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Central Park West | From 'Urb to 'Burb Blog

Tuesday, January 14, 2020   /   by Vanessa Saunders

There's a surprise inside half the condos in those skinny luxury Manhattan towers.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems


You know all those ultra-slender, ultra-fancy tower condominiums that have been popping up out of the Manhattan concrete since 2015? Next time you look at one, bear in mind that half the condos in them are empty. Surprise! No buyers, according to Nancy Packes Data Services. The other half are probably Starbucks that have gone vertical. 

The reason for all the empty rooms over Manhattan: a combination of overly aggressive pricing and a growing public disdain for the skyline-disrupting mansions in the clouds. But really, it's all about pricing.

Comparing the prices of new development units to resale units over the last decade tells the story. In 2012, new units sold for a 22% higher prices than resale units. At the end of last year, the premium was 118%. 

Nancy Packes lists three reasons for the “extraordinary oddity of the current cycle. ”  

According to Packes, buil ...

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  westchester county, manhattan, executive homes, house pricing, manhattan real estate, westchester home for sale, manhattan coop, central park west, condos, westchester condo, coops, manhattan skyline

Monday, November 18, 2019   /   by Vanessa Saunders

Look out, landlords - Rent control is on the rise.

There's a growing trend among the homeless in New York City. According to Jacquelyn Simone, policy director of Coalition for the Homeless, over the last few years, more and more of the people who come to her agency for help are working New Yorkers who simply can’t keep up with booming rental prices topping nearly $3,000 per month. As a result, she said the city is facing it’s worst homelessness crisis since The Great Depression. Simone added that the length of stay for people in the shelter system has steadily risen as the the supply of affordable apartments has declined. “About a third of families in shelter have someone who is working and just can’t afford an apartment.” 

The Joint Center for Housing Studies’ 2019 State of the Nation’s Housing report confirmed that the stock of low-cost units priced below $800 per month has actually declined 17 percent (4 million) since 2011.

Inman News reported recently that the problems seen in ...

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  hudson valley real estate, orange county ny, westchester county, rockland county, 'urb to 'burb, ulster county, sullivan county, manhattan, dutchess, buying vs renting, hudson valley living, manhattan real estate, rental available, central park west, multi-family, rentals

Friday, October 11, 2019   /   by Vanessa Saunders

If these two charts don't piss you off, you just might be a billionaire.

The massive income inequality in the U.S. and globally is a topic that everyone from political candidates to billionaires are talking about. Bernie Sanders said recently that "billionnaires should not exist." Good old Bernie. Mark Zuckerberg, who, with a net worth of $69.8 billion, according to Bloomberg, recently stated “I don’t know if I have an exact threshold on what amount of money someone should have but at some level no one deserves to have that much money.”

Bloomberg Businessweek developed a chart that shows the breakdown of wealth in the world, and gives ranking of wealth from the poorest (-2) to the richest (11) . Everyone in the world therefore has a “wealth number.” The chart makes it very clear just how extremely one sided the world's the distribution of wealth is. 



Scoring an 11 are just two multi-billionaires in the world: Jeff Bezos and Bill Gates. That Businessweek ranking means they have $100 billion or more. In case you ...

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  hudson valley real estate, hudson valley property, hudson valley home, home investment, financing, executive homes, vacation property, westchester home for sale, international properties, manhattan real estate, central park west, victorian mansions

Thursday, June 20, 2019   /   by Vanessa Saunders

JUST LISTED | 370 CENTRAL PARK WEST, #311, NEW YORK NY 10025 | GREAT VALUE ON CENTRAL PARK WEST!

Pre-war charmer in a quaint & very unique English Tudor style building designed by Fred F.French in 1917. Enjoy a wonderful lifestyle in a prime Upper West Side neighborhood. 370 CPW is a pet friendly building with a 24 hour doorman & live-in super. There is also a new gym, a central courtyard garden, handy central laundry room, & bike storage room. This 3rd floor unit has 2 bedrooms with excellent closet space in the sizable master bedroom, marble foyer & hardwood floors throughout. Open airy feel with a seasonal sliver view of Central Park. Incredible storage in the built in bookcases. The smaller second bedroom makes for an excellent children’s bedroom or a guest room/home office. Bring your contractor to update your kitchen & bath to enjoy the splendors of CPW! With just steps to the wonders of Central Park & one block to the UWS Whole Foods Complex. Subway & bus transportation is at your doorstep.

Click the Virtual Tour  for more and click ...

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  manhattan, new listing, manhattan coop, central park west, manhattan real estate

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258

The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. ©2020 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale or lease on this web site comes in part from One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2020 One Key, Inc. All rights reserved.

The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.