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Wednesday, October 31, 2007

Spirits of New York

The Chelsea Hotel is chock full of prominent dead people...Sid Vicious' wandering spirit is said to hang out around the elevator.
JENNIFER FERMINO, NEW YORK POST

vicious_mug.gifheadroomDown the Hudson, south of Sleepy Hollow, New York City has its own haunts and legends of restless spirits reports a recent New York Post article that cites a list of the top haunted sites in town. The list was compiled by FindingDulcinea, a new, hand edited, Web guide site, which says that "You can scarcely walk a block in Manhattan without encountering a haunted landmark". Really?

Among the places it selected is The Chelsea Hotel. The Post's Fermino writes "Prefer your phantoms more famous? The Chelsea Hotel is chock full of prominent dead people...Dylan Thomas, Eugene O'Neill, and Thomas Wolfe supposedly have all been spotted at the West 23rd Street landmark— and Sid Vicious' (pictured) wandering spirit is said to hang out around the elevator." The Algonquin, The Dakota, Washington Square Park, The Bridge Cafe, Mark Twain's residence, Old St. Patrick's Cathedral and the Morris-Jumel mansion all made the list too. I learned a few haunting facts here, such as that public hangings took place in Washington Square Park back in the 1800's. There are snippets of gore mixed with a bit of NYC history, in a fun diversion today, as we wait for news of the Fed's adjustment (or not) of interest rates and see whether the markets get spooked too. I'm off early today to trick or treat with my little one. Enjoy!

related links:
Haunted New York: Creepy City Sites »
Vicious spirits »
Spirits at the Bar »

Tuesday, October 30, 2007

Haunted open house

haloween_vcrop.jpgopinionSometimes a working broker is faced with challenges that seem beyond reasonable explanation. Perhaps it was the full moon, or it was feeling bolstered by the dark side prognostications of New York Magazine and other media outlets recently— but Death showed up looking for the Manhattan real estate market at our open house last Sunday. He's shown in our loft here looking svelte, but left my downtown exclusive at 80 John Street feeling disappointed, especially after noting our excellent foot traffic. Colleague Dario Mannarino, who was hosting it said, "He walked into the loft expecting the buyers to run away, but no one got spooked…I'm not sure that he could have afforded the apartment anyway. I saw him later near the subway trying to sell newspapers." Apparently, the widespread rumors in the press about Death showing up here are highly exaggerated. Although they persist, we just haven't seen bottom of the coffin about to fall out. Happy Halloween!

updated 11.6.2007

Monday, October 22, 2007

Mint mini loft with a terrific terrace

80_John-12D.jpg

for saledownload fact sheet (pdf 170 kb) I'm representing one of the first re-sales at the newly converted, full service, South Star condominium, at 80 John Street. It's an open plan loft that has a nice sized roof terrace where the building sets back on the 12th floor. It features high ceilings, and a brand new kitchen with Bosch & Sub Zero appliances. The South Star is near two of the best food markets downtown, and a short walk to the new Tiffany and Hermes stores— it's positioned centrally for transportation and appreciation, as the financial district transforms into the most exciting new neighborhood in the city. Get more details on the listing page. I'm hosting an open house on Sunday 10/28 from 1 pm to 3 pm, if you'd like to drop by; or of course, you can call for an appointment.

Friday, October 19, 2007

A new record, median sale price hits $1,414,00

Q3 2007 Corcoran report

Now available for download is the 3rd quarter 2007 Corcoran Report (1mb pdf) on the Manhattan residential marketplace, which shows solid performance as the average sale price in the borough increased by 14%, with a record setting median price increase of 5% to $1,414,00 (that's the price most commonly paid for a Manhattan apartment). It is said that all real estate markets are local. Our particular conditions, and strong demand, continue to cause Manhattan to perform in sharp contrast to the rest of the nation. Co-ops still comprise the vast majority of the city's housing inventory for sale. We have benefited from the extra financial scrutiny imposed by co-op boards. It seems to have insulated us so far from the fallout of the sub-prime mortgage implosion that has set back the credit and housing markets elsewhere. Corcoran data showed that available housing inventory for sale has dropped by at least 16% over the past 12 months; Jonathan Miller of appraisal firm Miller Samuel put the decrease in available listings at 31.7%. Unlike many markets which have become overbuilt, the scarcity of land available for development, a growing population, and demand as a global destination city would have caused a severe housing supply crisis here, if the pace of new construction had slowed recently. If you have questions about how your home might be priced in today's market, or any other questions about the Q3 report, please contact me.

related articles:
Tribeca homes jump 36% in third quarter 2007
Facing the Fall? Seasons change in NYC real estate
Q2 2007 Corcoran Report
Q1 2007 Corcoran Report

Updated October 20, 2007

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