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	<title>Manhattan &#8211; USA NEWS LIVE</title>
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	<title>Manhattan &#8211; USA NEWS LIVE</title>
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		<title>Manhattan is a “buyer’s market” as real estate prices fall and inventories rise</title>
		<link>https://bloggingthree.soflytech.com/2024/07/manhattan-is-a-buyers-market-as-real-estate-prices-fall-and-inventories-rise/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Tue, 02 Jul 2024 05:36:01 +0000</pubDate>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[buyers]]></category>
		<category><![CDATA[estate]]></category>
		<category><![CDATA[fall]]></category>
		<category><![CDATA[inventories]]></category>
		<category><![CDATA[Manhattan]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[prices]]></category>
		<category><![CDATA[real]]></category>
		<category><![CDATA[rise]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=7906</guid>

					<description><![CDATA[Manhattan is becoming a buyer&#39;s market as home prices fall and inventory rises within the second quarter of 2024, latest reports show. The average sales price for Manhattan homes fell 3% to only over $2 million, in accordance with a report from Douglas Elliman and Miller Samuel. The median price fell 2% to $1.2 million, [&#8230;]]]></description>
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<p>Manhattan is becoming a buyer&#39;s market as home prices fall and inventory rises within the second quarter of 2024, latest reports show.</p>
<p>The average sales price for Manhattan homes fell 3% to only over $2 million, in accordance with a report from Douglas Elliman and Miller Samuel. The median price fell 2% to $1.2 million, and luxury apartment prices fell for the primary time in over a 12 months, in accordance with the report.</p>
<p>The drop in prices is a results of the increasing supply of apartments on the market, that are also taking longer to sell. According to Jonathan Miller, CEO of appraisal and research firm Miller Samuel, there are currently greater than 8,000 apartments on the market in Manhattan, which is greater than the 10-year average of about 7,000.</p>
<p>Manhattan currently has a 9.8-month supply of apartments on the market, which Brown Harris Stevens says means it will take 9.8 months to sell all of the apartments available on the market without latest listings coming in. &#8220;Any number above 6 months tells us there is too much supply and we are in a buyer&#39;s market,&#8221; the Brown Harris Stevens report states.</p>
<p>The falling prices and rising variety of unsold apartments in Manhattan contrast with the national real estate landscape, where persistently tight supply continues to maintain prices high. Brokers and real estate analysts say high prices in Manhattan have grow to be unsustainable post-Covid, and each buyers and sellers are eventually capitulating to the next rate of interest environment.</p>
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<p>&#8220;Buyers and sellers are losing their resolve,&#8221; Miller said. &#8220;At a certain point, they can&#39;t wait much longer before they feel like they have to take action.&#8221;</p>
<p>As the gap between buyers&#39; and sellers&#39; expectations narrows, more deals are being closed. According to the Douglas Elliman and Miller Samuel report, there have been 2,609 sales within the second quarter, up 12% from the previous 12 months. This was the primary rebound in sales in two years.</p>
<p>“At the start of the second quarter, the New York real estate market awoke from the doldrums<strong> </strong>where it was languishing in the primary quarter of 2024. Deals began to seem in all price categories,&#8221; said Frederick Warburg Peters, president emeritus of Coldwell Banker Warburg.</p>
<p>High rents in Manhattan also continue to encourage sales. The average rental price for an apartment was still above $5,100 per month in May, and rents tend to rise in late summer. Many potential buyers who had been waiting out the rent-to-own market are now finally deciding to buy, hoping that interest rates will start to fall in late 2024 or early 2025.</p>
<p>“If people were undecided, high rents may have pushed them to enter the purchase market,” Miller said.</p>
<p>However, mortgage rates have less of an impact on the Manhattan real estate market than in the rest of the country because most sales in Manhattan are made with cash. In the second quarter, 62% of transactions were made with cash.</p>
<p>While prices fell across all segments of the Manhattan real estate market, the high-end segment is among the weakest as the wealthy wait to buy until after election uncertainty. Median sales prices in the luxury segment &#8212; or the top 10% of the market &#8212; fell 11% in the second quarter, according to Miller Samuel. Luxury housing supply rose 22%.</p>
<p>&#8220;At the highest end, this weakness may very well be the beginning of a trend or simply a one-off event,&#8221; Miller said. &#8220;We&#39;ll must wait and see what happens within the second half.&#8221;</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>Manhattan DA Bragg and Trump hush money prosecutor to testify before Congress – The Mercury News</title>
		<link>https://bloggingthree.soflytech.com/2024/06/manhattan-da-bragg-and-trump-hush-money-prosecutor-to-testify-before-congress-the-mercury-news/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Wed, 12 Jun 2024 17:42:48 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Bragg]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[hush]]></category>
