Weekly Manhattan Market Update - July 9, 2021

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NYC Sales Market Strengthens in April!!

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April Market Reports: 3 Important Takeaways to Share With Your Clients May 30, 2019 OVER 1,000 MANHATTAN HOMES ENTERED CONTRACT IN APRIL. According to the  StreetEasy April 2019 Market Reports,  the New York City sales market may be strengthening. This news comes after months of weakening prices across the city, rising share of price cuts and growing days on market. Read on for three takeaways from our most recent report that will offer you and your seller encouraging signs. Nearly 1,200 Homes Entered Contract in Manhattan This April The context:  The number of pending sales in Manhattan rose by 26.6% year-over-year to 1,193 in April. That marks an annual increase of more than 250 and the most homes to enter contract since 2015. Upper Manhattan saw a lot of contact activity with pending sales doubling to 132 from 66 the year before. Washington Heights and Central Harlem led the charge with 53 and 29 homes entering contract, up by 104% and 53%, respectively. Th...
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Can You Use a VA Loan to buy a CONDO in New York?

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Here's how much it costs to gut-renovate a brownstone in NYC - By Brickunderground.com

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  Here's how much it costs to gut-renovate a brownstone in NYC The average cost is $300 to $500 per square foot, or $960,000 to $1.6 million for a 3,200-square-foot brownstone Upgrading mechanical, electrical, and plumbing systems increases the cost to $600 to $800 per square foot Embracing the task of renovating a New York City brownstone is a daunting but ultimately rewarding endeavor. One way to reduce the fear factor is to get a handle on how much it is going to cost you—and the potential issues unique to brownstones that can ramp those costs up.  Working with a design-build firm can also help by contracting with one company from the initial design phase right on through the build stage, which can translate into greater transparency around costs as well as the projected timeline. But for you to realize those results, the firm should have specific experience in brownstone renovations, which are unlike other renovations. The partners behind Mammoth —a full-service...
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