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October 2007

October 31, 2007

Spirits of New York

Down the Hudson, south of Sleepy Hollow, New York City has its own haunts and legends of restless spirits.

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October 30, 2007

Haunted open house

Sunday's open houses were haunted by rumors of the death of the Manhattan market. Agents reported that Death decided to fly up from Miami this weekend, and showed up at several open houses; however Manhattan continues to show that it is hardly on its last breath. Happy Halloween!

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October 22, 2007

Mint mini loft with a terrific terrace

I'm representing one of the first re-sales at the newly converted, full service, South Star condominium, at 80 John Street. It's an open plan loft that has a nice sized roof terrace where the building sets back on the 12th floor. It features high ceilings, and a brand new kitchen with Bosch & Sub Zero appliances. It's positioned centrally for transportation and appreciation, as the financial district transforms into the most exciting new neighborhood in the city.

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October 19, 2007

A new record, median sale price hits $1,414,00

Now available for download is the 3rd quarter 2007 Corcoran Report (pdf 1mb) on the Manhattan residential marketplace, which shows solid performance as the average sale price in the borough increased by 14%, with a record setting median price increase of 5% to $1,414,00

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October 18, 2007

Chelsea new development tour is an industry hit

In West Chelsea on Wednesday, the new residential developments, close to the High line, opened their doors to the brokerage community for an extra long, 4 hour, open house tour. Hundreds of brokers were seen brushing shoulders with gallery hoppers, and making the rounds at all of the sales presentation centers. It was like an open air mall for some of the priciest homes on the planet.

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October 15, 2007

newsreal gets a gut rennovation

I'm happy to announce that newsreal has now grown up and leads the redesigned third column of comitini.com. The bookmarks are still hand selected, in a point and shoot style blog on real estate and New York City news.

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October 5, 2007

Podcast: a lesson in investing from Sam Zell

Sam Zell is ranked by Forbes this year as the 52nd wealthiest American. He's best known for the $39 billion sale of his flagship commercial real estate company, Office Equity Holdings, to the Blackstone Group last February, which was a record breaking private equity transaction. He continues to be invested in the residential housing market, media and technology companies. We can all learn a few things from his success as he comments about his career and his investment strategies in our latest post from Knowledge@Wharton.

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October 3, 2007

Tribeca homes jump 36% in third quarter 2007

I'll be posting the entire Q3 Corcoran Report on the market as soon as the pretty versions are made ready for download. But I'd like to take a moment to look at the downtown numbers and particularly those of my own neighborhood of Tribeca. I've lived here for eleven years and seen it transform from an enclave of warehouses and artist lofts, into the city's newest prime neighborhood.

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October 1, 2007

Buying a luxury condo: the Vertical Living interview

Vertical Living's Contributing editor Kim Fredrick interviewed me about buying into a new development. That interview follows here in its entirety and has some good advice in it; as does the very nicely crafted piece she wrote for the first issue called 'Small Promises' in which I'm quoted. I'm pleased indeed to have been asked to comment on a subject that I've written about before. In fact, I learned a couple of weeks ago that my post about closing costs in new developments, is being excerpted and included in the next edition of New York Real Estate for Salespersons, one of the textbooks for the NY State Real Estate licensing exam; it was also a Carnival of Real Estate. These are a few nice and unexpected validations, of the connection with the audience and the growth of my blog, which has been public for just under a year now.

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