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 "NYC Luxury Apartments"

  • Property Values in North TriBeCa Will be Unaffected by New School Re-Zoning Plan By Adam Rothstein | October 24, 2011

    A recent plan proposed by the NYC Department of Education plans to re-zone a portion of Manhattan’s TriBeCa neighborhood as being a part of a new school district. Unveiled at a District 2 Community Education council meeting, the plan is to send children living in TriBeCa north of North Moore Street to P.S. 3 in Greenwich Village, as opposed to P.S. 234. Many parents living in the neighborhood are outraged; not just because they would have to send their children to a new school, but they are also concerned that this new ordinance will decrease their property values. A seemingly valid concern, to be sure, but one that many NYC real estate professionals believe is untrue; in fact, many do not believe it will be detrimental or beneficial to property values at all.

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  • New York City Real Estate: Now Immune from Downgrades By Phil Ryan | September 26, 2011

    When S&P downgraded the United States government from the coveted AAA to AA+, most thought that it would seriously affect the way we live, changing how we handle and in many ways value money. From the price of everyday commodities to even the most luxurious of purchases, the consensus was that each and every purchase made by most Americans would be the product of research in terms of cost-effectiveness and usefulness. There is one exception, however: Manhattan real estate, particularly in the luxury department.

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  • New Limit on Government Insured Mortgage Loans By Kimberly Milner | September 21, 2011

    For some New York City co-op or condo buyers, October 1st looms in the horizon as a date that will make or break their real estate deals. Since HUD’s announcement in late August that the government planned to lower the limit on mortgage loans it backed, a slice of single-family homebuyers in high-cost metropolitan areas like Manhattan might be affected.

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  • West Chelsea: A Zoning Success By Phil Ryan | September 20, 2011

    In 2005, the New York City Department of Planning, correctly anticipating the demand that the then-decaying High Line would bring when renovated, as well as with the desire to regenerate a relatively unique section of Manhattan, undertook an intensive re-zoning of the area roughly bounded by Tenth and Eleventh Avenues from 16th to 30th Streets. Despite such a small area, the influence of the High Line, which runs directly through West Chelsea, and the trendiness of the neighborhood have made the re-zoning a wild success; West Chelsea is one of the fastest-developing parts of Manhattan.

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  • Toll Brothers Re-Claims NYC as Part of Its Empire By Eliza Dillard | July 18, 2011

    For nearly 45 years, Toll Brothers has prided itself on -- and marketed itself as -- being America’s top “luxury home builder." From golf course mansions to poolside townhouses, Toll Brothers created an ever-increasing empire, if one that -- until a few years ago, at least -- was confined largely to the 'Burbs. That changed in 2008 with the arrival of Toll Brothers City Living, a branch of the company specializing in housing in Manhattan, Brooklyn, Hoboken and Philadelphia. Of course, as anyone who followed Manhattan real estate -- or the economy, or anything else -- could tell you, '08 was an especially inopportune time to be starting a real estate business. Unsurprisingly, Toll Brothers City Living got off to a rough start with Northside Piers, and later that year Robert I. Toll, chief executive of Toll Brothers, claimed that New York City had “joined the rest of the country” and was no longer a place to buy homes.

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