Weekly Roundup: Hot sales, rising prices and rents, upward trending rates, online reno tools, conflicting recovery predictions and much more

Sales hot, hot, hot in Manhattan, Queens, Brooklyn, where Williamsburg prices soar 23.6 percent in year

Even with continued inventory shortage, Q2 sales leap up

Average rent in city (excluding Staten Island) breaks $3,000 for first time

And median rent in Manhattan hits $3,195 in June, with Brooklyn’s jumping 13.5 percent since 2012

Many uptown adherents now embracing downtown neighborhoods they once considered unthinkable

Landlords, boards of co-ops and condos tailoring latest amenities to Continue reading

Weekly Roundup: March of rents in May, skyscraper wars, all-cash offers, inventory, continued rate increases, £2 million trailer

Manhattan rents gain substantially over year ago, two reports show, but Brooklyn’s median drops

Another report details continued upward march of rents in Manhattan and Brooklyn

Columbia think tank cites need for small city of new housing to accommodate population growth by 2040

Mayor outlines $20 billion storm protection plan one day after FEMA releases new flood maps

Then Bloomberg proposes major change in building code to enforce additional safeguards

Skyscraper wars dominate new developments

O’, the heartbreak of broken relationships among leaseholding couples

Borrowers rarely can utilize VA loan program in NYC

Outdoor flea, food market begins in Long Island City

He aces sale of of beachfront Malibu home for Continue reading

Queens properties fetch $3 million in city auction

29-25 Ericcson St., East Elmhurst, went for $510,000 on Wednesday.

At Wednesday’s auction by Queens Public Adminstrator Linda M. Rosenblatt, successful bids on 10 properties totaled $2.957 million.  Three other properties were withdrawn prior to the estate sale.

Here are the results: Continue reading

Condo in luxe high-rise heads to city’s auction, other properties have much lower minimums

This condo at 401 E. 60th St. is one floor below unit to be auctioned and may be slightly smaller.

This unit at 401 E. 60th St. is a floor below one to be auctioned and may be slightly smaller.

A condo in the Lenox Hill neighborhood will be offered with a minimum bid of $1.2 million at the first city auction of Manhattan properties since June.

Public Administrator Ethel J. Griffin scheduled the sale of 13 properties from the Lower East Side to Inwood for March 21.  Minimum bids range from $45,000 for an income-limited studio in Harlem to the East Side condo’s $1.2 million.

The estate of one Ronald Cohen, the four-room unit 24C in Bridge Tower Place, a full-service 1999 building at 401 E. 60th St., is advertised as having 1,130 square feet with common charges of $1,400 monthly and annual taxes of $21,000.  Active listings in the building average Continue reading

Bankruptcy auction set for a brownstone in limbo

14 Queens co-ops, houses also go on the block in March

Saga of bankrupt brownstone on the Upper West Side is coming to an end.

The bankruptcy saga of the Upper West Side brownstone, right, finally seems to be coming to an end.

The 11-unit townhouse at 313 W. 77th St. went on the market in September of 2011 at an asking price of $3.995 million.  It has languished since then.

Still, the 5,898-sf brownstone between West End Avenue and Riverside Drive is bound to fetch more than that at a bankruptcy auction.

Bankruptcy trustee Albert Togut of the Togut, Segal & Segal law firm previously entered into a contract to sell the building for $3.75 million with a tenant who has agreed to move out if an offer of at least $4.5 million is made to purchase the place vacant.

Consequently, any successful bidder below $4.5 million would have a doozy of a time Continue reading

Weekly Roundup: All signs point to strengthening market in NYC and U.S., owners of luxury homes gild lillies, lighthouse in Chesapeake Bay for sale

Number of Manhattan properties under contract soars, inventory plummets during 2012

Q4 Brooklyn prices post biggest year-over-year price gain since 2006, while Queens median climbs 14 percent

Bars, restaurants and grocery stores can hurt quality of life, resales for residents of apartment buildings

Foreclosures mushroom in Queens, grow somewhat in Staten Island and the Bronx, slide in Brooklyn and Manhattan

Astronaut resists aiming for moon in putting Los Angeles condo on the market

Former baseball star lists sprawling Beverly Hills estate for $25 million

Actors who split in 2011 finally selling their UES triplex, for $9.25 million

TV judge lists Midtown pied-à-terre for $9 million — yes, for a pied-à-terre!

Estate of acerbic intellectual sells Chelsea penthouse to seven-time Emmy winner

Filmmaker offers Greenwich Village co-op for sale but plans no move to North Dakota

At 4.2 million, home sales Continue reading

Queens auction produces $3M in winning bids

This Long Island City house fetched the highest price among eight properties at auction.

With three of 11 properties withdrawn, the estate auction of ultimately one co-op and seven houses in Queens netted $2.944 million for the city today.

The total topped the collective minimum price of $1.991 million by nearly $1 million.  The gain amounted to 48 percent more than the sum of what Queens Public Administrator Lois Rosenblatt terms the “upset price.”

Properties on the block ranged in price between $120,000 and $600,000 in neighborhoods including Long Island City, Jamaica and Jackson Heights.

Below are the results: Continue reading