« June 2005 | Main | August 2005 »
July 20, 2005
NY real estate ploted by Miller Samuel
Home price vs home listing Gain (Loss) in Inventory vs. Median Sales Price
[ more ]
Posted by omor at 11:30 PM | Comments (0) | TrackBack
Anthony Nicoletti, Bayberry Builders
For residential real estate in the Eastern Long Island area,
Anthony Nicoletti is affiliated with Bayberry Builders L.L.C. a
builder of high quality custom homes on the North Fork of Long Island.
Posted by omor at 07:40 PM | Comments (0) | TrackBack
July 17, 2005
South Fork, Hamptons estate agents
House prices keep leaping upward, especially on the South Fork,
where the median price in the first quarter of 2005 surpassed
$700,000, according to Long Island Profiles, a Bay Shore company
that tracks the real estate market. The supply of properties for
sale for $1 million or more seems to be expanding exponentially.
And so is the number of people on a quest for the Holy Grail: the
sales commission on a multimillion-dollar house.
The math is seductive: The ordinary commission, 6 percent of the sale
price, amounts to $60,000 on a $1 million house. Sell just five of
those a year as exclusive listings, and you are talking $300,000 in
gross income. Close a deal on a single $12 million estate - there are
several on the market at the moment - and the potential payoff is a
dizzying $720,000.
That's why the South Fork - one of the country's hottest real estate
markets, with prices rising at double-digit rates every year - now has
more agents and brokers than ever before. Large companies like the
Corcoran Group, Prudential Douglas Elliman and Sotheby's have added
scores of sales people in the Hamptons over the last five years, and
locally owned offices are merging and expanding to compete with the
big names.
Although the rest of Long Island has also seen double-digit growth,
the first-quarter median house price for Nassau and Suffolk was
$447,700, much less than the $700,000-plus on the South Fork.
[NYT]
Posted by omor at 07:48 PM | Comments (0) | TrackBack
July 13, 2005
Calverton Enterprise Park and LIRR
Two "mega" concerts planned for the former Calverton Naval Weapons
Airfield site, now known as Calverton Enterprise Park.
(See also 55 bucolic miles from Great Neck to Calverton)
An opportunity of the LIRR ? Or will the LIRR maintain that demand
fon the North Fork is still low, as , Sunrise Express enjoys
record high patronage ?
These events will occur over 2 summer weekends, June 7 & 8th and then
again on August 9th and 10th. Up to 80,000. tickets will be sold
for EACH DAY, some of these tickets will be for peopple who want to
spend the weekend and camp on site, but most will be for people
attending 1 day only.
Yes, the Main Line (or the Greenport Branch) runs right next to the
concert site, and there even is a "station site" for Calverton (it has
not been a station since the mid-80's), that at a minimum a temporary
wooden high level platform could be constructed for (similar to what
Metro-Noth built at Yankee Stadium in case of the NYC transit strike
in December).
Ken Allan, [LIRRCommuters] LIRR Service to Calverton Concert Sites
(LIRRCommuters@yahoogroups.com)
Date: Tue, 06 May 2003 20:23:53
Posted by omor at 02:51 PM | Comments (0) | TrackBack
July 08, 2005
Young Manhattanite
Young Manhattanite¹ by Krucoff.
Following Nick Denton and and Jason Calacanis.
Posted by omor at 03:00 AM | Comments (0) | TrackBack
July 02, 2005
Urban Colossus: Why is New York America's Largest City?
New York has been remarkably successful relative to any other large
city outside of the sunbelt and it remains the nation's premier
metropolis. What accounts for New York's rise and continuing success?
The rise of New York in the early nineteenth century is the result of
technological changes that moved ocean shipping from a point-to-point
system to a hub and spoke system; New York's geography made it the
natural hub of this system. Manufacturing then centered in New York
because the hub of a transport system is, in many cases, the ideal
place to transform raw materials into finished goods. This initial
dominance was entrenched by New York's role as the hub for
immigration. In the late 20th century, New York's survival is based
almost entirely on finance and business services, which are also
legacies of the port. In this period, New York's role as a hub still
matters, but it is far less important than the edge that density and
agglomeration give to the acquisition of knowledge.
Edward L. Glaeser
* NBER Working Paper No. 11398
Issued in June 2005
NBER Program(s): EFG
Posted by omor at 08:06 PM | Comments (0) | TrackBack