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A blog from CityRealty (Links below will take you to the 6sqft site)

Market Insight

As of October 21, 2020, CityRealty listings show 13,062 condos, co-ops, condops, and townhouses for sale throughout New York City. Manhattan's median condo prices dipped a little further to $2,000,920, or $1,673 per square foot. The co-op median ticked up slightly to $905,643.
With over fifteen years of real estate experience and nearly a billion dollars in closed transactions, Lindsay Barton Barrett is a real estate agent at Elliman recognized by The Wall Street Journal as one of the country's top brokers. She has built a loyal and expansive client network almost excl...
Over the past few years, Rockrose Development has transformed the Long Island City skyline and rental market alike with soaring new amenity-rich rentals. Linc LIC was the neighborhood’s tallest building when it opened in 2013, but would later be dwarfed by Eagle Lofts and Hayden. The developer co...

Type

Bedrooms

Avg / Median

Currency

Pricing based on the past 12 month sales
Buildings
 
Largely due to the impacts of the ongoing COVID-19 pandemic, for the second quarter of 2020 the average sales price of apartments in Manhattan fell 15% when compared to the same period of the second quarter of 2019. The number of recorded sales fell substantially (-60%), from 2,732 to 1,087 reco...
For all the architecturally adventurous facades and jaw-dropping amenities that newly constructed condominiums have to offer, the interiors of the new apartments tend to be bland white boxes with little character or charm. This is where condo conversions of industrial or commercial buildings come...
The Naftali Group in partnership with Rockefeller Group have cleared a corner of walk-up buildings on the Upper East Side to make way for a soaring and stately condominium tower designed by Robert A.M. Stern Architects. Anticipated to stand 35 floors and 489 feet high (from street level to pinnac...
For the second full week of October 2020, Manhattan real estate experienced a nice bump in deals with $188,538,969 (+39% week-over-week) closings of 124 apartments (+68%) recorded by the city's tax department. The overall median price of an apartment came in at $990K. The 71 condo deals penciled...
Just south of the slow-as-molasses and desperately needed metamorphosis of Penn Station, the area once known as the 'Fur District' is transforming into a mixed-use residential community. As we covered last week, the anticipated opening of Moynihan Station next year and a State-led vision to expan...
The city's market-rate rental inventory has finally flatlined after a precipitous record-breaking climb over the summer. The number of availabilities throughout Manhattan and parts of Brooklyn fell slightly to 21,250 listings but still is more than double the inventory prior to the pandemic. Als...
For many New Yorkers, one of the best parts of living in the city is access to a rich artistic and cultural scene practically right outside the front door. And as pleasurable as it can be to attend a performance or visit a museum, the benefits go beyond simple pleasure. According to Create NYC, a...
In early 2019, demolition permits were filed to bring down 270 Park Avenue, the former world headquarters of JPMorgan Chase before moving across East 47th Street into the former Bear Stearns Building at 383 Madison Avenue. Fast-forward 18 months later and the mid-century tower has been erased fro...
As the temperature drops and people start to spend more time inside, a fireplace can go a long way to making an apartment feel homier and more comfortable. This can sound like an unattainable luxury, especially in some of New York's most highly coveted neighborhoods, but we found Greenwich Villag...
New York City's rental market slump caused by the repercussions of the pandemic effectively shows that if there is a large enough inventory of vacant units, prices will fall to levels within the reach of more renters. Then the question remains, why don't we continuously replenish our supply of av...

More In Market Insight

Luxury Homes in Midtown | Newly Renovated Studio-2BR Homes View Property
Spacious 1 Bedrooms with outdoor space and in-residence w/d View Property
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