Archive for November, 2010
November 30, 2010

- 251-38 43rd Ave., Little Neck
The auction of 21 Queens co-ops and single-family homes is scheduled for Dec. 15.
Public Administrator Lois M. Rosenblatt has set upset prices ranging from $41,000 for a co-op in Jamaica to $453,000 for the single-family house in Little Neck shown at the top. All the properties belong to the estates of owners who left no will.
Sorry for the slightly weird formatting (because of my limited knowledge of HTML), but below are the available residences headed for the auction block: (more…)
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Tags:New York City, Co-ops, Auctions, Queens, Jamaica, Woodside, Rego Park, Corona, Public Administrator, Long Island City, Apartments, Elmhurst, Queens Village, Howard Beach, 164-20 Highland Ave., 48-26 44th St., 61-19 65th St., Glendale, 87-20 175th St., 90-59 56th Ave., Single-family houses, 58-03 Calloway St., 99-40 63rd Rd., 86-15 Broadway, 30-31 Hobart St., 84-39 153rd Ave., 34-32 12th St., 167-40 109th Rd., 47-45-59th St., 251 38 43rd Ave., 90-27 214th St., 114-01 127th St., 59-36 50th Ave., 51-13 Gorsline St., 30-16 50th St., 58-38 215th St., 80-25 Margaret Pl., Little Neck, So. Ozone Park, Oakland Gardens, Lois M. Rosenblatt
Posted in Auction, Co-ops and Condos, New York City, News, Queens, Real Estate | 2 Comments »
November 29, 2010

Rendering of hotel at 231 Duffield St. (V3 Hotels)
Twenty-one single-family homes and co-ops are to be auctioned by the King’s County Public Administrator on Tuesday, Dec. 3 at 2 p.m.
The properties, which were owned by individuals who died without wills, have opening bids ranging from a low of $90,000 to as much as $4 million.
The $4 million property is in the heart of downtown Brooklyn, close to (more…)
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Tags:105 Ashland Pl., 1167 Halsey St., 1336 Jefferson Ave., 160 Columbia Heights, 1852 Albany Ave., 195 Willoughby Ave., 2272 Linden Blvd., 231 Duffield St., 3101 Ocean Parkway, 3126 Mermaid Ave., 321 90th St., 348 Hancock St., 436-438 Albee Sq., 4517 Farragut Rd., 482 7th St., 490 MacDonough St., 5512 Ave. H, 574 Rogers Ave., 582 Bainbridge St., 69 Sterling St., 710 E. 96th St., 810 Elton St., 930 E. 49th St., Aloft Hotel, Auctions, Brooklyn, City Point, David Walker, Gold Street, House prices, Indigo, King's County Public Administrator, New York Real Estate, Sheraton Hotel, Single-family houses, V3 Hotels
Posted in Auction, Brooklyn, New York City, Real Estate | 2 Comments »
November 27, 2010
After reading my blog, a man who convincingly identified himself as the victim’s nephew called me with thanks for my post on the hit-and-run accident that claimed his aunt’s life on the Upper West Side yesterday. He said he preferred not have his name published.
She was Margaret Fisher, (more…)
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Tags:93rd Street, Amsterdam Avenue, Central Park West, Columbus Avenue, Cornell Medical Center, Manhattan, Margaret Fisher, Spender-naper High School, United Methodist Church, Upper West Side, Whole Foods
Posted in Late-breaking, Manhattan, New York City, News, Real Estate | 5 Comments »
November 26, 2010
Happy holiday weekend! Please enjoy this post with the past week’s most important news about the Big Apple and beyond. Look for “Out and About,” “The Big Apple” and “Weekly Roundup” again next Friday.
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LONG ISLAND CITY’S MAKEOVER IS CHARACTERIZED AS ‘DRAMATIC’
NEW FINANCING PLAN MAY BREATH LIFE INTO UNFINISHED FLATIRON HIGH-RISE
OCTOBER’S UPTICK IN SALES FROM SEPTEMBER’S LOW MAY (more…)
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Tags:Amagansett, Auctions, Baby Boomers, Bedbugs, Buying strategy, Casement windows, Central Park South, Co-ops, Dredit, Fannie Mae, Financial District, Flatiorn, Foreclosures, Freddie Mac, Hong Kong, Long Island City, Manhattan real estate, Moody's, Mortgages, New York City, Offering plan, Short sales, U.S. Real Estate Market
Posted in Housing Markets, Manhattan, Mortgages, New York City, Real Estate, Statistics, The Big Apple, U.S. | Leave a Comment »
November 24, 2010

