The last quarter of 2010 in Manhattan real estate market will be known for the year of luxury as homes of $3 million and up and were popular sales in last quarter of 2010.
Prices for Manhattan apartments continued to edge upward, as their average sale price of $1,432,787 was 8% higher than a year ago. This marked the sixth straight quarter that the average price has risen.
While the number of recorded transactions fell 25% from a year ago, the fourth quarter of 2009 was uncharacteristically busy due to pent-up demand after the collapse of Lehman Brothers had frozen the market earlier that year.
To view the 4Q 2010 Market Report Click Here
Showing posts with label NYC real estate. Show all posts
Showing posts with label NYC real estate. Show all posts
Sunday, January 16, 2011
Sunday, June 27, 2010
Painting your NYC apartment used to be easy… now you need to know the rules!
New York City has always had the one of the strictest lead-paint laws in the country and now according to a new Environmental Protection Agency, there’s a new regulation put in place as of April 22nd which has contractors and building managers concerned.
Since April 22nd, all professional renovation projects in apartments and homes built before 1978 (when the use of lead in paint was banned) that test positive for lead have had to meet federal guidelines and be performed by workers certified in lead-safe practices.
The new rule “The Renovation, Repair, & Painting Rule” requires owners to follow lead safe work practices when disturbing a painted surface (sanding, demolition, renovation, repair, etc.) in pre-1978 housing (“target housing”) and child occupied facilities. The rule will change make a remarkable difference in the way property managers, renovation and remodeling contractors, maintenance workers, painters and other specialty trades do business in housing built before 1978 and child occupied facilities. It includes new training requirements, additional notifications and disclosures, new work practices, new clearance requirements and expanded records requirements. Property managers and owners should be diligent in making sure their building staff and outside contractors thoroughly understand their obligations under the new EPA rule.
READ MORE ABOUT THIS STORY HERE
Since April 22nd, all professional renovation projects in apartments and homes built before 1978 (when the use of lead in paint was banned) that test positive for lead have had to meet federal guidelines and be performed by workers certified in lead-safe practices.
The new rule “The Renovation, Repair, & Painting Rule” requires owners to follow lead safe work practices when disturbing a painted surface (sanding, demolition, renovation, repair, etc.) in pre-1978 housing (“target housing”) and child occupied facilities. The rule will change make a remarkable difference in the way property managers, renovation and remodeling contractors, maintenance workers, painters and other specialty trades do business in housing built before 1978 and child occupied facilities. It includes new training requirements, additional notifications and disclosures, new work practices, new clearance requirements and expanded records requirements. Property managers and owners should be diligent in making sure their building staff and outside contractors thoroughly understand their obligations under the new EPA rule.
READ MORE ABOUT THIS STORY HERE
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