New York Real Estate Report Week of Jan 7-12

Financial sector employees are flocking back to real estate as they begin to spend their bonuses again, WSJ reports.
New York Real Estate Report Week of Jan 7-12
The Peter Cooper Village and Stuyvesant Town apartment complex is seen from Waterside Plaza October 19, 2006 in New York City. (Mario Tama/Getty Images)
1/14/2010
Updated:
10/1/2015
<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/nyc-rental-72220220.jpg" alt="The Peter Cooper Village and Stuyvesant Town apartment complex is seen from Waterside Plaza October 19, 2006 in New York City. (Mario Tama/Getty Images)" title="The Peter Cooper Village and Stuyvesant Town apartment complex is seen from Waterside Plaza October 19, 2006 in New York City. (Mario Tama/Getty Images)" width="320" class="size-medium wp-image-1823991"/></a>
The Peter Cooper Village and Stuyvesant Town apartment complex is seen from Waterside Plaza October 19, 2006 in New York City. (Mario Tama/Getty Images)

Financial sector employees are flocking back to real estate as they begin to spend their bonuses again, The Wall Street Journal reports. That, and prospect of a stabilizing economy, have warmed up homebuyers to start their searches.

Sales

Isn’t it nice to find some tranquil neighborhoods in the city? Astoria and Sheepshead Bay are two neighborhoods where a body can find some repose—and they are the locations of two recent listings on Streeteasy.com.

Unit 3C at 1208 Sheepshead Bay Rd. is a “huge, sun drenched” two-bedroom duplex condo apartment. The building boasts cathedral ceilings and a skylight, and is listed by Citi Habitats. Six other units are actively listed on Streeteasy. The two-bedroom is listed for $475,000.

In Astoria at 25-40 31st Avenue 3T, a 3.5-bedroom convertible co-op is up for grabs for $375,000. Wedged in between the Broadway and 30th Ave. stops on the N/W subway line, this 850 sq. ft. apartment appears to be cozy and intimate.

For those who welcome lofty perches, another co-op, this one in Manhattan, has a top floor one bedroom for you. Gramercy Park’s 4 Lexington Ave. is showing off apartment 9H this week. The one-bed, one-bath unit is priced at $599,888.

It seems as though the new year has brought increased nesting activity to the city. In recorded sales this week, close to 40 sales were recorded—almost double the number of sales the week prior. Many of these closings were for co-ops in Queens and Brooklyn.

Rental

This rental in the West Village is really in the westernmost end of the neighborhood. Just a block from water’s edge (and the highway), 600 Washington Street has a studio for $2,415. www.coopercooper.com has details.

For the crafty, 12-19 Astoria Boulevard in Astoria has a loft for $1,750. Fifteen feet ceilings and 1,100 sq. ft. will let the new resident play around with space. Home office, art studio; no problem.

On the pricier end of the spectrum 118 Madison Avenue in Midtown South has got a five-bedroom/ three-bath apartment for $9,000. Each bedroom can fit a king-sized bed with room to spare, reads the listing by The Real Estate Group.

New Developments

All prices are dropping in the new developments arena. First up is Azure at 333 East 91st Street in Yorkville. A 1,391 sq. ft. two-bedroom here costs $1,414,473.

The expansive 60 Beach Street in Tribeca and 3064 Coney Island Avenue in Brighton Beach both dropped prices on three units. A sales unit at the former address runs at $4,250,000 for two bedrooms, while a similar unit at the latter goes for $385,000.