Real Estate News - ALL ISLAND VALUATION SERVICES, LLC

2/10/2012 5:30 PM

[Updated at 8:51 p.m. with comment from Argo] Keller Williams NYC has hired Zhann Jochinke to oversee the brokerage’s day-to-day operations as COO, the firm said. Jochinke joined the Keller Williams NYC in December, but his hiring was kept under wraps due to unspecified “complications” with his previous firm, Argo Residential. He ...Read More

Top residential agents of the week

2/10/2012 5:00 PM

2/10/2012 4:30 PM

A four-story Renaissance Revival-style mansion at 249 Central Park West and 85th Street, which hit the market last September for $30 million and chopped its price to $26 million two months later, is now available as a rental, Curbed reported. The 10,000-square-foot property, which features coffered ceilings, a paneled dining room, and Tiffany-era s...Read More

More than 2,000 protest school decision, The Donald is not happy about wind farms that could interfere with his Scottish golf development … and more

2/10/2012 4:00 PM

2/10/2012 3:30 PM

The General Theological Seminary, an episcopal seminary in Chelsea, has sold another building to the Brodsky Organization, Curbed reported. The religious organization has been in the process of selling a number of buildings to the developer to convert to luxury condominiums since 2010, when it encountered financial trouble. The seminary just sold 4...Read More

Ultra-luxury NYC home prices skyrocket, while lower end remains stagnant

2/10/2012 3:00 PM

The lower end of the Manhattan residential market is lagging behind the soaring luxury market, the New York Times reported. “There is a greater disconnect between the very top of the market and everything else than I have ever seen in my 25 years in the business,” said Jonathan Miller, president of the appraisal firm Miller Samuel. B...Read More

Get your 2012 Data Book hot off the press

2/10/2012 2:30 PM

The day has finally come! The Real Deal‘s 2012 annual Data Book, the must-have book of real estate-related statistics and facts, is now available to order. The Data Book, which covers residential and commercial real estate as well as new development, includes lists of the city’s top residential and commercial boutique brokerages, a rank...Read More

More agents adding concessions to home sales packages in NJ

2/10/2012 2:00 PM

In New Jersey, as the housing market tumbles further, landlords are increasingly giving concessions in addition to lowering asking prices, the New York Times reported. Such concessions often include things like covering closing costs or taxes or paying in advance for renovations. And when the concessions are in the contract they can often be used i...Read More

Shapot Team leaves Elliman for Keller Williams

2/10/2012 1:30 PM

From the February issue: Veteran broker Michael Shapot, along with a team of six agents, has moved from Prudential Douglas Elliman to the year-old residential brokerage Keller Williams NYC. Shapot brought six members of the Michael Shapot Team to Keller Williams’s new 425 Park Avenue location: Luis Vazquez, Carson Alexander, Ying Li-Oshrin, Ji...Read More

Foreclosure settlement could hurt real estate

2/10/2012 1:00 PM

The foreclosure settlement reached yesterday between 49 state attorneys general and the five largest mortgage servicers could result in a wave of foreclosures that would temporarily depress the American housing market even further, Bloomberg News reported. Banks had waited until an agreement was pounded out to proceed with many foreclosures, Bloomb...Read More