The year-over-year median price for a home on Long Island — excluding the Hamptons and North Fork — had not dropped in 10 years. Until last quarter. But the peninsula is still no picnic for homebuyers, as the market there and on the East End remains tight and rife with bidding wars, according to a [...]
The Federal Reserve has indicated that there is potential for further increases in interest rates during 2022 and this has led to speculation that there would be widening of cap rates; however, the relationship between changes to the federal funds rate and cap rates is not direct and instantaneous as the relationship between the federal [...]
Today Governor Mario Cuomo of New York suspended Mortgage payments for 90 days. This is not a forgiveness of debt but instead the 90 days of payments will be added to the back end of the mortgage. Decisive move by the Governor to give relief to homeowners. "If you are not working, if you are [...]
According to the Real Deal, Amazon, the online retail giant has signed a 335,000-square-foot-lease with landlord SL Green Realty for a new location in the Hudson Yards neighborhood. Amazon said the new office will be home to employees from its consumer and advertising groups. Image Credit Architectural Digest It might not be a second headquarters [...]
New York State recently passed the Housing Stability and Tenant Protection Act of 2019, which includes a variety of rent regulation changes. These changes have broad implications for landlords, such as imposing new limits on how much landlords can charge for security deposits, background checks, and late payment fees. While City landlords were infuriated by [...]
Real estate agents in Greece say that the main factors behind this massive spike in interest in Greek real estate aside from the improved financial stability in the market, is the expectation of considerable returns from short-term rentals and the success of Greece's Golden Visa program. Real Estate Investment In Greece The inflow of foreign [...]
Netflix signed a lease for 100,000 square feet at 888 Broadway between East 18th and East 19th Streets to house a 127-person corporate office, Variety first reported. The company also inked a deal for the entire 161,000-square-foot warehouse at 333 Johnson Avenue in Bushwick, Brooklyn, to build six sound stages, according to Governor Cuomo. “Netflix [...]
Home shopping season is just about here and home sellers are busy cleaning, painting, de cluttering, landscaping and deciding which other projects might reap the greatest reward given limited time and money. The best option, once the curb appeal projects are done is to tackle the bathrooms according to a recent report by Zillow. The [...]
The Commercial Observer sat down with Compass Vice Chair Adelaide Polsinelli, who explained why retail is coming back. Adelaide has sold over 1,400 properties valued at over $20 billion in every asset class of Commercial real estate. She has sold over $1.4 billion in the last six years, spanning NYC, Miami, Boston, Chicago and most [...]
The New York real estate market may have cooled in 2018, but the city is still appears to be the most popular place in the world for prime property investment. New York is the world’s leading city for both residential and commercial investment, cementing its position as a global wealth hub, according to Knight Frank [...]
