rentals: NYC'S MOST UP AND COMING NEIGHBORHOODS - 04/17/14 08:27 AM
No other city changes as quickly as New York City. It's easy to feel behind on the latest trends, restaurants and hotspots. As Manhattan luxury apartment specialists, we're happy to provide you a bit of foresight into NYC's most up and coming neighborhoods.
Lower East Side

What it Was: 
Just south of the East Village, the Lower East Side used to be an immigrant/working-class neighborhood in the 80’s and 90’s.
What's Changed: 
Beginning in the early 2000’s, the LES started developing with lots of trendy restaurants and bar life.
What's Coming (photo above):
The once vacant parking lot on Delancey Street will become The Essex Complex … (0 comments)

rentals: East 17th & Irving Exposed Brick Wall 2 Blocks Away from the Subway - 01/30/14 07:01 AM
East 17th Street & Irving Place 1 Bedroom Rental Exposed Brick Wall throughout - steps to Union SquareWell maintained walk up building, recently renovated throughout, separate kitchen including appliances and white cabinetry, modern bathroom, living room with a storage closet, 10' X 11' bedroom over looking East 17th Street, exposed brick wall throughout, new hardwood floors, live in super, excellent Gramercy Park location; near all transportation, restaurants, the East Village, Flatiron, SoHo, Murray Hill, NYU, and Union Square!   
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rentals: The Most Popular Manhattan Rental Listings Of The Last Week - 11/21/13 07:59 AM
  Yesterday we rounded up the top 10 most expensive rental listings in the city, but those places aren't exactly where most of the city's renters are looking. So today, we are looking at the top 10 most popular Manhattan rental listings of the past week, according to data from StreetEasy. The listings, which were sorted by the number of pageviews, highlight that everyone is always searching for the best deal—the most expensive unit on this list is a $3,000/month two-bedroom.
↑10) 32 East 7th Street, East Village
The listing for this two-bedroom makes no mention of a living room, and judging by the photos, there may not be one. … (0 comments)

rentals: Mapping the Median Rents in New York City - 11/06/13 08:13 AM

[Median rents for 1BRs and 2BRs]
The number crunchers over at rental listings website Zumper, in addition to finding New York City's cold pockets and figuring out how much money your commute saves you, have put together these more straightforward infographics identifying the median rent for the past month in each Manhattan neighborhood (as well as a few in Brooklyn and also Astoria). The breakdown: the median price this past month was $3,150 for a 1BR and $4,398 for a 2BR. The most expensive neighborhood was Tribeca (no surprise there) for both 1BRs ($4,180) and 2BRs ($6,275), while the second and third spots for 1BRs went to Greenwich Village and … (0 comments)

rentals: Private Elevator and Terrace 4 Bedroom Brand New Renovations Stainless Steel Appliances Gramercy/East Village - 04/26/13 03:09 PM
Brand new rental converted building, private elevator that opens up into apartment - large entry foyer, separate kitchen includling stainless steel appliances and granite counter tops, marble bathroom, large living room with two skylights, exposed brick wall throughout, walk in storage closet, each bedroom can fit a queen size bed, smaller fourth bedroom or home office area, private access to 200 square foot terrace! Excellent Gramercy location; near all transportation, restaurants, the East Village, Union Square, Murray Hill, Midtown East, the East River, downtown, SoHo, and Madison Square Park!
 

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rentals: Manhattan Rental Market Heating Up and on the Rise - 10/07/10 11:08 AM
Manhattan rental units in the third quarter moved faster and were less negotiable than last year at the same time, while studios and one-bedrooms outperformed larger apartments, according to quarterly market reports released today. The listing discount -- the difference between the asking rent and the rent the tenant pays -- shrank to 1.7 percent in the third quarter, the lowest level since 2006, according to a market report from Prudential Douglas Elliman. Meanwhile, the average number of days a listing sat on the market was 38, down from 77 in the third quarter of 2009, the report says. That means … (0 comments)

rentals: Gramercy Park Rent Stabilized - Exposed Brick Wall - Below Market - July 1st - 06/10/10 08:12 PM
Union Square One Bedroom Apartment - Rent Stabilized - Exposed Brick - July 1st
Contact JAD Reatly Group for showing times:
610.781.8417
 
