Walker Tower, located at 212 West 18th Street in Chelsea, is one of those Manhattan buildings that are almost always in the spotlight. While architecture enthusiasts in the city can’t stop gushing about the building’s Art Deco representation, the apartments for sale at Walker Tower are among the most talked-about luxury residences in New York City today. So when the developers of Walker Tower announced that they were undertaking the conversion of another Art Deco building on 50th Street and 10th Avenue, it’s easy to see why the city’s real estate sector was ready to sit up and take notice of this new development.

Brooklyn, long seen as the less expensive New York borough when compared to Manhattan, could soon be losing that reputation as thanks to a market that’s running short of inventory. Although there’s a lot of demand for homes in Brooklyn, home hunters in the borough are finding that there just aren’t enough vacant apartments for them to move into, thereby giving sellers the upper hand in .

The architectural sensibility that is showcased in the Upper East Side section of New York City is one that is quite unique and hard to find in the other neighborhoods that populate the city. The neighborhood’s prewar charm and elegance is something residents of the Upper East Side hold very dear, which is why even new buildings in the neighborhood are expected to follow more traditional design styles, as opposed to the modernist structures that are cropping up elsewhere in the city.

If the listings on this site are any indication, there are certainly a lot of new buildings coming into Manhattan’s real estate arena. To live in a luxury apartment in the city is a dream of many a New Yorker, and these prized new developments are being created to satisfy the demand for these remarkable homes. Recent reports have said that there’s been a rise in the construction of such new residences, with new building permits being issued left, right and center.

While it's easy to get caught up in fiscal cliff debates, Mayan doomsday predictions, and stories from New Year's parties, sometimes it makes sense to take a step back and look at the numbers. Just how does New York's housing market, and Manhattan in particular, compare to the rest of the US?

The people behind the PropertyShark Real Estate Blog have put together an interesting infographic comparing the home prices in all Brooklyn neighborhoods from 2004-2012. Breaking down price fluctuations by neighborhood, the data has some no-brainers but also some numbers that are going to make you do a double take!

New York City’s real estate sector has been having a great spell over the past few months. Several high profile listings have come into the limelight this past year, with some garnering eyeballs for their astounding heights and others with their stupendous brands of luxury. Besides these, , with these swanky new apartments being lapped up as soon as they enter the market. But what’s interesting about the buyers of these ultra deluxe homes is that many of them are not from New York, or even from America—foreign buyers are dominating Manhattan’s real estate scene today.

Although , a recent news report has said that the volume of sales in the luxury condominium building has slowed down over the past few months. While there were 17 apartments sold at in 2011, this year has seen only five apartments in the building finding buyers so far. This has been attributed to the sky-high figures being asked for the remaining condos in the building, with some real estate brokers calling some of these homes not worthy of such striking prices.

New York City has been trying to step up its green quotient for a long while now. Be it through the construction of environment-friendly LEED certified buildings, or through the creation of more parks and green spaces like the High Line in Chelsea, New Yorkers have been seeing a lot of green. But while these measures are to be applauded, New York is still lagging behind —only 15% of residential trash in the city is recycled. But this number could soon change thanks to new building mandates that are designed to bolster recycling efforts.