Tuesday, November 18, 2014

The $130 million Pier 55 park at W 13 St on the Hudson


Barry Diller and his wife Diane von Furstenberg are helping New York build a $130 million island oasis pier on W 13 St on the Hudson River.

The 2.7 acre park with rise between 15 feet to 71 feet above water and will sit on 341 stilts.  A 700 seat amphitheater in the park will host events and performances udner the direction of producer Scott Rudin.


NewYork Post article, "Pier 55 Gets $130 million bid to Create Island Oasis."

Monday, November 17, 2014

Interviewed by DNAinfo on Current Foreign Buyer Activity in New York


NYC's Pool Of Foreign Real Estate Buyers Show Signs Of Drying Up.


By Amy Zimmer on November 12, 2014 7:42am | Updated on November 14, 2014 4:38pm



MANHATTAN — Some of Manhattan's top brokers have noticed a slowdown in foreign buyers in the last couple of months as the strength of the dollar rose along with prices of high-end condos.
New development — which often targets the moneyed class of global buyers — saw prices hit an average of $1,807 per square foot — a nearly 29 percent jump from the year before, according to a recent report from Douglas Elliman.

Wednesday, November 5, 2014

Manhattan 3Q Condo Update


Don't be fooled by appearances.  The alley in picture is the site of the future ultra chic Beekman Hotel and luxury 5 Beekman Street condos.  

Check out the 3Q Manhattan condo update:  

Tuesday, November 4, 2014

The 18 Essential Hotels (Curbed.com)


The 18 Essential New York Hotels - Curbed.com

Tuesday, November 4, 2014, by Jessica Dailey

It seems like a new hotel opens every week in New York City—by the end of the year, there will be some 90,000 hotel rooms here—which makes it an exceedingly difficult and rather overwhelming task to answer the question, "Where should I stay in New York City?" Curbed's guide of need-to-know hotels seeks to solve this conundrum, with a list of the city's 18 most iconic, essential hotels. This iteration of the Hotel 18 aims to balance the collection of age-old classics (like the famed Plaza and Waldorf Astoria), with a couple newbies (welcome to the club, Viceroy New York) and affordable, but not generic, options (sorry, no Gene Kaufman or Sam Chang creations here). Eligible hotels have been open for at least one year. We're constantly seeking input for future revisions, so let us know in the comments or on the tipline if you disagree with the list.

New York property buyer's agent


When buying New York property, engaging a buyer's agent is the first step, because in New York, seller pays both sides' agent commission.  Regardless of whether the buyer is represented by an agent, the commission has already been factored into the price.  

Tuesday, October 28, 2014

Foreign Buyers of Manhattan, New York Property - Overview


By Wei Min Tan

1.0  Overview for the foreign investor
1.1  Why New York
1.2  Can foreigners buy in Manhattan, New York?
1.3. What type of properties are popular amongst foreign / international buyers?
1.4  What are expenses associated with owning a property in Manhattan?
1.5  Financing for foreign / international buyers
1.6  Cash buyers 
1.7  Transaction costs
1.8  Taxes, taxes, taxes
1.9  How does the fee work when buying/selling?
1.10  How does the agent fee work when renting?
1.11  Should I use more than one agent?
1.12  What are the best areas for investment?
1.13  Does buyer have to be in New York for the closing?

Tuesday, October 14, 2014

Interviewed by Brick Underground in "Williamsburg is not in Manhattan and 6 Other Foreign Buyer Misconceptions"


Top misconceptions and surprises of foreign buyers.
- Most apartments are not for sale
- Prices are comparatively low.
- Wow, this studio would be a 2 bedroom in my city!
- Williamsburg is not in Manhattan.

Read the article, Misconceptions and surprises of foreign buyers.