Weekly Roundup: Broker titles, celebs on the move, growing supply, reverse mortgages, the American Dream, boarding houses, and more

Next week’s Weekly Roundup will be the last until Sept. 6

Offering plans afford glimpse into pluses, minuses of lavish lifestyle in luxe buildings

Buyers snapping up Manhattan apartments 38 percent faster than last year, with UWS tightest market

Brokers still wrestling with new state rules on titles

Prices of Williamsburg condos plummeted in spring

First-half volume of investment properties leaps 41.3 percent over same time last year

One Picasso forsaking his walls

Lord of the Rings actor drops $1.075 million for gingerbread Victorian in Texas

Former NBA player lists California home for $2.795 million

Onetime TV detective, also actor who originated role of Continue reading

Weekly Roundup: SO much local and U.S. news

Prices up, sales volume almost flat measured against 2002

Condo prices edge up during last year as sales and inventory slip

And sales and supply Continue reading

Weekly Roundup: The Big Apple, markets stats, more

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 Continue reading

The Big Apple: Whither our housing market. More!

MAYBE YOU CAN SEE NEW JERSEY FROM A CONDO FACING AUCTION AND MAYBE EVEN RUSSIA

If you head to Edgewater, N.J. Nov. 17, you can start the bidding with $50,000 on a one-bedroom condo in Battery Park City.

Unit 333 at 21 South End Ave. is the only real estate in New York City among numerous other properties in New York State, New Jersey and Pennsylvania to be auctioned by the Williams & Williams company.

The Regatta

Seventeen units in the Regatta are now on the market, including one with a signed contract, at prices ranging from $385,000 for another third-floor unit described as a junior one-bedroom to $2.7 million for a two-bedroom apartment on the sixth floor.

WHITHER THE HOUSING MARKET? IT DEPENDS, SAY VARIOUS PROGNOSTICATORS

When it comes to the housing market, predictions are perilous business, notes the New York Times. A market that looked as if it was verging on a renaissance Continue reading

The Big Apple: Village townhouse is auctioned. More!

GREENWICH VILLAGE TOWNHOUSE IS SOLD IN MINUTES

It took only three minutes, from 6:19 p.m. to 6:21 p.m., for the successful bidder to spend $6.634 million at a court-ordered auction yesterday of a Greenwich Village townhouse that had been listed at $9.95 million not long ago.

“I’m very happy with the price I paid,” said the affable bidder, 51, Continue reading

Someone there is who does not love a wall

 

11-story building under construction at 77 E. 12th St. in January 2009. (Photo by Andrew Fine)

 

If it’s the light and the views that grab you in an apartment, don’t ask only about the low buildings in the distance, cautions real estate lawyer Ron Gitter, who regularly contributes his advice to readers of this blog and writes one of his own that is well worth bookmarking: coopandcondo.com. There is, he says, one other very important issue to consider.

by Ron Gitter

With an almost unquenchable thirst for square footage, developers of late have been utilizing the entire footprint of building lots–sometime with consequences that the residents of the newly constructed building don’t anticipate.

You’ll find an increasing number of examples of this trend in “lot line windows,” Continue reading