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

Market Insight

In the late 2010s, some speculated that micro-apartments were the way of the future of New York City. To that end, a collection of new buildings were constructed with apartments containing furniture right out of Transformers and unique built-ins to allow for storage space. To compensate for the l...
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...
A few boiling days this weekend notwithstanding, New York is approaching a time of year when the weather is neither too hot nor too cold, and everyone is eager to be outside. And where better to enjoy a sunny day than New York’s backyard? Central Park is perfect for going for a run or bike ride, ...

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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 ...
Updated 5/19/2022 with new lotteries in East Harlem, Washington Heights, Downtown Brooklyn, Williamsburg, Bushwick, Greenpoint, Clinton Hill, Brighton Beach, Coney Island, Astoria, and the Bronx. In Mayor Bill de Blasio’s “tale of two cities” speech, he cited housing and homelessness as examples...
In the early days of the pandemic, thousands of New Yorkers looked around their cramped apartments and started to plot their escapes. For some New Yorkers, the escape meant leaving a studio or cramped one-bedroom for a larger home upstate. For others, it meant trading a two- or three-bedroom co-o...
The East and Hudson Rivers are the two that most often come to mind when New Yorkers think “waterfront development,” but the Harlem River has seen a building boom in recent years. This includes Bronx Point, a 530,000-square-foot mixed-use, mixed-income development in the works since 2016. More re...
When the Fischer Makooi-designed 575 Fourth Avenue was still on the drawing board, private balconies seen in renderings and descriptions of a lavish amenity package appeared to be designed to appeal to the modern Brooklyn buyer. Now the building is available for immediate occupancy and reports 70...
Extell Development is finally moving forward on their new Upper West Side skyscraper at 50 West 66th Street. Designed by Snøhetta, the project has been stymied by several legal attempts from locals hoping to stop the project for good. Upon completion, the building will host 127 lavish residences ...
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 ...
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...

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