NYC apartment prices on the rise - New York News

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>>

  • 8 fined $144,500 in Long Island cheating scandals

    8 fined $144,500 in Long Island cheating scandals

    State records show two administrators and six educators were fined a total of $145,500 in connection with two separate cheating scandals in Glen Cove City schools on Long Island.
    State records show two administrators and six educators were fined a total of $145,500 in connection with two separate cheating scandals in Glen Cove City schools on Long Island.
  • FEMA chief questioned over Sandy claims

    FEMA chief questioned over Sandy claims

    Hurricane Sandy damage in Mantoloking, N.J.Hurricane Sandy damage in Mantoloking, N.J.
    The head of the Federal Emergency Management Agency has asked an independent watchdog to examine whether the flood-insurance program is shortchanging Superstorm Sandy victims.
    The head of the Federal Emergency Management Agency has asked an independent watchdog to examine whether the flood-insurance program is shortchanging Superstorm Sandy victims.
  • Teen pleads guilty in 1 World Trade Center climb

    Teen pleads guilty in 1 World Trade Center climb

    A teenager who made a surreptitious climb to the top of the 1 World Trade Center tower has pleaded guilty in an escapade that fanned concerns about security at the nation's tallest building.
    A teenager who made a surreptitious climb to the top of the 1 World Trade Center tower has pleaded guilty in an escapade that fanned concerns about security at the nation's tallest building.
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