Skip to Content
CityRealty Logo

Market Insight

Sales are expected to launch in the coming weeks at 660 Lexington Avenue, also known as 133 East 55th Street, a ground-up condominium development nearing completion in Manhattan's Midtown East. Developed by the busy bodies at Rybak Development, the 20-story high-rise anchors the prominent southwe...
In 2026, AI is expected to continue reshaping how New Yorkers buy, sell, finance, manage, and live in local properties. While humans will always be at the center of real estate, there is no question that AI is permanently changing the industry and the experience of finding, purchasing, and living...
From January 6-12, 2026, nearly 250 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. These included the Park Avenue home of Estee Lauder chairman William Lauder. Mr. Lauder bought the 12th-floor apartment in the Rosario Candela-designed 778 Park Av...

Type

Bedrooms

Avg / Median

Currency

Pricing based on the past 12 month sales
Buildings
 
In 2025, core New York City areas recorded just over 11,000 signed residential contracts: 44 percent condominiums, 54 percent co-ops and condops, and the remainder townhouses. If all properties sold at their last asking prices, total contract volume would exceed $25.5 billion. The overall average...
For the week ending January 10, 2026, the city recorded Manhattan residential sales that took place at the height of the holiday season. This likely accounts for the dip in the number of recorded sales week over week, though the number of luxury closings above $3.9 million climbed slightly during...
At 823 feet tall and 70 stories high, Long Island City rental building The Orchard has outstripped the nearby Skyline Tower condominium as the tallest building in Queens. A lottery for 248 affordable units is in effect until January 28, 2026, and leasing has just launched on market-rate units.
While today’s new developments celebrate open layouts, earthy material palettes, and soaring ceilings in a clear homage to historic industrial architecture, one signature detail remains far harder to replicate: exposed brick. Found most authentically in New York in historic industrial conversions...
The first week of January is jokingly known as "circle back week," to represent the return to business after the holidays, and that appears to have been the case for Manhattan residential real estate from January 5-11, 2026. The number of contracts signed spiked nearly 60% week over week, with th...
In the early days of New York City apartment living, bathtubs often appeared in the most unexpected place: the kitchen. As David Favolaro of the Tenement Museum explains, this once-common arrangement grew out of necessity. The 1901 Tenement Housing Act required sinks and bathtubs in every apartme...
A key point of contention during the 2025 federal tax bill debate was the cap on the State and Local Tax (SALT) deduction. In short, the deduction allows taxpayers who itemize to deduct at least a portion of their state and local income, sales, and property taxes from their federal taxable income...
At one of the first Landmarks Preservation Commission hearings of 2026, commissioners reviewed an application for exterior changes to 139 Franklin Street, an industrial building in the Tribeca West Historic District, in preparation for a residential conversion. According to a presentation, design...
In a city defined by reinvention, NYC townhouses remain among the most sought after and enduring types of homes. Try as some designers might, the extraordinary woodwork found in pre-war townhouses and early apartment houses are incredibly difficult and expensive to replicate or improve upon. Ha...

More In Market Insight