Manhattan’s trophy condo towers have secret penthouses that aren’t for sale… at least not yet because they need to be priced. Could there be another mansion hiding in the clouds that’s worth $250M...
Latest Posts
Yes, There is an NYC Super’s Unit Valued at $8M
Want a golden ticket to Billionaire’s Row? Become a building super. With intense competition for the best supers, NYC’s most luxurious new condos have units for live-in supers that are prime real estate. The...
What Does a Condo’s Super Do?
In a condominium, a building super, also known as the Resident Manager, is responsible for overseeing the maintenance and operations of the building. Their specific duties can vary depending on the size and needs of the...
NYC Real Estate Books: Liar’s Ball – The Story of NYC’s GM Building
“Liar’s Ball” is a non-fiction book by Vicky Ward that tells the story of the sale of the iconic New York City building, the General Motors (GM) Building, in 2008. The book provides an in-depth look...
CRE Financing: What are the typical components of a capital structure?
In commercial real estate, the typical levels in a capital structure include senior debt, mezzanine financing, and equity financing. Senior Debt Senior debt is the primary form of financing in commercial real estate and...
NYC Rental Market Reporting: A Conversation with Jonathan Miller
Kael Goodman (Marketproof) and Jonathan Miller (Miller Samuel) discuss Jonathan’s NYC rental market reports, including how they are made and distributed and what they are telling us about the ever-tight and...
CRE Basics: What are the key concepts and formulas?
Several formulas are used in commercial real estate (CRE) analysis to evaluate the financial performance of properties and determine their potential return on investment. Some of the most important ones include: Net...
CRE Basics: Calculate Internal Rate of Return (IRR)
Internal Rate of Return (IRR) is a commonly used metric in commercial real estate (CRE) investment analysis to measure the profitability of a real estate investment. IRR represents the annualized rate of return for a...
CRE Basics: Calculate Net Operating Income (NOI)
Net Operating Income (NOI) is a key metric used in commercial real estate (CRE) investment analysis to measure the amount of money a property generates after operating expenses have been deducted. It measures the...
CRE Basics: Calculate Cap Rate
The capitalization (cap) rate measures the expected rate of return on an investment property, expressed as a percentage of the property’s value. The cap rate is often used by real estate investors to evaluate...
CRE Basics: Calculate Rental Yield
Rental yield measures the return on investment you can expect from a rental property. To calculate it, you need to determine the property’s annual rental income and divide it by the property’s value or...
Housing Manhattanites: A Report on Where and How to Build the Housing We Need
Executive Summary This report, Housing Manhattanites, seeks to answer a critical question: Where in our borough can we build the housing that Manhattanites so desperately need? The Housing Emergency The unmet need for...
