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/