Showing posts with label New Development. Show all posts
Showing posts with label New Development. Show all posts

Monday, October 5, 2015


The Accidental Skyline Tool

Ever wonder why that skyscraper popped up next to your building and took away your lot line windows? Or why SoHo and the East Village do not have the same building heights as the rest of the city? Well, you're in luck! Above is a great tool to research, visualize and understand how real estate development and FAR works in New York City. Whether you are a beginner to real estate or an expert, this is a very handy tool to bookmark and look into. Click the photo above to check out the interactive map.

Too often, New Yorkers are caught off guard by new development in their neighborhoods. The Accidental Skyline offers tools to help demystify the city planning process and bring the public into the conversation.

The maps above show where new development could occur across New York City – allowing New Yorkers to assess how their neighborhoods could be impacted. These maps add to a body of work available on this site, including The Accidental Skyline, presentations and media coverage. Additional reports will highlight how other cities are responding to these challenges.
~via MASNYC

Friday, August 28, 2015



The Person You Need By Your Side

Buying or selling a home is an emotional and financial obstacle course. Doing it in New York City means every obstacle is higher and wider. In order to come out on the other side happy and confident in the decision you’ve made, you'll need an expert by your side. Not someone who has a real estate license because of Groupon. Not a part-time actor. Not someone who always lets your calls go to voicemail. You need a dedicated partner who:

  • Can predict every step.
  • Is sensitive to your needs.
  • Understands what you want.
  • Knows the terrain intimately.
  • Will not let you make a mistake. 
  • Has a tested network of real estate professionals.

Jeff Nolan is that partner. A natural advocate for his clients, he is ranked in the Top 1% of 45,000 Sales Associates in North America for the largest Real Estate holding companies in the country NRT or more commonly known as Realogy (RLGY). Since 2011, he has been a Multi-Million Dollar Club Member in one of the most prestigious agency in New York City, The Corcoran Group.


An Advocate

Jeff has a simple sales philosophy: he gets you the Highest Amount of money in the Shortest Amount of time possible. He believes in doing the research and applying his real estate knowledge to make sure your property is priced correctly. Why waste your time waiting for an unreasonable selling price at some vague, future time, when you can get the amount you deserve right now?

As an investor in Real Estate in upstate New York, Jeff knows the longer a property stays on the market, the more money the owner loses. When he began analyzing New York City Real Estate 11 years ago, he was shocked to see so many people losing money by leaving a property on the market for too long. Reasons ranged from: overly high asking prices to rundown kitchens, the #1 feature buyers care about. Jeff quickly realized many real estate agents either didn’t know why the property wasn’t selling, were unfamiliar with its true value, or they were afraid to tell the seller the truth.

Over time, Jeff used these observations, along with over a decade of market analysis and first-hand experience, to perfect his system for selling properties. To get you the highest amount of money in the shortest amount of time. The plan hinges on four principles that work in concert:

  • Create a targeted marketing plan.
  • Leverage his knowledge of the market, the brand identity of Corcoran, and the many tools Corcoran provides to create maximum exposure.
  • Create a sense of urgency in the market.
  • Capitalize with his excellent negotiation skills, first honed in the luxury automotive business.

It is a plan that gets results. Jeff consistently provides his clients with the highest price per square footage in the building. He sells apartments other agents can’t sell – even at the same price, and he always gets his clients the highest amount of money in the shortest possible time.

A Stealth Negotiator


Almost 80% of homes in New York go to a bidding war. You may have experienced a situation like this in the past. At this level of negotiations, you want a partner on your side that has done it hundreds of times. Before becoming a real estate agent, Jeff worked for Ford Motor Company for 13 years. His job was to negotiate directly with the owners of luxury automotive dealerships. He learned how to win a negotiation from some of the most savvy business people in the automotive industry. The most important lesson: the negotiation is won before it even starts.

Jeff has taken this key principle with him into the world of Residential Real Estate. When you’re out with Jeff, you’ll find he’s always asking the right questions at the right time – of the listing agent, managing agent or the seller. Some of his questions may not seem relevant to the purchase of the property, but while you’re looking at kitchens and closets, Jeff is already preparing for the negotiations, uncovering valuable information:

  • What motivates the seller and the broker? Is it the asking price, emotional ties to the apartment, the fairness of the process, a non-contingent deal? 
  • How savvy are the seller and broker about New York City real estate? 
  • How will other bidders and their agents act? What motivates them? 
  • What is the true value of the property, regardless of the asking price?

