NYC apartment prices on the rise

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>>

  • Federal authorities to monitor Newark police

    Federal authorities to monitor Newark police

    Tuesday, July 22 2014 9:37 PM EDT2014-07-23 01:37:12 GMT
    Newark police engaged in the excessive use of force, routinely stopped people on the street for no legitimate reason and regularly stole property from civilians, the U.S. Department of Justice concluded in a report released Tuesday that set the stage for federal monitoring of the police department that serves New Jersey's largest city. The report is the culmination of a three-year investigation begun months after the American Civil Liberties Union filed a complaint.
    Newark police engaged in the excessive use of force, routinely stopped people on the street for no legitimate reason and regularly stole property from civilians, the U.S. Department of Justice concluded in a report released Tuesday that set the stage for federal monitoring of the police department that serves New Jersey's largest city. The report is the culmination of a three-year investigation begun months after the American Civil Liberties Union filed a complaint.
  • White flags raised at Brooklyn Bridge

    White flags raised at Brooklyn Bridge

    Tuesday, July 22 2014 9:22 PM EDT2014-07-23 01:22:00 GMT
    The NYPD is investigating a major security breach at the Brooklyn Bridge, one of the most highly secured landmarks in New York City. Two white flags — international symbols of surrender — fluttered from poles on the stone supports that hold cables above the bridge connecting Brooklyn and Manhattan. The flags had a faint appearance of the stars and stripes. The American flags that are normally up at the bridge appeared to have been removed.
    The NYPD is investigating a major security breach at the Brooklyn Bridge, one of the most highly secured landmarks in New York City. Two white flags — international symbols of surrender — fluttered from poles on the stone supports that hold cables above the bridge connecting Brooklyn and Manhattan. The flags had a faint appearance of the stars and stripes. The American flags that are normally up at the bridge appeared to have been removed.
  • FAA bans all flights to Tel Aviv airport

    FAA bans all flights to Tel Aviv airport

    Tuesday, July 22 2014 8:52 PM EDT2014-07-23 00:52:42 GMT
    The Federal Aviation Administration has banned U.S. carriers from flying to Israel's main airport for 24 hours. The FAA made the announcement at about 12:40 p.m. on Tuesday. This comes after two U.S. airlines cancelled all flights to Israel until further notice following a rocket landing near the Ben-Gurion Airport earlier in the day.
    The Federal Aviation Administration has banned U.S. carriers from flying to Israel's main airport for 24 hours. The FAA made the announcement at about 12:40 p.m. on Tuesday. This comes after two U.S. airlines cancelled all flights to Israel until further notice following a rocket landing near the Ben-Gurion Airport earlier in the day.
Powered by WorldNow
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