JAD Realty Group
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ARCHIVED BLOG POSTS
2018
A weekly feature bringing you the industry's latest intel According to this week’s market reports, Midtown ranked as the sixth most expensive office market in the world and the late photographer Virginia Thoren’s home was the priciest residential deal in contract. Residential Sales | Leslie ...
06/28/2018
Legislation would have eliminated residential floor area ratio The state Senate has quashed a bill that would have made it significantly easier for developers to build taller, denser residential buildings in New York City. Legislators voted down a bill that would have eliminated the resident...
06/27/2018
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The neighborhood has a staggering pipeline of 1,928 new condo units — not including those currently under contract 1 Beekman Street, 25 Park Row, and 45 Broad Street The Financial District has undoubtedly come a long way since the turn of the millennium, when its streets went dark at the end ...
06/27/2018
Six months after his arrest, Heller is due back in court. A judge had allowed him to pursue "real estate deals" in NY, Washington, D.C., and Puerto Rico. Jonas Heller When a Colorado State Trooper pulled over Jonas Heller on Interstate 70 in late December, he suspected — or smelled — much mor...
06/22/2018
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Affordability is at the lowest level since 2008 U.S. home prices are the least affordable in nearly a decade. Affordability this quarter fell to the lowest since late 2008, Bloomberg reported. In May, the median price of a previously owned homes rose to a record $264,800. “Home price appre...
06/22/2018
Activity slows down after strong first quarter, report says 125-129 West 16th Street and 461 Dean Street The multifamily market in New York City slowed down significantly in April following a strong first quarter, with volume metrics dropping to their lowest levels of the year so far. The f...
06/21/2018
The neighborhood has become an outlier among Manhattan’s shopping districts, but whether that’s sustainable or replicable remains to be seen West 14th Street between Ninth and 10th Avenues On a recent spring day in the Meatpacking District, a group of tourists argued over dinner plans as they ...
06/21/2018
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Second hospital to open facility at Related project 35 Hudson Yards Another hospital is joining Hudson Yards in hopes of tapping into the expected wave of new residents and workers at the megadevelopment. Hospital for Special Surgery is leasing 15,000 square feet at the Related Companies’ 35...
06/20/2018
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Resi firm ceased operations April 19 Andrew Heiberger and 110 Fifth Avenue UPDATED, June 20, 10:00 a.m.: Two months after Town Residential abruptly shut its resale and leasing business, its former landlord at 110 Fifth Avenue slapped the firm and its founder Andrew Heiberger with a lawsuit t...
06/20/2018
Median net effective rent rose 0.4 percent in May Manhattan, Brooklyn. and Queens Market Report Charts Following five consecutive months of decline, Manhattan saw its first increase in rent thanks to a growing demand for larger apartments. The median net effective rent, which accounts for conc...
06/16/2018
Rainmaker
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447,426
Jeffrey Ditri
New York City Residential Rental Specialist