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 "Pre-War Apartments"
Just How Old Are Most New Yorker's Buildings?
January 16, 2013
Anyone can tell you New York City's housing stock is a mix of new and old, but while headlines of new apartment buildings on the rise grab the attention of the public, the chart above shows nearly 60% of occupied units in the city were built before 1947. Even more striking is the dearth of units coming onto the market since 1974.Read More
SoHo in the Crossroads: To BID or not to BID?
February 01, 2012
SoHo is proof positive that there is such a thing as too popular. Longtime residents in SoHo, many of whom live in those spacious cast-iron loft apartments that most of us dream about, have to face a rather unenviable reality. Namely, their neighborhood has become so crowded with shoppers and tourists that getting from block to block has become a challenge. To make matters worse, there’s trash everywhere. The bins routinely overflow, leading many pedestrians to neatly place their garbage around them, an act that one local politician described to the New York Times as, “a sort of tribute to the garbage pail.” So two years ago, property owners in SoHo made plans to bring in a business improvement district, or BID, which is a public-private partnership that collects assessments to pay for local improvements like better sanitation and beautification. It didn’t take. When the idea of a SoHo BID came before Community Board 2, residents almost uniformly stood against it. Brad Hoylman, the chairman of the local community board, said that, “I can recall few issues where there has been as much vociferous opposition as the SoHo BID.”Read More