propertyshark

Brooklyn and Queens in the third quarter of 2008 recorded their lowest number of apartment building sales in two years, according to new data from PropertyShark. Brooklyn notched 1,189 closed building deals in the three months ending Sept. 30, and Queens notched 1,107. (The PropertyShark data defined apartment buildings as those buildings with at least two residential units.)

Not surprisingly, too, the total dollar volumes of apartment building sales were the lowest they've been in two years in both boroughs: $929 million worth of deals for Brooklyn in the third quarter, and $730 million for Queens.  read more »

Surprise! Queens, with 211, led the boroughs in first-time foreclosures in October, according to the latest report from PropertyShark. It's an unenviable position Queens has found itself in for months now.

Last week, we gave you (via PropertyShark's crackerjack research) the Manhattan zip codes with the most $5 million-and-up housing deals in 2008. That list, however, deliberately did not include The Plaza, 15 Central Park West and Time Warner Center.

The above does, and there's a big difference between the two lists: Gone is the dominance of the Upper East Side.

Upper East Side zips claimed four of the top five spots on last week's list. This week, with the three uber-expensive condo towers included, the Upper West Side tops the list. In fact, the number of $5 million deals in zip code 10023, which includes both 15 CPW and Time Warner, jumped from 33 without the duo to 135 with, and propelled 10023 to the top.

Research site PropertyShark crunched the numbers, and came up with where the home sales of at least $5 million were happening in Manhattan this year. The above numbers, ranked by amounts per zip code, cover closed condo, co-op and other single-residential deals from January through Oct. 17. Also: The numbers don't include deals at super-expensive Time Warner Center, 15 Central Park West and The Plaza, which likely would've skewed everything.

There were 665 new foreclosures in Queens during the third quarter of 2008, according to PropertyShark's new report (PDF here), which accounted for half of the new foreclosure auctions in New York City and helped push New York’s quarterly foreclosures to a two-year high of 1,118.

In general, first-time foreclosures were higher in the outer boroughs and relatively non-existent in Manhattan, where there were only 35 in the three months ending Sept. 30. Staten Island had the second-highest number, with 174, followed by Brooklyn (165) and the Bronx (79).  read more »

The above is a chart from research site PropertyShark, which tracks the number of new city foreclosure auctions per month. It shows the 15 zip codes with the most new foreclosures in August. Here's more on the numbers.

Besides the thrill of watching David Bowie lean forward all Bond-villian-like and say, "We don't much like the way you conduct your business," the trailer for the new Josh Hartnett film August will thrill New York real estate wonks that use the research Web site PropertyShark.

Mr. Hartnett plays Tom Sterling, a luxury car-driving, babe-bedding start-up mogul behind an Internet start-up called LandShark. It's not clear what kind of Web site it is ("What do you actually do?" says Rip Torn, "Why the hell would somebody give you a million dollars?"), but the names are pretty absurdly similar.

PropertyShark founder Matthew Haines responded thusly: "I watched the trailer and found no similarities with PropertyShark," so apparently there won't be any thrilling lawsuits.  read more »