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March 2007

March 28, 2007

My new report card

by Peter Comitini
I was talking with an agent from another company recently. I mentioned to him that it was going to be one of the busiest weeks of my year, with five transactions closing in five days. He asked the obvious business question, "How much will you be making?" to which I honestly answered, "I have no idea". It's truly a blind spot in my vision. I'm a classically left brained person, far more interested in processes than numbers.

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March 27, 2007

We have seen a new condominium development with a tax abatement. What does that mean?

by Peter Comitini
We've seen a new condominium development which has a real estate tax abatement. What does that mean?

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March 19, 2007

New Blue for you?

by Peter Comitini
I'm pleased to announce that I'm exclusively representing this brand new one-bedroom condominium for rent. This is at Blue, one of the most talked about new developments in the hipster thick of it, on Manhattan's Lower East Side.

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March 17, 2007

The Manhattan download

by Peter Comitini
This is the fifth and final report available for download based on 2006. While the first four dealt with specific areas like downtown or the Upper West side, this is a big picture view of the overall marketplace in Manhattan.

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March 16, 2007

Report on NYC economic conditions

by Peter Comitini
Straight from the Mayors' office, this is February's report about how New York's economy is performing. The housing section clearly shows a slowing off the record pace of growth over the past few years in both existing home sales and new construction permits, but also makes it clear that NYC is holding up very well in comparison to the rest of country.

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March 12, 2007

The Brooklyn download

by Peter Comitini
This download-able report details price movement in 2006, in Brooklyn's downtown brownstone and loft neighborhoods. Average sale prices market-wide were up a very modest +2%, but the story varied greatly depending upon neighborhood and property type.

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March 9, 2007

Greetings from New Amsterdam: Russell Shorto speaks from The Island at the Center of the World

by Peter Comitini
The Downtown Alliance's next Third Thursday Lecture features Russell Shorto, author of The Island at the Center of the World and a contributing writer for the New York Times.

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March 9, 2007

the uptown download: west

by Peter Comitini
{download-able market report} It is no surprise that the Upper West Side, with an abundance of Candella and other classic buildings of the pre-war era, saw appreciation in these highly sought after co-ops of +14% on average in 2006. A little further south in Midtown West, the new millennium is making its mark on the NYC landscape with some of the densest activity of new residential construction in Manhattan.

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March 7, 2007

the uptown download: east

by Peter Comitini
{download-able market report} The Upper East Side very much held its own in 2006, with average co-op prices increasing 14%, and price per square foot increasing by 12%. Larger condominium properties were sold resulting in a median price jump of 25%. From 57th Street to 34th Street, Midtown East co-ops and condos also showed solid gains, appreciating 5% and 8% respectively and both rising 14% in price per square foot as well. One bedroom apartments were hot with a whopping 29% average price increase!

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March 6, 2007

the downtown download

by Peter Comitini
{download-able market report} The downtown download is excerpted from the 2006 year end corcoran report shows a landscape of modestly increased value in homes of +5% on average. Individual results are somewhat mixed, depending on the size and type of property.

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March 1, 2007

Follow the bouncing globe

by Peter Comitini
What I'm being asked by my clients is, "how will this will affect the real estate market"? Well I haven't got the answer, and from what I've read neither do the "experts".

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