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

Market Insight

Updated 8/4/2021 to include new lotteries on the Upper West Side, East Harlem, Williamsburg, Bedford-Stuyvesant, Bushwick, East New York, and Mott Haven. Under the de Blasio administration, New York City has rolled out several new affordable housing initiatives (for more details, see the mayor’s...
Before a new class of luxury cooperatives on Park and Fifth Avenues took the city by storm, well-heeled New Yorkers preferred to live in single-family homes on side streets. Over 100 years later, townhouses are having a moment as a result of the coronavirus pandemic. Some families are eager for m...
During the months of lockdown when many New Yorkers were confined to small apartments, some speculated that this would lead to rising demand for townhouses. Indeed, July 2021 has seen a large number of townhouse sales, several of which were previously owned by big names in business and politics. ...
 
For the fourth quarter of 2020, the average sale price of a Manhattan apartment fell 2% when compared to Q4 2019. The average sale price for all residential units, excluding townhouses came in at $1.907 million, down from $1.954 million in Q4 2019. The average price of a condo was $2.69 million (...
Just over a month before the majority of Broadway theaters reopen on September 14, new guidelines have been issued for the shows. The Broadway League has announced that all theaters will require vaccinations for all members of the cast, crew, theater staff, and audience; additionally, given the r...
In the last full week of July 2021, a total of 396 Manhattan condo, co-op, and condop sales were reported with an aggregate total of $724.7 million, blending to a median price of $1.13 million. This brings Manhattan's sales total for July 2021 to $3.2 billion, the most since the rush to buy befor...
Beckford House & Tower has had deals regularly featured near the top of Manhattan’s top sales and contracts since its sales launch in October 2019, and new numbers have emerged to demonstrate the allure of the two-building development: It has reached over $478 million in sales and is now over 85 ...
From time to time, sponsor units come on the market. But what is a sponsor unit? The short answer is that it is a unit that has never been sold. In most cases, sponsor units are found in new condos. In this instance, the units are being sold by the condo developer. The main advantage of buying ...
More than 100 years after the National Urban League was founded in Harlem, plans were announced for its new national headquarters, located at 121 West 125th Street and the result of a request for proposals issued by Empire State Development and the New York City Economic Development Corporation. ...
As July 2021 draws to a close, CityRealty listings show 8,271 publicly listed units for rent in core areas of New York City. This shows a 13 percent drop from the beginning of the month, and the median Manhattan rent has climbed to $3,647/month in the same time period. This time last year saw an ...
At this time of year, many New Yorkers are spending weekends at the beach either in summer homes, hotels, or Airbnbs. But across the river, residents of Hamilton Cove enjoy the atmosphere of a vacation home all year round. The three-tower development is located on the Weehawken waterfront, and it...
While much of Brooklyn's luxury waterfront development has taken place along New York Harbor, the streets along Sheepshead Bay, the Atlantic Ocean inlet that gave the neighborhood its name, have been experiencing a building boom in recent years. Condos like 1 Brooklyn Bay, Avalon Brooklyn Bay, an...
As of this writing, CityRealty listings show 9,435 condos, co-ops, condops, and townhouses for sale in Manhattan, north Brooklyn, and parts of Queens and the Bronx, marking a small decline from last week's total of 9,545 listings. The Manhattan median condo price also dipped slightly to $2,248,99...

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