		<category><![CDATA[Manhattan]]></category>
		<category><![CDATA[Mercury]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[prosecutor]]></category>
		<category><![CDATA[testify]]></category>
		<category><![CDATA[Trump]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=6127</guid>

					<description><![CDATA[NEW YORK — Manhattan District Attorney Alvin Bragg and a member of the prosecution team that secured the conviction of Donald Trump for covering up a conspiracy to hide information from voters agreed Tuesday to testify before Congress in regards to the case next month. &#8220;The spread of dangerous misinformation, baseless claims and conspiracy theories [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.mercurynews.com/wp-content/uploads/2024/06/US-NEWS-NY-TRUMP-TRIAL-CONGRESS-GET.jpg?w=1400px&amp;strip=all" /></p>
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<p>NEW YORK — Manhattan District Attorney Alvin Bragg and a member of the prosecution team that <a href="https://www.nydailynews.com/2024/05/30/donald-trump-historic-verdict-guilty-hush-money-scheme-cohen-daniels/">secured the conviction of Donald Trump</a> for covering up a conspiracy to hide information from voters agreed Tuesday to testify before Congress in regards to the case next month.</p>
<p>&#8220;The spread of dangerous misinformation, baseless claims and conspiracy theories after the jury returned a conviction on all felony counts in People v. Trump undermines the rule of law,&#8221; a Bragg spokesman said in an announcement to the New York Daily News.</p>
<p>&#8220;Nevertheless, we respect our government institutions and intend to appear voluntarily before the subcommittee after the verdict is announced.&#8221;</p>
<p>Bragg and Assistant District Attorney Matthew Colangelo, <a href="https://www.nydailynews.com/2024/04/22/opening-statements-expected-at-trumps-nyc-hush-money-trial-live-updates/">who gave the prosecution&#39;s opening speech within the hush money trial</a>will voluntarily face questions from the Republican-led House Judiciary Committee on July 12, the day after Trump&#39;s conviction. Both have been the topic of relentless attacks from the appropriate, accused of being a part of a Democratic-led plot to stop the previous president from regaining power.</p>
<p>A jury found Trump, the likely Republican presidential candidate, <a href="https://www.nydailynews.com/2024/05/30/donald-trump-historic-verdict-guilty-hush-money-scheme-cohen-daniels/">guilty on 34 counts of falsifying business records on May 30</a> after a seven-week trial in Manhattan Supreme Court, making him the primary U.S. president ever convicted of a criminal offense. Trump has said he&#8217;ll appeal and will face prison time if he returns to court. He can be accused of tampering with the outcomes of the 2020 election and hoarding and mishandling sensitive government documents. <a href="https://apnews.com/projects/trump-investigations-civil-criminal-tracker/">in three other cases</a>during which he pleaded not guilty.</p>
<p>The indictment in Manhattan goes back to Trump’s <a href="https://www.nydailynews.com/2024/05/18/donald-trump-hush-money-trial-lawyers-discredit-michael-cohen-stormy-daniels-analysis/">Refund to Michael Cohen</a> for bribing porn star Stormy Daniels 11 days before the 2016 election as a part of a plan to cover up sordid allegations about his past from voters, which included bribes to former Playboy model Karen McDougal <a href="https://www.nydailynews.com/2024/06/01/the-trump-tower-doorman-often-overlooked-in-the-hush-money-saga-speaks-out-exclusive/">and a doorman at Trump Tower</a>.</p>
<p>In <a href="https://www.nydailynews.com/2023/04/17/nyc-mayor-adams-blasts-jim-jordan-gop-over-political-stunt-hearing-to-embarrass-da-alvin-bragg/">the newest of many efforts by Trump-supporting Republicans</a> In an effort to discredit the criminal charges against their leading presidential candidate, Ohio Rep. Jim Jordan called on Bragg and Colangelo to testify before the subcommittee he chairs on “Weaponization of the Federal Government” the day after Trump’s conviction in May.</p>
<p>Trump&#39;s allies have claimed that Colangelo and Bragg&#39;s overlap within the New York Attorney General&#39;s office and Colangelo&#39;s former position within the Justice Department are evidence of a White House-orchestrated conspiracy to remove him. President Biden&#39;s son Hunter Biden was <a href="https://www.nydailynews.com/2024/06/11/hunter-biden-guilty-3-felonies-federal-gun-trial/">convicted of gun possession in a Justice Department case</a> A jail sentence of as much as 25 years is scheduled to be imposed on Tuesday.</p>
<p>The House Judiciary Committee announced on Tuesday that it <a href="https://judiciary.house.gov/schedule">can even hold a hearing this Thursday</a> to review the “political prosecution of President Trump” by the prosecutor’s office.</p>
<p>&#8220;The conspiracy theory that the recent jury verdict in a New York state court was somehow controlled by the Department is not only false, it is irresponsible,&#8221; Uriarte wrote.</p>
<p>&#8220;In fact, allegations of misconduct made without – or even contrary to – evidence undermine confidence in the justice system and have led to an increase in threats of violence and attacks on police officers and prosecutors.&#8221;</p>
<p>Uriarte categorically denied any cooperation between the state prosecutor&#39;s office and the federal Justice Department against Trump and said he believed this was clear to those making the allegations.</p>
