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

Market Insight

Every December, building staff across the city leave seasonal cards under residents’ doors. If you’re new to life in a full-service building, don’t be fooled—this card is not simply a chance for staff to extend holiday cheer to you and your family. These cards, which usually arrive in the first w...
The seeds of New York's economic revival are gestating as the private sector sows plans for ambitious projects, even as the city reels from the pandemic and lacks a clearvision for its recorvery. HAP Investments, one of Manhattan's busiest builders of mid-size residential buildings during the las...
The Barone family of Everybody Loves Raymond lived on Long Island, but the actress who played the matriarch had a duplex on Central Park: An apartment belonging to the late Doris Roberts is one of 355 sales listings that experienced price reductions over the past seven days. The New York Post des...
 
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...
The penthouse is the showpiece in any New York City building, and that is especially the case in these new developments. The penthouses feature the best views, the highest-quality appliances and finishes, and private outdoor space to rival the building's shared amenity space. The following terrac...
With the holiday season upon us, Extell Development Company and Nordstrom announced a new exclusive partnership for residents of Central Park Tower, the tallest residential building in the world. The first seven stories of the 1,550-foot-high building are occupied by New York’s Nordstrom flagship...
The building boom that has taken hold of Hudson Square’s residential renaissance has been very condo-heavy, but a notable exception may be found at 111 Varick Street. The new rental stands out for its 30-story height and undulating precast concrete facade by S9 Architecture, which was inspired by...
As of this writing, CityRealty listings show over 12,500 condos, co-ops, condops, and townhouses for sale in Manhattan, northern Brooklyn, western Queens, and parts of the Bronx. The city has been rich in eye-catching new construction, but historic buildings have been transformed into equally jaw...
"What fresh hell is this?" Dorothy Parker's standard telephone greeting would come to serve as the general outcry of local preservationists and fans of her work when it was revealed that her childhood home on the Upper West Side would be demolished to make way for a luxury condominium. But as sal...
Updated 11/23/2020 with new photography Twenty-five years ago, who would have thought the western end of 14th Street would be a locus for high-end residential development? Partly thanks to the nearby Google's New York headquarters, the High Line and Chelsea Market, the thoroughfare at the junctio...
In Manhattan last week, there were 239 condo, condop, and co-op sales amounting to $440,526,881, the highest since mid-March. The 115 condo sales came in at a median of $1.715 million ($1,531/ft2). The 120 co-op sales came in at a median of $780,000. A full, sortable list of apartment sales may b...
Over the summer, New York saw coronavirus cases drop to a point where the city stood as a model of low transmission and safety standards. But cases have begun to climb in recent weeks, and it has reached a point where New York City may find itself in an "orange zone," with all the restrictions th...
It’s no secret that buying into the New York City market is more difficult than buying into most housing markets in North America. While cost is an obvious obstacle, what many aspiring owners don’t realize is that the actual cost of purchasing a unit is only the first barrier to ownership. High c...

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