“Pre-War,” as in Pre-World War II, is a term loaded with meaning for buyers in New York City. For some it implies a grace of layout. For others, thick walls, better closets, larger baths, bigger kitchens, more detail. Pre-war predates the the low ceilinged, “cookie cutter” layout that is certainly present in much of the
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BROWN HARRIS STEVENS ABSORPTION REPORT NOVEMBER 2013
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Thanks to my associate Barry Herbst for the below: What wasn’t covered was that De Blasio was elected Mayor-Elect with approximately 73% of the overall vote, and raked in the majority of donations from New York’s top developers, brokers, and other movers and shakers in the industry. As a result it is clear that the
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Some quick trend thoughts with new developments: Super Tall Along 57th Street and nearby: 432 Park is over 50% sold, 1400 feet tall. JDS will do its super-tall sliver building next to Steinway, 107 w 57th Tower Verre just got its cash injection and is off to the races on w 53rd street. Extell, whether
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Happy November. Bill DeBlasio has been officially elected. Bloomberg’s term is unofficially over- the death of the Midtown East redevelopment plan (for now) seems to be as strong an indicator as any. So yes, the king is dead. Long live the king. Bloomberg goes back to running his business. And his legacy will become clearer
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Happy October. Finally we’re seeing lovely Fall weather! As of this week, the jobs report seems to indicate that employment growth has sputtered somewhat. Mortgage brokers I’m speaking to seem to feel that rates will flatten out or drop a touch, and not necessarily go anywhere for a little while longer. This is sure to
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While we are seeing a number of new things on the horizon, I did see three other notable properties in the last two weeks, 540 w 49th and 224 Mulberry, and 182 West 82nd Street. First, 540 w 49th Street. It has just hit the market, with two-bedrooms starting around $1400 per square foot. There
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Over the last few weeks I’ve been running to new development offices all over Manhattan, unveiling “unapologetically high” priced penthouses, and revisits of long lost loves. I’ll explain. I’ll also post again with some additional things I’ve seen. I’ve been keeping consistent contact on a monthly basis for my newsletter with you for about 3
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While the Second Avenue Subway seems to get most of the media’s attention, the extension of the 7 train, and the Hudson Yards is the largest development project in the history of New York. Stuyvesant Town and Peter Cooper Village created 11,000 units of housing- there will be over 20,000 units of housing created, 25
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For me, the marathon metaphor never gets old, perhaps because I’m always thinking about running them. After April’s Boston Marathon and the bombing, I’m excited to run a flat Chicago Marathon in two weeks. The biggest mistake that runners make in marathons is running too fast in the first half. I keep thinking about the
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