<p>“The Department has no control over the District Attorney, just as the District Attorney has no control over the Department,” Uriarte wrote.</p>
<p>“The committee knows that.”</p>
<p><em>©2024 New York Daily News. Visit <a href="https://www.nydailynews.com/">more</a>. Distributed by Tribune Content Agency, LLC.</em></p>
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<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Judge Judy&#039;s Manhattan duplex on the market for $9.5 million</title>
		<link>https://bloggingthree.soflytech.com/2024/05/judge-judys-manhattan-duplex-on-the-market-for-9-5-million/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Fri, 31 May 2024 04:16:11 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[duplex]]></category>
		<category><![CDATA[Judge]]></category>
		<category><![CDATA[Judy39s]]></category>
		<category><![CDATA[Manhattan]]></category>
		<category><![CDATA[million]]></category>
		<category><![CDATA[sale]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=4980</guid>

					<description><![CDATA[Property NEW YORK — Judith Sheindlin, higher often known as television&#39;s &#8220;Judge Judy,&#8221; is listing her Manhattan home, a duplex penthouse with a wraparound terrace and scenic views of the East River, on the market for the primary time in greater than a decade. The asking price for the apartment at 14 Sutton Place S. [&#8230;]]]></description>
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<p>NEW YORK — Judith Sheindlin, higher often known as television&#39;s &#8220;Judge Judy,&#8221; is listing her Manhattan home, a duplex penthouse with a wraparound terrace and scenic views of the East River, on the market for the primary time in greater than a decade.</p>
<p>The asking price for the apartment at 14 Sutton Place S. within the Sutton Place enclave is $9.5 million, based on brokers Tom Postilio and Mickey Conlon, a team of Compass. Monthly maintenance costs are about $10,130.</p>
<p>&#8220;We have enjoyed this gem of a home,&#8221; Sheindlin said in an email. &#8220;Time to simplify,&#8221; she added together with her typical directness.</p>
<p>Sheindlin, a Brooklyn native and former Manhattan family court judge, played the role of the no-nonsense judge on the long-running television series &#8220;Judge Judy.&#8221; She now appears on the courtroom show &#8220;Judy Justice&#8221; on Amazon Freevee. Her husband, Jerry Sheindlin, a former New York Supreme Court justice, was also a television personality and starred on &#8220;The People&#39;s Court&#8221; for several seasons.</p>
<p>The couple bought the Sutton Place home as a second home in 2013, paying $8.5 million for it. (Their purchase got here shortly after the sale of one other second home within the Sherry Netherland Hotel a number of blocks away.) They owned several other homes across the country, in places like Newport, Rhode Island; Greenwich, Connecticut; Naples, Florida; and Los Angeles.</p>
<p>The duplex penthouse occupies the highest two floors of 14 Sutton Place S., a 14-story brick and limestone constructing with 92 additional units designed by renowned architect Rosario Candela within the late Twenties. Located on the corner of East 56th Street, it was converted right into a cooperative apartment complex within the late Nineteen Fifties.</p>
<p>The apartment has retained lots of its original architectural elements, comparable to the 2 wood-burning fireplaces with ornate mantels, classic moldings, hardwood floors, and the sweeping wrought iron and wood staircase. Ceiling heights reach as much as 10 feet and the rooms are generously proportioned.</p>
<p>&#8220;The floor plan is modern and open,&#8221; Conlon said, noting that the Sheindlins left the ground plan largely unchanged and made few cosmetic changes through the years. &#8220;It&#39;s grand, but not ostentatious in any way.&#8221;</p>
<p>“Classic and stunning,” added Postilio, “not a standard work.”</p>
<p>The house has 4 spacious bedrooms, 4 marble and tile bathrooms, two guest toilets and a sublime wood-paneled library.</p>
<p>The fundamental entrance is upstairs. A spacious gallery with inlaid marble flooring results in a windowed eat-in kitchen equipped with a wood center island, marble countertops and skilled appliances. The Sheindlins added a powder room off the kitchen where the previous owner once had a wine cabinet.</p>
<p>Beyond the kitchen is the formal dining room with floor-to-ceiling French doors that open onto a terrace that provides stunning city and river views. The outdoor space is irrigated and planted with potted plants, and there are areas for relaxing and dining.</p>
<p>“It’s wonderful for entertainment,” said Postilio.</p>
<p>Access to the terrace can also be through the large lounge, which has a fire, and thru the library, which has a second fireplace and a guest toilet.</p>
<p>A staircase next to the apartment entrance leads right down to the 4 bedrooms, three of that are en-suite. The large main bedroom has a sitting area, built-in storage and lots of closet space.</p>
<p>&#8220;There&#39;s a nice separation between the public and private areas and even between the bedrooms,&#8221; Conlon said. &#8220;It&#39;s a real jewel box. And it&#39;s comfortable.&#8221;</p>
<p>This article originally appeared in <a href="https://www.nytimes.com/2024/05/24/realestate/judge-judy-penthouse-sale-manhattan.html">The New York Times</a>.</p>
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