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

Market Insight

Beckford House & Tower has had deals regularly featured near the top of Manhattan’s top sales and contracts since its sales launch in October 2019, and new numbers have emerged to demonstrate the allure of the two-building development: It has reached over $478 million in sales and is now over 85 ...
From time to time, sponsor units come on the market. But what is a sponsor unit? The short answer is that it is a unit that has never been sold. In most cases, sponsor units are found in new condos. In this instance, the units are being sold by the condo developer. The main advantage of buying ...
More than 100 years after the National Urban League was founded in Harlem, plans were announced for its new national headquarters, located at 121 West 125th Street and the result of a request for proposals issued by Empire State Development and the New York City Economic Development Corporation. ...

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For the fourth quarter of 2020, the average sale price of a Manhattan apartment fell 2% when compared to Q4 2019. The average sale price for all residential units, excluding townhouses came in at $1.907 million, down from $1.954 million in Q4 2019. The average price of a condo was $2.69 million (...
As July 2021 draws to a close, CityRealty listings show 8,271 publicly listed units for rent in core areas of New York City. This shows a 13 percent drop from the beginning of the month, and the median Manhattan rent has climbed to $3,647/month in the same time period. This time last year saw an ...
At this time of year, many New Yorkers are spending weekends at the beach either in summer homes, hotels, or Airbnbs. But across the river, residents of Hamilton Cove enjoy the atmosphere of a vacation home all year round. The three-tower development is located on the Weehawken waterfront, and it...
While much of Brooklyn's luxury waterfront development has taken place along New York Harbor, the streets along Sheepshead Bay, the Atlantic Ocean inlet that gave the neighborhood its name, have been experiencing a building boom in recent years. Condos like 1 Brooklyn Bay, Avalon Brooklyn Bay, an...
As of this writing, CityRealty listings show 9,435 condos, co-ops, condops, and townhouses for sale in Manhattan, north Brooklyn, and parts of Queens and the Bronx, marking a small decline from last week's total of 9,545 listings. The Manhattan median condo price also dipped slightly to $2,248,99...
In the third full week of July 2021, CityRealty recorded 295 condo, co-op, condop, and townhouse contracts signed throughout Manhattan. Listings below $1 million in highly coveted neighborhoods both uptown and downtown were never going to stay on the market for long, but that is not to say they a...
While the protections of the Crown Heights Historic District put limits on the height and aesthetics of new construction that can take place, the nearby Prospect Heights has a bit more leeway that has perhaps led to a greater influx of development in recent years. The Richard Meier-designed On Pr...
“Classic six” is one of the most frequently used, yet least understood, terms in the New York real estate lexicon. “Classic” nods to the prewar era when these apartments were built, and “six” refers to the total number of rooms, which must include a living room, a formal dining room, a kitchen, t...
Roosevelt Island's 888 Main Street dates back to 1834, when it was constructed as the New York City Lunatic Asylum. Charles Dickens and Nellie Bly alike decried the horrific conditions, and the asylum closed in 1893. Now a memorial to Ms. Bly is in the works for Roosevelt Island, and the asylum h...
As the outcries over flashy new condos like 200 Amsterdam and ERA show, Upper West Side residents are fiercely protective of their local architecture and streetscapes. But when undertaken with care and context sensitivity, the community accepts the conversion of older buildings into housing that ...

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