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Milkowski Group Blog NYC Real Estate Professionals Milkowski Group Blog NYC Real Estate Professionals The Milkowski Group is the leading residential real estate Group in New York City. We are dedicated to helping you find you dream home. Search for the perfect home on our brand new website, mgroupnyc.com. Articles
2008 1st Quarter Manhattan Market Overview
2008-04-02 18:51:00 It is my pleasure to provide you with Manhattan 's first quarter housing results prepared for us by the leading real estate appraisal and consulting company in the area by using only closed sales data derived from a variety of sources. Manhattan's residential real estate market continues to show increased prices stemming from a strong luxury segment especially influenced by the closings at two key buildings, 15 Central Park West and The Plaza. The key indicator of market activity this quarter is the reduction in the number of sales overall, a drop of 34.3% from the same time last year. Some highlights of the first quarter include the following: The median sales price, average sales price and average price per square foot all set records at $945,276, $1,722,991 and $1,289 respectively. That the median sales price percentage change is consistent demonstrates the significant number of high priced sales in the quarter. The number of sales has slipped to 2,282 during the fo... More About: Market , Quarter , Overview , 2008
2007 4th Quarter Manhattan Market Overview
2008-01-03 18:54:00 In the final quarter of 2007, the Manhattan real estate market continued to see gains in most market indicators, consistent with the prior three quarters including increased price levels, increased number of sales and a decline in inventory as compared to the same period in 2006.Price levels were generally up this quarter, with the greatest price gains seen in larger apartments, specifically 2-bedroom and 3-bedroom units with 22.1% and 39.8% gains respectively over the same period last year, with a portion of the increase in price attributable to an increase in the size of the units actually sold. The median sales price increased 6.4% to $850,000 over the prior year quarter result of $799,000 (1.7% below prior quarter result of $864,397). The average price per square foot increased 18.2% to a record $1,180 over the prior year quarter result of $998 (3.1% above the prior quarter result of $1,144). The average sales price increased 17.6% to a record $1,439,909 over the prior year qu... More About: Market , Quarter , Overview , Atta
New Exclusive Listing - 350 W 50th St - 4B, New York, NY 10019
2007-11-08 18:04:00 Residence 4B is a very spacious corner one bedroom. This apartment has Southern Exposure and it's flooded with sun throughout the day. There is a pass through kitchen. Marble bath, and ample closet space. The Residences at Worldwide Plaza is a full service condominium located within walking distance of Central Park, Hudson River Park, Rockefeller Center, St. Patricks Cathedral, numerous restaurants, museums and points of interest. Steps from the C, E, 1, N, R, and W subway lines and cross-town buses. Building Features: Courtyard, Roof deck, Pool, Health club. OPEN HOUSE: Sun, Nov 11 -- 2:00 PM-3:30 PM New! View this Property in 3D with Virtual Tour! Read More on This Property... WORLD WIDE PLAZA 350 WEST 50th STREET The residential portion, containing 455 condominium apartments, of this major development is one of the most distinguished in midtown. A 35-story tower in midblock at 393 East 49th Street faces on a very attractive plaza that separates it from th... More About: Exclusive , New York , York , Listing , New-York
New Exclusive Listing - 213 West 85th Street Upper West Side Brownstone
2007-10-26 06:00:00 Unique opportunity!. Upper West Side Brownstone. SHOWING NOW BY APPOINTMENT ONLY.GET EARLY ON CONSTRUCTION PRICES! First Offering. New Condo Conversion. This Unique 3 bedroom / 2 bath floor through home consists of 10 Foot Ceilings, Crown moldings, gas fireplace, large open chef's kitchen with granite counters,and Viking Appliances. Washer/Dryer, Jacuzzi tub ,Steam Shower, exposed brick and a key lock elevator which opens into each unit. The complete offering terms are in an offering plan available from the sponsor -CD 060668 BY APPOINTMENT ONLY GET EARLY ON CONSTRUCTION PRICES. ACCEPTING BUYERS,BROKERS/INVESTORS INQURIES. Call (212) 692-6197 Read More on This Property... About Upper West Side A jumble of parks, theaters, historic buildings, museums and prestigious universities create what many would consider the quintessential Manhattan neighborhood. Upper West Side is just that to its eclectic mix of families, business executives and artists who call it home. With suc... More About: Exclusive , Street , Listing
2007 3rd Quarter Manhattan Market Overview
