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

Market Insight

If budgeting for a New York City apartment feels like a daunting endeavor, it’s not your imagination - CityRealty listings show that median Manhattan prices are a whopping $2,479,107 for condos and $877,303 for co-ops. However, it is important to note that the down payment and mortgage are not th...
When you buy a home, the last thing you want to think about is what might happen if there is a disaster, but disasters do happen, and New Yorkers know this more than anyone else. From the 9/11 attacks that forced thousands of Lower Manhattan residents to leave their homes to the massive flooding ...
As part of New York City’s Climate Mobilization Act, New York City buildings are scrambling to improve energy efficiency before local law 97 goes into effect in 2024. One building that does not have to work on this is The Solaire, a green pioneer at 20 River Terrace: An on-site water treatment ce...

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Pricing based on the past 12 month sales
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For the second quarter of 2021, the average sale price of Manhattan* apartments rose 10% Y-O-Y when compared to Q2 2020 and up 18% when compared to Q1 2021. The average sale price for all residential units, excluding townhouses, was $2.02 million, up from $1.84 million recorded in Q2 2020. The a...
At the height of the coronavirus pandemic, residents left New York City in such droves that some wondered if this meant the end of urban living. However, between encouraging vaccination rates, a return to in-person work and learning, and the resumption of popular cultural events, reports of the c...
From January 11-18, 2022, a total of 127 publicly listed sales units throughout New York City experienced price cuts. Among them was a five-bedroom, five-bath home at Soori High Line. While many luxury condominiums count residents-only pools among the amenities, the SCDA-designed Soori High Line ...
It’s finally happened — as of January 1, 2022, New York City has left the de Blasio era and sworn in Mayor Eric Adams. A few weeks into his term, the new mayor launched NYC Speaks, a public engagement campaign that offers New Yorkers the chance to weigh in on a wide range of city issues. The resu...
Updated 1/12/2022 with new lotteries in East Harlem, Williamsburg, Bushwick, Prospect Heights, Astoria, Jamaica, and Fordham. In Mayor Bill de Blasio’s “tale of two cities” speech, he cited housing and homelessness as examples of the stark inequality in New York City. As his tenure as mayor draw...
Between easy access to Manhattan, spectacular skyline views, and comparably approachable prices, buyers would appear to be snatching up Long Island City condos as quickly as they’re going up - which is saying something, given a local building boom that has yielded intimate, well-appointed boutiqu...
Young architects often wax on about the endless potential of concrete — its malleability and color options seem idyllic and endless. Morris Adjmi feels the same way about brick. With his firm’s motto “standing out while fitting in,” Adjmi uses brick to challenge perceptions of depth, light, and l...
For centuries, Manhattan real estate has proven to not only be a safe investment but often a lucrative one, especially for those who hold onto their properties long enough. John Jacob Astor, the craven 19th-century property magnate said to be the county's first multimillionaire, lamented on his d...
Over the past several years, New York’s housing construction has failed to keep pace with the city’s growing population. The City notes that construction lagged in the wake of the 2008 financial crisis, and that pandemic-induced halts of all but the most essential construction left a mark. Throug...
During the Gilded Age, the Upper East Side was known for the opulent mansions lining the streets. More than 100 years later, period drama The Gilded Age is set to premiere on HBO and a new Gilded Age appears to be taking shape off-screen. This time, instead of single-family mansions, a new crop o...

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