Presented by MNS, the Third Quarter 2012 Manhattan New Development Market Report reveals an 11% increase in sales inventory and a solid 1% increase in total new development sales volume. Condominium sale prices are down 9% on a price-per-square-foot basis, and the median sales price in Manhattan is down 2% since the second quarter.
The New [...]
MNS announced that Virginia Incalcaterra and Robert Earl have joined the firm as associate brokers.
With over seven years of New York City-based real-estate experience, Virginia Incalcaterra specializes in assisting first-time buyers, renters and new development investors navigate the Manhattan market.
Prior to returning to MNS, Incalcaterra worked at Town Residential. She began her career at Citi [...]
Not-so-good morning, Manhattan renters! The second quarter rental market report from Prudential Douglas Elliman is out today, and the outlook for renters hoping the market might cool off again is grim. The median rental price is now $3,125/month, up 7.9 percent from last year’s $2,896/month. The year-over-year increase was the highest in five years, and [...]
The unseasonal weirdness of the Manhattan rental market continued in March, according to the latest monthly market report from MNS. Rents remained close to flat throughout the winter—going up 0.1 percent between February and March—instead of dropping as they usually do. Rents are up about 6 percentfrom this time last year. Breaking that down by [...]
Now that the last of the winter months has passed, it’s clear that — like temperatures — the Manhattan rental market never experienced its typical seasonal decline. According to a rental market report released today by brokerage MNS, rents ticked up 0.1 percent in March, following two months of similarly negligible declines. Overall, rents have [...]
Minor declines in average Brooklyn rents in February were in contrast to significant year-over-year rent increases, according to the latest report from the real estate services firm, MNS.
The February 2012 Brooklyn Rental Market Report shows a .39 percent decrease in rents between January and February, but year-over-year rents up roughly 5.23 percent.
Year-over-year studio rents actually [...]
Santorini, the new condo at 35-40 30th Street in Astoria, has reached over 50% sold.
“We’re very proud to have reached this sales milestone,” said Harold J. Valestin, Vice-President at MNS, the exclusive agent for the property.
“With a wide-range of condominium sizes still available, buyers still have plenty of options to choose from.”
Buyers can now choose [...]
BUSHWICK - One bedroom for one person? Think again.
Young singles in Bushwick are increasingly opting to share a one-bedroom apartment with another roommate, some realtors say.
As many as half of the Bushwick one bedrooms rented by one company, MNS Real Estate, are rented to two people who place makeshift partitions in the space, said the [...]
MNS announced that Mark J. Ripka has joined the firm as president, Brokerage Services.
He brings more than 20 years of experience in residential, commercial and retail real estate to his new position.
Ripka will work closely with the firm’s CEO, Andrew Barrocas, and other senior executives to shape the vision of the firm, expand its agents [...]
Downtown enjoys all the buzz these days, but there are plenty of compelling properties Uptown.
Harlem continues to offer great value to apartment seekers. At $750 per square foot, 2280 Frederick Douglass Boulevard is priced high for the uptown market, but is just right for the buyers who demand the building’s quality finishes and amenities. The 12-story building, [...]
