Stellar Management, one of New York City’s premier owners and operators of residential and commercial real estate, announced on Jan. 19 that it has closed on its acquisition of The Paris New York for $146 million.
Benefitting from rising housing prices in New York City, sales in Westchester County hit a new, 34-year high, according to a new report from analysts at Douglas Elliman, a real estate market analysis firm.
The latest FNC Residential Price Index (RPI) shows New York City housing prices dipping a minor 0.9 percent this past November from October, but over an 11-month period — January through November 2015 — NYC housing prices rose nearly five percent.
Depending on Location, Queens is experiencing mixed real estate price growth from rentals to condo sales, according to Modern Spaces’s Orange Report, a quarterly market report on New York City real estate.
New York City has been listed among the top 10 in JLL’s latest “most dynamic cities” report that was released on Tuesday, Jan. 16.
Douglas Elliman analysts report mixed news for Brooklyn landlords and rental agents and not great news for the same in Queens as we head into the end of the first month of 2016.