New York, NY

This is a blog about the condominium and loft market in New York, NY. Find news, reviews and info about New York City Condos.

There are currently 6 blog entries related to this category.

high-rises fireworks

Written by Brian Enright

Millions of Americans love watching fireworks on the 4th and New Years Eve.  In fact we like them so much that we pile in the car, sit in the heat for hours to get a good spot and then suffer the traffic to get back home.  What if you could just step out onto your terrace for the best view?  Then when it's over and everyone else has to schlep back to their car you just step inside for another glass of wine.  If that sounds like a good way to enjoy the show then take a look at the list below.  We asked each Highrises.com partner agent and high-rise specialist which buildings have the best fireworks views.   Consider a condo in these buildings if you like to entertain on holidays.  OR find a friend who lives in one of them...

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Are you thinking about putting your condo on one of the many vacation rental sites like AirBNB but not certain if your HOA allows it?  Here are some steps to help you navigate the process of renting out your condo for a short term vacation rental and avoiding personal liability.Airbnb Logo

CITY RESTRICTIONS

The first step is to look at the laws that your city has regarding short term rentals.  Many cities have restrictions on short term rentals (typically less than 30 days) that if not followed can lead you to penalties and fines.  You can easily check to see what your regulations are by doing a Google search with your city name and the key words “short-term rental regulation”.  There have been hotel and zoning laws enacted by your city far before the AirBNB

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The USUThis is one of our new favorite things!  The USU was created for urban dwellers, and is especially useful for high-rise residents as it provides much-needed storage space right in your parking space.  USU launched in Austin, TX, where they have hundreds of units in buildings throughout the city.  Because of the demand USU has expanded and can now ship and set up their storage units throughout the United States.  If you could use about 60 cubic feet of extra storage give them a call at 512-981-5735 or visit the USU website.  They even provide "white glove" delivery and set up right in your parking space.  Click here to see their brochure.

 

USU with CarUSU with content

 Loaded up USU

www.TheUSU.com

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We have great news in the United States real estate market today.  Last month, in November, foreclosures are down 37% when compared with one year ago’s market in November 2012.  This exciting data released from RealtyTrac showed that in just one month (October 3013-November 2013) the number of foreclosures are down 15% to a total of 113,454 homes reporting foreclosures in November 2013.  This brings the number of foreclosures the lowest they have been since August 2006.  The foreclosures include bank repossessions, scheduled auctions and notices for default.  

According to the US Census, privately owned housing building permits are up 13.9% in October 2013 when compared with the years previous permits in October 2012.  Also, in the third quarter prices

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A new start-up, Clean Cube, might be replacing the doorman.  Clean cube is saving time for residents in high-rise buildings by providing lockers to drop off and pick up laundry and dry cleaning.  The system is high tech and includes a touch screen and QR codes used to track of your order.  When users drop off clothes, a Clean Cube employee dressed in a tux t-shirt picks up the clothes and returns them in 24 to 48 hours.  Founder Arthur Shmulevsky created this business inspired by his own frustration with not having the time to drop off his dry cleaning during their business hours.  

Shmulevsky compares Clean Cube to a “digital doorman” and is looking to expand into new areas.  Clean cube also can pick up donations, will deliver them to Goodwill and

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One of the ways to follow the real estate market is the Case-Shiller Index.  This is very helpful, however only accounts for single family homes.  Because Highrises.com focuses on Condos and Lofts for sale across the US, we follow the Condo Index which is a less known value indicator for multifamily living.  S&P Dow Jones released a report today that shows how the market has changed over the last 18 years.  The cities they have followed condo prices in five major US cities since 1995 including: San Francisco, Chicago, New York, Boston and Los Angeles.  


Back in 1995, the seasonally adjusted condo index hovered between 50 and 100 and reached a peak of nearly 150-300 in 2006.  Los Angeles was the highest value at 285 in 2006 following the trend of the

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