NYC apartment prices on the rise - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

NYC apartment prices on the rise

Posted: Updated:
NEW YORK (MYFOXNY) -

The latest quarterly real estate reports are out and the news is a little discouraging: prices in New York City are still going up, and inventory keeps shrinking. So what's a prospective buyer or renter to do? We went in search of some helpful tips.

Tara Gallegos has been pounding the pavement with her broker in search of a Manhattan apartment but with h the price and tight inventory. It's been a challenge.

Hana Alberts, the senior editor of real estate blog Curbed NY, says finding a city apartment at a relatively reasonable price is tough but not impossible.

In the current market apartments are being snatched up before you can say "square footage." According to real estate site Street Easy listings lasted an average of 89 days in the first quarter of the year, the lowest recorded by the site since it started tracking data in 1995.

Alberts says if you're a serious buyer, go into a viewing prepared to move fast. When it comes to value in Manhattan, Alberts says your bet best is on the Upper East Side. And finally, she says don't give up: in the land of $25 million penthouses, the thrill of finding a great apartment can be in the hunt.

  • Local NewsLocal NewsMore>>

  • NYC stores with no signs feed curiosity

    NYC stores with no signs feed curiosity

    Tuesday, July 29 2014 8:40 PM EDT2014-07-30 00:40:09 GMT
    From coffee shops in Brooklyn to restaurants in Manhattan, we find speakeasies standing out by blending in. When people in Bushwick want a green machine juice blend they visit Leticia Castillo's Owl Juice Pub. But first they must find the owl. "We been doing fine without a sign," Castillo says.
    From coffee shops in Brooklyn to restaurants in Manhattan, we find speakeasies standing out by blending in. When people in Bushwick want a green machine juice blend they visit Leticia Castillo's Owl Juice Pub. But first they must find the owl. "We been doing fine without a sign," Castillo says.
  • NY brothers invent machine that makes CPR easier

    NY brothers invent machine that makes CPR easier

    Tuesday, July 29 2014 6:40 PM EDT2014-07-29 22:40:57 GMT
    Only 10 percent of people who get CPR from a bystander actually survive. But two young men in Westchester County have now patented a device that could dramatically increase those odds and save lives. John and Chris DiCapua's sitting room in their parents' Westchester County home has had a unique guest lying around for quite a while now: a CPR dummy. What began as an idea from their time as Boy Scouts is now a device that could potentially save lives.
    Only 10 percent of people who get CPR from a bystander actually survive. But two young men in Westchester County have now patented a device that could dramatically increase those odds and save lives. John and Chris DiCapua's sitting room in their parents' Westchester County home has had a unique guest lying around for quite a while now: a CPR dummy. What began as an idea from their time as Boy Scouts is now a device that could potentially save lives.
  • Ex-Councilman Halloran quickly convicted in bribery plot

    Ex-Councilman Halloran quickly convicted in bribery plot

    Tuesday, July 29 2014 5:53 PM EDT2014-07-29 21:53:04 GMT
    A jury took only about 90 minutes Tuesday to convict former New York City Councilman Daniel Halloran of bribery charges in a scheme to buy a spot on the mayoral ballot for state Sen. Malcolm Smith. Halloran was also found guilty of taking payoffs from what he thought were developers who wanted him to funnel city money their way. The men were actually an FBI agent and an FBI informant.
    A jury took only about 90 minutes Tuesday to convict former New York City Councilman Daniel Halloran of bribery charges in a scheme to buy a spot on the mayoral ballot for state Sen. Malcolm Smith. Halloran was also found guilty of taking payoffs from what he thought were developers who wanted him to funnel city money their way. The men were actually an FBI agent and an FBI informant.
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices