Since the first Manhattan condo was launched in 1965, nearly 3,000 condos have been developed with 115,000 units. Before condos, though, Manhattan was filled up with co-ops. You might expect that condo sales would have...
Author - Marketproof
Walker Tower: A Story From Every Angle
Everything is a story at Walker Tower – the prices, the residences, and the headlines. The building was developed by JDS Development Group and is located in Chelsea at 212 West 18th Street. Contracts were signed between...
A Condo Offering Plan: All You Need to Know
A condo offering plan is a disclosure document that lays out the terms under which a sponsor, that is, the owner of the property, can sell you a condo (or parking space or storage bin). Attorneys who specialize in this...
Bulk condo buying strategies, explained
Bulk condo buying strategies evolve over the life cycle of a new condo development. As the developer sells more units, they face different incentives when it comes to negotiating with buyers. In this article, we outline...
Secret Condos: Finding the Next $250M Penthouse
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...
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...
Verified NYC New Development Property Information and Offering Prices
One of the ways in which Marketproof New Development stays on top of the market is by providing customers with complete and up-to-date offering plan information. This provides visibility into all inventory on 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...
