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Market Conditions in New York : Real Estate Advice

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  • Local Info438
  • Home Buying1K
  • Home Selling228
  • Market Conditions94

Activity 277
Sun Jul 23, 2017
Elena Ravich, Esq. answered:
Here is a great tool for owners of Manhattan properties to check on their potential market value and prepare for sale

Here is a link to my website, where owners can easily check on a potential market value of their Manhattan apartment, whether they are just curious about it's current value or are considering selling. The way it works, the site gets 3 automated value estimates (when available) and then we also offer an opportunity to challenge an automated valuation and connect with me in person to get a more accurate and personalized value estimate, as well as receive consultation on current market trends and how best prepare the property for sale. This is a complimentary service I provide to owners. I am always happy to hear from you and assist with any real estate questions!

KNOWLEDGE IS POWER! Check your NYC property value at

Elena Ravich, Esq.| MS in RE Finance & Investments |
Certified Negotiations Expert | Associate Broker
387 Park Avenue South, 4th Fl | New York, NY 10003
C 646.593.7207
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Wed May 24, 2017
Kathy Burgreen answered:
As a retired NYC realtor and life long area resident, let me save you time and you can skip the graphs. You need to know the following:

New York City - Manhattan is the most expensive especially south of 96th St. Prices start decreasing north of 96th St. At the north end, safety becomes an issue and I would recommend you visit the neighborhood at different times of the day or night and on different days of the week. Your safety comfort may be different than mine. Also visit the local police precinct and ask them about the neighborhood.

Brooklyn and Queens - Because Manhattan is so expensive, buyers jumped to Brooklyn and bought everything in sight. Now sections of Brooklyn is just as expensive as Manhattan. There are neighborhoods where safety is an issue. Again, visit the local police precincts and ask about safety / crime. Neighborhoods: Bensonhurst, Bedford Stuyvesant, Flatbush, East New York - all need a visit to the local police department. If walking around the neighborhood, check for things like housing projects, welfare places, immigration services, halfway houses, etc. They seem to be clustered in these neighborhoods.
Queens - Since Brooklyn is now expensive, buyers are flocking to Queens while the prices are still good. It's now getting pricey like Brooklyn & Manhattan. Like Brooklyn, a visit to the local police precinct for the following neighborhoods: Jamaica, Flushing, etc.
Staten Island - not real familiar with this but Staten Island has more houses and few co-op or condo buildings. Very residential.
Bronx - Much cheaper to buy than Manhattan, Brooklyn and Queens. South of Fordham Rd. is a safety issue. A visit to the local police precinct is necessary. If you can afford it, the nice areas to buy are Riverdale, Pelham Parkway, Allerton Ave., Throgs Neck, City Island and Bedford Park.

The suburbs (Nassau County / Long Island; Westchester County; Rockland County and New Jersey) - All of the suburbs is much cheaper than anything in New York City. You will get more living space / more square footage and pay 1/2 the price. However, the property taxes will be very expensive. The reason is the school districts are much better than New York City public schools and property taxes pay for it. Housing prices vary widely depending on how good the public school district is. The suburbs also have easy public transit to Manhattan. Most commutes take 30 min. to Penn Station or Grand Central. There are plenty of buses so you don't need a car immediately.

Good Luck
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Tue Mar 28, 2017
Amycaitlin42 asked:
Mon Mar 27, 2017
Amycaitlin42 asked:
Tue Mar 21, 2017
Amycaitlin42 asked:
Time is the precious asset for every business
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Tue Oct 4, 2016
Andrew Simmons answered:
Try this company asanduffconstruction. It is very useful company in design and architect.
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Thu Apr 14, 2016
Roseycella217 asked:
Mon Apr 4, 2016
Reignz asked:
Wed Mar 23, 2016
Jonathan Lahey answered:
yes we do recommend investment now , after 3 years condo's can be a useful asset to purchase a new home or maybe it can be your business buy making it as for rent!
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Sun Mar 13, 2016
Jonathan Lahey answered:
Check here -
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Thu Feb 25, 2016
Jonathan Lahey answered:
Try checking this on zillow zestimate so you will know the price average per sq foot.
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Wed Feb 24, 2016
Jonathan Lahey answered:
Thu Feb 18, 2016
Jonathan Lahey answered:
Search on here to find your needs -
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Wed Feb 17, 2016
Jonathan Lahey answered:
Please use zillow zestimate to check the price, zillow do gives an idea of price for a property. Thanks
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Tue Feb 9, 2016
Jonathan Lahey answered:
Hi Susan,

If you want to know the dropped price of your home you can use the zestimate program on zillow so you will know the change of price if ever there is a changes.
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Mon Jan 18, 2016
Kathy Burgreen answered:
To answer this question we need more information. Example: What is your budget - are you paying cash or getting financing? If you are getting a mortgage, have you been pre approved to find out how much you can afford? How many bedrooms or did you want a studio? What is the minimum sq. ft. - are you OK with tiny apartments? There are about 75 or so different neighborhoods in Manhattan and no realtor is going to give you a price breakdown for each neighborhood.

You need to go to which is a real estate website exclusively for New York City. This website specializes in everything Manhattan, however, it won't give you sold prices. You should be able to get most of your questions answered on Street Easy.

As for sold prices, a realtor can give you that information however, they will want you to pay a fee for it. If this purchase is for you personally, I strongly advise you to walk the streets of Manhattan and make a list of neighborhoods you want to live in.

FYI - If Manhattan is too pricey for you, there is always the other boroughs and the suburbs. Public transportation is easy and convenient even from the suburbs. Prices do drop in the other boroughs and its even cheaper in the suburbs.
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Tue Dec 15, 2015
Danilooliveirarocha007 answered:
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Thu Oct 22, 2015
Alexandra Brovenick answered:
Hi There, I was actually just at a new condo conversion last night in the 90's and central park west. Prices vary drastically based on the building its self, amenities, finishes in the apartment. Many factors will dictate pricing. I can meet with you anytime and show you some pricing options and aggregates that relate. Please feel free to reach out anytime. Best, alexandra - ... more
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