Edition: U.S. / Global

Thursday, August 16, 2012

Real Estate

What I Did Last Weekend

Is the open house a useful selling tool or an obsolete waste of time? To find out, a reporter hits the open-house trail.

Major Investor in the Apthorp Cedes Its Day-to-Day Control

Africa Israel Properties and Developments USA will retain an ownership stake in the Upper West Side building, but the condo board and sales sponsor will be managed by another investor.

In a Slow New York Market, Brokers Expand Their Repertory

Traditionally residential agents are branching out to offer commercial deals, spurred by a still-sluggish market and an influx of foreign buyers.

The 30-Minute Interview

Justin Elghanayan

The president of the Rockrose Development Corporation calls teaching English in a Manhattan high school “the hardest thing I’ve ever done.”

The Appraisal

Stately Homes of a Five-and-Dime Store Founder

The surviving Woolworth houses in Glen Cove and Manhattan exist today in different states of grace; some are single-family homes, and one has been chopped into smaller co-ops.

The Hunt

Folding Up the Murphy Bed for Good

Stacy S. Kim and Kyle Okimoto and their two daughters had outgrown their one-bedroom so they went searching for an actual two-bedroom.

Living In

A Satellite With Great Views of Home Base

Long Island City, which has shed much of its grittiness and is now home to almost 30,000 people, has six subway lines just one stop from Midtown Manhattan.

Exclusive

The Market Is Speaking. It Says $95 Million.

A seller of a duplex penthouse at 50 Central Park South based his asking price on recent trophy sales in the $70 million-to-$80 million range.

Big Deal

The Rewards of Patience

Developments that were shelved during the financial crisis, like One Madison Park and 56 Leonard, are moving forward again.

City Room

Big Ticket | Sold for $32 Million

A pair of brick buildings are destined to be gut-renovated and reimagined as a 12,000-plus-square-foot grand residence.

On the Market in New York City

A West Village co-op, an Upper East Side co-op and a Park Slope condo.

On the Market in the Region

A six-bedroom colonial in Hastings-on-Hudson, N.Y., and a five-bedroom waterfront colonial in Bayville, N.Y.

Streetscapes | Marquees

No Need to Get Your Top Hat Wet

Glass-topped canopies were once the mark of a distinguished building.

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Mortgages

Closing Fees Ease Up

A report by Bankrate.com finds that mortgage closing fees have fallen 7 percent, on average, nationwide.

Q&A;

Helping a relative rent an apartment; plans to combine condo units; co-op tenant receives a maintenance bill.

In the Region | New Jersey

‘Best Of’ Lists for the Lifestyle Crowd

Coldwell Banker and Sotheby’s are using touchy-feely social criteria in ranking, categorizing and marketing places to live.

In the Region | Long Island

Beachfront, With Cessna Parking

A 37-acre tract that could be divided into six single-family lots, or, for the deep-pocketed, maintained as a personal landing strip.

In the Region | Westchester

Restored River a Boon to Yonkers

The uncovering of the Saw Mill River in downtown Yonkers has jump-started new development.

Slide Shows
Home for $1.5 Million

Properties in Massachusetts, Wyoming ands Texas.

On the Market in New York City

A West Village co-op, an Upper East Side co-op and a Park Slope condo.

On the Market in the Region

A six-bedroom colonial in Hastings-on-Hudson, N.Y., and a five-bedroom waterfront colonial in Bayville, N.Y.

Living In | Long Island City, Queens

Long Island City, which has shed much of its grittiness and is now home to almost 30,000 people, has six subway lines just one stop from Midtown Manhattan.

Graphic

Manhattan Market Data

Data provided by Miller Samuel, Inc. Real Estate Appraisers & Consultants
2nd Quarter, 2012 by Zip

Parse the market by price and size.

  • Read "Matrix," a blog by Jonathan Miller
Calculator
Is It Better to Buy or Rent?

Compare the cost of renting and buying equivalent homes.

House Proud

Scrap Mansion

John Archer wanted the house, in part, because he needed space for his piano.
Trent Bell for The New York Times

John Archer wanted the house, in part, because he needed space for his piano.

A one-man preservation society expands his house to fit all his salvage treasures.

The Cherished Remainders of a Luxe Life

Sotheby’s will auction treasures from two of Brooke Astor’s homes.

Skinny-Dipping in the City

Neighbors may not see you in an outdoor shower, but there are those traffic copters.

Shopping With Sara Story

Master of Suspense

Sara Story, an interior designer, likens a chandelier to “a piece of sculpture or jewelry” for a room that also happens to provide illumination and ambience.

Market Ready

Would a fully equipped outdoor kitchen with appliances increase the resale value of my house?

Q&A;

Even Turtles Need a Nice Place to Call Home

A turtle pond installed by the popular children’s book author Jan Brett has apparently attracted at least one resident, not to mention a giant bullfrog.

Furniture

No House Training Needed

A new seating collection, designed by Owen Chuang and Cloud Lu of BiAugust, takes the form of a menagerie.

Events

In Connecticut, a Convergence of Green Thumbs

Sponsored by Hollister House Garden and the Garden Conservancy, the event will bring together master landscape designers of the Northeast.

iPhone App

The New York Times Real Estate App

A recently updated, free app offering in-depth property search tools and mobile features to help you navigate the real estate market.

Vacation Rentals

Search over 80,000 vacation rental listings, from New York City to the Caribbean to Europe.

Featured Properties

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300 County Road 470, Englewood

Smoke Creek features towering landforms ...

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