MNS releases the August 2012 Manhattan Rental Report

Some highlights of the Manhattan report include the following: East Side Inventory Down: A recent influx of renters to the Upper East Side, Lower East Side and East Village accounted for 60% of August's decrease in rental inventory. Rise of the Two-Bedroom: Since 2009, two-bedroom units have incurred the highest increase in rental rates - non-doorman units up $839 and doorman units up $896. Doorman Dilemma: If you prefer having a doorman but opted to skip the extra cost, think again. Month-over-month, the greatest increase in rates across all unit types occurred in non-doorman apartments, with Greenwich Village studios up 7.4%, Midtown East one-bedrooms up 6.7%, and Gramercy two-bedrooms up 5.1%. Tribeca Still Trendy: This neighborhood saw the largest monthly rental increase, with non-doorman studio apartments now an average of $4,133 per month. This is a steep $285 increase from July, and $340 from August 2011.

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Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights

Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.

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Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.

IPRG closes $2.175m sale of 247 Leonard St.

GFP Real Estate continues leasing momentum at 322 Eighth Ave. with 9,952 s/f of transactions

GFP continues leasing momentum at 322 Eighth Ave.

Zimmet Law Group signs 5,476 s/f lease at GFP Real Estate’s 515 Madison Ave.

Zimmet Law signs 5,476 s/f lease at GFP’s 515 Madison Ave.

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