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

Market Insight

For many New Yorkers, one of the best parts of living in the city is access to a rich artistic and cultural scene practically right outside the front door. And as pleasurable as it can be to attend a performance or visit a museum, the benefits go beyond a day of fun. According to Create NYC, a co...
Private outdoor space has become a must-have for many New Yorkers. Following months of sheltering in place and social distancing, local brokerages have reported an uptick in demand for homes with direct private access to the outdoors. As we are just heading into autumn with still some unseasonabl...
Oscar-winning actress Joan Fontaine was born in Japan and died at her home in California, but spent part of her life as a New Yorker. She is best known for her role as Lina McLaidlaw Aysgarth in the Alfred Hitchock film Suspicion (1941), for which she won the Academy Award. She is also known for ...
 
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...
During this year’s United Nations General Assembly meeting, Secretary General Antonio Guterres described climate change as “an existential struggle.” President Joseph R. Biden pledged to double aid aimed at helping developing nations address climate change, a move that comes on the heels of his g...
Over the course of the Brooklyn building boom, which shows no signs of ebbing, locals have become distrustful of high-profile developers hoping to bring towering, architecturally mundane buildings to their beloved neighborhoods. However, 550 Prospect Place, situated at the cusp of Crown Heights a...
On the first day of fall 2021, it is clear that the summer slump is coming to an end: CityRealty listings show a total of 9,290 condos, co-ops, condops, and townhouses listed for sale in core areas of New York City. The median Manhattan condo price comes in at $2,300,642, or $1,818 per square foo...
If you are one of the many admirers of New York City's pre-war residential buildings, chances are you count those designed by Rosario Candela among your favorites. As architecture critic Carter Horsley puts it, “These buildings reek with good taste, better proportions, lavish expanses of limeston...
While the classic streetscapes surrounding Prospect Park are protected by the Park Slope Historic District and two extensions, the blocks further out in Park Slope and South Slope have seen classic brownstone buildings give way to luxury condominiums. One such case is The Deermar, an 11-story con...
During the darkest days of the coronavirus pandemic, some wondered if the end of New York City was in sight. However, the city showed incredible resilience and adaptability during this trying time. The Open Restaurants program allowed eateries to stay in business and transformed sidewalks, and th...
A slender hotel tower on Manhattan's West Side will soon top out at 51 floors, 642 feet in height — a figure that will make it the sixth tallest hotel in North America. While 2021 may seem like a precarious time to be building a hotel, come one year or two, tourists will be flocking to the Big ...
New York is once again producing buildings of its own vernacular. Moving away from a stint of anonymous towers that can be found anywhere from Toronto to Mumbai, high-end builders, and their well-heeled clients are gravitating to designs more attuned to the city's history, cultural identity, and ...
Updated 9/20/2021 to include new lotteries in Greenpoint, Clinton Hill, Midwood, Forest Hills and the Bronx. Housing affordability has always been an issue in New York City, and the coronavirus pandemic and accompanying economic fallout threw that into sharp relief. The New York State legislatur...

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