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 "Real Estate Deals"

  • Park 51 Opens to the Public By Daniel Muhlenberg | September 23, 2011

    After a long series of controversies that gained national attention, Park 51 Community Center - widely known by the misnomer "Ground Zero Mosque" - opened its doors last night. In accordance with its vision of being a multicultural community center as well as a place of worship, they hosted the photography exhibit NYChildren which featured pictures of New York City children from over 170 different countries. Sharif El-Gamal, CEO of Soho Properties and one of the leaders of the project, told realdeal.com that, "We couldn't think of a better first expression of Park51 than 170 different children from 170 different countries that really represent our city and will represent the foundation and the model of this project."

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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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  • Historically Low Mortgage Rates Abound By Adam Rothstein | September 07, 2011

    According to experts, today is the best day to buy New York City luxury apartments. With mortgage rates at historic lows, now might be the prime time to take advantage of these decreased interest rates. Not only is home-ownership a solid investment in that properties theoretically appreciate in value, but buying a Manhattan condominium is a bargain in our current financial climate. Whether it is a 30 or 15 year fixed rate, national mortgage rates are all decreasing, sometimes significantly from week to week. Interest rates are almost the lowest they have ever been, and if you can afford it, today may be the best time to buy Manhattan luxury real estate.

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  • Second Avenue Subway: Great for First Avenue By Adam Rothstein | September 06, 2011

    Due to the long-running construction of the much anticipated Second Avenue subway line, which will run from 125th Street to the Financial District upon completion, Manhattan’s East Side is slated for upcoming changes -- many of which we at Elegran won’t be able to predict in advance. However, there is one noticeable change already underway. As explained by the Wall Street Journal, this transformation can best be seen along First and Second Avenues. Traditionally, Second Avenue has been the more popular street of the two, with a variety of restaurant and nightlife options, while First Avenue had consisted mainly of bodegas and nail salons. But as a result of the disturbance caused by the Second Avenue subway construction, there is a a visible change taking place, with First Avenue poised to benefit the most from the messy construction.

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  • Luke's Lobster Swimming To Upper East Side By Christine Mulé | August 24, 2011

    Back in October, Luke Holden opened a seafood restaurant in the East Village called Luke’s Lobsters. He sells lobster, shrimp and crap rolls and gets his seafood from his family’s business in Maine. New Yorkers have been flocking to Luke’s Lobster ever since its opening day in October of 2010. East Village residents love the food and it’s giving Luke Holdon and his partner, Ben Conniff, some new ideas that they are ready to start working on. By May of 2012, the two plan on expanding their business from one restaurant to two. They’re new location will be where Etats-Unis used to be on the Upper East side at 242 East 81st Street. The young restaurant owner has quit his day job to focus on expanding is restaurant business and is in a good mood about it explains the New York Times.

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  • Nordstrom Opening Charity Store In SoHo By Christine Mulé | August 17, 2011

    Soho will soon be hit with Nordstrom’s Treasure&Bond store at 350 W. Broadway. The store is looking to shake things up a bit; rather than putting a clothing or shoe store at their new location, Nordstrom’s is going to open a store that sells gifts and art. The catch with this new store is that it is going to be way more than a place to shop. Nordstrom’s is looking to create a place for the Soho community to come together and they are doing everything different to make this a possibility. From appearance to what they sell to what they do, Treasure&Bond will be the result of a complete overhaul on the typical Nordstrom’s store.

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  • Guitars With A Twist in the West Village By Adam Rothstein | August 17, 2011

    The beat goes on in Manhattan’s West Village. Carmine Street Guitars, owned and operated by Rick Kelly, has tailored his business to a unique approach; he crafts his guitars from pieces of wood once a part of historic NYC buildings. More specifically, he uses white pine boards that he salvages from newly demolished structures. An example of one of these iconic buildings is the Hotel Chelsea, which has begun conversion into luxury rental apartments, thus pushing Kelly's efforts as he pays homage to the past. Most would view these materials, in their raw state, as nothing more than garbage, but Kelly instead believes them to be slices of NYC’s architectural history. “If they could talk, they would have some stories to tell,” explained Kelly when discussing his process. Perhaps it could be said that their transformation into guitars has finally given them a true voice after all.

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  • Neue Galerie Celebrates a Decade on the Upper East Side By Phil Ryan | August 11, 2011

    It has been said that New York City has a museum for any type of art and a restaurant for every type of food, and the Neue Galerie fits the former perfectly. Devoted entirely to German and Austrian art, the Neue Galerie’s collection for a relatively small subset of art is simply astounding. It is also one of Manhattan’s more recent museums and the newest along Museum Mile on Fifth Avenue. To honor its tenth anniversary, the Neue Galerie is preparing a special exhibition that will run from October 2011 to April 2012.

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  • Shake Shack May Be Coming to Grand Central By Robert Knapel | August 11, 2011

    Guess what may be arriving at Grand Central Terminal in the near future? No, it is not the express 4 train from Union Square, it is Shake Shake, home to one of New York’s favorite hamburgers. A creation of famous award-winning restaurateur Danny Meyer, Shake Shack is known for its outstanding hamburgers as well as, wait for it, its fantastic shakes. The lines at Shake Shack’s original location in Madison Square Park have been known to snake throughout the green space and it should be interesting to see how long they can get at Grand Central Terminal.

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  • Apple Arriving in Grand Central After All By Phil Ryan | August 11, 2011

    In 2002, Apple opened its first store within New York City in SoHo, winning not only a number of architectural awards but also increased brand recognition and the loyalty of an ever-growing number of Mac and iPod users (yes, there was a time before the iPhone and the iPad). As of July 2011, there are four in Manhattan alone, and with a major reshuffling of leases and spots at Grand Central, it looks like a fifth is on the way. Much debate ensued over whether or not an Apple store would even be arriving in the United States’ second-busiest train station and now the MTA has confirmed that the company will open its fifth store in the landmark Grand Central Terminal.

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