Union Square One Bedroom Apartment - Rent Stabilized - Exposed Brick - July 1st
Contact JAD Reatly Group for showing times:
610.781.8417
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rentals: Need a Renter? Try Giving Away Free iPads and Bicycles - 05/10/10 10:57 AM
Prospective buyers playing hard-to-get? How about sweetening the deal with an iPad? Some developers and brokers are turning to quirky giveaways, hoping the extra incentives will help fill buildings during this tough economy. The freebies, often tacked on to traditional incentives such as fee eliminations or coverage of certain taxes, are the latest trend in attention-getting promotions. In one online ad, a broker with Platinum Properties offered to throw in two custom suits worth $2,000 each with the keys to a penthouse apartment. The broker could not be reached to say if the penthouse had been rented. Last month, Alchemy Properties … (3 comments)

rentals: New Yorkers Brace for Doorman Strike - 04/19/10 12:05 PM
It has been nearly two decades since New Yorkers faced their last doorman strike, but as the deadline for a new contract for building workers approached, the questions being posed throughout the city remained largely unchanged on Sunday.
Enlarge This Image As the possibility of a strike loomed, a doorman on Park Avenue helped with packages on Sunday.
Who will safeguard my apartment as I sleep? Greet my children when they come home from school? Accept deliveries? Clean the hallways? Sort the mail? Operate the elevator? And who, for goodness sake, will let the cleaning lady in?
Residents, co-op boards and … (2 comments)

rentals: Residential rents inch up from earlier in year, but drop from last year - 03/15/10 01:45 PM
 
 
Citi Habitats' February market rental report found that rents inched up slightly from the previous month but fell from the same period last year (see below for full report).According to the report, which includes only apartments leased by Citi Habitats, the average monthly rent for a studio increased 2 percent to $1,756 in February from $1,725 the previous month. Both figures are down from $1,764 in February of last year, according to Citi Habitats data.Average rents for one- and two-bedrooms each increased 1 percent in February of 2010 from the previous month, the report found, with one-bedroom rents rising … (0 comments)

rentals: Illegal Conversion Boots Tenants From 1182 Broadway - 03/11/10 10:06 AM
Our tipline has been abuzz this morning with rumors that all tenants were evacuated yesterday from rental building 1182 Broadway. We checked with the Department of Buildings—which has one "work without permit" violation posted for the property—to get the full story. And that is? A DOB spokesperson tells us the agency investigated after anonymous complaints and found that the property was illegally converted from a 16-floor manufacturing building into residential apartments. The building had no fire sprinklers, no secondary exit, and only one stairwell, which could trap tenants in the building in the event of a fire, so the DOB slapped … (3 comments)

rentals: Manhattan apartments see annual price decline for first time since 1996 - 02/04/10 12:51 PM
A Prudential Douglas Elliman report released today depicts the spectacular rise of home prices over the past decade, but also the sudden -- and definitive -- arrival of the real estate slump in Manhattan.
In 2009, Manhattan co-ops and condos saw year-over-year declines for the first time since 1996, the report shows. The average 2009 apartment sold for $1.39 million, down 12.5 percent from the previous year. The median price dropped 11 percent to $850,000 from 2008, while the average price per square foot sank 14.2 percent to $1,073. Other areas of the country have seen real estate activity and prices … (0 comments)

rentals: 2010: The Year of the Renter? - 01/26/10 09:41 AM

 
SCORES of stalled construction projects can be found scattered around New York City, but one category of building that doesn’t seem to have been sidetracked by the recession is the luxury apartment rental.
Some of the new buildings that will add at least 7,000 apartments to the city’s housing stock.
At least 16 new rental buildings are expected to open in Manhattan in coming months, ranging from small buildings to 500-unit high-rises, for a total of more than 3,500 apartments. Brooklyn will get an additional 3,500 new apartments as well, including units in some buildings that opened in late … (3 comments)

rentals: Brand New and Reduced Listings Available for Rent - 11/11/09 11:53 AM
Brand New and Recuded Listings Available for Immediate to Decmeber 1st Occupancy
Contact JAD Realty Group to schedule an appointment.
610-781-8417
www.jadrealtygroup.com

