Top Buyers' Markets in NYC
December 8, 2016 | by Lauren Riefflin
Inventory remains tight in New York City, while rent and sales prices continue to rise – all conditions that point to a seller’s advantage. To identify neighborhoods where buyers may have more negotiating power or where buyers might face the most headwinds, StreetEasy created the Buyer/Seller Index.
The Buyer/Seller Index is StreetEasy’s analysis of buyers’ and sellers’ markets across New York City. It looks at key indicators of competition such as:
Time on market
Price cuts
Sold price in relation to asking price
Taking each of these factors into account, we looked at how these statistics compare across New York City neighborhoods and determined where sellers have the upper hand and neighborhoods where buyers c... Read More
Top 10 biggest real estate projects coming to NYC
August 15, 2016 | by Kathryn Brenzel
The largest New York City real estate developments proposed in permit applications last month included a tennis stadium and one of famed architect Zaha Hadid’s final designs.
The largest new development permit filed last month was for the Louis Armstrong Tennis Stadium, which is part of the U.S. Tennis Association’s Billie Jean King National Tennis Center in Flushing Meadows-Corona Park in Queens. The new stadium will replace the original, which was built in 1964 for the New York World’s Fair and then became the centerpiece of the U.S. Open before the facility was expanded in 1997, according to the USTA’s website. The new stadium is slated to be ready for the 2018 U.S. Open.
Four of the top 10 largest projects proposed last mont... Read More
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