by Laura Matiz

In December 2014, I wrote about transit developments in "NYC Underground: New Transit Projects." There, I highlighted the 7 Line West Side Extension that will reach the Jacob Javitz Convention Center. The extension will also serve the new Hudson Yards Redevelopment Project, "the largest private real estate development in the history of the United States and the largest development in New York City since Rockefeller Center." This project is bound to open up and change Manhattan's far West Side. 

by Laura Matiz 

Next weekend begins Daylight Savings Time. On Sunday, March 8th, we spring forward one hour. This calendar event has been my reminder that we are about to begin the busy spring real estate season. For many, the longer days and warmer weather act as catalyst to begin searching for a new home. And, given the inclement weather this winter, there is likely a pent up interest awaiting for sunnier days. If you are getting ready to buy or sell your New York City property, here are some things to keep in mind: 

• Mortgage rates have ticked slightly upward this past month, but
• Mortgage interest continue to be at historically-low rates (3.75%, 30 yr-fixed) 
  
• The US economy is healthier than it has been for years
• Lenders remain demanding, but they are lending
  
• Prices remain strong because of low inventory in most markets
• New developments are mostly adding inventory to the high-end luxury market 
• Correctly-priced properties are selling quickly and usually at asking price.

If you are considering jumping into the market this spring make sure you review the following reports: 

• Manhattan Sales Report, 4QT 2014 (Douglas Elliman)
  
• Manhattan Decade Report, 2005-2014 (Douglas Elliman)
  
• Primary Mortgage Market Survey (FreddieMac)
  
• 12-Week Guide to Selling Your Home (Brick Underground, infographic)
  

I urge my former clients to please reach out to me for conversations on what has changed since our last transaction. For new clients, call me to help you think about whether this is the right time for you to jump into the real estate market. To learn more about me, read my bio on this site.

by Laura Matiz

Earlier I wrote about the changing NYC skyline, but possibly more monumental changes on the Manhattan island are occurring underground with three major transit construction projects underway that are sure to make a significant impact on nearby businesses and real estate. The three construction projects are the LIRR East Side Access, the Second Avenue Subway, and the 7 Line West Side Extension. Read on for quick summaries of each. 

by Laura Matiz 

News about futuristic designs in New York City bring out our skepticism, but when the Hudson River Park Trust and The Diller – Von Furstenberg Family Foundation officially announced a partnership to build a world-class public park and performance space on the site of the deteriorating Pier 54, the possibility became more bankable. It helps that Barry Diller and his wife Diana Von Furstenberg have pledged $130 million to build the park designed by British architect Thomas Heatherwick.

Here's a great article describing new developments in New York City from ny.curbed.com. These new efforts should help ease the lack of apartment inventory in the city. 

Especially useful is the map showing the locations of these new construction projects connected to detailed descriptions for each. 

Curbed.com: 21 New Developments Hitting the NYC Market This Fall

If you are interested in discussing these properties, please give the us a call.