Weekly Roundup: Sales volume, borrowing sag

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.

Actor is lookin’ at selling his townhouse in Greenwich Village

His Honor adds to collection, picking up a notable Southampton estate for a rumored $20 million

Magically, three young actors invest £24.5 collectively on luxury properties

It’s loss actually for actor-singer

All-cash buyers propel resales, but volume remains slack

Number declines of homes listed for sale in June

Growth recorded in Continue reading

The Big Apple: CPW sale turns tidy profit. More!

She who hesitates hardly is lost

Mildred Furiya bought her townhouse in Brooklyn for $16,000 in 1966 with a cash gift from her father. Now she plans to list the dwelling for approximately $1.895 million.

A sale at that price would represent an 11,744 percent increase over 45 years — or an annual return of about 11 percent, says the New York Times.

Numbers cruncher says he’s bullish on Manhattan

Manhattan just doesn’t behave like the rest of the country Continue reading

The Big Apple: Condo prices, rents rise and more!

Condo prices rise 12 percent over May 2009, but pace seems to flag

The Radar Logic data firm reports that Manhattan condo prices went up 4.7 in January over a year earlier but that the rate of growth seems to be slowing.

Although prices have climbed 12 percent above the post-bust low in May 2009, the price recovery is “losing steam” or may simply reflect seasonal weakness in demand, according to the firm’s RPX Monthly report on Manhattan neighborhoods. The report said it was too early to know with any certainty what contributed to the increase.

Uptown neighborhoods fared better than downtown neighborhoods, with year-over-year increases caused by higher prices per unit as a result of a shortage in supply.

Apartments with a washer/dryer clean up when sold

One new value-enhancing amenity that’s catching on is allowing shareholders and unit-owners to install clothes washers and dryers in their apartments. Plumbing issues have been the usual reason for forbidding washing machines.

But one veteran real estate appraiser has estimated that a washer and dryer add approximately 5 percent to the value of any apartment, leading to the increasingly permissive attitude these days.

The rich are Continue reading