NYC Apartment Prices Hit Record Highs, Slowdown on the Horizon

By Steve Goldberg on April 25th, 2010

While most of the nation deals with a housing slowdown and slump, Manhattan is seeing its highest prices ever.
The average price of a Manhattan apartment in the first three months of 2008 was $1.7 million. This number is up 33.5% from the same period in 2007, according to brokerage firm Prudential Douglas Elliman.
These record prices, […]

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Finding an apartment in any large city can be difficult task, but in New York City, that difficulty often turns to impossibility! That’s where we hope to help - we provide information on searching for apartments, roommate issues, dealing with landlords, and generally navigating your way around the NYC rental market.

Sellers Find ‘No Pets’ Rules Hurt Their Chances

When Robby Browne, a real estate broker for the Corcoran Group, placed a $5 million, three-bedroom condo with a balcony and terrace up for sale last year, he was forced to turn away nearly two-thirds of the potential buyers because the building would not budge on its “no pets” rule.
Similarly, Michele Kleier, a broker at […]

Finding An Apartment - Where to Start

The first step to finding an apartment in New York City is to decide where in the city you’d like to live.
New York City is made up of five separate borough: Manhattan, the Bronx, Brooklyn, Staten Island, and Queens. Many people prefer to live in Manhattan because it’s where many jobs are located, and because […]

Need a Roommate?

Before you start your apartment search, you’ll need to decide how much you are able to pay in monthly rent. And to make that decision, you may want to consider whether you’ll need a roommate to help you balance out the equation. Housing in the city is very, very expensive, and having a roommate can […]

Landlord Advice

The relationship that you have with your landlord is possibly one of the most important relationships you’ll have in your life. Obviously it’s a different kind of relationship than you have with friends, parents, significant others, etc. - but like those relationships, a landlord/tenant relationship takes a lot of hard work, honesty, and trust […]

Apartment Listings

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Sellers Find ‘No Pets’ Rules Hurt Their Chances

When Robby Browne, a real estate broker for the Corcoran Group, placed a $5 million, three-bedroom condo with a balcony and terrace up for sale last year, he was forced to turn away nearly two-thirds of the potential buyers because the building would not budge on its “no pets” rule.
Similarly, Michele Kleier, a broker at […]

Crane Collapses, Falls 20 Stories, 1 Killed

At least one person was killed Friday and at least two others are severely injured due to a construction crane collapse in Upper Manhattan during the morning rush hour.
Witnesses at the scene say that both the cab and the arm of the crane fell over 20 stories to the ground, destroying the penthouse on a […]

City Immune to Housing Crisis

Manhattan doesn’t seem to be affected by the downturn in the housing market that is hitting the rest of the country.

2007 was a record year for apartment sales in New York City, sales jumped over 3 percent compared to 2006, selling about 18 days faster.

The number of apartments that sold for more than $10 million in […]