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

Market Insight

Brooklyn may be hip, NoMad may be hot, and the superrich may be making a beeline for Central Park South, but the love for Greenwich Village and its neighbors to the east and west has never waned. Over the years, the "villages" have gone from working-class areas to artists' enclaves to residences...
For all of Mayor Eric Adams' proclamations that "you can't stay home in your pajamas all day," some form of hybrid work seems to have emerged as the new normal: According to a new study by the Partnership for New York City, only 8% of Manhattan office workers are back in the office five days a we...
For those of you missing the Vancouver vibe in NYC, have no fear, Hunters Point South is here. In the years since the Hunters Point South master plan was approved in 2008, this stretch of the East River waterfront in Long Island City has continued it transformation from industrial .hinterland to ...
 
The Manhattan residential market ended 2021 on a high note as the fourth quarter posted the highest total dollar amount of residential sales on record. The average sale price for Manhattan* apartments rose 8% when compared to the fourth quarter of 2020. The average sale price for all residential ...
Manhattan Sales: The second week of May posted $672.9 million worth of transactions across 323 condo, condop, and cooperative deals 179 condo sales came to a median price of $1.7 million ($1,389 per square foot) Eight condop sales came to a median price of $1.53M 136 co-op sales came to a me...
Once upon a time, New Yorkers used to spend weekends waltzing into open houses in desirable neighborhoods. Some were seriously looking to buy, others wanted to get an idea of what their budget would allow, and still others treated it as a pleasant diversion. Either way, visitors could stuff thems...
While soaring skyscrapers and architecturally creative buildings have captured considerable attention, it is worth noting that new developments inspired by prewar architecture - including, but not limited to, 220 Central Park South on Billionaires’ Row, 15 Central Park West, and The Benson and Th...
Friendly faces in windows or on fire escapes make for kind, lovable neighborhoods, according to Jane Jacobs's brand of urban understanding. Just imagine what friendly faces admiring their blooming window flower boxes can do. Flower boxes help soften the edges of our brick-and-mortar environment,...
"Shall we adjourn to the conservatory?"A line from a Regency romance? Hardly - as the New York Post recently reported, a surprising number of apartments in present-day New York are home to glass-walled, glass-ceilinged spaces also known as solariums or sunrooms. This trend dates back to ancient E...
One of the most dreaded parts of owning an NYC coop or condo is the ever-looming possibility of being slapped with a high assessment. This article discusses when and why coops and condos apply assessments, how they are negotiated, and how to avoid purchasing in a building about to be hit with one.
Between increasingly flexible work arrangements and the blossoming of the borough, Brooklyn has emerged as many buyers' first choice rather than the consolation prize for those priced out of Manhattan. This has led to a residential building boom to accommodate demand, and a new entrant is Post Ho...
New Yorkers are typically unflappable, but rising rents of the past few months have started to rattle renters and agents alike. A new report by Apartment List found that New York City rents have increased 1.6% over the past month, in the third straight month of rent increases in 2022, and increas...
The stretch of Brooklyn between Park Slope and Sunset Park used to consist mainly of one- and two-family homes, but that has started to change in recent years thanks to a South Park Slope rezoning that allows for more residential buildings. Nevertheless, much of the new housing stock in South Slo...

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