All of these questions are asked with one goal in mind: to save you time, energy and money. He’ll also go the extra mile to protect you from a poor investment by uncovering undisclosed information, discovering costly aspects of the property and evaluating recently sold comparables to determine whether a building is the right fit for your needs. 

Always a good listener, Jeff asks many questions of his buyers as well, making sure he fully understands what you’re looking for. Your needs, your wants, your financial picture and what you are willing to do to get your dream home.When the fit is right and you have to have a particular condo, co-op, or townhouse, regardless of the terms and conditions, he’ll figure out a way to achieve your goal.

You’ll Want to Have Him Over for Dinner

Working with Jeff Nolan is great, because he manages to reduce the stress and increase the excitement of finding your home. One of his recent clients described it this way: "Jeff negates every cliché you hear about NYC brokers. He is smart, savvy, incredibly concerned with his client’s financial well-being as well as their happiness. He is tough negotiator and runs his business as if every client was family.”


Laid back and funny, Jeff is originally from Detroit. He spent his childhood in London and graduated from the American School in London. He later moved to Denver, Philadelphia and Syracuse, NY, where he met his wife. Originally from Lima Peru, Lorena was most recently a Creative Director of a Manhattan based brand/strategy/packaging design firm.

Jeff and his wife share a love of travel, and after visiting over 40 countries, he plans to keep on going. Jeff is also a runner, who completed the NYC half marathon and is an avid cyclist, riding in the DALMAC quad-century with his father and brother four times. Next he’s working on completing his first triathlon. Jeff currently lives in Williamsburg, Brooklyn, with his wife and daughter, Valentina.


Friday, February 27, 2015

2018 Skyline Preview: Super Skyscrapers to Change Manhattan Skyline

City Realty made the rendering above, providing us an idea of what the city will look like in 2018 based on projections for buildings currently being planned or already in construction. The photo illustrates a NYC skyline 2,500 feet above Central Park. This image focuses on Billionaire's Row, the set of seven sky-high luxury apartment buildings such as One Vanderbilt, 53 W 53rd, 432 Park Avenue, 225 W 57th, and 111 W 57th Street. You click through to the full article to see a few more renderings offering some different perspectives of the area, but the story is the same; Manhattan skyline is changing more dramatically than in decades. Major residential buildings are headed ever more skyward, meaning eventually we'll all be  all living in the clouds. Full Article

Monday, January 26, 2015

New Building Round Up: For Sale in 2015


For many 3 years is imply too long to wait! If you looking for new construction available right now, we have included this round up of new buildings expected to be completed in 2015. While there are plenty of one to three bedrooms, a new proliferation of duplex and townhouse residences built into new development projects offer the space of a traditional single family with the amenities of a full service building - who could ask for anything more! All new developments on this list are already accepting offers, so if you are interested now is the time to move forward. The list covers some of the larger new builds in Manhattan and Brooklyn; for a complete search specific to your needs be sure to give us a call as we have access to all new construction in the city and are excited to get to work on your search! View List

Tuesday, July 19, 2011

Battered Home Builder Sentiment Creeps Up

Confidence in the construction industry increased last month, but it is still at record lows. The NAHB/Wells Fargo index measures how many builders think market conditions are favorable. The peak score during the housing boom was above 70; however, now the scores are barely in double figures and unlikely to change quickly. The scores have been steady during the year in a tight range from 13-17.

http://www.reuters.com/article/2011/07/18/us-usa-economy-housing-nahb-idUSTRE76H30720110718

Tuesday, July 12, 2011

Foreign Buyers Lifting U.S. Home Sales

Housing markets across the country are being boosted by foreigners. The dollar is currently weak against many international currencies such as the euro, Canadian dollar and pound sterling. Many people are taking advantage of the low cost of American housing buying in many of the more desirable holiday destinations. Florida in particular has historically attracted foreigners and 8 of it cities rank amongst the 20 most popular cities for foreign investors in the U.S. The most popular nationalities are Canadian, Chinese, British and German.

http://www.usatoday.com/money/economy/housing/2011-07-05-forign-buyers-real-estate_n.htm
Glassy condo, with controversial design, coming to Flatiron District

The Flatiron district will have a large glass condo building at 39-41 West 23rd Street, the design was approved before the downturn and despite urges from the community for planning to be denied it was granted with only minor changes. The original plan was for the development to be a hotel but it has changed hands and is now slated to become a condo building. The project is being run by Anbau Enterprises who also developed 110 Central Park South and 136 West 22nd Street.

http://therealdeal.com/newyork/articles/glassy-condo-with-edgy-design-by-carlos-zapata-and-developed-by-anbau-enterprises-is-coming-to-39-41-west-23rd-street

Friday, July 8, 2011

The Corcoran Report: Second Quarter

It is my pleasure to inform you that Corcoran has released its Second Quarter Corcoran Report, our quarterly survey of residential real estate sales in Manhattan. This report compares data based on deals that closed in 2Q 2011 (April 1 through June 30) with those closed in the prior quarter and in the same quarter one year ago.

