Tag Archives: Manhattan real estate

Coronavirus Be Damned, In Real Estate The Show Must Go On!

Coronavirus Be Damned, In Real Estate The Show Must Go On! When it comes to residential and commercial real estate transactions in New York, coronavirus or not the deals need to close! When it comes to the title insurance portion of the deal and beyond, Hallmark Abstract Service is successfully helping its clients choreograph closings […]

Hallmark Abstract Service: Title Insurance Warrior!

Hallmark Abstract Service! We are able to protect supertall buildings in a single transaction across New York State! And, we are expert in protecting single-family homebuyers, commercial property buyers and mortgage refinancers in every real estate transaction that they enter into! Hallmark Abstract Service Is Open For Business And Stands Ready To Serve The New York […]

The Wealthiest Community in the New York City Region is…

Photo of a Westchester, NY mansion

For those of us living in and around New York City, whether Long Island, Westchester, New Jersey, Connecticut or one of the five boroughs, it can be hard to imagine what area is the ‘wealthiest’! The term wealthy can have many different meanings but, for our purposes in this article, let’s use average annual household […]

What Are Air Rights, and What Do They Mean for CRE Developers and Investors? by Matt Frankel

Tutorial about air rights

The phrase air rights, depending on who you you’re speaking with, conjures up various thoughts and opinions over exactly what they are! There is of course the environmental and aviation context, but for the purposes of this article we speak of the ability for a developer to build a building to a certain vertical height. One can possess air rights […]

New York State Title Insurance Claims – The Most Common Are…

Whenever you buy an insurance policy you may or may not be expecting to ever have to submit a claim! If it’s health insurance you know that at some point during the year you will need to go to a doctor or specialist and will utilize whatever insurance you may have. Whether or not you will get reimbursed depends […]

What Are Air Rights Worth in NYC’s Hudson Yards? How About $265MM?

hudson yards photo

Over the years the Hallmark Abstract Service blog has occasionally dabbled around the periphery of an extremely complex and somewhat misunderstood segment of New York City real estate…Air Rights!  Transferable development rights, TDRs or air rights, allow for the transfer of unused development rights to another development site. The transfer of these air rights allows buildings to […]

NYC Supertalls: Where Size Does Matter!

supertall buildings in NYC

Driving into Manhattan from Long Island one can’t help but notice that dotting the skyline are buildings that dwarf those around them! These, are the supertalls! Defined as a building that is greater than 984-feet tall, these buildings include the famous such as One World Trade Center as well as the infamous like 432 Park Avenue. […]

In 2017, NYC Residential Landlords Will See Their Pricing Leverage Decline And Shift To Renters!

NYC apartment rents declining

As a front row witness to the exorbitant and ever-increasing apartment rents being asked for and received by landlords across NYC, will 2017 see rents declining with a shift in power to the renters? Take heart New Yorker renters, you may finally have hand! April 9, 2016 in the article at the Hallmark Abstract blog titled, […]

2016 Final Results: NYC Residential Real Estate Statistics For Sales $4 Million And Up

A report compiled by Olshan Realty provides a complete rundown of the 2016 results in the NYC/Manhattan residential real estate market for sales above $4 million!  2016 ‘saw an 18% decline in contracts over 2015. Year to date, 1102 properties had contracts signed totaling $8,937,866,862. The numbers are higher than 2012, but below the golden years […]

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 […]