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In the East Village, A Dearth of Rentals

August 3, 2011 | By Admin
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For apartment searchers, the sense that it was poor timing to attempt a move because so few apartments are available now may be an inevitable fact. In May of this year, the percentage of Manhattan apartments for rent hit its lowest rate in the past five years. Once known in real estate for being home to college students and recent grads, or those living a more bohemian lifestyle, the East Village is now drawing more diverse and moneyed tenants. With peak rental season upon us, the average percentage of East Village apartments for rent was 0.69 percent in May – the same as the citywide average. Rental prices have increased by at least $100 per month in accordance with the decrease ... ...

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Living in a Thermos

July 12, 2011 | By Admin
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The passive house has come to NYC, an ecofriendly certification that originated in Germany and was popularized in northern Europe. Passive homes use 60-70% less energy and 90% less heat than traditional buildings, achieving this efficiency with hyper-insulated walls, triple-glazed windows and engineering the whole building airtight.In Prospect Heights, 96 St. Marks Avenue is under heavy renovation to become the first multifamily house to be certified. Passive House Institute US certifies homes meeting the standard, and it is different from LEED designation in that the passive house is about optimizing what needs to be built, not solar panels, etc.Although about 15 projects are planned or und... ...

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Apartments in Manhattan on Split Paths

June 29, 2011 | By Admin
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Strong demand at the upper end of the Manhattan housing market has created excitement in apartment sales, while overall sales volume is being tempered by sluggish sales of lower-priced apartments. Sales of condominiums and co-op apartments is down 11% compared to Q2 2010 and prices remain flat. Although sales in contract on apartments selling for more than $5 million is 38% ahead of Q2 2010, moneyed buyers see the Manhattan market as an investment opportunity and are sensitive to overpaying for a listing.Source: The Wall Street JournalContinue Reading at: Apartments in Manhattan on Split Paths

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Landlords Have Wish List for New Rent Law

June 21, 2011 | By Admin
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A push by New York State Democrats to broaden New York City rent regulations depends on what concessions they will offer on issues raised by local landlord groups. The press to broadly expand regulations comes in the final days of the legislative session and would affect the rules surrounding the city's 1 million+ rent-stabilized apartments.Large landlords and developers have indicated that they would agree to a modest expansion of some rent regulations if progress were made on legislation they are seeking towards:A tax break for development of new apartments;A tax cap for owners of large rental apartments built in recent decades;And, a reversal of a court decision that lowered rents on some... ...

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Alpha Properties NYC Manhattan Real Estate Blog

June 21, 2011 | By Admin
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Alpha Properties NYC is now in our 18th year of doing business within the Manhattan real estate industry. Over the years, we've gained a solid knowledge base from countless deals. Having been in business this long, we also recognize and appreciate the value of adapting to changes in the market. That's why we are very pleased to launch our Alpha Properties NYC blog. We are happy to share with you the information that has been vital to our business, while opening a new means of conversation with clients and other real estate professionals.On the Alpha Properties NYC blog we will be posting news sources related to the New York rental market. Our Manhattan brokerage covers a wide selection of ne... ...

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