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Manhattan Apartment Sales Down 20%

Supply and demand. It’s one of the first things we learn in business. Right now there are a lot of apartments available for purchase in Manhattan and less people buying.

Sales of previously own...

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Queens Becoming Brooklynized

Long ago, Brooklyn was the refuge to those who couldn’t afford he sky high Manhattan prices. But not anymore. Queens is in the process of becoming “Brooklynized” by young professionals, hipsters and individuals trying to escape Brooklyn�...

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How Will The L Train Shutdown Affect Us?

The MTA’s plan to shut down the L train in 2019 for repairs has sent those living along the line in Brooklyn on a quest to find new places to live. A report by Ariel Property Advisors states that search will take them to Queens, especially al...

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421A Version 2.0

421A, a tax abatement law, expired in January of this year but Govenor Cumo has come up with a new plan. 421A is a program started in the 1971, when NYC officials became concerned that people were moving to the suburbs and residential construc...

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Bitcoin Accepted?

Bitcoin Accepted Here

Brelion, a real estate crowdfunding company, announced earlier this week the launch of a bitcoin digital currency investment opportunity. Bitcoin digital currency users now have the option to invest and make up to a 24%...

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What Is Haus?

From Uber to Haus, Garrett Camp has a new project. Haus. Clear for everyone. Fair for everyone. This new platform focuses on the buying and selling of residential property, digitizing and organizing offers from all parties to have more transpa...

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New York’s New Short Term Rental Law Slams Airbnb

New York and Airbnb have never really been best friends. Airbnb provides short term rentals of apartments/homes with lower prices than hotels. It allows owners of apartments to make extra money, and is appealing to travelers trying to save mone...

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What Does Brexit Mean For NYC?

Brexit. What exactly does it mean? More importantly what does it mean for us here in New York City? The United Kingdom’s exit from the European Union caused immediate and drastic results. The British pound dropped and their Prime Minister res...

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Manhattan Market Report: 2nd Quarter 2016

The market for Manhattan apartments cooled 3% to $2,113,924 from the record breaking $2,180,096 reached last quarter as the pace of luxury new development condominium closings waned. Year-over-year, however, the average sale price and median pr...

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