Weekly Roundup: Basement apartments, seller’s market, plunging foreclosures, son of Lincoln’s house, trophy baths, Goldman Sach’s optimism

Manhattan luxury market unseasonably busy

Naturally occurring retirement communities populate Upper West Side

Condominium board gets TRO against Houston couple to prevent short-term stays

San Remo apartment offered for $29,750 in monthly rent went for $900 a month in 1940

Would changing rules for illegal basement apartments boost supply of affordable rentals? asks the Real Deal and Crain’s

Longtime home of Gershwin family goes on the market

Volume of property taxes kept increasing every year from 2005 to 2012

Residents of abutting buildings at war with developer of planned Fifth Avenue

Neighborhood group faults mayor’s plan for affordable housing

Fiercely competitive land prices forcing developers to build high-end condos

Sex symbol who has money troubles lists Malibu home for $7.75 million

6,800-sf TriBeCa penthouse wins undisputed approval of Brooklyn Nets star

New Jersey home was born to sell

Hip-hop star and reality spouse flip-flop Bel Air house handsomely

January numbers show 9.1 year-over-year sales growth, steady price gains so it’s a seller’s market

Supply of resale housing Continue reading

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Weekly Roundup: NYC adjusted prices, SoHo’s highs, upward trending rates, $117M record price, houseplant pointers, recovery skeptics

Housing prices below 2008 peak, sales 21.8 percent lower than 2007 peak

But 2012 median lowest since 2004 adjusted for inflation

Beachfront houses wrecked by Sandy being sold ‘as is’

Assembly, Senate pass renewal of co-op/condo tax abatement

Building in Williamsburg tops list of 10 best-selling new developments in 2012

Region’s foreclosures tick up in November

Boerum Hill beats out Dumbo as Brooklyn’s top neighborhood, while SoHo and TriBeCa priciest in Manhattan during 2012

Maintenance fees now average $1.70 per square foot, up 30 percent since 2008

Lawsuit aims to collect rents paid by tenants citywide who live in apartments made uninhabitable after Sandy

Multi-talented writer finally does good all by himself in sale of $11.25 million Hollywood home

Brooklyn Nets guard makes successful $15.8 million play for Tribeca penthouse

Barbara visits Continue reading

Weekly Roundup: Apartment bargains, price gains, sinking supply, mixed prognostications

Residential sales market attains highest peak in total dollars citywide since 2008 financial crisis, sales trail 2010

When it comes to the middle class, Manhattan naturally has one of its own

Winning design for micro-apartments allows for 55 250-to-370-sf modular units in Kips Bay

An UWS townhouse is listed for. . . $50 million

Closed sales in the Bronx slide to five-year low in 2012 as median inches up to $288,990

Major architecture firms expect 10-20 percent staff growth

First-floor apartment one of eight ways to get more space for less money

Zillow calculates 8.3 percent rise in home values

It is possible to avoid double taxation when refinancing in the city

If you can’t be too rich or thin, apparently you can have too much house

Average home price in the Hamptons sets record with surge of luxury sales

Sold price of Gramercy condop trimmed 67 percent from price that fashion designer had paid

Singer’s original $18 million asking price for Tribeca penthouse off key

It’s selling days Continue reading

Weekly Roundup: Lawsuits, rising sales, falling foreclosures, ghostly cities, rosier forecasts

Everywhere in the city, brown sandstone is a fading commodity

Having tried a $500,000 two-week Hamptons rental to snag a man, Cheryl Mercuris buys $13.72 million UWS condo

Good investment property must first of all be in — duh — right location

Record 33 contracts signed for luxury properties last week

To track down pre-construction bargains, start with city’s Web site, then negotiate hard

Priciest zip isn’t on the Upper East Side after all

Median price of lower-end homes swoons in the Hamptons

Agents have reasons stemming from mid 90s lawsuit for withholding square footage

Mauritian national seeks more than $1 million on claim that co-op board broke anti-discrimination law

Rise recorded in foreclosure, delinquency rates in metro region

Stigmatized Kennedy property in Connecticut finds buyer in week

Acting couple rid themselves of Mediterranean-style mansion in Los Angeles for $6.7 million

Moving four blocks away, funny man and wife add a room

Ex-wife of billionaire financier/philanthropist Continue reading

Weekly Roundup: Renters reject commissions, pending sales up over year, rates set record, list IDs ugliest mansions, recovery talk ignites debate

Although able to buy multimillion-dollar residences, some very rich folks choose to rent at sky-high prices instead

Fire Department takes dim view of dangling air conditioners and undertakes strong action

Landlord’s empire of apartment buildings collects thousands of code violations

City comptroller expects large residential properties to maintain value

40 percent of renters say they won’t pay broker’s fee purely on principle

Some Brooklyn renters moving back to Manhattan, where they find cheaper digs

With luxury home sales hitting record, surging Hamptons activity nearly matches 2007

City Council overwhelmingly approves NYU expansion plan

Sales, prices of new condos in Brooklyn boom in Q2 vs. prior year

Westchester communities experience parent drain after commencements

Broadway couple trades hit musical for the Hit Factory

She kisses good-bye to Tribeca condo at a small loss

Filmmaker decides it’s time to sell California estate at an asking price of $9.5 million

Index of contracts signed in June Continue reading

Weekly Roundup: Supply in U.S. and NYC dwindles, rates keep falling, Oprah takes bath, hell is hoarder at home, Shiller’s glass half empty

Obama slept here, and so can you for $2,400 a month

Median price of new condos up 15.4 percent from year ago, inventory down 19.1 percent

Q2 prices in Brooklyn, Queens edge up as inventory plunges

With prices falling in the Hamptons, sales pick up

Boards only set policies and six other surprises that rookie members may confront

New rental units in the city undergoing shrinkage

New handful of properties set to come on market at $90 million or more

Retired detective names safest, riskiest units in apartment building

Sales volume, property values remain well below peak levels, says NYU’s Furman Center

Number of residential building permits skyrockets, especially in Manhattan

Super rich Continue reading

Weekly Roundup: Turning point possibility, record rates again, pet habitats that pamper, stocks vs. housing returns, bulls in retreat. More!

By dollars per square foot, Tribeca tops all other Manhattan neighborhoods in Q1

Average monthly rent in Manhattan attains record $3,429 or $4,250 in April, depending on source

When you move here from out of state, the taxman wants to get his hooks into you

Manhattan has had 169 percent spike in new building permits this year, 35 of them in contrast to 13

Water Board approves 7 percent increase starting July 1

Citywide Q1 sales Continue reading