The Big Apple: Bags of $100 bills, monthly stats, more

GROWING DEMAND FOR TWO-BEDROOM APARTMENTS HAS THEIR PRICES RISING

After a lull that has lasted for more than a year, two-bedrooms are back.

The market share for two-bedrooms first dipped under 30 percent in early 2009, with smaller and larger apartments gobbling up more of the sales, according to data compiled by Jonathan J. Miller, the president of the appraisal firm Miller Samuel and a market analyst for Prudential Douglas Elliman. But in recent months, that percentage has climbed back up to 39 percent.

The median in Manhattan dropped 20 percent, from a high of $1.6 million, in 2008, to $1.272 million in 2009, according to the data. It has since inched back to $1.3 million.

SELLERS AND BROKERS ARE KNOWN TO MISREPRESENT BEDROOMS, SQUARE FOOTAGE, BUILDING POLICIES AND NOISE

Sometimes sellers and their brokers get things wrong or even flat-out lie to the other side, and New York, says real-estate attorney Jerry Feeney, is “a buyer-beware state.” (Brokers’ websites include fine print disclaiming responsibility for errors.)

If you have even a slight suspicion, Continue reading

This is one ‘play’ in which nobody forgets a line

Patricio, my doorman, on the Upper West Side.

When the contract with 30,000 union employees of 3,200 buildings in Brooklyn, Queens, Staten Island and Manhattan is due to expire, you can count on the situation unfolding as it has periodically over the years.

There always is a drumbeat of dire consequences issued by Local 32BJ of the Service Employees International Union.  Then comes a strike authorization vote.  Meantime, property managers and boards of directors gear up for the worst.

It’s a like a play in which everyone has a part and has all the lines memorized until the curtain rises.

In fact, the worst sometimes happens, Continue reading