In my past postings, I???ve written on how the bestManhattandevelopment sites are now achieving over $650/BSF. With cond... » Read more
Posted by James Nelson on Feb 2, 2012 - Comment • LikeHUDnow offers a sales incentive program in certain high-foreclosure rate areas aimed at putting foreclosed homes back in... » Read more
Posted by James Nelson on Jan 26, 2012 - Comment • LikeIt should be obvious that properties which are in great condition sell
for more than those in need of repair, but by... » Read more
Posted by James Nelson on Jan 19, 2012 - Comment • LikeIn the late 1990s,West Chelsea property values were less than a tenth
of what they are today. The game changer for t... » Read more
Posted by James Nelson on Jan 13, 2012 - Comment • Like
The Interim Multiple Dwelling program has been in existence since 1982.
The program was created to protect thos... » Read more
Posted by James Nelson on Jan 5, 2012 - Comment • LikeAt the start of the year, my firm announced the launch of our new retail
leasing division. Executive Vice Pres... » Read more
Posted by James Nelson on Dec 22, 2011 - Comment • LikeA few weeks ago, I gave thanks for the NYC condo market which has helped
fuel the recovery of the investment sales m... » Read more
Posted by James Nelson on Dec 15, 2011 - Comment • LikeAlthough NYC s waterfront properties might not look out onto crystal
blue waters, we ve come a long way. Bloomberg s... » Read more
Posted by James Nelson on Dec 8, 2011 - Comment • LikeI am amazed to see that the most expensive Clinton townhouse conversion sold
for only $4,350,000. This double wide h... » Read more
Posted by James Nelson on Dec 1, 2011 - Comment • Like...Manhattan land can come at a hefty price tag which begs the questions:
where can the average investor look to buy... » Read more
Posted by James Nelson on Nov 17, 2011 - Comment • LikeAs I ve pointed out in previous posts, I like to show the drastic
difference in property values throughout NYC. Some... » Read more
Posted by James Nelson on Nov 10, 2011 - Comment • Like3050 Perry Avenue, an elevatored apartment building in theBronx,
recently sold for $3,700,000, which is $100,000 per... » Read more
Posted by James Nelson on Nov 3, 2011 - Comment • LikeEven though hotel construction financing is still difficult to obtain,
large scale Manhattan hotel development sites... » Read more
Posted by James Nelson on Oct 27, 2011 - Comment • LikeThere has
been a lot of talk over the last few years about demand from foreign
buyers. There is no doubt that we... » Read more
Posted by James Nelson on Oct 20, 2011 - Comment • LikeLast week, I wrote about a trend prevalent during 2005-2007 the condo
conversion of mostly rent regulated apartmen... » Read more
Posted by James Nelson on Oct 13, 2011 - Comment • LikeIn the condo conversion craze of 2005-2007, it seemed like everything and anything was converted to condominiums.
Re... » Read more
Posted by James Nelson on Oct 6, 2011 - Comment • LikeWhen a lender first called me about a mostly vacant 41,000 SF REO industrial building in Rockville Centre, I thought the... » Read more
Posted by James Nelson on Sep 29, 2011 - Comment • LikeIt used to be the dream of aspiring investors to buy a 2-4 family. They would live in one of the units and rent the rema... » Read more
Posted by James Nelson on Sep 22, 2011 - Comment • LikeWhen I started in this business in the late 1990s, I witnessed first hand the impact that a rezoning could have on an ar... » Read more
Posted by James Nelson on Sep 15, 2011 - Comment • LikeHarlem
retail is bustling once again. Investors are taking notice and buying
up the remaining storefronts which ar... » Read more
Posted by James Nelson on Sep 8, 2011 - Comment • Like