2007-10-03 22:29:00 The Manhattan residential real estate market saw more of the same characteristics as the prior 2 quarters of 2007 did. An elevated number of sales, declining inventory, modest price increases overall but sharp increases seen at the upper end of the market. It is likely too soon that the events of the credit crunch that began in mid-July will have an effect on market conditions in the 3rd quarter. Its impact, if any, would more likely be seen in the coming two quarters.The number of sales increased 65.6% this quarter to 3,499 units as compared to the 2,113 units sold in the prior year quarter.Listing inventory fell 31.7% to 5,204 units from the prior year quarter total of 7,623 units.Days on market was 123 days this quarter, faster than the 150 days seen in the same period last year.Listing discount was 2%, down from 4% during the same period last year.Price levels were generally up this quarter, with the greatest price gains seen in larger apartments, namely 3-bedroom and 4-bedro... More About: Market , Quarter , Overview , Atta
New Exclusive Rental Apartment - West Village - 100 Bank St - 1F West Villa
2007-09-11 20:33:00 Rare Find!! Mint Renovated studio rental on Bank street. Prime West Village , tree lined cobblestone street. One Block from the Park. OPEN HOUSE: 9/16/2007 (Sunday) Time: 12:00 PM - 1:30 PM Read More on This Property... About West Village The West Village is part of the Greenwich Village neighborhood in the New York City borough of Manhattan, bounded by the Hudson River and roughly Sixth Avenue, extending from 14th Street down to Houston Street. Bordering neighborhoods include Chelsea to the north and TriBeCa to the south. The neighborhood is distinguished by streets that are "off the grid" ? set at an angle to the other streets in Manhattan ? sometimes confusing both tourists and city residents alike. These roads were paved in the colonial period, long before the Commissioners' Plan of 1811 which created the main street grid for the rest of the city. Even streets that are nominally part of the grid can be idiosyncratic, at best. West 4th Street crosses West 10th, 11th ... More About: Exclusive , Rental
New Exclusive Rental Apartment - Upper East Side - 404 East 76th Street Apt
2007-09-11 20:22:00 Sunny and immaculate one bedroom one bathroom apartment with southern exposure, boasting 9ft ceilings and crown molding, and sitting on the highest floor of the low rise (so there is no one above you). The living room and bedroom were masterfully re fitted with tasteful and fully functional cabinetry and closets less than two years ago. The closets are aromatic cedar and there is a custom shoe rack. The kitchen is enveloped in granite counter tops and has full-size appliances. The bathroom features a black marble vanity top with ceramic and porcelain trim, and is tiled throughout. There is a Bosch washer dryer in the apartment for your ultimate convenience. There is a substantial hidden storage space in the bedroom that is easily accessible. OPEN HOUSE: 9/15/2007 (Saturday) Time: 1:30 PM - 2:30 PM Read More on This Property... The Impala is a premiere full service condo building designed by award winning architect Michael Graves. The ultra luxury building has a full time co... More About: Exclusive , Rental , East , Street , Upper East Side
New Exclusive Listing - Gramercy Area - 200 East 24th Street APT# 508
2007-08-28 18:17:00 Great Location!! Gramercy Area . Don't miss this Oversized and bright Junior one bedroom, Updated kitchen with stainless steel appliances. Ample closet space. Hardwood floors. Full Service 24 Hr Doorman Building. Central Laundry room, Roof deck, Bicycle & Common Storage, Garage. Pet Friendly. Close to Union Square, Gramercy Park, Madison Park and Subways. OPEN HOUSE: Sun, Sep 2 -- 1:00 PM-3:00 PM Read More on This Property... Great Location!! Gramercy Area. Don't miss this Oversized and bright Junior one bedroom, Updated kitchen with stainless steel appliances. Ample closet space. Hardwood floors. Full Service 24 Hr Doorman Building. Central Laundry room, Roof deck, Bicycle & Common Storage, Garage. Pet Friendly. Close to Union Square, Gramercy Park, Madison Park and Subways. OPEN HOUSE: Sun, Sep 2 -- 1:00 PM-3:00 PM Read More on This Property... About Gramercy Park Nothing says happy medium like the areas of Gramercy Park and the Flat Iron District. And ... More About: Exclusive , East , Street , Listing
State of the Real Estate Financing Industry (August 2007)
