The Big Apple: A 30-room co-op could be yours

High Line is proving to be an increasingly strong magnet for developers

With the next section of the elevated Chelsea park known as the High Line poised to open next month, New York developers are gearing up numerous projects along the route in hopes of capitalizing on rising interest in the area.

The High Line has helped transform an area that remains a long walk from public transportation, offers less retail than other downtown neighborhoods, and until recently was associated with crime and industrial blight.

The second section, which is slated to open sometime in June and will run from 20th Street to 30th Street, is a less-developed area but has already attracted new construction.

Even with $60 million for adjoining apartments, not just anyone can assume board approval in famed building

Two adjoining duplex apartments at a legendary Park Avenue address are about to be put on the market for $60 million.

The grand apartments on the 12th and 13th floors of Continue reading

Weekly Roundup: Rates are down, fraud is up

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 the other of today’s posts and look for Out and About early next week.

Broadway producer makes a wicked good purchase in the San Remo

Dahlink, Hungarian refugee’s Bel Air mansion may soon be listed for $30 million

Number of  homeowners owing more than property’s worth swells to 28 percent

Prices drop 1.5 percent in March to 4.9 percent below 2009’s post-bubble nadir

Peak to 2009 trough prices plunge 36 percent but exceed last March by 1 percent

Rates decline for fourth straight week below Continue reading