NYC apartment prices on the rise - KMSP-TV

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>>

  • Girl drowns off Coney Island

    Girl drowns off Coney Island

    Tuesday, July 22 2014 11:07 PM EDT2014-07-23 03:07:25 GMT
    A girl from Staten Island apparently drowned off Coney Island Beach Tuesday evening, police said. Good Samaritans pulled Takara McDuffy, 10, and a 9-year-old girl from the water near Stillwell Avenue at about 7 p.m., the NYPD said. Medics took McDuffy to Coney Island Hospital where she was pronounced dead, authorities said.
    A girl from Staten Island apparently drowned off Coney Island Beach Tuesday evening, police said. Good Samaritans pulled Takara McDuffy, 10, and a 9-year-old girl from the water near Stillwell Avenue at about 7 p.m., the NYPD said. Medics took McDuffy to Coney Island Hospital where she was pronounced dead, authorities said.
  • 'Mortified': stage performers over share

    'Mortified': stage performers over share

    Tuesday, July 22 2014 10:56 PM EDT2014-07-23 02:56:08 GMT
    Some might call Jenn Wehrung a performance artist. Others, more simply, a masochist. This Brooklynite shares her deepest innermost thoughts from 6th grade in a show perhaps best summed up by its name: "Mortified."Wehrung is 37, single, and claims to have $37 in her bank account.Financially poor maybe, the ensemble real-life characters of "Mortified" are all filthy rich in memories.
    Some might call Jenn Wehrung a performance artist. Others, more simply, a masochist. This Brooklynite shares her deepest innermost thoughts from 6th grade in a show perhaps best summed up by its name: "Mortified."Wehrung is 37, single, and claims to have $37 in her bank account.Financially poor maybe, the ensemble real-life characters of "Mortified" are all filthy rich in memories.
  • FAA bans U.S. flights to Tel Aviv airport

    FAA bans U.S. flights to Tel Aviv airport

    Tuesday, July 22 2014 10:39 PM EDT2014-07-23 02:39:02 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

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

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