Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
  • 4
Brooklyn home prices hit record highs; Condos are up 23%
Topic Started: 13 Jan 2017, 07:16 PM (3,941 Views)
Bardon
Default APF Avatar


$540,701,000,000: U.S. Property Taxes Hit Record in 2016

(CNSNews.com) - Americans paid a record $540,701,000,000 in property taxes to state and local governments in fiscal 2016, according to the U.S. Census Bureau.

That was up $16,748,620,000—or about 3.2 percent--from $523,952,380,000 in property taxes (in constant 2016 dollars) that state and local governments collected in fiscal 2015.

Posted Image

http://www.cnsnews.com/news/article/540701000000-us-property-taxes-hit-record-2016
Profile "REPLY WITH QUOTE" Go to top
 
Tommy
Default APF Avatar


Bardon
17 Apr 2017, 08:01 PM
Already synchronised for 2026.
So 18 months now 9 years hahaha
Profile "REPLY WITH QUOTE" Go to top
 
Bardon
Default APF Avatar


Tommy
17 Apr 2017, 08:55 PM
So 18 months now 9 years hahaha
Years not months, deary me....

Posted Image
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Bardon
17 Apr 2017, 08:59 PM
Years not months, deary me....

Posted Image
So how longs that Business Cycle again?
Edited by Simon_S, 17 Apr 2017, 09:10 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Bardon
Default APF Avatar


Kushner Companies sells swanky Brooklyn townhouse for record sum

A Brooklyn townhouse at 27 Monroe Place developed by Kushner Companies — where presidential son-in-law Jared Kushner was CEO until he resigned in January — has sold for $12.9 million, Gimme Shelter has learned.

That makes it the second most expensive home to sell in the borough this year, according to city property records.

The Brooklyn Heights home — which sparked the interest of Matt Damon’s wife Luciana Barroso, who did not end up buying it — was originally asking $16 million.

In 2014, Kushner Companies bought the townhouse for $7.41 million from Brooklyn Law School.

kushner townhouse streetviewExpand / Contract
The red-brick townhouse, developed by Kushner Companies, just sold for a record amount. (Google Street View)
Built in 1844, the five-story home is 25 feet wide and 7,000 square feet (total). It comes with five bedrooms, six bathrooms and three powder rooms — along with an elevator, radiant-heated floors and a chef’s kitchen with a dumbwaiter to the parlor floor butler’s pantry.

The listing brokers were Leslie Marshall and James Cornell of the Corcoran Group.

Brooklyn’s priciest sale of the year (and the most expensive apartment ever sold in the borough) occurred at 1 Main St. in Dumbo in March. Its Clock Tower triplex penthouse finally sold for $15 million to Colombian art dealer Lio Malca.

http://www.foxnews.com/real-estate/2017/05/04/kushner-companies-sells-swanky-brooklyn-townhouse-for-record-sum.html
Profile "REPLY WITH QUOTE" Go to top
 
Chris
Default APF Avatar


How's iron ore travelling boom boom Barfon?
Profile "REPLY WITH QUOTE" Go to top
 
Bardon
Default APF Avatar


Record demand for industrial real estate on Long Island

Rental prices and demand for industrial real estate on Long Island are the highest they have ever been, real estate brokers, analysts and developers say.

Amid improving economic conditions, growth in e-commerce and demand for space from New York City businesses moving east, rental prices for Long Island warehouses and factory buildings have reached records, and sales prices are high as well.

Rent averaged $11.55 per square foot in the first quarter, and the median sales price this year was about $100 per square foot, according to CoStar Group, a commercial real estate analytics company.

“We’re at the highest it’s been historically,” said Phil Shwom, president of Schacker Real Estate Corp. in Melville.

In some cases, older industrial properties are selling for more than high-end offices, “an incredible phenomenon,” Shwom said.

The demand — and a short supply of industrial space — have led developers and companies to make decisions that buck established trends.

http://www.newsday.com/business/record-demand-for-industrial-real-estate-on-long-island-1.13741256
Profile "REPLY WITH QUOTE" Go to top
 
Bardon
Default APF Avatar


Record-breaking real estate sale on 18th Avenue in Bensonhurst

Posted Image

A property on 18th Avenue at 67th Street has sold for the record-breaking amount of $6,700,000.

The sale was announced on July 20 by Marcus & Millichap, a local real estate group. The purchaser is the Lam Group.

