44 Manhattan and Brooklyn new developments slated for Spring 2014

Just like the temperatures heading into spring, the real estate market tends to warm up. But this year, the sheer amount of action is white-hot, way ahead of the mercury on the thermometer. Why? A whopping 44 new developments are launching this spring—that's condos and rentals—in neighborhoods from Inwood to Williamsburg. Get ready for some big names (and pricey properties) at the Woolworth Building, Stella Tower, and 30 Park Place's Four Seasons Private Residences. Park Avenue South's Fortress of Glassitude is also, at long last, ready to roll. Meanwhile, there's TF Cornerstone's massive rental tower, the last of six it has erected along the Long Island City waterfront, and tons of smaller buildings in Brooklyn, some with just a handful of units. Know of any building we've missed? Please share in the comments or with the tipline, and we'll add it to the map. Take a look at the whirlwind of activity below, which brings one word to mind: Brace.

Read the full story here: http://ny.curbed.com/archives/2014/03/18/the_44_new_developments_hitting_the_market_this_spring.php

23 New Developments Hitting the Market This Spring - click for he map

CURBED MAPS

23 New Developments Hitting the Market This Spring Tuesday, April 9, 2013, by Sara Polsky

 

The real estate market tends to heat up come spring right along with the weather. For anyone out hunting for a condo or rental, there are a few new development offerings to choose from. We've compiled a map of projects that are set to hit the market this spring, plus a few that appeared on market in the first quarter. Know of one we've missed? Please share in the comments or with the tipline, and we'll add it to the map. Happy hunting to all. UPDATE: We've added a few more developments to the map, but let us know if there are others we're still missing.

Read the Full Story Here: http://ny.curbed.com/archives/2013/04/09/23_new_developments_hitting_the_market_this_spring.php

What $4,400/Month Can Rent You Around New York City

Friday, January 4, 2013, by Jeremiah Budin

Welcome back to Curbed Comparisons, a column that explores what one can rent for a set dollar amount in various New York City neighborhoods. Is one man's studio another man's townhouse? Let's find out! Today's price: $4,400/month.

 

Read the full story here:  http://ny.curbed.com/archives/2013/01/04/what_4400month_can_rent_you_around_new_york_city.php

Williamsburg sales heat up

Three years ago, Williamsburg real estate looked like a terrible bet. Saturated with amenity-laden new developments at the exact moment when the economy plunged, the neighborhood looked like a textbook case of oversupply. Except that it hasn’t turned out that way. Today, the Williamsburg market, though still evolving, is looking surprisingly stable. According to the appraisal firm Miller Samuel, new condominiums accounted for 87.8 percent of transactions here in the second quarter of this year, their biggest market share in three years. Prices were up 6.2 percent from the same period in 2010. And the Corcoran Group’s second-quarter survey found average prices up for the neighborhood’s co-ops and multifamily townhouses as well.What’s changed? The emerging neighborhood has emerged. Older, better-paid New Yorkers—the 38-year-old Pitchfork writer turned ad-agency executive who married a banker, say—have supplanted the broke-new-graduate cohort. “As Manhattan gets more homogenized and mall-ified, Williamsburg is the antidote,” says developer Douglas C. Steiner (though, it must be said, the same labels are often slapped on the new Williamsburg). Some builders also took condos off the market entirely, turning the apartments into rentals. Price cuts helped, too, though it never became the fire sale a lot of Williamsburghers were hoping for. And with only a few new projects, like the just-opened 144 North 8th Street, joining the field, supply and demand look to be well balanced again. Here’s how four once-teetering developments are faring now.


The Edge
This waterfront development sold 100 of its 565 units from spring 2008 to fall 2008. Then Lehman Brothers toppled. In the two years after that, only about 50 sold, says developer Jeff Levine. “There was very little velocity,” he says. Since last year, however, there’s been one transaction after another here—252 apartments. Now, The Edge is 70 percent sold, and “on any given weekend, we have about 150 visitors in our salesroom,” he says.
Read More: http://nymag.com/realestate/features/williamsburg-2011-10/

A couple with clashing wish lists...

FOR most of his six years in New York, Paul Pinizzotto leased a three-bedroom duplex in a squat, no-frills building in Red Hook, Brooklyn. The rent ended up at $2,250 a month. Over the years, he rented out the extra bedrooms to a series of roommates.

The apartment was spacious and sunny, but “it was a place that I slept in,” Mr. Pinizzotto said. “I never felt connected with the apartment. It was all brand new, which I am not into, but which a lot of people like.”


His big complaint was the utter lack of charm.

Read the full story:
http://www.nytimes.com/2011/09/25/realestate/a-couple-with-clashing-wish-lists-the-hunt.html?_r=1