theawl

theawl:

thecorcorangroup10amspecial:

March 29, 2013 – Magnificent Free-Standing Mansion

351 Riverside Drive
Upper West Side, Manhattan
$13,500,000 | 12 Bedrooms | 11 Bathrooms | Approx. 12,000 sq. ft.

This magnificent mansion, built in 1909 by William Tuthill, the architect who designed Carnegie Hall, is currently the only free-standing single-family mansion in Manhattan. Commissioned by Morris Schinasi, a Turkish tobacco baron, the Schinasi Mansion is an exquisite French Renaissance jewel box executed in pristine white marble, boasting deep green roof tiles and bronze grills on the balconies and at the main entrance. The building is 41’ wide and 73’ deep, surrounded by private grounds, and located on a corner lot overlooking the Hudson River.

For more information about today’s 10am Special, please visit corcoran.com.

lol but come on how would you ever find your cats.

Sure, $13.5 million SOUNDS like a lot, but considering the asking price was $31 million in 2006, it’s a pretty damn good deal. If you’re in the position to put 20 percent down, your monthly payments would work out to just around $51,305. Please tell your friends!

embeedub

embeedub:

On Friday, the New York Times ran a classically tunnel visioned New York Times feature, about what it means to be middle class in Manhattan. The Times would have you believe that to live in the Apple, you’re going to need about $235K a year to just hit that modest goal.

If you are defining…

Trenchant. What makes the NYT article that she cites even more problematic is that ran in the Real Estate section, where the emphasis is on upmarket, and there’s little journalistic examination of how the other 90 percent live. A real blind spot for the paper of record.

Changes in Kings County Real Estate prices from 2004 to 2012, ie., Gentrification in Brooklyn
Courtesy of Property Shark, we have this handy interactive map of Brooklyn real estate values — specifically, how much more expensive neighborhoods have become over the last 8 years. At the top end:
Williamsburg is up 174%
Fort Greene, Gowanus and Prospect Leffert Gardens are all in the 50-plus % range.
Greenpoint up by 47%
All the gentrification hype of the last decade shouldn’t obscure the fact that some parts of Brooklyn have declined in real estate values. Namely:
Cypress Hills, down 30%
Brownsville, down 12%
East Flatbush, down 22%
Fort Hamilton, down 19%
If you compare the swathes of pink/red to the big patches of grey, it’s hard not to come away with the sense that most of Brooklyn is just creeping along.
Visit Property Shark’s original map to zoom in on neighborhoods.

Changes in Kings County Real Estate prices from 2004 to 2012, ie., Gentrification in Brooklyn

Courtesy of Property Shark, we have this handy interactive map of Brooklyn real estate values — specifically, how much more expensive neighborhoods have become over the last 8 years. At the top end:

  • Williamsburg is up 174%
  • Fort Greene, Gowanus and Prospect Leffert Gardens are all in the 50-plus % range.
  • Greenpoint up by 47%

All the gentrification hype of the last decade shouldn’t obscure the fact that some parts of Brooklyn have declined in real estate values. Namely:

  • Cypress Hills, down 30%
  • Brownsville, down 12%
  • East Flatbush, down 22%
  • Fort Hamilton, down 19%

If you compare the swathes of pink/red to the big patches of grey, it’s hard not to come away with the sense that most of Brooklyn is just creeping along.

Visit Property Shark’s original map to zoom in on neighborhoods.