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 Real Estate"

  • A Chat with Elegran's Kirk Eckenrode By Kamini Ramdeen | March 04, 2014

    Recently, we had the opportunity to speak with Elegran agent Kirk Eckenrode about his experiences in the real estate market in NYC, notably his recent closings at 1280 Fifth Avenue and a penthouse at 150 East 57th Street. Kirk has a great deal of experience in building client relationships with domestic and international clients, along with a committed passion for the real estate industry.  

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  • What's Ahead in NYC Real Estate: 2014 Edition By Ryan Daley | January 01, 2014

    2013 has proven a banner year for New York City real estate, with housing prices nearing pre-recession levels and a multitude of high profile developments drawing buyers from around the world.

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  • It’s Alive! MoMA Tower Jumpstarted by Foreign Investment By Bryan Gamble | November 04, 2013

    In yet another series of fortunate financial events, the vacant lot adjacent to the MoMA has received a substantial investment of about $1 billion to greenlight the MoMA Expansion Tower, also known as Tower Verre (which fancifully translates to ‘glass tower’).

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  • The Growing Billionaire Demographic in New York By Bryan Gamble | October 03, 2013

    The New York City luxury real estate market has been in a continuous upswing over the past several years and has reached unprecedented heights. This booming market is largely due to an influx of the rich, amounting to some 70 billionaires and 389,000 millionaires living in or owning property in New York.

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  • Boom or Bust: Foreign Instability Could Fuel NYC Luxury Market By Thomas Faddegon | July 01, 2013

    As comforting as it would be to think that the recovery of real estate market was entirely due to the robustness and durability of the American economy, the truth is that the market received a much-needed boost from wealthy foreign buyers. Cities like New York and Miami in particular have benefited from this influx. In Miami, Brazilians accounted for 12% of the city’s real-estate sales in 2012, with the majority of those purchases falling in the $200,000+ range. Some luxury condo towers are 60% to 75% Brazilian.

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  • NYC Keeping Up With Global Meccas? By Clemence Fontaine | June 25, 2013

    The luxury housing market is not expected to decrease any time soon, as a matter of fact it has grown much faster than mainstream housing markets. This phenomenon was witnessed in the aftermath of the financial crisis in 2008, when global financial markets and investments were found to be too volatile - real estate turned out to be a “safe haven” for international buyers. 

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  • Billionaire William Ackman Revealed to be One57 Penthouse Buyer By Aby Thomas | May 20, 2013

    The penthouses at One57 have been the stuff of lore in the Manhattan real estate sector—everything about these luxury residences, be it their expansive spaces or their stunning views, have been praised and lauded in the past couple of months. Of course, the prices of these penthouses were responsible for most of this buzz in the market—given that these apartments were listed for more than $90 million, there’s been a lot of speculation about who were the mystery buyers of the duplex penthouses at One57.

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  • Cash Only: The New Trend for Luxury Real Estate By Thomas Faddegon | May 10, 2013

    A suitcase full of money is an image most people would associate with Hollywood depictions of illicit transactions. In reality, cash deals have always been a staple of high end real estate. But in the modern Manhattan market, this cinematic motif (suitcase optional) is becoming more commonplace by the day.

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  • SoHo Tops the 10 Priciest Neighborhoods in New York City By Tim Sheehan | February 05, 2013

    Want to know what a million dollars can buy you in New York? Well, it’s not so much ‘what’, but more of a ‘where’. According to data from PropertyShark, all but three neighborhoods posted median sale prices of less than a million dollars in 2012--not that you’d struggle to find a million dollar listing anywhere in the City.

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  • A Look Back at New York Real Estate in 2012 By Aby Thomas | January 04, 2013

    If the record breaking sales that occurred in New York City are any indication, then luxury apartments were in high demand in 2012. A string of impressive sales at prestigious buildings like 15 Central Park West, One57 and 50 Central Park South paved the way for other buildings in the city to follow suit, with apartments on the market featuring prices as grandiose as their design. But despite their sky-high prices, most of these homes found buyers as well—a good indication of the resurgence of the New York real estate sector.

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