The 8,615-square-foot, five-tenant, single-story retail property at 6701 18th Avenue sold for $778 per square foot, a record price for this asset class on 18th Avenue.

The offer by the Lam Group, a real estate investment conglomerate founded by Chinese immigrants that owns commercial, mixed-use and hotel properties in Manhattan and Brooklyn, beat out 20 other offers, according to Michael Cimino, Marcus & Millichap real estate salesperson. He said the sale is part of a trend.

“This sale represents the main trend on this section of 18th Avenue which is that Chinese buyers are buying anything they can in the area and are paying very aggressive numbers, much higher than the rest of the local investment community,” said Cimino in an email.

This trend is real estate is no surprise as the Chinese population in the area grows. According to census data, the Chinese population in Brooklyn increased to 128,000 from 86,000, a 49 percent increase from 2000 to 2013. According to the city’s “Newest New Yorkers” report, Bensonhurst has the largest population of mainland Chinese immigrants in the city, beating out Sunset Park, Flushing and Manhattan.

The strip currently houses Apple Bank, Fabco Shoes, AT&T, a grocery store and a liquor store. According to Cimino, the face of the property won’t change soon as leases will remain in place for all tenants for at least the next five to eight years. The building is located in an R5 zone in which buildings with 30-foot-high street walls (and maximum 40-foot height with setback) are as of right. It does not have any air rights.

http://brooklynreporter.com/story/record-breaking-real-estate-sale-18th-avenue-bensonhurst/
Profile "REPLY WITH QUOTE" Go to top
 
Dean.Collins
Default APF Avatar

Bardon
5 May 2017, 09:00 PM
Kushner Companies sells swanky Brooklyn townhouse for record sum

A Brooklyn townhouse at 27 Monroe Place developed by Kushner Companies — where presidential son-in-law Jared Kushner was CEO until he resigned in January — has sold for $12.9 million, Gimme Shelter has learned.

That makes it the second most expensive home to sell in the borough this year, according to city property records.

The Brooklyn Heights home — which sparked the interest of Matt Damon’s wife Luciana Barroso, who did not end up buying it — was originally asking $16 million.

In 2014, Kushner Companies bought the townhouse for $7.41 million from Brooklyn Law School.

kushner townhouse streetviewExpand / Contract
The red-brick townhouse, developed by Kushner Companies, just sold for a record amount. (Google Street View)
Built in 1844, the five-story home is 25 feet wide and 7,000 square feet (total). It comes with five bedrooms, six bathrooms and three powder rooms — along with an elevator, radiant-heated floors and a chef’s kitchen with a dumbwaiter to the parlor floor butler’s pantry.

The listing brokers were Leslie Marshall and James Cornell of the Corcoran Group.

Brooklyn’s priciest sale of the year (and the most expensive apartment ever sold in the borough) occurred at 1 Main St. in Dumbo in March. Its Clock Tower triplex penthouse finally sold for $15 million to Colombian art dealer Lio Malca.

http://www.foxnews.com/real-estate/2017/05/04/kushner-companies-sells-swanky-brooklyn-townhouse-for-record-sum.html
Hey Bardon,

I'm assuming you have either invested here in the USA OR live here but curious as you keep missing a whole heap of points.

Eg YES Kushner sold the Monroe St property but for $3m less than they were asking for it - lol don't get me wrong they made a profit.....but they spent over 2 years doing a full gut renovation and after dropping the price from $16m to $13m I cant imagine they were happy with the result.

The irony though....is the new owners have had contractors in there working for the last 3 months........ (My apartment on Henry St looks onto this building- you can see my deck furniture in one of their marketing photos).

Your other post about the Clocktower in Dumbo is another "gloss over" eg yes it did sell for $15m BUT it was on the market for $25m (and didn't sell for 7 years or so).

Like i said I'm curious why you keep posting about Brooklyn in APF?
Profile "REPLY WITH QUOTE" Go to top
 
Bardon
Default APF Avatar


Not missing anything here, the sales price is what it is and the articles themselves tell you previous sales price and time on market etc. Yes I did live in Bay Ridge and Lower East Side a very long time ago and have invested in New York real estate in the past and I tracked the price inflation last time around, just doing the same again.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Free Forums. Reliable service with over 8 years of experience.
Learn More · Register for Free
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2
  • 4



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy