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

Market Insight

It is too soon to gauge the long-term effects of the coronavirus pandemic on New York real estate, but it led to a leap in rental inventory in the immediate term. In January 2020, CityRealty registered 7,793 available rental listings throughout Manhattan, western Queens, and northern Brooklyn. Th...
Academy Award-winning actress Jennifer Lawrence is well known for her numerous acting awards, but has more quietly amassed a small collection of New York real estate as well. She sold her Upper East Side penthouse over the summer and still owns an apartment at the star-studded 443 Greenwich Stree...
In a city that set the record for the country's most expensive home sale, and where a penthouse recently sold for $100 million, low- and middle-income buyers might reach the conclusion that there is no place for them in New York. That would be an incorrect one: HDFC apartments can be found at jaw...

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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...
It may sound hard to believe now, but there was a time when New York City condo and co-op prices were relatively in sync. The amenity craze had yet to take hold in new condominiums, which didn't differentiate them much from cooperatives. Moreover, in a slightly more dangerous city, a full-time do...
Before the coronavirus pandemic, many Hoboken and Jersey City renters easily commuted to Manhattan and mostly came back to New Jersey to sleep. But more recently, as The New York Times reported, a growing number of residents of "the sixth borough" have been spending more time at their apartments ...
The Department of City Planning notes that 150,000 Americans move to New York every year, and even the coronavirus pandemic has not dulled the dream for many people. But at any time, would-be city dwellers should note that New York City is not a monolith, but rather a series of diverse neighborho...
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...
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...

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