NYC's Supertall Tower

Curbed put out a great article which highlighted every ‘supertall’ building in NYC. According to architectural guidelines, a supertall building is over 984 feet tall. There are 22 of them built or in the process of being built, and the article gives a bit of information on each of the buildings. These skyscrapers are often controversial, but they are continuously reinventing this beautiful city’s skyline. If you’d like to read a bit more about these supertall buildings, here is the link to the original article: http://ny.curbed.com/archives/2015/10/14/mapping_the_rise_of_new_york_citys_20_supertall_towers.php

Trends in NYC apartment buildings

There’s been an interesting trend in some of  NYC’s newest sky scrapers. Though penthouse units cost the most compared to lower floors, many new buildings are using the top floor or two for shared spaces and amenities instead of privately owned units. From infinity pools to fitness centers and everything in between, the top floor is slowly becoming a place everyone can enjoy. Here is a link to an article from the Real Deal for a more detailed view on this current trend: http://therealdeal.com/blog/2015/12/04/developers-swapping-penthouses-for-top-floor-amenities/

Cost of Renting Office Space

The Real Deal put out an article analyzing cities with the highest rent for prime office space. New York City is the most in demand in the country, at $153 on average for a square foot of prime office space. It was interesting to see that Hong Kong was far and away first place worldwide, with office space checking out to be 60% higher than NYC at $255.50 a square foot. San Francisco is the second highest in the US, checking out at 5^th worldwide. For a full list with details by city, find the original article here: http://therealdeal.com/blog/2015/10/27/new-york-office-rents-are-second-highest-in-the-world/

Commercial Real Estate Deals - NYTimes

Here's a list of the most recent commercial real estate transactions in NYC, as posted by the The New York Times

http://www.nytimes.com/2015/10/14/realestate/commercial/recent-commercial-real-estate-transactions.html?_r=0

United Realty CEO Jacob Frydman on Bloomberg TV

A video of me on Bloomberg last year

NYC Real Estate

According to Crain's New York Business​ , Manhattan apartments are selling at a record pace and price. The average length of a listing was 73 days, or about half of the average over the past decade. Find the original article here: http://www.crainsnewyork.com/article/20151001/REAL_ESTATE/150939981

Japanese Investors in NYC

Interesting change of pace with Japanese investments in real estate here in NYC. Last year, there was almost no real estate purchases from Japanese real estate companies. However, in the past 12 months, Japanese based real estate companies purchased $1.5 Billion in property in NYC. Much of this is due to the fact that the Japanese market is stronger now than it was in previous decades, but I believe a large part of it is also the strong economic outlook of the commercial real estate market here in NYC. If you’d like to read more about this topic, find the original article here: http://therealdeal.com/blog/2015/09/28/japanese-investors-bought-1-5b-in-nyc-properties-in-past-12-months/

Mega Projects in NYC

It seems that everywhere you look in the city there is a new real estate project popping up in NYC. Curbed NY recently put out a guide to the mega-projects that are helping transform this city. From sky scrapers to large residential homes and neighborhoods, this guide will help fill you in on some of the innovative projects our city is experiencing. Find their article here: http://ny.curbed.com/archives/2015/04/28/a_guide_to_all_the_megaprojects_transforming_new_york_city.php

A-Rod

Alex Rodriguez recently accomplished what only 28 players in MLB history had done before him- achieve 3,000 hits. And he did it in style, by hitting a home run to right field. The Yankees honored his achievement by presenting him a beautiful ring. One of the most controversial figures in all of sports, Rodriguez has continued impressing in his incredible comeback season. Say what you want about his checkered past, but he has defied the odds this season by being one of the best hitters in baseball, and finds his team in the hunt for the playoffs because of it. If you would like to see a video about his most recent accomplishment, you can find it here: http://www.cbssports.com/mlb/eye-on-baseball/25300664/watch-yankees-hold-pregame-ceremony-for-a-rods-3000th-hit

Prices keep going up!

