Tag Archives: luxury real estate

FinCEN Geographic Targeting Orders That Seek To Identify High-End Cash Buyers In Certain Cities Extended!

FinCEN extends the Geographic Targeting Orders

Anti-money Laundering GTO extended for 180 days The Financial Crimes Enforcement Network (FinCEN) of the US Treasury has extended the Geographic Targeting Order (GTO), set to expire tomorrow Feb 24. The new GTO is identical to the current order and will not expand the cities or the dollar thresholds. Borough of Manhattan, N.Y.; $3 million […]

The Booming Business Of Residential Safe Rooms

terrorism, kidnapping and civil unrest

In a world that’s fraught with turmoil, terrorism and social angst, the art of protecting people in their homes has become big business! Big business that is, but one that’s not necessarily appropriate or available to all people. Home protection in the form of a safe room is a residential real estate luxury add-on that […]

FinCEN Disclosures (Geographic Targeting Orders) For Cash Real Estate Transactions Expanded!

August 12th Hallmark Abstract Service examined the unintended consequences that resulted from the government edict intended to address one issue while impacting another one! The article titled ‘New York City Real Estate, Government Edicts And The Inevitable Unintended Consequences!‘ looked at the result from the requirement for title insurance company’s to disclose the actual buyer […]

New York City Real Estate, Government Edicts And The Inevitable Unintended Consequences!

Most if not all of us have heard the phrase that ‘the road to hell is paved with good intentions’! Given that, is it also a sad truth that many government policies once implemented, have unintended consequences the majority of which seem to be more painful than helpful for the masses? For the sake of this argument and […]

Heroes To Heroes Designer ShowHouse In Saddle River, New Jersey September 29 – November 13!

Heroes To Heroes Foundation

On September 29, 2016 21 designers will be showing-off their creative style at a new construction home in Saddle River, New Jersey! If you own a company or manage the marketing and business development for one, the ShowHouse For Heroes 2016 offers a phenomenal opportunity! What: Designer ShowHouse For Heroes in Saddle River, New Jersey 07458 When: September […]

New York City Ultra-Luxury Real Estate – Is The Sky Falling Or…

NYC luxury real estate market

Summary: NYC Ultra-Luxury Residential Real Estate Market Targeted At The Superrich Getting Soft? Has the market reached a tipping point or is this merely the pause that refreshes? Is the sky staying right where it’s supposed to be but the prices for apartments located there certainly seem, shall we say, soft? In-other-words, in terms of the ultra-expensive listings […]

NYC Rents Negatively* Impacted By The Law Of Supply And Demand

NYC luxury rentals

Negatively of course if you are an apartment owner or developer and positively if you are a prospective tenant! Economics 101: More supply in the face of steady or even declining demand, regardless of the product, will lead to lower prices! Of course in the category of luxury Manhattan rental apartments, there are other variables […]

NYC’s 25 Most Expensive Residential Real Estate Listings

NYC luxury real estate

   Ever wonder how the other half lives? Well they might live in one of the 25 most expensive residential listings currently for sale in New York City! 1 12-16 East 62nd Street $120,000,000 This Upper East Side three-townhouse combo took the honor of being NYC’s priciest listing in June. According to the broker-babble, it could be used […]

2015 NYC Real Estate Market: Test Your Knowledge! (Quiz)

2015 was an eventful year in New York City real estate! Test your knowledge with these 10 questions?  Full disclosure: My score = 7/10 (Take the quiz here or interactively at the original article written by Michelle Higgins and published in the The New York Times. The answer key is at the end.) 2015 New York City Real Estate […]

2015 Top 20 New York City Residential Real Estate Sales (By Price)

residential real estate,NYC,Manhattan,New York City

As was the case in 2014, 2015 witnessed a great many extremely large residential real estate transactions closing in NYC! The entirety of the Top 20 sales occurred in the borough of Manhattan! Of these twenty mega-deals, seven of them occurred at the ultra-luxury building One57 that has been dubbed by some ‘The Billionaire Building’. One57 is located at 157 […]