CityRealty Insider > NYC Real Estate Roundup

NYC Real Estate Roundup

APRIL 11, 2012

Higher Floors, Higher Prices NYC condo sale at Central Park Place
Take a look at one appraiser's view of which floors command top dollar (and why) in a typical high-rise NYC condo building. Recent condo sales at Central Park Place at 301 West 57th Street (shown) were studied (NYMag).

More Reasons to Favor FiDi
The latest addition to the rising residential popularity of New York's Financial District (FiDi): The city landmark Temple Hotel, an attractive 9-story red-brick building at 5 Beekman Street, was purchased for $64 million and will become a 297-room boutique hotel with 90 residences (TheRealDeal).

First-time Buyers and Bidding Wars
2012 market reports indicate that Manhattan sales of studios and one-bedrooms are heating up, possibly as a way for first-time buyers to circumvent an increasingly pricey rental market. Bidding wars in which apartments sell for more than the list price are also on the upswing (CurbedNY).

Big Tickets, Foreign...Sellers
Though moneyed Russian buyers are still snapping up NYC apartments, one Russian former model and daughter of a Russian billionaire is selling her Time Warner Center condo for $50 million. The spare-no-expense pad, purchased in 2004 for (merely) $9.86 milllion, could be the second most expensive apartment per square foot in the city, after the $88 million sale at 15 Central Park West to another Russian magnate (WSJ).

ALSO IN NEW YORK CITY INSIDER

RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.

CityRealty is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at accessibility@cityrealty.com.

An equal housing opportunity

{"1":[40.775,-73.94,"East Side","_es"],"2":[40.79,-73.99,"West Side","_ws"],"11":[40.76,-73.98,"Midtown","_m"],"3":[40.736,-73.99,"Downtown","_d"],"13":[40.711309,-74.01,"Financial
District\/BPC","_fd"],"4":[40.682676,-73.973007,"Brooklyn","_b"],"12":[40.8444,-73.9376,"Upper Manhattan","_um"],"5":[40.7477089,-73.930411,"LIC \/ Queens","_qns"],"18":[40.8889782,-73.9025,"The Bronx","_bx"]}