Ross Ellis' Blog

        NYC Restaurant Week SUMMER 2008.JULY 21-25 | JULY 28 - AUGUST 1Three-Course Prix-Fixe Dining.Lunch $24.07 | Dinner $35.00Beverages, gratuities and taxes are not included. With so many global buyers coming to Manhattan to purchase apartments, it's a great time to enjoy a Manhattan ritual a...

Below is Vanity Fair's Guide to Outdoor Summer Dining in New york City. Whether you're visting, in New York to purchase real estate or you live here, this is a comprehensive list for you outdoor dining enjoyment in New York City! OUTDOOR DINING Five Front  5 Front St , Brooklyn , NY , 11201 New A...

As a real estate agent in Manhattan, people often tell me they are sorry that things are so bad in real estate. While I agree with that sentiment for many of my fellow brokers in hard hit areas across the country, the first quarter of 2008 in Manhattan did not show an ailing market at all. To the...

As a agent in the Manhattan real estate market I am often asked if one should rent or buy. If one has a good credit score, a maximum debt-to-credit ratio in the mid 40's, can document their income and are liquid equal to 3 months to 36 months of payments then yes, one should consider buying. If o...

With almost two-thirds of U.S. banks having raised their standards for mortgages to their most creditworthy borrowers, three-fourths of U.S. Banks made it more difficult for people with limited or bad credit to get loans. According to a June 11 report by the Washington-based Mortgage Bankers Asso...

           Whether you live in New York City, you're in New York City searching for a new home or just visiting, you cannot afford to miss the joys of this amazing metropolis in the summer. From Bryant Park to Lincoln Center, Central Park, Hudson River Park, Uni0on Square Park and many others, th...

While new developments in Manhattan are becoming more environmentally conscious, there is a new "green" architectural beauty, which will be home to 251 condominium residences with expected occupancy in 2008. Designed by Pelli, the green building will utilize natural and environmentally safe build...

     Foreclosures across the country are increasing in numbers, but not in Manhattan. The reason is partly due to closings at 15 Central Park West and The Plaza, and partly because of the increase of foreign buyers.  Additionally there has been activity from domestic buyers with new Manhattan dev...

The average Manhattan apartment price jumped 47% over the past year to a record $1,690,995 as a result of an increase in luxury sales. Apartments priced at over $10 million rose 318% from the first quarter in 2007. Closings at 15 Central Park West and the Plaza played a large role in the price in...

Cooperative This type of home ownership, is when one owns shares of stock in a corporation that owns the building. These shares are considered "personal property" similar any other shares of stock. For tax purposes, the IRS has recognized this form of ownership and under normal circumstances any ...