CityRealty Insider > NYC Real Estate Roundup

NYC Real Estate Roundup

MARCH 27, 2012

NYC a hotspot for international buyers NYC condos for international buyers.
A recent report by Inman News titled “Global Spots for Home-Buyers” identified 10 U.S. markets where foreign buyers made up the biggest share of overall buyers. Manhattan came in at number seven and was the only area in the Northeast on the list. New York City's cultural offerings and lifestyle must outweigh its weather--all the other spots on the list were sunny ones: six in Florida and one each in Arizona, Nevada and Hawaii (InmanNews).

Co-ops were tops in ‘11
2011 was a good year for pricey Manhattan co-ops. The total number of transactions for co-ops priced at $5 million-plus increased 23.2% over 2010, and the average sales price inched up by 3.4% to $9.7 million (TheRealDeal).

Bond sellout
The last remaining sponsor unit at the seven-unit, 10-story condo building at 41 Bond Street in NoHo has been sold. The townhouse duplex was purchased for $5.1 million by the building’s developer, DDG Partners. The firm will convert the 3,600 square feet of raw space (the unit also comes with a private 2,000 square-foot backyard) into a three-bedroom, 3.5 bath apartment (TheRealDeal). "The refined building in a bluestone suit at 41 Bond Street in NoHo is the latest addition to one of the city’s most spectacular blocks," says CityRealty's Carter B. Horsley.

ALSO IN NEW YORK CITY INSIDER

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