Elegran Edge
The Real Estate Blog

What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.

Articles about "New York City Rentals"

  • NYC’s New Micro-Apartments: Just How Livable Are They? By Aby Thomas | January 23, 2013

    There have been plenty of debates about the feasibility of living in a micro-apartment in New York ever since the city launched its adAPT NYC competition in July last year, where it invited architects to submit design proposals for apartments that range in size from 250 to 370 square feet. On Tuesday, a team comprised of Monadnock Development LLC, Actors Fund Housing Development Corporation and nARCHITECTS was declared as the winner of the competition, with the city choosing their designs to be implemented for the 55 units of Manhattan’s first modular, multi-unit micro-apartment rental building.

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  • Manhattan Pooches Now Enjoy Concierge Services By Aby Thomas | September 04, 2012

    Being man’s best friend has certainly worked out well for the pooches of New York City. Although it may be a hassle for most apartment residents to house a canine in their homes, New Yorkers don’t seem to mind and are happy to take the extra mile when it comes to caring for their pet dogs. This would therefore explain the popularity of pet friendly buildings in Manhattan, as residents would expect the five-star treatment not just for themselves, but also for their furry friends. While dog walking services have always been in demand, it turns out there’s a new service in town to make sure our pooches lead a charmed life: dog concierges.

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  • Rent or Buy? Majority of Americans Say: “Buy!” By Aby Thomas | August 09, 2012

    When it comes to looking for a home in New York City, people are often faced with the question of whether they would like to rent a gorgeous apartment, or just buy one that they can refine to their own tastes. For most people, this question would be answered on the status of their personal finances. For others, this has to do a lot with finding their dream apartment—for instance, the choice of rental apartments may simply not be as good as the luxury homes that are on the market for a price! Also, let’s not forget the emotional quotient associated with a home—the repeated angst of having to leave apartments in the course of a renter’s life can easily be avoided if one were to instead buy a home and live in it for years.

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  • Newly Listed 27-Story Rental Building Could Return $100M By Gabrielle Hughes | March 16, 2012

    Lenox Hill’s 300 East 64th Street property is on the market to generate enormous financial returns, as the Upper East Side building is expected to yield over $100 million. Comprised entirely of rental units, the 27-story property is being sold to take advantage of high investor interest in residential buildings.

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  • Second Avenue Construction Producing Considerable Rent Drops By Gabrielle Hughes | January 25, 2012

    Those seeking affordable residency within a prestigious Manhattan neighborhood are now able to do so, as long as they can bear the discomfort of seemingly endless construction.

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  • Midtown West Gets a Little Bigger By Justin Spees | December 09, 2011

    We’ve been watching Midtown West’s development from a desolate part of New York City to the next thriving residential neighborhood with eager eyes. We get pretty excited each time a new development deal is announced, so imagine our joy when we read that the Brooklyn-based real estate investment company Fortis Property Group recently spent $23.5 million for a development site in Midtown West, which it plans to turn into a residential building.

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  • Line Between Rentals and Condos Grows Hazy By Daniel Muhlenberg | November 17, 2011

    Back in the day, it used to be that you built a condo strictly as a condo, and if times really got tough, then maybe you started renting to tenants instead of selling to buyers. And if you built a rental, it was definitely going to stay a rental. All of this has changed. Surviving in today’s uncertain environment has required innovation, risk, and even a little failure on the part of developers and real estate professionals, so many of the old standards have fallen by the wayside. Some adaptations haven’t panned out, but one of the one that has provided some much needed breathing room for developers is the strategy of building condos that can be easily converted to rentals and vice versa, thus conceding the fact that this change will most likely be necessary.

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