{"id":518,"date":"2018-05-13T08:54:18","date_gmt":"2018-05-13T13:54:18","guid":{"rendered":"http:\/\/www.realtyhop.com\/blog\/?p=518"},"modified":"2019-04-24T09:46:00","modified_gmt":"2019-04-24T14:46:00","slug":"the-monthly-sales-report-april","status":"publish","type":"post","link":"https:\/\/www.realtyhop.com\/blog\/the-monthly-sales-report-april\/","title":{"rendered":"The Monthly Sales Report: April"},"content":{"rendered":"
New York City is one of the most expensive cities in the U.S. to rent in so one can only imagine the price tags of the units actually for sale. <\/strong> Investing in real estate in New York City can be expensive, but nevertheless, an investment if NYC is the city where you see yourself living for the rest of your life. With more than 8.5 million people residing, across the five boroughs, there are plentiful of housing and investment opportunities for those looking to purchase real estate. This monthly report has its focus on the previous transactions made in April, showing the most expensive transactions (commercial transactions excluded), celebrity transactions, and some statistics to go along with it. The data for the report is provided by ACRIS.<\/p>\n <\/p>\n <\/p>\n With data publicly available by ACRIS<\/a> (ACRIS being the Automated City Register Information System) the public can search property records and view documents for Manhattan, Queens, Bronx, and Brooklyn from 1966 to the present. While RealtyHop has incorporated a feature<\/a> that allows users of the site to conduct their own searches for buy\/sell events by individuals, organizations, or property addresses, a report showing the number of transactions made in the past month as well as some insight to what properties go for, in which borough, has been provided in the report.<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n As a celebrity or a known public figure, purchasing real estate is usually done more privately. Since home purchases are public, most public figures end up purchasing real estate properties through for example an LLC or a trust. This way, the purchase isn’t directly in their name of and the address of the newly purchased property remains private, for a while. However, costly transactions usually don’t go unnoticed. Here are a few of April’s celebrity transactions that we could track down.<\/p>\n <\/p>\n BUYS<\/span> -Doug Band, Bill Clinton\u2019s former advisor purchased David Rockefeller\u2019s townhouse in early April, getting the townhouse for $12.5 less than asking price. Doug Band bought the townhouse for $20,000,000 under the LLC 146 East 65 Llc. <\/span><\/p>\n <\/p>\n SELLS<\/span> – Another big celebrity transaction this month was Bruce Willis. Willis and his wife bought the Central Park West apartment back in 2015 and sold it April 24 for the exact asking price of $17,750,000. <\/span><\/p>\n – For $13.2 million, actor and comedian Mike Myers sold his Soho penthouse on April 25 under the trust Perry Trust, Michael Hecht As Trustee. <\/span><\/p>\n <\/p>\n <\/p>\n The table below shows the total transactions in April for the boroughs Manhattan, Queens, Brooklyn, and the Bronx. Obvious commercial transactions have been removed from the table (as well as any transactions that didn’t clearly show if it was a commercial transaction or not). The data in the table is provided by ACRIS for the month of April and ranks the transactions by the most expensive. We limited the transactions listed below to those of the cost of $100,000 and above. To search for transactions by borough, please refer to using the search field.<\/p>\n As the table shows, there are a lot of purchases made through LLC’s and Ltd’s. While it is not uncommon to see public figures purchasing properties through LLC’s to keep their identity private, it is also not uncommon to see a lot of purchases under Ltd’s. For those investing in real estate, making the purchase through a company is highly beneficial for tax purposes.<\/p>\nSome information about ACRIS<\/strong><\/h5>\n
\nA brief look at the month of April<\/strong><\/h5>\n
Total transactions statistics:<\/em><\/h6>\n
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\nBrooklyn again placed third with, again, with approximately 25% of this month’s transactions while the Bronx ended up with the same number as last month as well, 9%.<\/li>\n<\/ul>\nMedian closing price per borough:<\/em><\/h6>\n
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\nCelebrity transactions in April<\/strong><\/h5>\n
\n-Andrew Lauren, Ralph Lauren\u2019s son bought an apartment on fifth avenue for $21,000,000 on 4\/13\/18. The apartment belonged to socialite Georgette Mosbacher for 25 years. <\/span><\/p>\n
\n– Sting sold his Upper West Side apartment to the LLC 15 Cpw Ph Llc for $50,000,000 on 4\/5\/2018. While the apartment sold for $6 less than the asking price, Sting certainly made a profit considering he bought the place in 2008 for $27 million. Sting made the transaction under his real name, Gordon Sumner. <\/span><\/p>\n
\nAn overview of the total transactions made in April<\/strong><\/h5>\n