Your basic Brooklyn apartment will get you a chic interior and hardwood floors, but little room for a kitchen table.
"Where do you put a kitchen table? Does no one eat around a table in New York?," asked one potential buyer on Sunday. Read More
Surprise, surprise—the new Douglas Elliman and Miller Samuel report shows that North Brooklyn home sales have more than tripled during the past year, which is just further evidence of expansion in an area that's growing in popularity with the young people.
Sales in North Brooklyn, which includes Williamsburg and Greenpoint, went from 127 units at this time last year to 402 units in the second quarter of 2011, a significant increase that could partly be attributed to trendy new condo development The Edge. The complex has 565 units and, according to its website, is more than 50 percent sold. Read More
It would seem by a new report that there are either (a) a lot of people leaving Brooklyn; or (b) a lot of opportunities to move to Brooklyn. It's got to be (b), right?
The number of homes offered for sale in the BroBo paradise jumped 11.5 percent annually in the second quarter, according to a new report from Douglas Elliman and Miller Samuel, and the average number of days spent on the market hit 142 days, up from 103 days during the same time last year.
More apartments and brownstones gone wanting? For a month-plus longer than last year? What gives? Read More
As it turns out, we're all screwed (except uptown)—the latest second-quarter data from Douglas Elliman and Miller Samuel shows there isn't much discrepancy between rents on the East Side, West Side and downtown in Manhattan. And the net rates just keep on rising. Read More
Back in April, there was much hand-wringing (and Obama-blaming) when apartment sales prices actually dipped in the first quarter. It turns out the first-time homebuyer tax credits had not so much buoyed the Manhattan housing market as put a kink in its decline that is still being worked out.
The good news was the dip meant a return to the normal, seasonal cycles, and it is reaffirmed today with the release of No. 1-in-our-hearts Jonathan Miller's report for Prudential Douglas Elliman. Read More
Co-ops are the dominant form of for-sale housing on our fair isle, more difficult to get into (persnickety boards that have recently gotten that much more uppity) and generally more expensive to buy (bigger down payments and more stringent financial requirements). They account for roughly two-thirds of the Manhattan housing stock, with condos comprising much of the rest.
But, for a while there during the last decade, condos overtook co-ops as the preferred housing choice, maybe due to looser mortgages or just the simple ubiquity of all those gleaming, new towers. This reporter recalls offhand a study done by The Real Deal magazine that showed more than 9,000 condos proposed for Manhattan in 2005 alone—and most of them subsequently got built.
It appears, though, that the dowager has risen. Read More
Second-quarter housing numbers for Manhattan dropped this morning, and we caught up with appraisal ace Jonathan Miller, CEO and president of Miller Samuel and author of Prudential Douglas Elliman's report. Guess what? There's a shift in the market—and a good one, if you're a condo developer or a condo seller.
While the number of overall sales Read More
For the second consecutive quarter, half the homes sold in Brooklyn went for under half a million dollars, a psychological benchmark if there ever was one that the American Dream could be within the reach of even the skinny-jeans set.
Appraisal firm Miller Samuel and mega-brokerage Prudential Douglas Elliman released their third-quarter market report, Read More
Curbed hosts a rental panel with Dottie Herman and Jonathan Miller. Their advice to tenants? Buy Read More
South-of-the-highway median home sales price down 41.9 percent Read More
From Ocala, Fla., and Unity, Maine, the fate of New York doormen may be decided. The two towns headquarter the remote command centers of the Virtual Doorman, a technology that, as the name suggests, acts as a building’s doorman in everything but a warm body. Plus, it’s cheaper: $9,000 to $17,000 for installation, maintenance extra, Read More
Tonier homes in Park Slope, et al., averaging above $1.1 million, according to new Read More
For the last 15 years, Jonathan Miller has produced the Prudential Douglas Elliman sales reports that hold the New York real estate world in thrall. Thursday, for the first time, he released a rental report. He was excited.
“To me, this is fun,” Mr. Miller said. “I don’t do something unless it’s fun. I’m Read More
New report shows the number of apartment leases in Manhattan's doorman buildings way down from last Read More
Look to the condos! Their once stiff sales are growing flaccid. Co-ops regain prominence, Read More
