WHILE THE U.S. SUFFERED IN Q2, MANHATTAN HOUSING IMPROVED
After disturbing Q2 reports were released last month on the U.S. housing market (in “Weekly Roundup” below), the Wall Street Journal’s Josh Barbanel armed himself with statistics to show that the situation in Manhattan wasn’t so bad. Sales of apartments in Manhattan appear to have strengthened this summer, with median prices up, inventory down and an increase in the number of apartment closings, he reported.
“The figures suggest that the Manhattan market, buoyed by a resumption of hiring and a healthy Wall Street bonus season ahead, has so far escaped much of the distress across the country,” Barbanel wrote. He noted that July’s median home sale price in Manhattan was $900,000 in comparison with $182,600 nationwide.
In a subsequent piece, Continue reading
See more photos below of the new Transit building at 96th Street and Broadway.
I was on my way to do an errand yesterday when I was startled to discover that the new entrance that I have been admiring for a long, long time was open at 96th Street and Broadway. There was the predictable speechifying before news cameras outside before the public was admitted around noon, though I didn’t find out until too late.
Even in its unfinished state, the facility is leagues ahead of the grim, gross and puddled entrances on either side of 96th Street and Broadway. This one is actually inviting. Continue reading
Looking south toward W. 96th St. subway entrance.
Under construction forever and, I think, at least on and maybe ahead of schedule, the new entrance to the #1, 2 and 3 subway trains at 96th Street and Broadway on Manhattan’s Upper West Side opened today around noon.
It looks great, though still uncompleted.
I’ll have more and better photos tomorrow.
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Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022