opportune time to put your New York property for sale, all signs point to now being the best time to do just that. In a real estate market that is now notoriously short of inventory, people who have put up their apartments for sale are seeing top dollar being offered for their luxury residences, often from multiple interested buyers. It’s a seller’s market in New York right now—the ones who are selling are the ones laughing all the way to the bank.

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  • The Heights of Luxury: One-Third of 432 Park Avenue’s Units Already Sold By Aby Thomas | April 10, 2013

    Image: © dbox for CIM/ Macklowe Properties Given that 432 Park Avenue is slated to become the tallest residential tower in the western hemisphere when it is completed in 2015, we weren’t too surprised with the mind-blowing prices the developers were asking for the apartments at this luxury building.  But what is interesting to note is that despite the shocking prices, sales at this Rafael Vinoly-designed tower have been doing extremely well, with one of the building’s developers, Harry Macklowe, saying that he has already sold one-third of the 123 units being built at 432 Park Avenue.

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  • Foul On The Play! : NYCHA's Proposed Infill Plans Blocked By Janna Allen | April 09, 2013

    Those who are dwelling within public housing in New York City are not happy. Their simmering anger is being directed towards NYCHA and their landfill plan (pictured above), which sprung about late last month. Empty pockets and eager eyes have forced NYCHA to propose a sale of “unused” land located within several housing projects in Manhattan. Parks, seating areas and parking lots would be auctioned off to private developers and replaced by new luxury buildings with hopes of an upsurge in much need NYCHA income.

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  • A West Village Home for Tom Brady and Gisele Bundchen By Aby Thomas | April 08, 2013

    He’s a New England Patriot who has twice won the NFL Most Valuable Player award, and she’s a supermodel beauty who has an estimated net worth of $250 million. Together, Tom Brady and Gisele Bundchen make one very lovely married couple, and they are now raising a family with their children, three-year-old Benjamin and four-month-old Vivian. The New York Post reports that this very hot celebrity couple is now looking for a new home in the West Village, and given that we had tried helping out Lady Gaga with her apartment hunt, we think it’s only fair that we find some good home choices for the Brady-Bundchen bunch as well.

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