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

Market Insight

There are now 13,062 apartments for sale in Manhattan, northern Brooklyn, and Long Island City — the highest available inventory for these areas in more than a decade. With median prices of $1,689,599 for condos and $799,862 for co-ops (all figures per CityRealty sales listings), prices are slowl...
While the sticker price is the first thing that gets prospective New York City condo buyers' attention, it should not be the only thing. Real estate taxes can come as an unpleasant shock, but they are a monthly expense that must be considered along with everything else.Thankfully, New York City h...
Recognizing that the great headwinds facing the city and its real estate market are most likely temporary, some developers are mobilizing to develop Manhattan's next wave of residential towers. One of the few projects to not make it out the ground in the last boom was planned in Midtown East at 1...

Type

Bedrooms

Avg / Median

Currency

Pricing based on the past 12 month sales
Buildings
 
Largely due to the impacts of the ongoing COVID-19 pandemic, for the second quarter of 2020 the average sales price of apartments in Manhattan fell 15% when compared to the same period of the second quarter of 2019. The number of recorded sales fell substantially (-60%), from 2,732 to 1,087 reco...
Having made their mark on the city with sweeping master plans overlooking the East and Hudson Rivers (think World Financial Center/Brookfield Place and Greenpoint Landing), Brookfield Properties has turned their attention to the Harlem River with Bankside, a 1,350-unit development in the Mott Hav...
New York City townhouses have long been among the city's most extraordinary real estate, and are enjoying a whole new appreciation of late. The Real Deal notes that townhouses have been a driver of luxury home contracts in recent weeks; Last week alone, ten of the 11 Brooklyn homes that entered c...
It is too soon to gauge the long-term effects of the coronavirus pandemic on New York real estate, but it led to a leap in rental inventory in the immediate term. In January 2020, CityRealty registered 7,793 available rental listings throughout Manhattan, western Queens, and northern Brooklyn. Th...
Academy Award-winning actress Jennifer Lawrence is well known for her numerous acting awards, but has more quietly amassed a small collection of New York real estate as well. She sold her Upper East Side penthouse over the summer and still owns an apartment at the star-studded 443 Greenwich Stree...
In a city that set the record for the country's most expensive home sale, and where a penthouse recently sold for $100 million, low- and middle-income buyers might reach the conclusion that there is no place for them in New York. That would be an incorrect one: HDFC apartments can be found at jaw...
It may sound hard to believe now, but there was a time when New York City condo and co-op prices were relatively in sync. The amenity craze had yet to take hold in new condominiums, which didn't differentiate them much from cooperatives. Moreover, in a slightly more dangerous city, a full-time do...
Before the coronavirus pandemic, many Hoboken and Jersey City renters easily commuted to Manhattan and mostly came back to New Jersey to sleep. But more recently, as The New York Times reported, a growing number of residents of "the sixth borough" have been spending more time at their apartments ...
The Department of City Planning notes that 150,000 Americans move to New York every year, and even the coronavirus pandemic has not dulled the dream for many people. But at any time, would-be city dwellers should note that New York City is not a monolith, but rather a series of diverse neighborho...
As of October 21, 2020, CityRealty listings show 13,062 condos, co-ops, condops, and townhouses for sale throughout New York City. Manhattan's median condo prices dipped a little further to $2,000,920, or $1,673 per square foot. The co-op median ticked up slightly to $905,643.

More In Market Insight

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