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>>

  • New York's daring Instagrammers

    New York's daring Instagrammers

    Wednesday, August 20 2014 6:03 PM EDT2014-08-20 22:03:35 GMT
    Pull out your smartphone on any given day, tap on Instagram and you'll find a lot of selfies. But while the rest of us clog our feeds with our best pouty faces, a group of photographers scales and then hangs off bridges and buildings in a contest to produce the most daring photograph in New York City.
    Pull out your smartphone on any given day, tap on Instagram and you'll find a lot of selfies. But while the rest of us clog our feeds with our best pouty faces, a group of photographers scales and then hangs off bridges and buildings in a contest to produce the most daring photograph in New York City.
  • Designer clothes at giant thrift shop in NJ

    Designer clothes at giant thrift shop in NJ

    Wednesday, August 20 2014 5:57 PM EDT2014-08-20 21:57:04 GMT
    Like most soon-to-be third graders, Sonja knows what she's looking for when it comes to back-to-school shopping. For kids trying to be fashionable -- and parents looking to keep it affordable -- there's the Ocean County Hunger Relief Warehouse in Toms River, New Jersey. It's basically a huge thrift shop.
    Like most soon-to-be third graders, Sonja knows what she's looking for when it comes to back-to-school shopping. For kids trying to be fashionable -- and parents looking to keep it affordable -- there's the Ocean County Hunger Relief Warehouse in Toms River, New Jersey. It's basically a huge thrift shop.
  • Snow leopard cubs on display at Bronx Zoo

    Snow leopard cubs on display at Bronx Zoo

    Wednesday, August 20 2014 4:55 PM EDT2014-08-20 20:55:28 GMT
    Two snow leopard cubs born at the Bronx Zoo in the spring are now on display in the Himalayan Highlands exhibit with their mother, the Wildlife Conservation Society announced. The male cubs were born May 6 to first-time parents, the WCS said. The Bronx Zoo participates in a cooperative breeding program with other zoos around the country to prevent inbreeding and make sure zoo animals are genetically viable.
    Two snow leopard cubs born at the Bronx Zoo in the spring are now on display in the Himalayan Highlands exhibit with their mother, the Wildlife Conservation Society announced. The male cubs were born May 6 to first-time parents, the WCS said. The Bronx Zoo participates in a cooperative breeding program with other zoos around the country to prevent inbreeding and make sure zoo animals are genetically viable.
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 | New Terms of Service What's new | Ad Choices