Magazine | Press Archives

By Cassandra Stoklosa on July 20, 2010

Renter Woes: The End of Free Months and Fake Walls

Bad news for college grads moving to Manhattan: You can’t live here for under $1,300.
The Real Estate Group of New York’s latest Manhattan Rental Market Report went live on Tuesday morning, and it shows rents in July ticking up. That’s reassuring for landlords and worrisome for first-time renters. Your friends who entered the market last [...]

By Cassandra Stoklosa on June 21, 2010

Hipsters as Marketing Material: Billyburg’s Condos Confront the Incredulous

By William Alden

“People always ask about the development across the street,” broker Kevin Ferrara said, gesturing toward an empty lot out the window of a first-floor condo at 29 South Third Street in Williamsburg. “So I’m going to tell you.”
The lot, overgrown with weeds and rimmed by a chain-link fence with a barbed-wire coil, formerly [...]

By Cassandra Stoklosa on June 14, 2010

New Rental Tower Fills Tall Order

By Amanda Fung
Despite years of community opposition over its size, a financial crisis that briefly threatened to halve its height, and falling debris that rendered neighboring streets hazardous, the city’s tallest residential spire will officially open its doors in about six months.
And after all that, the 867-foot Beekman Tower is already being hailed as a [...]

By Cassandra Stoklosa on June 7, 2010

Go Outside

516 West 47th Street
At 703 square feet, this apartment is plenty spacious for a one-bedroom, and the kitchen’s renovated. But in warmer weather, you’ll want to do your entertaining in the 500-square-foot patio, with its ample perennial border.
Broker: Robert Beacham, the Real Estate Group of New York.
$850,000

By Cassandra Stoklosa on June 3, 2010

How To Be A Brainy Renter

EVERYONE has heard a nightmare story of a newbie in Manhattan’s crazed rental market: the crooked brokers, the bait-and-switch online advertisements, the cajoling landlords, the thousands of dollars spent — and sometimes lost — in deposits.

As the power of the market turns once again to favor landlords and their gatekeepers, the brokers, it is useful [...]

By Cassandra Stoklosa on June 2, 2010

Residential Deals: Manhattan

Flatiron
$1.65 million
1200 Broadway
2-bedroom, 2-bathroom, 1,750 sf co-op loft in an elevator building (Gilsey House); unit has renovated kitchen and bathroom and washer/dryer; building has storage; maintenance $2,349 per month; 50 percent tax-deductible; asking price $1.749 million; 12 weeks on the market. (Brokers: Robert Beacham, The Real Estate Group of NY; Toni Haber, Prudential Douglas Elliman)
Greenwich [...]

By Cassandra Stoklosa on June 2, 2010

Welcoming Back Graduates- at least some of them

In New York, springtime usually means a flood of fresh-faced college graduates ready to start their first job and live together in their first rental apartment.
Last year, much to the dismay of many brokers, that flood was more like a trickle, thanks to the recession. Now, with the economy improving, agents and landlords are expecting [...]

By admin on June 1, 2010

Firms change up roles, adjusting to life after new development

David Behin, a part-owner of new development marketing firm the Developers Group, was understandably concerned when the real estate market crashed two years ago.
With condo sales stalled and few new projects getting built, he was suddenly nervous about the future of the seven-year-old company, not to mention supporting his family.
“I had to figure out where [...]

By Cassandra Stoklosa on May 11, 2010

Williamsburg condo boom has gone bust

For all the flack it gets, Williamsburg is still a hot place to live — at the right price. But even developers and brokers, perennial optimists even during real estate’s darkest hours, seemed a bit surprised by a recent spike in activity at some new buildings.
Northside Piers, the 450-unit waterfront project that has consistently been [...]

By Cassandra Stoklosa on May 5, 2010

Demand Grows for F.H.A. Mortgages

THE government program that allows qualified people to buy homes with very little money down is gaining traction in New York.
The loans, offered through the Federal Housing Administration and available since 1934, provided 1 percent of the home loans in the region in 2007, but the number jumped to around 18 percent in 2009.
As credit [...]