By Kim Velsey 7/03/12 11:36am

Market Madness

As expensive as ever (http2007, flickr)

Manhattan Real Estate Market: Still Crazy, Just Not As Crazy As We Thought

After watching the world’s wealthiest snap up one trophy property after the next—a $52.5 million co-op at 740 Park here, a $90 million penthouse at One57 there—it can be easy to lose sight of the fact that not all segments of the Manhattan real estate market has been drowning in a deluge of cash.

Thank goodness for the sobering arrival of second quarter market reports. A slew of reports released today show that while the uber-rich were out hunting for ever-more exquisite homes during these last few months, the merely well-off (buying in Manhattan is not, after all, for the masses) engaged in more sedate apartment shopping. Read More

By Foster Kamer 5/14/12 6:07pm

IMPECCABLE TIMING

11 Photos

Joseph Evangelisti Apt Sale 11

JP Morgan Uberflack (and Jamie Dimon’s Spokesperson) Joseph Evangelisti Just Became $6.7M Richer With Apartment Sale

It’s always a good time to make money and unload some property, right? Maybe not for J.P. Morgan uberflack Joseph Evangelisti (who also has the unenviable task of being Jamie Dimon’s spokesperson). Then again, the value of his stock did just take a pretty significant hit, so the money he made off of selling his beautiful West Village pad—not exactly a small sum to most Not-Moneyed Folks—could come in handy. Read More