Category Archives: New York City

Are You Part Of The Working ‘Poor’ Living In New York City? No Wonder…

New York City cost of living

If you’re living in New York City with housing, food and transportation costs in addition to a heavy tax burden, you may be feeling as if it can be difficult to make ends meet! Let alone to save any money for your golden years! Preaching to the choir, we know! In the article ‘The Cost […]

Lifestyles Of The Rich And Famous: The Worlds Most Expensive Hotel Suites!

When the cost of a one-night stay in a hotel has a price tag similar to that of one-year at the nations most expensive private colleges, it’s certainly not accessible to anyone but the wealthiest few among us! That said someone must be staying in them as 2016 saw the U.S. 2016 post the second best industry occupancy […]

NYC Seeks To Develop The Long Island City Rail Yard

long island city new york

Anyone who’s ridden the Long Island Railroad into Penn Station has almost certainly noticed the rapidly changing skyline in Long Island City! Development is occurring in LIC at a frenetic space and I for one, having worked in the Citigroup Building at One Court Square back in the 1990’s, barely recognize the place when I’m there! Of […]

The Impact Of NYC Coworking Offices On The Commercial Real Estate Market

co-working space business model

NYC coworking offices potential impact on the NYC commercial real estate market…None, Some or Significant? New York firms large and small often have one thing in common when it comes to the desired address of their corporate headquarters…That it have a New York City, and more specifically Manhattan, zip code (although Brooklyn can be up there as […]

Carnegie Deli Closing! Are New York’s Jewish Delis An Endangered Species?

Carnegie Deli in Manhattan to close

In late-2013 when the Roslyn, Long Island staple Andel’s closed its doors, the event provided the inspiration for the article, ‘The Jewish deli: The end of an era on Long Island?‘! ‘The Jewish delicatessen, once a staple on Long Island, is slowly disappearing from view! Growing up on Long Island there was nothing like a […]

Has Hell Frozen Over? NYC’s Second Avenue Subway Is Scheduled To Open January 1, 2017! (Video)

Second Avenue Subway New York construction

Not the entire Second Avenue Subway line of course! Only Phase 1 encompassing four stations at 96th, 86th, 72nd and 63rd Streets in Manhattan!  Phase 1 will be completed at a cost that runs in the neighborhood of $4.5 billion, relatively inexpensive when compared with the projected Phase 2 cost of $6 billion. ‘The total length of […]

Trump Tower Retailers: Unintended Economic Impact Of A Political Victory

Donald Trump and Trump Tower

Regardless of the side of the political spectrum that you fall on, if you are a retailer located in or around Trump Tower the timing of the presidential election could not have been worse! With Thanksgiving officially kicking-off the Christmas shopping season, the imposing security that now surrounds Trump Tower, a building that sports some of the highest […]

432 Park Avenue Penthouse: 8,200 Sq. Feet Of Luxury Priced At $10,000 A Foot!

NYC luxury real estate

  From the ‘if you have to ask the price you can’t afford it’ file, the 432 Park Avenue penthouse located on the 95th floor has an asking price of $82,000,000! If that price is paid, it would result in a value of $9,933 per square foot. But unbelievably, that is well below the closed sale price […]

New York City’s 100 Worst Landlords

NYC

For a prospective renter of an apartment in NYC, knowing the quality of the landlord is one more metric to consider when making a decision about where to live! But the question is, how do they do that? Here’s some help! NYC Government Oversight The Department of Housing Preservation & Development (HPB) will, among other mandates, ‘respond […]

Buying (Managing) An Apartment Building? These Are 9 Hidden Costs You Need To Consider!

NYC apartment buildings

9 Hidden Costs For Operating An Apartment Building That Can Impact Profitability, AKA The Investors Return On Investment! If an investor is looking at an apartment building to buy, the classic valuation methodology will be Net Operating Income or NOI divided by an assumed capitalization rate for a given neighborhood! This is true whether the […]