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Doormen Get Ready to Rumble
Doormen Get Ready to RumbleBy Daniel Massey Crain's New YorkMarch 7, 2010 Against the backdrop of a sputtering economy, and with a new chief nego (more ...)
Just Sold!
Stealing Deals Before It's Too Late
Really Different Digs
212 Bennett Condominiums Hit the Market, Buyers Respond
On the Market:212 Bennett Condominiums Hit the Market, Buyers Respond By Daniel P. Bader
Slew of New Rentals Coming to Market
Slew of New Rentals Coming to MarketBy Candace Taylor The Real Deal
Balancing Budgets With Extras
Balancing Budgets With ExtrasCo-op and condo boards rent roof decks, build storage spaces to keep monthly charges in line By Vanessa Weiman The Real DealMarch 01, 2010 (more ...)
The End of Free Lunches?
The Real Deal - March Market Story The End of Free Lunches? By Candice TaylorThe Real DealMarch 1, 2010
The Gallery - "Citi Habitats 2009 Awards Ceremony"
Affordable Living for Post-Post Grads
Affordable Living for Post-Post Grads By Shira Levine
Manhattan Real Estate Agent Reveals the City's Market Secrets
Manhattan Real Estate Agent Reveals the City's Market SecretsInterview by Armen HareyanHuliq. (more ...)
Ratner Kicks Off Citi Awards Ceremony
Ratner Kicks Off Citi Awards CeremonyThe Real DealFebruary 18, 2010 Citi Habitats held its 2009 company awards ceremony this week, honoring its top-producing employees, with a keynote address provided by Atlantic Yards developer Bruce Ratner (see additional photos from the ceremony below).
Sweet N.Y. Rental: West Village Charmer for $3,695
Sweet N.Y. Rental: West Village Charmer for $3,695 By Coryn BrownFebruary 18, 2010 Paying rent in the West Village can be a cash-hemorrhaging experience, and this
Olympic Champions
Strong Start For The 2010 Rental Market
Columbus Square Arrives
It's away from the heart of the Upper West Side. Its rents are up to 30 percent higher than the competition's. And its shops more closely resemble strip-mall offerings than what's typically found on city blocks. But Columbus Square, a mega mixed-use complex that spans six blocks from West 97th to 100th streets between Amsterdam and Columbus avenues, is posting enviable rental and retail numbers in a down market, according to brokers familiar with the project and the neighborhood. (more ...)
2010: The Year of the Renter?
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. 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...
Awesome Digs For Bankers To Spend Their Bonus Bucks On
Bankers are flush again.Wall Street is set to pay an estimated $64.2 billion in bonuses this year, up from $57 billion in 2009, according to a recent analysis by New York State.So what to do with all the moolah? The classic answer is: New York City luxury real estate.It's still a buyers' market, and there are plenty of stunning new developments in or near Manhattan that promise not only exceptional living but a potentially lucrative investment. Heck, you might even be neighbors with Goldman S...
Upper East Side Apartments Get Cheaper
Residential Sales Around the Region
Residential Sales Around the Region
Manhattan Apartment Rents Drop 9.4% as City Job Losses Mount
Jan. 14 (Bloomberg) -- Manhattan apartment rents dropped 9.4 percent in the fourth quarter of 2009 from a year earlier as Wall Street jobs vanished in the recession.The median rent fell for all apartment sizes except two- bedrooms, which were little changed, according to a report today by broker Prudential Douglas Elliman Real Estate and appraiser Miller Samuel Inc. A separate tally by broker Citi-Habitats Inc. showed the average apartment price declined 7.3 percent for the year. The company ...
News eblast-Average Manhattan rents dropped 4% last year
News eblast-Average Manhattan rents dropped 4% last year
Audio Clip: Joe Connolly- Wall Street Journal
Audio Clip: Joe Connolly- Wall Street Journal cites CitiHabitats 4Q Rental Report
Average Manhattan rents dropped 4% last year
Manhattan apartment rents ended the year down 4% from where they started 2009, but that decline helped to strongly boost the number of new leases signed, according to two market reports released Thursday.In the final quarter of 2009, the average rent fell to $3,789 down 4% from the same quarter of 2008, according to Prudential Douglas Elliman and appraisal firm Miller Samuel Inc. That figure does not take into account rent concessions.A second report painted a bigger dip in rents. According t...
Manhattan rental deals up in 4Q: reports
Manhattan rental transactions surged in the fourth quarter of 2009, according to market reports released by two large city brokerages today (see full reports below).A marketwide report released by Prudential Douglas Elliman estimated that the number of rental deals in Manhattan leaped 47.6 percent to 2,456 in the fourth quarter, from 1,665 in the same period of 2008. Citi Habitats, the city's largest rental brokerage, said it did more than 2,600 transactions in the fourth quarter, an increase...
