Archive | Current Market

In a City With Challenges, Much to Offer


ON THE AVENUE Gramatan Avenue is part of a shopping enclave, along with Broad and Grand Streets, that has a grocery store along with a variety of shops, small businesses and restaurants.
IN many ways, the Fleetwood area of Mount Vernon, in southern Westchester County, is a home buyer’s dream, with its rich stock of Tudor, [...]

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Keys to a Condo, and Gramercy Park


GRAMERCY PARK, a lush two-acre rectangle at the end of Lexington Avenue, is famously private. And the rules about who can enter its locked gates seem strict enough to keep it that way for a long time.

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Archpartners
A TWOFER A rendering of the new condo on Irving Place that is offering buyers a [...]

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Growing Into a Nicer Place


ONCE Matt Mager abandoned the instability of an actor’s life and landed a steady job, he knew it was time to upgrade his living situation.

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Tina Fineberg for The New York Times
Matt Mager settles into his new place, with plenty of space.

Mr. Mager, 27, had spent five years [...]

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Rooted in Times Square’s Backyard


 

SUZANNE HARVEY lives just two blocks from the center of the center of the universe. From her stoop on West 44th Street, between Ninth and 10th Avenues, she can hear all the celebrations in Times Square, from the New Year’s Eve hoopla to the MTV awards to the rock and hip-hop concerts.

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Echoes of Carnegie Hall on Fifth Avenue


Q There is a handsome orange brick building at the northeast corner at Fifth Avenue and 33rd Street that looks like the son of Carnegie Hall. Who was the architect? What was its original purpose? Is it a landmark? … James Duncan, Manhattan

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Clockwise from top left: American Architect and [...]

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A Glut of One-Bedroom Apartments


 
OWNERS of one-bedroom apartments in Manhattan may be surprised if they put their homes up for sale anytime soon.

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Chester Higgins Jr./The New York Times
April Hartstein was able to persuade the developer of the Jacksonia in Williamsburg, Brooklyn, to add a second larger closet to her bedroom.

Price appreciation for one-bedrooms [...]

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Costas sells Time Warner condo


Sportscaster Bob Costas won’t have to worry about selling his Time Warner Center condo while hosting the Olympics for NBC this summer. His 61st-floor, three-bedroom apartment in the south tower sold for $8.5 million. He bought the unit in 2005 for just $4.95 million. As The Real Deal first reported, Costas paid just over $11 [...]

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Swig offers high-end furnishings at Sheffield57


To attract new buyers, Kent Swig is offering a swanky new amenity for the controversial conversion Sheffield57. Buyers can now opt to have their condos fully furnished, right down to the bottle openers. They can choose from pre-designed apartment set-ups based on imagined personalities and different price points. An unfurnished unit will cost $825,000, but [...]

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Builders look to turn buyers’ tax credit to cash


Home builders are considering trying to monetize the first-time home buyers’ $7,500 tax credit that’s part of the new housing legislation signed by President Bush. The credit can only be claimed after the buyer files taxes, but builders are looking for a way to get the cash into the hands of buyers before they purchase [...]

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Sovereign wealth funds turn to real estate


Analysts say sovereign wealth funds will be making major investments in real estate investment trusts, helping to fill the gap in domestic liquidity. The second-largest sovereign wealth fund, Norway Government Pension Fund, recently allocated 5 percent of its assets to real estate, infusing $20 billion into the market. The world has about 50 sovereign wealth [...]

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