Posts featuring SOPHIE SMADBECK
NEWS
Explaining the New Rent Regulation Laws
Posted June 17th, 2019 by Richard Pretsfelder, Sophie Smadbeck
The New York State Legislature passed new rent regulation laws on Friday, prompting apprehension and questions within the industry. We want to keep... Read More
First Half of 2019 Closes with an Increase in Sales Activity
Posted June 5th, 2019 by Richard Pretsfelder, Sophie Smadbeck
While 2019 got off to a slow start both in terms of dollar volume and pricing, there were four sales in May, including the high sale of the year at... Read More
UPPER WEST SIDE
Upper West Side Bid-Ask Spread Quarterly Report - Q2 2019
Posted June 3rd, 2019 by Richard Pretsfelder, Sophie Smadbeck
The first two months of this quarter were characterized by an unusual spike in bid-ask spread, likely due to outliers in asking price on new... Read More
Inventory High, Pricing and Volume Down for UWS Townhouses
Posted May 13th, 2019 by Richard Pretsfelder, Sophie Smadbeck
Through April of 2019 the Upper West Side townhouse market has shown mixed results with the number of sales flat year over year and the price per... Read More
Cap Rates and Pricing for Upper West Side Multi-Family Townhouses
Posted April 23rd, 2019 by Richard Pretsfelder, Sophie Smadbeck
Given the nature of the current market, many investors are looking for higher cap rates on multi-family properties than they have in previous... Read More
UPPER WEST SIDE
Transaction Volume Steady, Pricing Down, Offers Up
Posted April 4th, 2019 by Richard Pretsfelder, Sophie Smadbeck
2019 got off to a slow start, but after several closings at the end of February/beginning of March, Q1 quarter-over-quarter transaction volume was... Read More
UPPER WEST SIDE
Sluggish Market Shows Signs of Life
Posted March 5th, 2019 by Richard Pretsfelder, Sophie Smadbeck
Sluggish sales volume continues to be the defining characteristic of the current Upper West Side townhouse market as the first two months of 2019... Read More
UPPER WEST SIDE
Upper West Side Bid-Ask Spread Quarterly Report - Q1 2019
Posted March 4th, 2019 by Richard Pretsfelder, Sophie Smadbeck
The bid-ask spread for Upper West Side townhouses hit a record low this month at 12.7%. The consistent tightening of the bid-ask spread over the... Read More
UPPER WEST SIDE
6 Upper West Side Restaurant Openings
Posted February 27th, 2019 by Richard Pretsfelder, Sophie Smadbeck
The Upper West Side has a some great new food options to look forward to this spring. See below for some of the most recent and highly anticipated... Read More
UPPER WEST SIDE
As Buyer Indecisiveness Continues, Sales Volume Lags
Posted February 13th, 2019 by Richard Pretsfelder, Sophie Smadbeck
There were 2 UWS townhouse sales in Jan. 2019, both under $10M, marking the second consecutive month - there was 1 sale in Dec. of 2018 - that... Read More