Manhattan continued to enjoy significant sales activity in the Second Quarter of the year as market-wide sales increased 15% over the First Quarter. Renewed levels of competition led prices higher as buyers took advantage of lower pricing in the resale market. Manhattan’s median price in the Second Quarter reached $790,000, up 9%, and the average price per square foot was $1024, an increase of 4% from a year ago.

In many ways, the Second Quarter was the most relentlessly average period of sales activity in several years: it displayed typically active sales for the spring season, with prices driven modestly upward by competition, but without breaking any records. While Corcoran found itself working with many all-cash and foreign buyers, large numbers of New Yorkers of all kinds found their homes in Manhattan with us in the Second Quarter.

If you have any questions about the Corcoran Report or about sales activity or trends in the residential real estate market, I am always happy to discuss it with you. I hope you are having a good summer and look forward to speaking with you soon.
Another residential conversion on deck for Williamsburg's Kent Avenue

The lively area of Kent Avenue in Williamsburg is set to get another housing development. Plans for the warehouse, located at 484 Kent Avenue which is between South 10th and 11th streets, have now been filed for the building. It will comprise of 30 residential units being constructed on the second and third levels. The previously bankrupt developer Isaac Rosenberg has proposed these plans although it remains unclear whether he will sell the remaining units or rent them out.

http://therealdeal.com/newyork/articles/another-residential-conversion-on-deck-for-williamsburg-s-kent-avenue-by-isack-rosenberg-at-484-kent-avenue

Thursday, July 7, 2011

Renters See Prices Skyrocket

After the recession period of low rental prices and desperate landlords, the rental market is improving strongly. During the past twelve months the average rental rate for homes and apartments has increased by 6.7%. The studio apartment market is particularly strong with a 14.3% increase and this is mainly because vacancies are down by nearly 2% across the board. The signs in the rental market are so encouraging that developers are starting to plan new apartment buildings due to be finished in 2013.


http://blogs.smartmoney.com/paydirt/2011/07/05/renters-see-prices-skyrocket/

Wednesday, July 6, 2011

Manhattan residential market held on in 2Q

Real estate brokers are being surprised at the moment by how steady the market is, during the second quarter mean prices increased and the average time an apartment spent on the market was consistent with the ten year average; surprising given the uncertainty hanging over the U.S. economy at the moment. Even though the performance wasn’t nearly as strong as last year’s second quarter this is because the tax credit for first time buyers was due to expire causing a boom in the market.

http://www.corcoran.com/news/index.aspx?page=Article&pub_id=12677
New York City averts construction strike-group

Construction workers in New York City narrowly avoided striking after a last minute agreement between their employers and union leaders regarding changes to work rules seen by many in the industry as obsolete. Hundreds of sites across New York would have ground to a halt which may have further damaged the area’s building industry which is yet to recover fully from the recession. Employment is at a 13 year low despite it being the summer; a traditionally busy time for construction.

http://www.reuters.com/article/2011/07/01/newyorkcity-construction-idUSN1E7601SP20110701

Friday, May 7, 2010

One Jackson Square

Perhaps you have stumbled upon this magnificent new development on the corner of West 13th Street and 8th Avenue. That is
One Jackson Square. It is an extraordinary building. Rising a mere 11 stories, it nevertheless gives its inhabitants a magical view of midtown and uptown. While all of the apartments are incredibly impressive, the penthouse tops all - literally and figuratively. With 1690 square feet of outdoor space and an overall area of 5530 square feet, the penthouse is enormous. Beautifully arranged and furnished, this penthouse is state-of the art living quarters fit for a modern king or queen. The glass windows covering the entire two floors afford the inhabitant an irresistible view of the city and the outdoor terrace is equipped with a separate outdoor kitchen and patio. No description can do it full justice, one must see it to believe it.