Archive for the ‘New York City Real Estate’ Category

Mar 09 2010

VIX Nearing 52-Week Lows

A: I need to get away from real estate for a moment. Taking a look at the VIX nearing 52-week lows and makes me wonder how cheap it is right now to buy some volatility? Maybe some puts? Anyway, when the VIX usually gets to this point …

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Mar 09 2010

Measuring UP Square Footage - Is Regulation Needed?

A: This is a topic I touched on a few times here, and is an old story that gets replayed every 10-12 months or so. Just how ‘off’ is Manhattan square footage? To be honest, its way off but I think this marketplace has evolved past the …

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Mar 07 2010

Looking Forward To Manhattan Q1 2010 Report

A: Lets have some fun here and take some guesses as to what to expect when the Manhattan Q1-2010 report is released in about 4 weeks. One thing is for sure, the SALES aspect of the report will likely show a surge over the prior year; …

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Mar 06 2010

Local Law 5-A: Tenant Screening Agency Disclosure

Mayor Bloomberg Signs Legislation Requiring Realtors And Landlords To Disclose Contact Information For Tenant Screening Agency That Will Screen Rental Applicant. Introductory Number 5-A requires landlords, realtors, and others who rent …

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Mar 06 2010

Build The Station: West 41st & Tenth

As work proceeds on a $2-billion extension of the No. 7 subway line, which currently bypasses a station previously planned for West 41st Street and Tenth Avenue, the Real Estate Board of New York has brought together a coalition to …

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Mar 05 2010

UrbanDigs: Analyzing & Consulting on Manhattan Real Estate

A: I’ll try to get right to the point here for you guys. I continue to see Pending Sales stay at healthy levels after a short adjustment down from the surge we saw in contracts signed starting around mid 2009. …

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Mar 04 2010

Chairman Appointed to NYC Rent Guidelines Board

Mayor Bloomberg announced the appointment of Jonathan Kimmel as Chairman of the New York City Rent Guidelines Board. The Board is mandated to establish rent adjustments for the nearly one million dwelling units subject to the Rent …

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Feb 27 2010

Q4 FDIC Banking Stats - Durable Recovery?

The FDIC banking profile for the fourth quarter came out today. The following are highlights of the report with my comments. I continue to closely monitor the banking system because while the acute phase of the crisis is long over with, …

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Feb 27 2010

Loan on West 86th St. Townhouses on the Market

iPhone photo: courtesy of Mitchell Hall. According to the Real Deal the $25.1 million first mortgage secured by three adjacent buildings at 272-276 West 86th Street is on the market.The loan was used to refinance 272 West 86th Street …

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Feb 27 2010

Handling Multiple Offers in Today's Market

A: Whether you question the sustainability of it or not, you can’t deny that some well priced properties out there are receiving multiple offers in the past 4-6 weeks or so. However, that doesn’t mean each will end in a bidding war! …

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