Brick Underground
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Hamptons, North Fork markets hit 'warp speed' in the fourth quarter
January 28, 2021 - 09:30 AM
The number of sales doubled in the Hamptons and the North Fork in the fourth quarter of 2020—and on Long Island they were up 30.6, according to the latest Elliman Reports for the quarter and for the 2020 decade.
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Fool's gold? Prices drop on Trump NYC condos Read More
January 26, 2021 - 15:30 PM
Luxury buyers seemed to have voted with their wallets, shunning condos in Trump buildings in New York City. As a result, prices fell amid shrinking demand during the former president’s one-term in office.
A new report from real estate analytics firm UrbanDigs found that the average price per square foot in Trump-branded buildings have fallen since Trump took office from $2,065 in 2016 to $1,619 in 2020—a difference of $446. [Editor's note: A previous version of this post had the incorrect average price per square foot for 2016.]
The Brick Underground Podcast: How NYC closings work now with real estate attorney Daniel Gershburg
January 19, 2021 - 09:03 AM
What are some of the most significant changes to closings in NYC? How has Covid changed what buyers should look for when doing due diligence on a building? These are some of the issues explored in this episode of the podcast.
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Brooklyn and Queens sales bounced back in the fourth quarter, fueling record prices
January 14, 2021 - 12:30 PM
Brooklyn saw the most fourth-quarter sales in 13 years after two consecutive quarters in which sales fell by half year over year, according to the latest Elliman Report. Queens sales were up, not on a year-over-year basis, but compared to the previous quarter, which is significant considering the season.
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NYC lease signings spike in December, taking some pressure off landlords
January 14, 2021 - 10:30 AM
New leases rose sharply for the Manhattan, Brooklyn, and Queens rental markets in December, according to the latest Elliman Report. “For the third straight month, new lease signings rose to their highest level for the current month since the financial crisis,” says Jonathan Miller, president and CEO of appraisal firm Miller Samuel and author of the report.
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Facing eviction in NYC? Here's how you can get legal advice for free
December 29, 2020 - 13:30 PM
Free legal assistance is available for New Yorkers facing eviction—which in the coming months is expected to become a major crisis here with thousands of New Yorkers facing pending eviction warrants.
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