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

Market Insight

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,...

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Bedrooms

Avg / Median

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Pricing based on the past 12 month sales
Buildings
 
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 ...
"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...
The phrase "porte-cochere" comes from the French phrase "carriage porch," and throughout New York, several of the buildings that have these covered entrances or driveways date back to a prewar era when carriages were the main means of conveyance. Cars have long since displaced horses as the domin...
All too often in New York, the appearance of a beloved theater and a big-name developer in the same sentence involves the theater being demolished to make way for a charmless condominium. However, we are happy to report that the opposite is happening at 2031-2033 Fifth Avenue, longtime home of t...
Rising interest rates and an uncertain economic outlook due to high inflation could stymie the upward climb in prices for New York City real estate. As the slow summer sales season nears, almost 400 apartments and townhouses had their prices reduced over the past week — far higher than the 150 t...
Few things are coveted more in New York City real estate than private outdoor space, and with warmer temperatures and sunshine finally arriving this week, that sun-drenched morning coffee on the balcony has never sounded better. We've rounded up a selection of high-end new listings with private b...

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