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☆ People living in New York, San Francisco, and Honolulu need to earn $300,000 to feel like they're making $100,000 as inflation bites, survey says
▼ + stars: | 2023-04-18 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Earning $300,000 in New York, San Francisco, and Honolulu feels like earning $100,000. Inflation surged to highs not seen since the 1980s in 2022, pushing the cost of living higher. The study found that New York, San Francisco and Honolulu have the highest cost of living at over 80% above the national average. New York came in at a close second with $312,000 needed, while San Francisco required $310,700. In March, the rate of consumer price inflation was 5%, remaining significantly above average compared to the past 30 years.

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☆ After Four Years, Martha Stewart’s Daughter Finds Buyer for Manhattan Triplex
▼ + stars: | 2023-03-11 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

Alexis Stewart, a media personality and the daughter of lifestyle guru Martha Stewart , has found a buyer for her triplex Manhattan apartment four years after listing it. Ms. Stewart has signed a contract to sell the six-bedroom West Village unit for a price in the low $30 million range, according to a person familiar with the situation. That price is significantly less than the $53 million she asked when the property first came on the market in 2019. It was most recently asking $37 million, according to listings website StreetEasy.

☆ You can live in Peter Parker's house in Queens — but you might get Spider-Man's mail
▼ + stars: | 2023-03-11 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +1 min

A New York City house with Spider-Man's address is for sale for $2.1 million. With 4 beds and 3.5 baths, it's a far shot from Peter Parker's working class upbringing in the comics. 20 Ingram Street in Forest Hills, Queens — the home of the fictional family of Spidey, Aunt May, and Uncle Ben — is currently listed on StreetEasy. "As soon as the comic book identified 20 Ingram as the Spider-Man house, they became flooded," Gigi Malek, the realtor who listed the house, told ABC 7. Now, the home is ready for new owners to take on the task of fielding Spider-Man's mail.

☆ News Corp plans to sell real estate giant Move Inc, valued at $1.4 billion, to CoStar as Rupert Murdoch shelves proposed merger of News Corp and Fox
▼ + stars: | 2023-01-25 | by ( Claire Atkinson | Daniel Geiger | ) www.businessinsider.com time to read: +3 min

News Corp is in talks to sell Move Inc, the operator of listings site Realtor.com, to CoStar. The news comes as executive chairman Rupert Murdoch shelves a News Corp merger with Fox. News Corp is planning to sell Move Inc., the California-based operator of Realtor.com and other real estate listings sites, to CoStar, a commercial real estate data and technology firm. One News Corp shareholder, Irenic Capital, had argued against the merger, suggesting that News Corp could benefit shareholders if it unlocked the value of its holdings including Dow Jones and the real estate assets. The balance is held by News Corp's digital real estate subsidiary REA.

☆ A wee cottage perched on top of a New York rooftop is for sale for $2.5 million — take a look inside
▼ + stars: | 2023-01-07 | by ( Robert Davis | ) www.businessinsider.com time to read: +1 min

Hershkowitz said in the listing that the 'crown jewel' of this rooftop cottage is its multilevel terrace. Kristina Crane with Evan Joseph StudiosRooftop cottages in New York come in various styles, from chalets to cape cod and even a lighthouse. Some of New York's rooftop cottages are architectural gems. For instance, there is a rooftop property in the West Village that comes with its own meadow, according to StreetEasy. There's also a penthouse on East 36th Street where the owner can see the Empire State Building from their bedroom window, the New York Post reported in 2017.

☆ One of New York's largest commercial landlords is spending $1.5 billion to convert office buildings into apartments as office vacancy rates remain elevated
▼ + stars: | 2022-12-10 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

Prior to the pandemic, office buildings were the lifeblood of central business districts across the country. For example, data from commercial real estate giant CBRE shows that about 25% of all New York's offices remain available for lease while other markets, like San Francisco and Boston, face similarly high vacancy rates. Silverstein's move also comes at a time when commercial real estate property values are declining. According to a November study from RentCafe, developers created more than 28,000 apartments through conversion projects in 2021, an increase of 25% when compared to 2020. Sage acquired Econo Lodge and a Travel Lodge in Tacoma, Washington for $14.2 million and plans to convert both buildings into apartments.

☆ Brooklyn man claims landlord is trying to push him out of his $450 apartment with live chickens running in yard and green liquid seeping from the ceiling
▼ + stars: | 2022-12-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Toonkel said the landlord couldn't gain access to Roberts' apartment because of a "hoarding problem." He didn't specifically address the chickens near Roberts' apartment. Roberts' rent is regulated by New York City rent-stabilization laws, which generally cover buildings built between 1947 and 1974. Roberts told Legal Services NYC, an advocacy group working on his case, that he'd voiced concerns about the state of the building to previous owners. This is heartless," Roberts told Legal Services NYC.

