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Market Insight

In View from the Top, CityRealty examines market data, recent transactions, and current events to offer an industry expert's perspective on New York's ever-changing real estate market. One global news story that has recently captured our attention is the seemingly inexorable meltdown of the Chin...
Superstorm Sandy has become shorthand for natural disasters in New York, but it has faced some serious competition since it made landfall in 2012 – see Tropical Storm Fay in 2020, Hurricane Ida in 2021, and this morning’s heavy rainfall that led to flash flood warnings, transportation disruptions...
Columbia University continues to embark on its significant expansion of the Manhattanville campus, located just a few blocks northwest of its main Morningside Heights campus. Several impressive buildings have already been unveiled on this new campus, including The Jerome L. Greene Science Center,...

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Twenty-five years after the Hudson River Park Act was signed into law, the onetime maritime center of New York City has been transformed into a verdant park with walking paths, sports courts, seating areas, and dog runs, all with views of the river. While pleasant at any time, it served as an esc...
As temperatures start to drop in New York City, many residents welcome the arrival of 'heat season.' This term may sound counterintuitive, but it actually refers to the colder months from October 1 to May 31 when the city enforces minimum temperature requirements in residential buildings. While...
Sales have launched at 661 Driggs Avenue, a new Williamsburg boutique condominium with one two-bedroom and one three-bedroom unit on each of its four floors. Two-bedrooms start at $1.9 million and three-bedrooms start at $2.35 million. The first availabilities also include a duplex penthouse with...
In the last week of September 2023, CityRealty listings show 8,398 condos, co-ops, condops, and townhouses for sale in Manhattan, northern Brooklyn, western Queens, and parts of the Bronx. The median price of a Manhattan condo comes to $2,441,063 ($1,806 per square foot), down slightly from aroun...
When construction topped out on One High Line in March 2019, the two-towered, full-block development had already attracted considerable attention for its design by Bjarke Ingels Group, luxury condos with panoramic skyline and Hudson River views, and a hospitality tenant with its first-ever New Yo...
Fall got off to a soggy start in New York City when the edges of subtropical storm Ophelia brought steady rain to the city starting on Saturday, which happened to be the autumnal equinox, and continuing into Tuesday evening. In the immediate term, this made for a miserable time to go out; in the ...
September 18-24, 2023 was a relatively quiet time for luxury contracts in Manhattan. Olshan Realty's market report recorded only eight contracts signed with asking prices of $4 million and up, the lowest number since mid-August 2022, and noted that the total luxury contract dollar volume of $45,4...
Between lingering Labor Day laziness, the stresses of back-to-school, and the forthcoming Jewish holidays, there were a number of reasons why it was somewhat quieter earlier this month where recorded sales were concerned in Manhattan. But they got closer to normal as September 2023 winds down, wi...
Manhattan Sales: For the week ending September 22, 2023, $636,022,049 worth of transactions across 334 condo, condop, and cooperative deals were recorded 157 condo sales came to an aggregate price of $439,930,981 19 condop sales came to an aggregate price of $27,383,996 158 co-op sales came...

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