Articles on Murray Hill Condominium

172 Madison Avenue is Now Complete

Another condominium tower has just been completed in the busy streets of Murray Hill, at 172 Madison Avenue. The gorgeous glass structure was designed by architect Karl Fischer and developed by Tessler Developments.

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New Development on the Market in Murray Hill: The Lindley

While the 20-story tower wraps up construction, sales of The Lindley’s 74 apartments have launched. The new development has joined the neighborhood at 591 Third Avenue and the glassy building fits right in at the heart of Manhattan.

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Five Classier Joints in Murray Hill

Murray Hill is perhaps the only district in Manhattan that eludes the ‘trendy’ tag that almost always comes with the territory of a youthful population. An influx of recent college graduates has brought with it a penchant for late-night libation, in celebration of no one and nothing in particular. Despite the masses of post-grads, Murray Hill still plays host and caters to a range of tastes and cultures, and features some of the finer cocktail lounges and bars the city has to offer – more than suitable to accommodate anyone wanting to escape the buzzing street scenes and still enjoy a night out on the town.

Murray Hill - Jazz Standard

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You Age Well, Murray Hill

Post card NYPL

Home to many of the diplomatic missions of the United Nations, Murray Hill has long been known for its residential dwellings. Mid-rise buildings provide a decent view of the street life, while allowing the neighborhoods select high-rise the opportunity to give its residents the perfect view of New York City and the East River. It is a very quiet neighborhood, with statistics that prove Murray Hill to be one of the safest in New York City itself. Lastly, with its cheaper rent, Murray Hill is quickly becoming a popular to residents looking for a safe, quiet, and fun place to live in.

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Are Two Bedrooms Now Number One in the Manhattan Condo Market?

After the 2008 market crash the prices of one-bedrooms and studios recovered fairly quickly, but the two-bedroom has held out until now. According to The Real Deal, overall inventory of apartments has grown by 13.4 percent since March, but the inventory of two-beds has grown much slower. True to the laws of economics, the ever-present high demand of Manhattan real estate coupled with a low supply means that prices of Manhattan two-bedrooms has hit a new peak -- and the competition to secure one is getting fierce. The New York Times interviewed Tracie Hamersley, a senior vice president of Citi Habitats, whose two-bedroom listing in Murray Hill closed at the asking price after only a single week on the market. It was the buyer’s third attempt at securing a two-bedroom.

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Slow, Steady, But Real: Wall Street Journal Examines The Ongoing NYC Condo Market Recovery

Slow and steady in the NYC real estate raceWait, we're still talking about this summer's market for Manhattan apartments? NYC condominium sales in August? You're sure? Strangely, but inarguably, the answer is yes -- unlike with rental statistics, the indicators on the market for Manhattan apartments are a bit longer in gestation, and... well, yes, this is going to be a blog post about a recent report on the NYC condominium market for August, but it's also a post about the most recent statistics we have on apartments for sale in Manhattan. Real estate is funny that way. And what is in this report? Good news, less-good news, and more proof that -- slowly, steadily and undeniably -- the Manhattan condo market is returning to health. So, then. Cast your mind back to this summer -- it was warmer, the Mets were still bumming everybody out, and the expiration of the first-time home-buyer tax credit sent apartment sales cratering in July, to the tune of a 34% decline in sales. Which everyone expected -- the first-time home-buyer tax credit had just expired, if you're just joining us -- but which was also the biggest decline since Radar Logic began tracking these stats in 2000. This means that it would have been just about impossible not to see some sort of improvement in August -- and there was some improvement in August. As it turned out, it was the kind that those searching for NYC condos would most want to see -- one in which prices increased marginally, while sales increased at a faster rate.

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Further Tales of the Manhattan Real Estate Recovery: Wall Street Journal Details Massive Second Quarter Jump In NYC Condo Sales

Has it really been almost a month since we last reported on the stupendous ongoing boom in the market for Manhattan condominiums? Well, yes, we did write this almost a month ago, but it's not like we haven't talked about it since. We've talked about absorption rate and the spike in Manhattan apartment sales, among other things, but we've always really been talking about one thing: the stupendous ongoing boom in the market for Manhattan condominiums. Today, we would like to talk about...

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