Real Estate News from July 2014

  • Update: Foreign Investors' NYC Real Estate Purchases Escalate By Tasha Moore | July 18, 2014

    A July 8 report from the National Association of Realtors (NAR) reveals a marked increase in U.S. real estate purchases by foreign investors.

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  • Should Second Quarter Slump Be Considered a Real Market Decline? By Kamini Ramdeen | July 14, 2014

    The first-quarter of 2014 brought record setting sales in median price to Manhattan, but have since declined 10 percent during the second quarter. There have been several explanations as to why the median prices have fallen:

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  • New Condos Set To Hit Downtown Manhattan By Samantha Brown | July 14, 2014

    We've put together a list of some of the best new condos set to hit the market in Lower Manahttan. From FiDi to Tribeca to Soho, check out our list below and start the search for your next New York City luxury apartment.    FiDi  

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  • Apthorp Revisions on Hiatus By Lara Milbauer | July 11, 2014

    After over a year of controversy and unsettled arrangements, the plans to reconstruct The Apthorp remain at a standstill. The Apthorp, built between 1906 and 1908, was designated an official New York City landmark in 1969.

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  • Migrating Millennials Could Fuel NYC Housing Boom By Tasha Moore | July 11, 2014

    A good chunk of the nearly 11 million new college grads that moved in with their parents to wait out the brunt of the Great Recession storm have long been itching to experience all the perks New York City living has to offer. As record unemployment numbers dwindle, Millennials have reset their sights on the Big Apple to jump-start their lives and build their careers.

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  • Locals Debate West Side's New Developments By Lara Milbauer | July 09, 2014

    The real estate and development firm, TF Cornerstone is planning a new project to take place on the West Side. The firm hopes to put in a new residential building at 606 West 57th Street. This project would provide permanent, affordable housing and many new residents to the neighborhood. There is a problem, however, that lies within the current residents of the West Side. Residents believe there is already overdevelopment in the neighborhood.

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  • Fund Me, Maybe? A Look at Real Estate Crowdfunding By Samantha Brown | July 09, 2014

    Traditionally, the cost of investing in real estate has always been prohibitive. Unless you had a spare $500,000, you probably couldn’t afford to invest in a piece of property. But after Obama loosened the restrictions on crowdfunding in 2012, investing in real estate suddenly became plausible for a wider group of people.

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  • The Classic Co-op is Back By Tasha Moore | July 07, 2014

    Until recently, co-op apartments rarely surfaced in Manhattan real estate listings flooded with a sea of sought-after condominiums. But apparently, the soaring demand for pricey New York condominiums is affecting how co-ops are handling their priggish business these days. Today's buyers are shelling out tons of money for state-of-the-art condos that have attractive selling points, and co-ops have opted in for the action.

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  • Seaport City, The Planning Continues By Lara Milbauer | July 07, 2014

           The discussion continues regarding the concept of New York City’s potential new project, “Seaport City.” After the disastrous mess Hurricane Sandy left, New York City officials hoped to come up with a plan that would keep New York City prepared if another natural disaster were to hit.

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  • AirBnB Controversy Continues By Lara Milbauer | July 07, 2014

    Controversy regarding AirBnB strikes again. It seems that the only people pleased with AirBnB are its business creators and its users (which happens to be a lot of people). AirBnB has been declared illegal on numerous accounts, yet people continue to use this service. The main issue that accompanies this business is the lack of tax. In all the different locations that use AirBnB, they have separate laws for renting and taxes. The creators of AirBnB hoped to have a general law that can be adjusted in various cities as needed.

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