Is this a kitchen, dining room or living room? The conscientious broker who listed the place on Manhattan's Upper West Side characterized it as a "great room." Photo below shows the opposite end.
If a room is not a dining space, kitchenette, bathroom, foyer or hallway, then it can be termed a living room, according to the New York City Administrative Code. However, a bedroom can be marketed as a living room if it also does not function as any of the other rooms listed.
The minimum size of a living room is (more…)
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Tags:Apartments, Kitchen, Kitchenette, Living room, Manhattan, New York City, Real Estate, Upper West Side
Posted in Co-ops and Condos, Commentary, New York City, Real Estate | Leave a Comment »
November 23, 2010

Flickr photo by TCDC Media
A friend of mine mentioned a couple of weeks ago that a shareholder has an accepted offer for a larger unit in his building.
The obese elderly seller was then in the hospital, in all likelihood terminally ill. Until her most recent hospitalization, she required home care and, when alone, made inappropriate requests of my friend, who lives down the hall.
His account reminded me of a situation years ago, when I had a listing in Washington, D.C. The seller also was a women, and she was about as close to bonkers as anyone else who ought to be institutionalized or at least heavily medicated.
Had I tuned into her psyche sooner, (more…)
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Tags:Real Estate
Posted in Commentary, New York City, Real Estate | Leave a Comment »
November 22, 2010

Under construction in 2008, the Hotel Ludlow remains somnolent across the street from 179 Ludlow Street. Foreground: former bank that became an artist studio owned by Jasper Johns, later a club. (Curbed.com photo)
The small, nearly completed building, at 179 Ludlow St. near Katz’s deli and across from another failed development intended to be the Hotel Ludlow, is an eyesore. Oddly, the building–which has four apartments and a retail store–in the heart of the gentrified Lower East Side has largely been ignored by the mainstream press.
From everything I’ve been able to glean, however, calling it an eyesore is akin to likening a garbage skow to a trash can. The thing has done nothing but (more…)
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Tags:179 Ludlow St., Auction, Bankruptcy, Curbed.com, E.R. Holdings, Hotel Ludlow, James Famularo, Jasper Johns, Lower East Side, Manhattan real estate, Michaelangelo Russo, Village Voice
Posted in Auction, Manhattan, Mortgages, News, Real Estate | Leave a Comment »
November 19, 2010
WITH FEW AFFORDABLE NEIGHBORHOODS, MANY ARTISTS ARE FLEEING NEW YORK CITY
Artists have long struggled in New York, moving into rough areas, gentrifying them and then getting forced out, Crain’s observes.
But as the city has gotten increasingly expensive, there are few such neighborhoods left to move to, forcing a growing number of artists to abandon the city.
Although there are no official numbers, a survey of 1,000 artists conducted in 2009 by the New York Foundation for the Arts found that more than 43 percent expected their annual income to drop by 26-50 percent over the next six months, and 11 percent believed they would have to leave New York within six months.
Even more troubling, cultural boosters say, is that for the first time, artists fresh out of art schools around the country are choosing to live in nascent artist communities in regional cities such as Detroit and Cleveland–which are dangling incentives to attract this group–and bypassing New York altogether.
PURCHASE MORTGAGES POSTED (more…)
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Tags:Apartments, Artists, Bedbugs, Bees, Commissions, Condos, coopandcondo.com, CoreLogic, Department of Labor, Flushing, Furman Center, Green roof, James Brown, Jeffrey S. Ween & Associates, Jonathan Miller, Manhattan real estate, Michael Kozek, Miller-Samuel, Mortgages, New York Real Estate, Queens, Radar Logic, Ron Gitter, Sky View Parc, Unemployment rate, Walker Stevenson, Zeckendorf Towers
Posted in Co-ops and Condos, Housing Markets, Manhattan, Mortgages, New York City, Real Estate | Leave a Comment »
November 19, 2010
Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out another of today’s three posts.

$6.5 MILLION SURE BEATS THE $1 MILLION THIS MUSICIAN PAID FOR THE LAND ALONE
COMEDIC TV HOST WITH APPARENTLY STRONG LEGS IS MOVING UP IN THE WORLD
HERE’S YOUR CHANCE TO (more…)
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Tags:Apartments, BofA, Central Park West, Co-ops, Goldman Sachs, House prices, Mortgages, Real estate selling strategy, U.S. Real Estate Market, Wells Fargo
Posted in Housing Markets, Real Estate, Statistics, U.S., Weekly Roundup | Leave a Comment »
When is a living room not a living room?
November 24, 2010Is this a kitchen, dining room or living room? The conscientious broker who listed the place on Manhattan's Upper West Side characterized it as a "great room." Photo below shows the opposite end.
If a room is not a dining space, kitchenette, bathroom, foyer or hallway, then it can be termed a living room, according to the New York City Administrative Code. However, a bedroom can be marketed as a living room if it also does not function as any of the other rooms listed.
The minimum size of a living room is (more…)
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Tags:Apartments, Kitchen, Kitchenette, Living room, Manhattan, New York City, Real Estate, Upper West Side
Posted in Co-ops and Condos, Commentary, New York City, Real Estate | Leave a Comment »