Real Estate News from March 2014

  • Foreign Buyers' Trend Moves To Brooklyn By Kamini Ramdeen | March 19, 2014

    Photo Source: http://world.soufun.com/ Oosten Condominium is the soon to be developed 421 Kent Avenue building in Williamsburg, Brooklyn. Like many other condominium buildings in NYC, this one has a green roof, seven stories, 215-condo units, private pools, aerobics room, cafe, even an industrial design that has a glassy facade complimenting it’s exterior. What’s unique about this particular building?

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  • Top NYC Parks for Novice Runners By Jonathan Tuason | March 17, 2014

    When it comes to cardio, treadmills are usually a safe, if boring bet.  Fortunately, with the weather warming up, a good run outdoors is totally feasible - and though there are many running tracks located around the city, the scenery they offer is really only good for a single lap.  Fortunately, there are some readily available routes for runners who are just getting started, or want to change up their usual road runs.  

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  • Serendipity: The Happy Chance of Meeting Fanny Allié By Kamini Ramdeen | March 13, 2014

    Have you been to Tompkins Square Park lately? If you have then you’ve seen the life-sized silhouette of an outlined steel man, standing beneath a tree looking up towards the sky. The title of this Art in the Parks program exhibition piece is Serendipity, created by N.Y. based artist Fanny Allié. Recently, Elegran Edge had the chance to talk with Fanny about her artwork exhibited in Tompkins Square Park and learn more about the artist behind Serendipity.  

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  • NYC's Debacle: Affordable Housing By Kamini Ramdeen | March 13, 2014

    Mayor de Blasio stated during his campaign that he intends to create a program that will develop 200,000 units of affordable housing over the next 10 years. The mayor’s housing team has a May 2014 deadline to formulate the plan to bring those 200,000 units into reality. The question knocking on everyone’s noggin is how is this possible if during Bloomberg’s three terms there were less than 5,000 units of affordable housing created. Not that there wasn’t a lot on the plate of our new mayor already, but will he able to live up to his goal?

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  • 12 NYC Museum Exhibition Must See's in Spring 2014 By Kamini Ramdeen | March 13, 2014

    The Solomon R. Guggenheim Foundation Italian Futurism, 1909 - 1944: Reconstructing the Universe Now - September 1st, 2014

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  • Answering the Age-Old Question of Renting vs. Buying in NYC By Stephanie Fujihashi | March 12, 2014

    “Whould it be better for me to buy, or to keep renting?”

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  • Underrated: NYC's Great Affordable Neighborhoods By Jonathan Tuason | March 10, 2014

    Being one out of the two most important global cities, it’s no wonder why anyone would would want to live in New York.  Fortunately, there are great neighborhoods that, relative to others in their areas, make the New York experience more accessible, i.e. affordable. 

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  • International Buyers Set New Highs In NYC By Jonathan Tuason | March 10, 2014

    Over the last year, international investors, mostly from China, Canada, and the UAE, bought out $5.5 billion in Manhattan office space.  This marks a new high for foreign investment in commercial real estate in the city, and a marked increase over the previous $3 billion peak in 2007.

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  • Building Up the Market: More Permits Than Last Year By Jonathan Tuason | March 06, 2014

    Building permits for new residential units have increased over the past year - this is true for all the city's boroughs.  More specifically, according to REBNY, 2013 show a 70.7% increase from 2012's numbers.  This is of particular note, since a significant drop in the number of such permits occurred amidst the economic doldrums of 2009, from which the 2013 numbers show a 204% bump.

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  • It's Tax Season Again, Are You Getting Your Money's Worth? By Kamini Ramdeen | March 06, 2014

    It’s that time of year again folks. When we take all of those receipts that were piling up, sort through and hand 'em on over to our favorite accountant.

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