Journal ace Josh Barbanel crunched the numbers on November condo and co-op sales, and what he found sounds rather bleak:
The pace of co-op and condominium transactions in Manhattan continued to lag in November, setting the stage for the lowest rate of quarterly sales since the depths of the economic slowdown last year.
Brooklyn home sales plummeted 38.2 percent annually in the third quarter to 2,298, according to a new report from brokerage Prudential Douglas Elliman and appraisal firm Miller Samuel. Condo sales dropped especially sharply year over year.
The Miller Samuel numbers cover closed deals in the three months ending Sept. 30, so the fallout Read More
If you tour the model residences of 995 Fifth Avenue, chances are you will buy a unit in the building, according to Extell’s Gary Barnett.
Maybe he’s right.
Over half of the 26 units in the Upper East Side development have sold, according to a press release. In just 30 days, over Read More
Lenox Hill Hospital is unloading some property.
The Upper East Side medical center recently sold six brownstones from 110-120 East 76th Street for $26 million, according to a spokesperson at the hospital. The buyer was the increasingly active Chetrit Group.
“These buildings were residential real estate owned by the hospital that had Read More