☆ These are the most popular neighborhoods in New York City—and the average rent among them is $3,377
▼ + stars: | 2022-10-26 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

A new report from StreetEasy is highlighting the most coveted neighborhoods in New York City. The real estate marketplace used search data to determine which places in three boroughs — Manhattan, Brooklyn, and Queens — are the most popular so far this year. But StreetEasy exclusively revealed to CNBC Make It the five neighborhoods in the Bronx that were among the most searched and we've include that data in this list. The median asking rent and median asking selling price in each neighborhoods is based on data from the summer of 2022. The average cost of rent in the most popular neighborhoods across Manhattan, the Bronx, Brooklyn and Queens is $3,377

☆ Imagine you just worked a 111-hour week. That's what many workers in 4 US cities would have to do to afford rent.
▼ + stars: | 2022-10-22 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

To afford a "fair market" one bedroom in NYC, minimum wage workers would need to put in 111 hours a week, a study found. They'd have to work even more to afford rent in Dallas, San Jose, or Chicago. When looking at affordability for minimum wage workers, the United Way researchers say that even a fair-market price is out of reach based on their current rate of pay. Instead of paying sky-high rent prices, minimum wage workers are cramming into tighter living arrangements, going homeless, or far exceeding the recommended portion of one's income they should spend on rent. Until this month, the minimum wage for New York home aides was $15 an hour, but got a bump to $17 an hour.

☆ Soaring rents and the inflated cost of living are pushing some young professionals out of New York City
▼ + stars: | 2022-10-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

High rents and an inflated cost of living are pushing some young professionals out of New York City. In August, average rent prices were up by 13% compared to 2021, according to data from StreetEasy. New York City rent prices have been soaring for months, with many New Yorkers complaining of extreme rent hikes. In August, rent prices were up by 13% compared to the same period in 2021, according to data from StreetEasy. Another young New Yorker, Georgia Bubash, told Bloomberg she was spending half her monthly paycheck on her $1,800 Chinatown apartment.

☆ The average starter home in New York City has shrunk to the size of four parking spots
▼ + stars: | 2022-09-24 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

The cost of an average starter home in New York City ranges from $400,000 to $800,000, according to StreetEasy. Starter homes in NYC have shrunk by 9% in the last three years, the real estate marketplace found. The median square footage for a Manhattan home is now equal to that of four-and-a-half parking spots. The New York City housing market is notorious for buyers willing to pay more for less, but the size of a typical Manhattan starter home in is only getting smaller. Although first-time residences in Queens and the Bronx have shrunk the most, Manhattan homes remain the smallest.

☆ She pays $1,000 per month for a 1-bedroom apartment in New York City — take a look inside
▼ + stars: | 2021-11-02 | by ( Cory Stieg | ) www.cnbc.com time to read: +5 min

She pays $1,000 per month for the apartment, where she's lived for nine years. The median asking rent for a one-bedroom apartment in the Bronx is $1,750, compared to $3,000 in Manhattan, according to StreetEasy data. In addition to her rent, Mooney pays about $200 per month for her internet, phone and cable, plus $45 per month for electricity. "I just love arts and crafts, I love TV, I love projects… it's all just one huge conglomeration of all the things that I love to do." In the living room, Mooney displays TV memorabilia and souvenirs like fleece blankets, stuffed animals, action figures and framed posters.

☆ Inside a $1,300 a month rent-stabilized two-bedroom apartment in Manhattan
▼ + stars: | 2021-03-27 | by ( Cory Stieg | ) www.cnbc.com time to read: +1 min

Many New Yorkers dream about getting to live in a coveted rent-stabilized apartment — because it means that rent is often unfathomably cheaper than market value. When Kolp and her parents moved into the 1,500-square-foot two-bedroom apartment in 2002, they paid a little less than $1,000 a month. Today Kolp's rent is $1,300 a month. To put that in perspective, the median asking rent for a two-bedroom apartment in the Upper West Side is $4,000 a month, according to StreetEasy data from Feb. 2021. "It's the hugest blessing of my life because I would not be able to afford an apartment of the size on my teacher salary."

☆ This 27-year-old saved for years to rent her first apartment — a $1,850-a-month 'dream' loft in Yonkers
▼ + stars: | 2020-12-28 | by ( Cory Stieg | ) www.cnbc.com time to read: +3 min

Since college graduation, Denise Francis had been saving up to move out of the two-bedroom apartment in Brooklyn where she lived her whole life. "Now, at the age of 27, I was finally able to move into that dream apartment," Francis tells CNBC Make It. "Instead, I used all those years to continue saving," Francis says. By 2020, thanks to a salaried job and a recent promotion, Francis had saved $20,000, enough money to cover about a year's worth of rent. Typical monthly rent in Yonkers is $2,191 a month, according to data from Zillow shared with CNBC Make It.

☆ Pierderi de miliarde de dolari pentru New York, după ce milioane de oameni au părăsit orașul în timpul pandemiei
▼ + stars: | 2020-12-16 | by ( ) www.jurnal.md time to read: +2 min

În perioada 1 ianuarie- 7 decembrie, mai mult de 3,75 de milioane de persoane au părăsit orașul New York iar alte 3,5 milioane de persoane, cu venituri mai mici, au venit în regiunea metropolitană. Astfel, aproximativ 70.000 de oameni au plecat din metropolă, arată studiul companie Unacast, realizat pe datele anonimizate referitoare la locația telefoanelor mobile. Poate că impactul mai mare este modul în care se schimbă populaţia şi modul în care se schimbă datele demografice”, a declarat Thomas Walle, director executiv şi cofondator al Unacast. Chirii mai mici pentru cartiere de luxImpactul dublu asupra populaţiei şi veniturilor din oraş poate avea consecinţe durabile pentru New York, care se recuperează din criza economică cauzată de pandemie, a spus Walle. ”, a spus acesta.

Persons: Thomas Walle, StreetEasy Locations: New York, metropolitană, Tribeca

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