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A stack of bills awaiting Governor Kathy Hochul’s signature includes the “Fair and Transparent Real Estate Listings Act,” a measure that would make public marketing the default for residential sale and rental listings in New York State. The bill does not eliminate private listings outright, but i...
Manhattan’s luxury housing market is already subject to mansion taxes and transfer taxes. As of July 1, 2026, the luxury market will be subject to another tax—New York’s pied-à-terre tax on second homes.
From June 2-8, 2026, nearly 450 condos, co-ops, condops, and townhouses experienced price reductions. This is a noticeable week-over-week spike in the number of price reductions; however, the vast majority of cuts were small reductions below 10 percent, possibly aimed at drawing attention to a li...

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In the first quarter of 2026, Manhattan’s apartment contracts totaled $6,906,075,016 in ask volume across over 2,500 deals, with the average asking price coming in at $2.681M and an average of $1,709 per square foot. The buildings that accounted for the most activity tend to follow a familiar pa...
After Wednesday night’s Game 4, when the Knicks erased a 29-point deficit to beat the San Antonio Spurs by a single point, New York did what New York does best: turned a basketball game into a full-city event. Madison Square Garden was sold out, celebrities filled the courtside seats, and fans po...
Directly east of Midtown's prominent office towers is one of its more peaceful enclaves. Turtle Bay spent centuries as farmland, and its residential renaissance began over 100 years ago when Charlotte Hunnewell Sorchan bought and renovated a row of townhouses, created a garden from their adjoinin...
From June 1-7, 2026, 261 residential contracts were signed in Manhattan. This was a week-over-week spike, possibly due to the return to a full business week after Memorial Day. It was a busy time for high-end contracts with 44 listings asking over $3.9 million, and five of the week's ten highest-...
As of mid-June 2026, a lottery is underway for the affordable apartment waitlist at Three Waterline Square, one of three towers in the Waterline Square complex on the Far West Side, and the only one entirely dedicated to rentals. Households earning 40% ($30,515 - $73,280/year) and 60% of the Area...
Prior to the pandemic, New York City was on a record-setting tourism streak. In 2019, the city welcomed more than 66.6 million visitors, marking its tenth consecutive annual high, according to the city’s official tourism bureau, NYC & Company. That momentum was abruptly interrupted by the pandemi...
On the week ending June 6, 2026, 217 residential apartment sales were recorded in Manhattan. As this week marked the return to a full business week after the Memorial Day holiday, it likely accounted for the week-over-week jump in the number of sales recorded. This took place at a time when stati...
Mayor Zohran Kwame Mamdani ran on a platform that included building affordable housing and taking bad landlords to task. To that end, his office has recently released "Block by Block," his long-awaited housing plan that calls for the construction of 200,000 new affordable homes and the preservati...
Limestone is one of the most ancient building materials in the world, and part of several of New York City's most iconic buildings. Limestone structures like the Empire State Building, Rockefeller Center, the New York Public Library, Grand Central Terminal, the Metropolitan Museum of Art, and the...
Co-op apartments in New York City remain a highly sought-after option, even amidst a growing number of amenity-rich, board-free condo developments. While the average selling price of a Manhattan condo is nearly double that of a co-op, flattening mortgage rates have helped fuel a rise in both co-o...

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