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rentals: Market Report: No May Flowers for Manhattan Rentals - 05/26/09 05:59 PM

Rental-heavy brokerage The Real Estate Group New York has released the May edition of its Manhattan Rental Market Report (available to download here), and while rents stayed largely flat over last month, the year-to-year declines can be seen in the tables above. TREGNY also cites increased demand over the past month as a sign that the typically hot Manhattan spring/summer rental season will have life this year. Graduates should check out non-doorman buildings on the Upper East Side, where rents are at a 13-month low.
While the report doesn't factor in landlord incentives that drive rents down even lower, the … (1 comments)

rentals: FORMER CORCORAN SUNSHINE SALES DIRECTOR SUES BROKERAGE - 05/26/09 04:46 PM
Former Corcoran sales director suing for commissions from Five Franklin, the Avery and Linden78 A former sales director for Corcoran Sunshine Marketing Group says she has been stiffed for more than a quarter million dollars in residential brokerage commissions for sales in high-profile developments including Five Franklin, the Avery and Linden78, a court filing says. Broker Nancy Reese accuses Corcoran Sunshine and other Corcoran entities of withholding at least $200,000 in commissions on closed sales and says the developer of Linden78 owes her $70,000 in commissions on canceled contracts, the court papers say.  The lawsuit was filed at a time when … (1 comments)

rentals: Market Reports: Pileup on Brooklyn-Queens Expressway - 04/17/09 09:28 AM
Brooklyn Waterfront Construction
Following in the footsteps of Manhattan, the Brooklyn and Queens real estate markets also posted price declines and huge drops in sales during the first quarter of 2009—but much like the boroughs themselves—they didn't completely follow in the big island's footsteps. Today the Prudential Douglas Elliman/Miller Samuel Brooklyn and Queens market reports were released (available for download here), and there are some juicy findings:
 
1) Brooklyn: The median sales price in Brooklyn was $474,600 during the first quarter, a 9.9% drop from the previous year's median mark of $527,000. Interestingly, the decline was consistent across all property … (1 comments)

rentals: Manhattan office market sluggish - 03/04/09 01:23 PM
 
 
The Manhattan office market overall and most submarkets continued to decline in February, but the pace of decline was slower than in January of this year, according to a February office market report released today by Newmark Knight Frank. The availability rate in February rose slightly to 12.4 percent from January's 12 percent in Manhattan. Year-over-year, the availability rate rose a sizable 4 percent from February 2008. The average asking rent dropped 1.5 percent, to $51.27 per square foot last month from $52.08 per square foot in January. Year-over-year in February, the average asking rent dropped 22 percent from … (0 comments)

rentals: Tenants in position to bargain - 02/06/09 04:54 PM
Speaking on NBC's Today show this week, the Corcoran Group's founder, Barbara Corcoran, said that most apartments that haven't been sold are turning into rentals, and that tenants are now in the perfect position to bargain. Possible concessions from landlords include several months' free rent, an apartment with a better view or slightly more square footage for the same price.
Watch the interview here:
www.youtube.com/watch
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rentals: Parent trap trips Corcoran - 02/03/09 01:01 PM
 
 
Is Pamela Liebman, CEO of the Corcoran Group, hobbled by her firm's parent company?
The New Year ushered in a wave of misfortune for city real estate brokerages, as a raft of companies announced that they would shed offices or close up shop altogether. Predictably, small brokerages were hit hardest: Brooklyn Properties closed an office, Domain Properties downsized to a smaller space, and both Upside Residential and Homestead New York announced they would shutter completely. Meanwhile, medium-sized firms like Warburg Realty and Bellmarc Realty also closed branches. And, as part of that rash of closures, rentals behemoth Citi Habitats … (3 comments)