2007-08-21 20:06:00 By now we are sure you are well aware of the recent changes in the real estate financing industry, as well as the allegedly bleak outlook that has been portrayed in the media. We'd like to take this opportunity to shed some light on the current market and to address any concerns. The future is simply not nearly as grim as depicted in the press. How did we get here? Most mortgages are bundled together by lenders into securities and subsequently sold to investors. Over the past couple of years, housing grew at an unprecedented level. So too did the demand for seemingly low-risk, high-yield mortgage-backed securities. As the markets heated up and investors became comfortable with the volume of these securities, investors continued to buy?even while credit standards became more relaxed. Additionally, lenders put systems such as automated underwriting into place to expedite the approval and funding of mortgage loans. Even though these mortgages were originated and approved ... More About: Estate , Real Estate , Industry , Financing , State
New Exclusive Listing - 350 W 50th St - 19H, New York, NY 10019
2007-07-29 20:11:00 Perfect 1031 exchange . Tenant in place until December 2007. Residence 19-H is a corner one bedroom with spectacular views, Northeast exposure, flooded with morning sun. It has a galley kitchen. Marble bath, and lots of closet space. The Residences at Worldwide Plaza is a full service condominium located within walking distance of Central Park, Hudson River Park, Rockefeller Center, St. Patricks Cathedral, numerous restaurants, museums and points of interest. Steps from the C, E, 1, N, R, and W subway lines and cross-town buses. Large Ballys gym and Garage on the premises with resident discounts. Apartment Features: East exposure, North exposure, Full city view, Floors - parquet, Light - excellent, Marble bath, Great closet space, Dishwasher Building Features: Courtyard, Roof deck, Pool, Health club. Read More on This Property... More About: Exclusive , New York , York , Listing , New-York
Prudential Douglas Elliman Long Island/Queens Market Overview 2Q 2007 (Exce
2007-07-26 16:57:00 Prudential Douglas Elliman Long Island /Queens Market Overview 2Q 2007 (Excerpted Data) Release for Publication: July 24, 2007. This report covers the Long Island /Queens markets (The Hamptons and The North Fork in separate report) based on sales data through June 30, 2007 read more »
Front Page Promo
2007-07-25 18:31:00 read more » More About: Page , Front , Promo , Front Page , Romo
2007 2nd Quarter Manhattan Market Overview
2007-07-12 20:32:00 The housing market in Manhattan has continued to outpace the rest of the country. The number of sales increased and prices rose while the inventory is being depleted in the second quarter of 2007. The average sales price of a Manhattan apartment is now $1,333,316, a 3.3% increase over last quarter, however, 3.8% below the prior year quarter. The median sales price increased to a record $895,000 7.2% above the prior quarter and 1.7% above the prior year quarter. The average price per square foot also set a record at $1,139, 6.4% higher than last quarter and 5.2% higher than the prior year quarter. ?All the economic factors are right for the Manhattan real estate market? said Dottie Herman, CEO and President of Prudential Douglas Elliman. ??Interest rates are good, job creation is strong, and we??ve had great leadership. This is one of the most vibrant cities in the world. Residential real estate here continues to be a strong investment for national and international buyers.?... More About: Market , Quarter , Overview , Atta
(Video Tours) 167 Perry St Unit 1R New York, NY 10014
2007-07-05 17:45:00 Video Tour More About: Video , Tours , New York , York , Perry
Prudential Douglas Elliman Manhattan Market Overview 2Q 2007 (Excerpted Dat
2007-07-03 21:33:00 Prudential Douglas Elliman Manhattan Market Overview 2Q 2007 (Excerpted Data) Release for Publication: July 3, 2007. This report covers the entire island of Manhattan based on sales data through June 30, 2007 read more » More About: Atta
Guide Buying and Renting in New York City
2007-06-30 17:25:00 Buying and Renting in New York City The “Big Apple” is one of the nation’s most exciting and best loved cities. At Prudential Douglas Elliman, we recognize that searching for an apartment in New York City may seem a bit overwhelming at first. Knowledge of what to expect, understanding the process and terminology, and learning about the present New York real estate market will be extremely important in helping you to find the perfect home. read more » More About: Buying , Guide
Planning for Foreign Investment in U.S Real Estate
2007-06-27 20:47:00 Planning for Foreign Investment in U.S. Real Estate Advising the nonresident alien client on buying and selling real estate requires more than knowing the tax rules.1 The advisor must understand not only what is in the client’s mind, but the misinformation and false assumptions that the client brings from his home country. read more » More About: Real Estate , Foreign Investment , Planning |
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