Ross Ellis' Blog

Please Join Me in MAKING A DIFFERENCEWith the holidays upon us, it's a time to give gifts to our loved ones, friends and customers.We buy gifts for our loved ones but how often do we remember those in need who we could all MAKE A DIFFERENCE for?  There are wonderful groups doing important work wh...

The holiday season is here and it's time to start thinking about tipping for services in our apartment buildings.For those living in Manhattan, holiday tipping is the norm and can seem endless.While it's important to be generous, it's also important to be realistic about what you can afford.  Apa...

In the third quarter, the median price of a Manhattan apartment reached a record high of $995,000, an 11% gain from the prior year. Fewer high-end resale closings brought the average apartment price down from the second quarter, but at $1,722,955 was still 5% higher than the third quarter of 2014...

Manhattan apartment prices averaged $1,809,146 in the second quarter, down slightly from the first quarter’s record level, but 8% more than a year ago. The median price also fell slightly from the prior quarter, but was 6% higher than the second quarter of 2014.Cooperative Average Sale Price The ...

A decline in high-end new development closings brought the average apartment price down from last quarter’s record level in Manhattan. At $1,735,628, this figure was 2% higher than a year ago and the second highest average price on record. The median price of $970,000 was a 7% improvement from th...

For the last few years, the wonderful neighborhood of Yorkville has been an eyesore due to the Second Avenue subway construction. Now it’s making a great comeback! With approximately 78,000 residents, Yorkville is one of Manhattan’s more modest little neighborhoods between 79th and 96th Streets f...

Two of the biggest events in NYC every February are New York Fashion Week and NYC Restaurant Week. Mercedes Benz New York Fashion Week, the world’s biggest event in fashion began last week. And even though NYC is seeing the coldest weather we’ve seen in 20 years, New Yorkers, celebrities and visi...

A surging local and national economy, low interest rates, foreign investment and record stock prices have kept demand for Manhattan real estate very strong at a time when supply remains constrained. Low supply and the sharp price increases over the past year have led to some buyer frustration, an...

  The average price for all Manhattan apartments was $1,675,021 in the third quarter, 18% more than a year ago. While this is slightly below the record level of 2014’s first quarter, it is the second highest average price ever. Much this increase over the past year has been due to luxury activity...

  It's that time of year again! NYC Restaurant Week Summer 2014 is here and filled with the BEST restaurant offerings from July 21st to August 15th!   If you live in Manhattan you already know about NY Restaurant Week. If you're new to Manhattan or thinking about moving to this great city, New Yo...