Corcoran joins Web sales push
The Corcoran Group, one of the city's largest residential brokerages, has decided to add its exclusive listings to ResidentialNYC.com, a free real estate Web site operated by industry trade organization The Real Estate Board of New York. In addition, the city's largest rental brokerage, CitiHabitats, also a Corcoran subsidiary, has agreed to add its listings to the site.The decision, announced Wednesday, comes two and a half years after ResidentialNYC.com launched. Adding Corcoran's listings...
Manhattan apartment rents and vacancies off in '09
NEW YORK, Jan 13 (Reuters) - Vacancy rates for apartments in New York City's borough of Manhattan, the largest U.S. apartment market, declined in 2009, as lower rents and better landlord incentives attracted tenants, according to a quarterly brokerage report.Average Manhattan rents fell about 7 percent last year from 2008. And when incentives like a free month's rent are factored in, effective prices were down as much as 14 percent, said the report by CitiHabitats, a residential New York City...
Corcoran joins REBNY listings site
Listing Web site Residential NYC has doubled its listings with the Corcoran Group joining its ranks. The site, operated by the Real Estate Board of New York, will now maintain an average of 10,000 property listings at any given time, said Steven Spinola, president of REBNY. Corcoran rental subsidiary Citi Habitats, he added, will also add its listings to the site. Residential NYC allows brokers to display their New York rental and sales listings. All participating firms are REBNY members. Spi...
NYC's Narrowest House Now a $10,000/Month Rental
NYC's Narrowest House Now a $10,000/Month Rental
The Closer
Binn Shot
Binn Shot
Ranking the top rentals
Ranking the top rentalsA look at the most expensive apartment leases on the market in Manhattan January 01, 2010 By Candace Taylor It's no secret that many top-notch New York City sales brokers took on pricey rentals last year because high-end apartments were slow to sell. (more ...)
Lowering the rent, for real
Lowering the rent, for realSome lenders allow buildings to drop their base charge instead of just throwing in a few months free on new leases January 01, 2010 By Gabby Warshawer They're giving it away. Hundreds of buildings these days tout one, two and sometimes three months of free rent on new leases. But most of the time, the "base rent" stays the same, even as rental agents talk about "net effective" rents -- the apartment's cost once the free rent is amortized over the life of the lease. ...
In the Loftiest of Buildings, High Art Still Finds a Home
SQUARE FEETIn the Loftiest of Buildings, High Art Still Finds a Home A 29-foot-long playground sculpture by Tom Otterness in a new park adjacent to two apartment developments on West 42nd Street.December 29, 2009By JANE L. LEVEREThe practice of adorning New York real estate with major sculptures and other artwork stretches back at least as far as the 1930s. And even during today's tough economic times, the tradition is holding up. A number of major works of art have been installed in Midtown ...
Riverside Drive Condos Receive Approval of Fannie Mae
Riverside Drive Condos Receive Approval of Fannie Mae By Daniel P. (more ...)
Partying through the downturn
Partying through the downturnIn bad market, brokerages find party-planning a fraught issue, but they still celebrate
Manhattan Apartment Rents Fell 7% on Unemployment
Happy--with a Chance of Satisfaction?
Made For Manhattan Happy--with a Chance of Satisfaction? I was browsing through some more apartments on citi-habitats.com this morning when I came across something nearly indescribable. Yes, I find many of the apartments lovely, but what I came across wasn't really a tangible thing; it was a feeling. As I clicked through the pictures of tiny, cheap Manhattan studios, I was overcome by a very complicated feeling. To start, I was happy--I was overjoyed to see how cute some of the lower-priced a...
Who will you give to this holiday season?
Brokers Weekly - Who will you give to this holiday season?
Rental market hits smooth stretch
Brokers Weekly - Rental market hits smooth stretch
Brokers Agree: Village Triplex is 'The Best' Mansion-for-Rent
Brokers Agree: Village Triplex is 'The Best' Mansion-for-Rent
Priciest, cheapest units to hit the market
Priciest, cheapest units to hit the market
The Flash
The Flash - Gotham Magazine's party for LXTV at Silver Towers
Residential sales around the region
NY Times | Residential sales around the region
Buying? You?
Buying? You? By VIVIAN S. (more ...)
Just sold!
Favorite Things
Brokers Weekly - Favorite Things
Rental volume picks up as rents drop: report
Citi Habitats November Rental Market report
Citi Habitats November Rental Market reportClick here to view
Market Reports: Manhattan Rental Market Finally Headed for Flat Terrain?
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