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Landmarks Preservation Commission Makes a Positive Decision on the designation of Buildings in Manhattan’s Tin Pan Alley

by admin | Feb 3, 2020 | Uncategorized

Tin Pan Alley The Landmarks Preservation Commission (LPC) has designated five buildings in the area known as Tin Pan Alley on 28th Street in Manhattan. The buildings are considered significant and the birthplace of popular music and was named to describe the audible...

December Pending Home Sales Drops Close to 5% with the South having the biggest drop

by admin | Jan 30, 2020 | Uncategorized

The National Association of Realtors (NAR) released their December 2019 pending home sales report. The report indicates that pending home sales dropped 4.9% nationally. The South region saw the most significant drop with their being of dip of 5.5% from a month...

NYC Bank Executive Disputes Loss of value on Multi-Family Buildings Due to Rent Reform; sees No Changes in Lending for Company

by admin | Jan 29, 2020 | Uncategorized

Despite recent news that banks such as Signature Bank will “rein in” loans in the mult-family sector, New York Community Bank (NYCB) CEO and President Joseph Ficalora doesn’t seem much change in value in the sector. Many believe that the rent reform...

Brooklyn Market Report for Sales in Fourth Quarter in Brooklyn Shows Inventory Up yet Transactions Down

by admin | Jan 24, 2020 | Uncategorized

The Corcoran Group recently released their Fourth Quarter Market Report for Brooklyn. The report indicates that although there has been more inventory available in the borough, transactions are down 10 year over year for the period. On the neighborhood front, the area...

Smaller NYC Landlords Are Looking to Sell Due to Rent Reform Laws and Rezoning

by admin | Jan 17, 2020 | Uncategorized

A new article from the Commercial Observer is shedding light on the ramifications of the rent reform laws on smaller landlords. The loss of significant equity due to rezoning is making smaller landlords want to leave the market as the changes have wreaked havoc on...
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