The second quarter 2007 Corcoran Report has arrived and is available for download in 2 flavors, triple mint Manhattan and fat free Brooklyn. Download and dig in for more. PS: I'm leaving for a long planned vacation today, so posts may be lighter than usual in the coming weeks.
July 19, 2007
Corcoran and the other large NYC real estate brokerages recently released their second quarter numbers in turn releasing a flurry of reporting on it by the real estate press. The standout metric for me concerned softness in the cooperative apartment market. Here's a quick summary of the trends and some thoughts about the softness in the co-op market.
July 15, 2007
An "energy smart building" is an accolade that can be used in promoting properties to prospective buyers, and something which some developers are seeing as a way of adding a layer of distinction to their projects. Is a real consumer preference toward energy efficiency beginning to take shape? I thought that I'd put a poll out to ask readers how they felt about this emerging aspect of real estate purchases.
July 5, 2007
Now available for download is a complete web brochure for this outstanding property. In a related story, this was a classic case of bad timing for my client, as we were preparing to go to market with 9 West 19h Street, the owners of the adjacent property put up a scaffold; unfortunately obscuring part of the facade of our building for sale. It posed new physical challenges as to how best market the property.