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Real Estate Broker/Owner - JAD Realty Group, LLC.
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RECENT BLOG POSTS
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
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
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
Which neighborhoods have the most new condos to burn through — and who is going to be stuck holding the bag? The Manhattan condo market is starting to feel like the beauty counter in a fancy department store — with everyone from perfume spritzers to makeup artists vying for buyers’ attention. “It...
06/16/2018
Developer Nexus is planning 21 residential units   The first set of renderings are out for the condominium project at the site of a 2015 gas explosion in the East Village.   Morris Adjmi Architects is designing the seven-story building at 119-121 Second Avenue, according to EV Grieve. Developer N...
06/13/2018
NY DOS' online database is incomplete, difficult to use  Like many New Yorkers who have had bad experiences with real estate agents, Tanya Mejia took to Yelp in September 2014 to give brokerage Chrome Residential a one-star review. “Not only are these guys unprofessional, but they are crooks,” sh...
06/13/2018
Zoning rules will change on side streets  The Department of City Planning on Monday kicked off the months-long process to change zoning rules in the Garment District. The agency certified a text amendment that will lift a 1987 zoning restriction in certain parts of the neighborhood. This marks th...
06/13/2018
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Jeffrey Ditri

New York City Residential Rental Specialist
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