Interesting Numbers On New York Real Estate
Found some interesting numbers quoted on the Pos, regarding the cost of doing business in New York. The headline they went with was, GO FIGURE! ARE NYC PRICES GOING CRAZY? YOU BETTER BELIZE IT!
All this, with the latest forcast for overall housing prices to drop in late 2007 across the United States. I suppose there are some areas where real estate is somewhat immune from fluctuation, and New York is one of those places.
Some of the numbers below are not directly related to NYC real estate, but they either show the trend, or add a little humor into the fray. Interesting number on how much real estate work you can do when you’re serving 33 1/3 years in jail.
Enjoy!
$7.25 million =
Going price for the most expensive of One Brooklyn Bridge Park’s 26 penthouse units, making it Brooklyn’s all-time priciest condo
$3.8 million =
The borough’s previous record, paid this past January for a penthouse in Williamsburg’s Aurora building
45 =
Stories slated for Donald Trump’s planned condo-hotel in SoHo
12 =
Months it took for The Donald’s controversial project to finally get approval
$1,550 =
Rent for a one-bedroom loft in Bushwick advertised - without apparent irony - as “punk rock heaven”
$1 =
Amount residents at the former punk squat C-Spot paid to purchase their East Village building five years ago
40,000 =
Square feet in Brownsville and East New York set aside by the city to be used as community farms
33 1/3 =
Minimum number of years drug dealer Alejandro Lopez-Guevara was sentenced to serve in prison following his 1988 conviction
$1.775 million =
Sum of the real-estate deals Lopez-Guevara has pulled off from behind bars
7 1/2 =
Percentage a rent-stabilized apartment could increase on a two-year lease
$1.2 billion =
Entire 2006 gross domestic product of Belize
$2.4 billion =
Value of residential listings held by Prudential Douglas Elliman, according to a survey by The Real Deal
$940 million =
Price that Urban American Management and the City Investment Fund paid for nearly 4,000 units in former Mitchell-Lama buildings in Harlem, making it the second-biggest real-estate deal in NYC history
34 =
Percentage of Mitchell-Lama’s original 105,000 apartments that were moved out of the program between 1990 and 2005
750 =
Number of calculators Halstead Property is donating to Harlem public schools
[Source NY Post]
New York City real estate is a little on the expensive side, you might say. Therefore, real estate in New York NY, is prime for those desiring a solid financial investment.
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