New york city real estate recruiters,new york city calendar december 2012,lionel lines g gauge train set 9625 - PDF Books

16.04.2016
If you go uptown to the Upper East Side, old run-down townhouses (or brownstones as they are called) are now being renovated and flipped to upscale one-family or two-family homes, turning it into an investment eye candy. Brooklyn is now considered the twin sister of Manhattan because of the fast changes being set on the neighboring borough.
Williamsburg, another area of Brooklyn where there are also many buildings under construction, is in high demand by buyers who want to live in the unrecognizable area. Queens areas like Astoria, Long Island City, Jamaica and even Far Rockaway are also the new trend of renovations.
On Staten Island, there’s a new development of homes being built in the northern side of the island.
The northern parts of the Bronx entering into Westchester and Yonkers are under construction. The old New York most people think about, or is often seen in old movies, is a distant memory. Michelle Wong is a Project Manager of real estate auctions, covering Manhattan and parts of Staten Island.
Tiny Monaco, which is occupied almost entirely by Monte Carlo, is home to the most expensive residential real estate in the world.
The answer is an emphatic “yes” if the product in question is real estate — and if you’re comparing it to property in other parts of the world. There are a number of global cities where prices are far higher than they are in the Big Apple. For example, in Monaco, the most expensive market in the world, homes average $6,200 per square foot, according to the most recent Wealth Report from London-based real estate consultancy Knight Frank. By comparison, the average price in Manhattan was $2,300 a foot as of March, according to the report. Hong Kong, London and Singapore are also pricier than New York, which ranked sixth on Knight Frank’s top 10 list, two notches higher than the year before.
While the ranking includes several locations in Asia and Europe, Middle Eastern and South American cities are noticeably absent: For all its vast investments in luxury development, for instance, Dubai did not crack the top 10.
And faced with a softening housing market, much of it by governmental design, the four Asian cities on the list may see prices drop soon.
In addition, New York is narrowing the gap with some Asian cities, where values are sliding after a massive multi-year run-up, brokers say. This month, The Real Deal looked at the priciest markets on the planet for residential real estate and at how they stack up against New York. Residential values seem to know few bounds in this square-mile European country on the Mediterranean. For the third year in a row, Monaco, which is almost entirely occupied by the famed Monte Carlo quarter, took top honors in Knight Frank’s report. Measured another way, $1 million in Monaco will buy about 162 square feet, or less than half a Manhattan “micro” apartment. Experts say that Monaco’s extreme lack of supply propels prices: Not only is the principality tiny, but high-rise construction was mostly banned for three decades starting in the 1980s, until recently.
In addition, residents, who reportedly include Russian billionaire Dmitry Rybolovlev, Beatles’ drummer Ringo Starr and actor Roger Moore, who portrayed James Bond in seven films, pay no income tax. This waterfront Chinese city — where $1 million buys 222 square feet — saw an average sales price of $4,550 a foot this year, down from $4,810 a foot last year, according to Knight Frank. The greater Hong Kong region, which has 7 million people living in roughly 400 square miles, is similar in size to the New York area.
The government also owns most of the land and can impose strict rules about what goes up on it. Subsequently, 2013 saw the lowest number of transactions in the city since the 1990s, according news reports. Plus, in the 12-month period ending in July, overall housing prices dipped, though by less than a percent. In response, major developers like Sun Hung Kai Properties slashed prices at mega-projects like the Cullinan, a glassy two-tower condo on Victoria Harbor that’s the city’s tallest residential building. If there’s a global city that New York gets pitted against more than any other, it’s London.
At an average of $3,700 a square foot, residential sales price “across the pond” in England’s capital city are higher than they are in New York, data show. Though land is not as limited as it is in Manhattan and other island metropolises, strict zoning regulations keep prices high: The city ranks a lowly 45th globally in terms of skyscrapers, Knight Frank reports.
In terms of major sales, the blockbuster project continues to be One Hyde Park, a modernistic complex of four linked mid-rise towers completed in 2009 in the Knightsbridge area.
And it’s not the first record at the condo, an 80-unit project developed by the Candy Brothers’ CPC Group and the Qatari firm Waterknight. Critics say that these ultra-big-ticket purchases obscure what’s really happening in the market, by artificially inflating average prices. Overall home prices were down 3.7 percent in July from last summer, and prices are expected to tumble by as much as 20 percent by 2015, analysts say. Analysts say the market will soon reveal whether those curbs have gone too far, as about 80,000 new apartments are reportedly coming online by 2018. Geneva, the six-square-mile, high-altitude European financial hub in Switzerland, edged out New York by just a hair.


Prices rose through the recession there and may climb higher, according to several brokers who’ve been publicly quoted on the topic.
But a series of controversial recent rules designed to stem overdevelopment have taken aim at this second-home market — which may limit the stock of those dwellings, particularly for foreigners.
As a result, Geneva, and Switzerland in general, which have long been trendy with British, German and Italian buyers, may be losing some of its appeal, brokers say.
However, even if sellers are now required to pay capital gains taxes locally when they sell Geneva homes, those sales can be tax-free on a national level, so investors might not packs their bags for good. Homes in the top 5 percent of this Australian city average $2,250 a square foot, just a bit less than New York’s figure when Knight Frank collected its data. And unlike some other cities on the list, Sydney continues to show strong growth; its sales price per square foot average was up from $2,125 in 2013, the data show.
A single demographic may explain the booming home market: Chinese buyers spent a staggering $23 billion on real estate in the country from 2007 to 2014, according to a Credit Suisse report. Sotheby’s Brown estimates that a quarter of all buyers of new condos in the city this year have been Asian. Brokers say Chinese buyers prefer homes with views of Sydney icons like the Harbour Bridge and Opera House. In May, a Mediterranean-style waterside mansion called Altona sold to a Chinese buyer for $53 million, setting a record for the priciest home ever sold in the country. In France’s capital, where Knight Frank said prices average $2,200 a foot, demand has seemed unstoppable. Property values have jumped by double digits in the last five years alone, according to news reports.
For many, the most coveted homes in a city with little major residential construction are found behind 300-year-old limestone walls in the center of Paris, on Ile Saint-Louis, said Sofia Falleroni, a broker with Town Residential, who works with buyers from France. Other popular destinations for foreign buyers include the Golden Triangle area by the Champs-Elysees and Avenue George V, a major retail area, sources say. Russian oligarchs, many rich from oil, are driving the record-setting purchases outside their country. That explains average prices of $2,150 a square foot in Moscow, where $1 million purchases 463 square feet.
Investment targets include the “Golden Mile,” or Ostozhenka Street, by the Moscow River, which is lined with landmarked Art Nouveau mansions from the late 19th and early 20th centuries. Gleaming towers are “a relatively new model for Moscow, which is an older city,” said Angela Rapoport, a Corcoran Group broker who was educated in Moscow and is from the former Soviet republic of Estonia. But the recent turmoil in Ukraine, where separatists that appear to be backed by Russia are battling pro-government forces, has led to tough sanctions by Western countries. Some of the residential activity is being driven by investors, who are buying up newly constructed units, sometimes sight unseen, and then renting them out, said Brown, who compared the situation to Miami during the last boom. On the other hand, ultra-wealthy residents who maintain their primary residences in Shanghai usually gravitate toward standalone villas, according to Daniel Chang, another Sotheby’s agent who is originally from Taiwan, but is now based in New York. While the Chinese home market has significantly cooled in recent months, analysts say established cities with mixed, global economies like Shanghai are better prepared to stave off a downturn. In addition, the Park Hyatt Beijing, a 66-story building with 21 penthouses on the top nine floors, is also under construction nearby. Aware that buyers are on the hunt, Sotheby’s recently opened an office in the city; Century 21 has a beachhead, too. For the high net-worth individual, no other information source in the country brings you the detail and in-depth value on the topics you’re interested in. Get the world news stories happening now and read about the latest in numismatics, auctions, collections, art, jewelry, real estate, and more! If you did not take the opportunity to invest and buy these townhouses when they were cheap, you missed out. Older buildings are being fixed up and are attracting very diverse buyers who want to live in the area. Williamsburg was once a remote, rundown area but it is now being inhabited by young families and young singles. Long Island City, once known as warehouse and factory outlets, is now being turned into lofts, apartment complexes and condos. She encourages readers to contact her for additional information about the New York City real estate makeover, as well as Manhattan real estate auctions and New York real estate auctions.
That’s 60 percent less, though appraisal guru Jonathan Miller pegged the Manhattan average at $2,735 in the second quarter (see related story). The cities were ranked based on the top 5 percent of their sales during all, or part, of 2013.
Neither did Sao Paolo, Brazil, though both were price leaders in their regions, the data show. And as of March, the average luxury home price of $6,200 a foot was up 10 percent, from $5,635 in 2013, according to the report.
That’s giving Monaco, which has a full-time population of 38,000, an edge over another tax haven, Switzerland, where laws are tightening (see Geneva, below).
A rare condo tower, the 49-story Tour Odeon from developer Groupe Marzocco, is now being marketed, with 26 of its 70 units sold as of August, according to Bloomberg News.
But much of the city is made up of small, scattered islands and a good portion is covered with steep hills that are difficult to develop.


And though the city’s leaders have, in recent years, suggested taking millions of square feet of unused warehouse space left over from the Hong Kong’s manufacturing heyday and converting it to housing, plans have not gotten far. Worried about a housing bubble, the Chinese government has for the last few years tried to rein in the market by requiring larger down payments, capping how much buyers can borrow to buy homes and slapping taxes on property flippers. Last fall, the company offered a 70 percent discount on “stamp duty,” a type of real estate fee.
In 2011, Rinat Akhmetov, a Ukrainian oligarch, paid a combined $248 million for a penthouse and adjacent apartment, according to published reports. Like with Hong Kong, fears of over-speculation by investors have prompted Singapore’s government to put in place rules to avoid a collapse.
Second homes can now only be built in certain areas, and for the most part, not be super-large.
Other analysts add that a two-year-old program that offers Australian visas in exchange for $5 million in real estate investment is also playing a part in fueling the residential market. In other words, the city made serious gains through the recession and Europe’s sovereign debt crisis. But some critics say that new tax laws passed in 2013, which increased the rate residents pay on incomes above $1 million to 75 percent, from 48 percent, may discourage new, wealthy arrivals from overseas.
But wealthy buyers also like mixed-use high-rises — which usually have offices on lower floors and full-service condos above. Brown, whose client list is 40 percent Asian, and other sources said these speculative investments are helping to create a housing bubble. Chang said these homes are almost suburban by Western standards, situated in massive developments like Pudong, on the eastern side of the Huangpu River, a burgeoning area away from the city center. But with the Chinese home market’s softening, Knight Frank’s data, which was collected last year, may be a bit outdated.
From the future of gold, silver and other precious metals to all of the different diversification avenues for the hard assets investor, American Hard Assets is the premier source for hot industry topics, as well as the latest in gold and silver news. Young students who attend Colombia University are now purchasing homes after graduating and landing their first jobs.
However, due to the fast growth and changes implemented on this borough, the prices are just as high as Manhattan. Jamaica is also changing as well; there are more homes being fixed up and new homes being built. One-bedrooms start at $7 million, and the five-level 35,000-square-foot penthouse is listed at a stunning $390 million, which would be the most expensive apartment ever sold in the world if it trades at that price.
But even with the price cut, some apartments there still traded at close to $4,000 a square foot.
This summer, home prices finally recovered all the value they had lost during the recession and actually surpassed their peaks from the last boom, according to several market reports. With a population of about 5 million across 277 square miles, the city has an average sale price of $2,850 a square foot for its super-luxury properties. Developed by Tuan Sing Holdings, the property, which in addition to other amenities will have a rooftop pool, is supposed to open in 2016.
Those towers are sprouting in the Moscow City Development, a former factory district that’s being converted into a high-density city-from-scratch. The affluent Jing’an district offers several flashy examples of apartment towers that are popular with investors. Most investors have taken the opportunity to take these properties at a cheap price and fix them with a very profitable end result.
Brooklyn’s DUMBO, Williamsburg and Fort Greene areas have massive changes and many are moving into the very trendy areas.
It is one of the most promising areas to live in now, if you want to live outside the crazy Manhattan life. There is supposed to be a new Ferris wheel being built by the harbor near Bay Street, which is a few minutes from the Staten Island Ferry Terminal.
From what I hear, it is very promising and there will some competition with the neighboring boroughs but overall each borough has something to offer each New York depending on the wants and needs of consumers. The $15 billon project, which has been likened to the high-density Canary Wharf financial district in London, has been underway for 20 years and contains some of Europe’s tallest buildings, which are more geared for investment than for primary residences. DUMBO (the acronym means Down Under the Manhattan Bridge Overpass) has many buildings under constructions or in their last stages of completion.
A mall outlet similar to Manhattan’s South Street Seaport will be added next to the Ferris wheel, which will attract tourists and possibly more homeowners from the outer boroughs. Places in Downtown Manhattan like SOHO, Tribeca, NOHO and the Financial District are now under massive construction and old buildings are now being renovated.
DUMBO has changed; the Barclays Center in the area gives a positive impact to the community. Old warehouses such as lofts are now being turned into residential spaces for the young and hip New Yorkers.



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