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Volume 18: Issue 3 | March 2018
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This month in Manhattan Insight we take a closer look at Congestion Pricing. Is it a viable solution to Manhattan's gridlock and mayhem? The decision could be made as soon as April 1. If it is finally implemented, it is likely to have a huge impact on the future of traffic patterns in New York City.
We will also reveal the mystery buyer of the most expensive home ever sold in Manhattan, give you some tips and tricks to incorporate spring flowers into your home's décor, and give you our top recommendation for a relaxing spring break on the beach. As always we have some tasty morsels in store: get the inside scoop on a potential pizza spot, and follow a familiar childhood favorite around some of the hottest food spots in NYC.
Finally, we will review how the Manhattan and Brooklyn real estate markets did last month, and we have two brand new featured properties - A new development in Greenwich Village where Bowlmor is no more and a Terrace Lovers' Dream in Prime Williamsburg, Brooklyn.
We are always here to help you with all of your residential real estate needs and answer any questions you may have about buying or selling co-ops, condos or townhouses in Manhattan or Brooklyn.
Enjoy the
spring!
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Manhattan Analysis
Monthly Snapshot - February
Contracts signed are down year-over-year for the third consecutive month. Avg. PPSF foot was up for both condos and co-ops. Listed inventory continued to rise, with co-ops seeing more than double the increase of condos. Days on market declined for condos, but it rose for co-ops.
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Brooklyn Analysis
Monthly Snapshot - February
During February, the Brooklyn market experienced an increase in contracts signed, up 9% versus last year, driven by strong new development sales in South Brooklyn. Average price per square foot remained unchanged versus February 2017 at $882 but was up 9% from January.
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Gridlock and Mayhem
Is Congestion Pricing the Answer?
As decades of mismanagement continue to wreak havoc on the city's transportation infrastructure, congestion pricing has once again been touted as a viable solution, both for the crumbling subway system and for the gridlock that clogs the city on a daily basis
. Will it really help?
Read More
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Spring Flowers
Flower Arrangements for Beginners
Bringing spring inside your house is as easy as setting out fresh flowers. Though the task of arranging flowers may seem daunting, we have an easy to follow video for even the most novice florist. If you're more advanced, take inspiration from these wildflower arrangements:
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Michael Dell Buys
One57 Penthouse for $100M
In 2014, New York's most expensive home ever was sold. No one knew who the mystery buyer was at that time - it was a secret. After years of speculation, it appears the name has been unearthed. Earlier this month, The Wall Street Journal reported that multi-billionaire Dell is the mystery buyer.
Read More
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Perfect Getaway!
Relax in Tulum for Spring Break
Looking for a laid back spring break getaway that isn't over-run with college kids? We've got just the place: Tulum, Mexico. This beach paradise has all the makings of a great spring break: fine dining, upscale lodging, and beautiful vistas. We've outlined our must-see spots for you to visit.
For More Details
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21 E 12th St Condo In Its Place
Replacing a space filled with nostalgia is not an easy feat for a developer in New York. So it's no surprise that there was a bit of an uproar when William S. Macklowe presented plans to replace Bowlmor Lanes, which was one of the city's oldest bowling alleys, with a new condominium building.
Learn More
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125 North 10th Street, Apt S5D
This bright, high floor, triple mint, south facing apartment feels like a mini oasis with 778 square feet of interior space and a massive wrap-around terrace adding an additional 450 square feet of outdoor space. There are three sliding glass door entrances to the semi-covered terrace
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View Listing
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Jeff Nolan
Licensed Associate RE Broker
Multi-Million Dollar Club Since 2011
Top 1% of 47,000 NRT Associates
Corcoran Group Real Estate
Union Square Office
30 Irving Place, 5th Floor, NY 10003
Cell Phone - 212.260.0562
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Active
125 North 10th Street, SGE
125 North 10th Street, S5D
125 North 10th Street, NGD
In-Contract
555 Main Street, 512 (Roosevelt Isle)
215 East 81st Street, 2A
140 Rutland Road (Townhouse)
125 N 10th Street, N5F
48-15 11th Street, 6E
245 E 54th Street, 21B
125 N 10th Street, SPHF
689 Ft Washington Ave, 4K
125 N 10th Street, N2B
930 St. Nicholas Ave, 57
58 Metropolitan Ave, 6F
255 Eastern Parkway, B6
1607 Bergen Street, 1
333 E 30th Street, 2P
632 Central Ave (Townhouse)
984 Bergen Street (Townhouse)
133 Essex Street, 503
1613 Bergen Street, 2
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Contact us for Private Mortgage Banker recommendations in NYC.
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Conforming 30 yr fixed: 4.625%
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Conforming 20-Year Fixed: 4.375%
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Conforming 15-Year Fixed: 4.125%
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Non-Conforming fixed: 4.5000%
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Non-Conforming 10/1 ARM: 4.250%
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Non-Conforming 7/1 ARM: 4.000%
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Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker located at 660 Madison Avenue, NY, NY 10065. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire an architect.
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