“Nobody goes there anymore; it’s too crowded.” –Yogi Berra, about a (too) popular Miami Beach restaurant. Returning from a family event over the weekend in Philadelphia, it took me a while to name the city’s gritty, cosmopolitan vibe: “1980’s Upper West Side.” Meanwhile, the real Upper West Side (in Manhattan) increasingly feels like something conjured...Read More
“If a property is worth $250k and you ask $350k and reduce it to $325k, it’s not an indication of a problem in the market. It’s a problem with overpricing.” -Hall F. Willkie, president of Brown Harris Stevens; “Prices Drop for Luxury New York Real Estate”; The NYT (1/15/16). OK, I have a confession: I...Read More
The Twin Cities’ “Brooklyn” and “Manhattan?” The Case for Edina’s Country Club Neighborhood Brooklyn has become so hot — and expensive — that the joke in New York is that people who can’t afford to live there should check out cheaper digs in Manhattan. In particular, the Upper East Side now looks like a relative...Read More
Single-Family New York City Townhomes “Single-family townhomes also often offer other benefits: residents can have a garden; they can own a dog without asking anyone’s permission. Many of these houses are in picturesque neighborhoods with an embracing sense of community.” –“Townhouse Turnaround“; The New York Times (11/8/2013) This week’s New York Times real estate section...Read More
1st Home? Try, 2nd (or 4th) According to the developer of 432 Park, there are already signed contracts for nearly $1 billion worth of apartments at the building; total sales are expected to surpass $3 billion. About half the buyers are foreigners; only about a quarter of the units will be occupied at any one time....Read More
