FOR three years, Shai Benhamou lived with a roommate in a walk-up rental on the Upper East Side. They spent just over $1,600 a month for the two-bedroom apartment, but the bedrooms were only nine feet square. The York Avenue location was far from downtown, where Mr. Benhamou spent most of his nonworking hours. “I […]
Summer Sales Slower Than UsualThe Real Deal Summer sales slower than usual July was hot, and buyers were not bothered at least when it came to buying Manhattan real estate. Open house attendance was down, beyond the usual summer ebb, and price adjustments were more frequent — both indicators of a weakened housing market. Richard Rothbloom, a vice president at […]
Residential Deals NewManhattan Realtor Excels In Client Satisfaction, ExcellenceAnyone Who Is Interested In Manhattan Real Estate Ought To Know… Manhattan Realtor Excels in Client Satisfaction, Excellence Anyone who is interested in Manhattan real estate ought to know about broker Edward Longley, Senior Vice President of Citi Connections Realty. With impeccable qualifications and a plethora of expertise certification memberships, Longley has risen to […]
With Rockrose Split, Two Younger Elghanayan Brothers Get Into Distressed Asset GameEdward Longley Is Quoted In The Real Deal Now that the division of Rockrose has been finalized, the two younger Elghanayan brothers are looking to snap up distressed assets. “Our plan is to look for properties that are in some form of incomplete state,” K. Thomas Elghanayan, who with his brother Frederick is now doing business under the […]
Cutting Brokers OutWhere Did All The Flippers Go?New Manhattan Condos See Rise In ForeclosuresHomebuyers Melt AwayEdward Longley Is Quoted In The Real Deal With July on track to be the hottest month in New York City history, real estate agents report that the sticky, 100-degree heat has kept potential buyers at home. “Some people are staying indoors because they can’t deal with the heat,” said Olga Alexakos, an agent at […]
With Wall Street Job Losses, Real Estate Pros Foresee Protracted Housing Market RecoveryEdward Longley Is Quoted In The Real Deal The Manhattan residential real estate market is doing fairly well, according to third-quarter reports released today by several of the city’s major residential firms, but a total housing recovery is unlikely soon as recent accounts indicate that there are hiring freezes and layoffs at Wall Street financial institutions like Morgan Stanley, […]