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While the market for house under the $1 million mark in New York City is super-hot, the supply of real estate fall far below the demand.
According to data collected by StreetEasy, in 2016, more than half of all online searches were for homes with asking prices under $1 million. From that selection, slightly under 14 percent were looking for homes priced between $400,000 and $600,000. Houses priced from $800,000 to $1 million were sought by approximately 12 percent of searchers. Slightly more than 13 percent of house hunters searched for places priced between $600,000 and $800,000.
DNA Info was told by StreetEasy data scientist Krishna Rao, “New Yorkers are actively searching for homes that fit their budget and their lifestyle. As we’ve
A loan for $235 million has been secured by SL Green and Jeff Sutton’s Wharton Properties to refinance the 12-floor building located at 724 Fifth Avenue, in the heart of New York’s Plaza District that houses Prada’s flagship store.
According to loan documents, a loan for $325 million from Goldman Sachs in 2014 has been replaced by a loan for the same amount provided by Aareal Capital Corporation.
In 2012, Wharton partnered with SL Green purchased the 65,000-square-foot building located at
In 2016, the number of multifamily transactions in New York City reached a five-year low. At the same time, prices continued in their upward trend, especially in the outer boroughs, as reported by The Real Deal. Throughout the five boroughs, in 2016 there were 656 multifamily transactions of 1,120 buildings sold for a total of $14 billion. Transaction and building volume were down respectively 18% and 21% from the previous year.
According to the year-end report from Ariel Property Advisors
A double penthouse combination at the glass-stacked condominium tower owned by Alexico Group and located at 56 Leonard Street in Tribeca, has been purchased for over $56 million by an anonymous buyer.
The gigantic unit is a whopping 11,892 square feet, and encompasses two full-floor condos on the 53rd and 54th floors. The deluxe apartment features multiple terraces, with a total of 3,300 square feet of balcony space. measure a whopping 11,892 square feet with multiple terraces and
The screenwriter of the infamous cult-classic film “Desperately Seeking Susan,” Leora Barish, has listed the Chelsea townhouse located at 240 West 21st Street, which he owns with fellow screenwriter Henry Bean, for $7.1 million, according to StreetEasy records.
“Desperately Seeking Susan” was released in 1985 and assisted in making Madonna famous. In addition to writing it, Barish also did work on “Basic Instinct 2” and “Venus Rising.” Bean also contributed to “Basic Instinct 2” and wrote