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Flatiron District Mix-Use Tower Nearing Completion
Plans at 7 West 21st Street for the 18-story mixed-use tower is nearing completion. Developers Friedland Properties and architect Morris Adjmi teamed up with Stephen B. Jacobs for the project.
10 Apartment Buildings with the Best Views of Manhattan
New York City is never short on breath-taking views. But what if you could see those views from the windows of your bedroom? We compiled a list (in no particular order!) of apartments with views that are second to none.
Rental Market Trends: Coast vs Coast
New York City and San Francisco have highly competetive and very different rental scenes.
NYC Rental Market Grows Amid Demographic Shifts
A new study printed in the New York Times finds that despite the decrease in mortgages rates – along with high rents – hasn't actually persuaded renters to start buying. According to a study of real estate investment trusts (REITs), only 14.7 percent of tenants that moved out in the fourth quarter of 2014 did so with the intention of buying a home. That number has been in the 14 percent range since 2012, and just hasn’t moved, according to David Guarino, a research analyst for John Burns Real Estate Consulting in Irvine, California.
Resourceful and Entrepreneurial Millennials Look to Rentals
It seems that buying is no longer the best option....or that’s what Millennials in Manhattan seem to think. While many young professionals in New York can afford to put a down payment on a six-figure apartment, they are choosing to rent instead. According to the Observer, “With their increasingly mobile jobs and lifestyles successful New Yorkers in their 20s and 30s are shying away from making a commitment to one city, let alone one apartment. And despite Manhattan’s astronomical rents, it’s costlier still to buy here with the average Manhattan apartment now going for $1.73 million, a record high.”
The Tiny Evolution: Micro-Apartments
The rental market in Manhattan has been on the rise, and is projected to increase phenomenally through 2016. New York is on an ever-impossible quest to meet the demand for more spaces. This has left developers looking for innovative new ways to house the increasing population of singles. Enter My Micro NY, the city’s first micro apartment complex, located at 355 East 27th Street in Brooklyn, with 55 units ranging from 260 to 360 square feet. This building will be leasing its studios this summer for a mere $2,000 to $3,000 a month.
New York City Tops Most Livable
New York City has been ranked as the country’s most “livable” city for people under 35, surpassing 100 of the most populous cities in the country, according to Vocativ’s 2014 “Livability Index.” The city stole the trophy from last year’s holder: Portland.