NYC Real Estate Attorney’s Closing Report: August 2019

NYC Real Estate Attorney’s Closing Report: August 2019

Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call.

Property Value Transaction
130 Jane Street, NY, NY $2,445,000 Coop Sale
317 West 89th Street, NY, NY $4,350,000 Condo Purchase
100 West 93rd Street, NY, NY $740,000 Condo Sale
40 East 88th Street, NY, NY $2,825,000 Coop Purchase
300 Cathedral Parkway, NY, NY $130,000  Condo Purchase
158 East 100th Street, NY, NY $465,000 Condo Sale
571 Fox Street, BX, NY $730,000 House Purchase
155 Lafayette Avenue, BK, NY $649,000  Coop Purchase
112 Franklin Street, NY, NY $3,010,000  Coop Purchase
342 West 21st Street, NY, NY $725,000 Coop Purchase

NYC Real Estate Attorney’s Closing Report: July 2019

Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call.

Property Value Transaction
400 East 77th Street, NY, NY $620,000 Coop Sale
39 Fifth Avenue, NY, NY $1,565,000 Coop Sale
115 East 9th Street, NY, NY $500,000 Coop Purchase
337 East 50th Street, NY, NY $645,000 Coop Purchase
430 Sterling Place, BK, NY $949,000 Coop Sale
170 East 87th Street, NY, NY $2,150,000 Condo Sale
345 East 80th Street, NY, NY $1,500,000 Condo Purchase
227 East 111th Street, NY, NY $470,000 Condo Sale
240 East 55th Street, NY, NY $475,000 Coop Purchase
270 West 17th Street, NY, NY $975,000 Condo Sale

Manhattan Real Estate Resale Prices Drop Furthest Since 2011, Bloomberg Reports

Bloomberg recently reported that resale prices for residential coops and condos in Manhattan fell noticeably in the third quarter of this year, and are currently at their lowest point since 2011, as a high number of active listings forces forces sellers to lower asking prices across the board.

Median prices, as reported, have dropped 8% since the third quarter of 2018. This trend in slowing sales is expected to continue, at least in the short term, as the number of properties on the market continues to increase.

To read the article in full, you can find it here.