According to Crain’s New York, it’s become more expensive to rent an apartment in Queens than it is in Brooklyn. This is a first for NYC! Read more about it here:

http://www.crainsnewyork.com/article/20150813/BLOGS03/150819579/parts-of-queens-are-now-pricier-than-brooklyn

NYC AirTran / Jamaica, Queens

Travelers who have taken the AirTrain from Kennedy Airport into Manhattan have often been left with a poor first impression due to the transit hub in Jamaica, Queens. Recently,  some NYC developers are planning on changing that with a $300 million commercial real estate project that should help give the hub some much needed improvements. If you would like to read more about the project, find the New York Times article here:

http://www.nytimes.com/2015/07/22/realestate/commercial/developers-hope-to-change-the-face-of-jamaicas-transit-hub.html?ref=commercial

United Realty's New Additions to the Team!

I am proud to announce two of our most recent hires here at United Realty, Christina Hutchinson and Ari Shaiken. I am excited about what they are bringing to our team! Read more about it here: http://newyork.citybizlist.com/article/277931/united-realty-appoints-christina-hutchison-as-national-account-manager-ari-shaiken-as-assistant-vp-of-sales

Record Breaking Real Estate Year!

New York City’s real estate market is on pace to break a record this year with a projected $75 Billion in land and building sales by the end of 2015, according to Capital New York. The previous record was $62.2 Billion in 2007, right before the housing market burst. When you see these numbers, it suggests that developers are quite bullish. Not to be forgotten, Brooklyn is also seeing in increasing number of transactions compared to last year. There is a lot of exciting stuff happening in the Big Apple! If you would like to read more about this topic, find the original article here: http://www.capitalnewyork.com/article/city-hall/2015/07/8572558/hot-real-estate-market-pace-break-annual-record

Jacob Frydman / United Realty recently executed real estate deal

Very proud to announce United Realty’s latest acquisition! Check out more details here:

http://www.bizjournals.com/triad/news/2015/08/03/airline-call-center-in-triad-sold-to-ny-firm.html

Roosevelt Island

The New York Post recently wrote an article about a little hidden gem here in the city – Roosevelt Island. Just one subway stop from the Upper East Side yet secluded from the hustle and bustle on it’s own private island, this once forgotten strip of land is becoming a new spot here in Manhattan. If you would like to read the article, here is the link: http://nypost.com/2015/07/22/why-roosevelt-island-is-making-major-real-estate-waves/

Football Season!!!

The New York Giants training camp kicked off yesterday. Even though we had a disappointing season last year, there were a few shining spots on our team. Of course, rookie of the year and pro bowler Odell Beckham is the obvious. He took the league by storm last year after coming back from injury. It will be interesting to see what our offense will look like with him and Victor Cruz together. If we can get Jason Pierre Paul back from his injury then we could be a force in the NFC. Excited to see how the season plays out and happy to have football season back!

For anyone interested in seeing the most recent #commercialrealestate transactions in NY:

http://www.nytimes.com/2015/07/29/realestate/commercial/recent-commercial-real-estate-transactions.html?_r=0

$100 Million Dollar Homes

It was a record-breaking year in the ultra-luxury housing market. There were more 100 Million + homes sold in 2014 than in any other year! With much uncertainty around the world, ultra-wealthy investors have been purchasing these trophy properties a safe-haven investment. There are over 1,800 billionaires, many of whom come from countries with great political unrest and are thus eager to invest in ultra-luxury real estate in the United States. If you would like to read more about this topic, please check out this article. http://www.crainsnewyork.com/article/20150501/REAL_ESTATE/150509993/sales-of-100m-homes-set-a-record-in-2014

NYC Billboards

Some of New York City’s most famous streets might be losing some of their most recognizable features. According to The Real Deal, a new federal law has been put in to place which may jeopardize some of the largest and brightest billboards on Broadway and 7^th Ave. If you would like to read more about this topic, please check out this article: http://therealdeal.com/blog/2015/05/04/federal-act-endangers-giant-times-square-billboards/ 

Instagram in Real Estate

Instagram has become an amazing tool for marketing real estate here in New York. Some of the largest commercial real estate companies in the world have begun to use Instagram and other social media sites as their preferred method of branding. Adapting to the times and keeping up with the latest trends is a brilliant way for companies to continue growing and attracting a younger generation of real estate investors. All businesses, no matter field, should focus on continuously innovating and adapting. Find the original WSJ article here: http://www.wsj.com/articles/instagrams-role-in-commercial-real-estate-1430702819