Market Insight
In summer 2025, developer Related Companies announced that its longtime Upper East Side rental The Strathmore (not to be confused with the Riverside Drive building seen on The Marvelous Mrs. Maisel) is being converted to sales units. A sales launch is anticipated for later this fall, with one- to...
For many, the smell of chlorine is synonymous with summer for its use sanitizing public pools. However, a new, gentler alternative is growing in popularity among swimmers and pool operators alike. Chlorine is still present in saltwater pools, but a generator is used to produce just enough chlorin...
On June 11, 2025, New York’s FARE (Fairness in Apartment Rental Expenses) Act went into effect, banning broker fees on all rental apartments. This means that local renters will no longer be saddled with broker fees for agents they did not hire.
Prior to the ban, renters generally paid 10 and as m...
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Bedrooms
Avg / Median
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Pricing based on the past 12 month sales
Buildings
New York City's residential apartment market is always evolving, with some neighborhoods maintaining their dominance while others experience notable shifts. In the condo market, Downtown neighborhoods remain among the most expensive, despite a slight decline in price per square foot year-over-yea...
From July 1-7, 2025, fewer than 200 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. These included 19 Cranberry Street in Brooklyn Heights, whose exteriors were famously used as the Castorini family home in Academy Award-winning film Moonstruck. M...
Manhattan real estate is widely regarded as a safe long-term investment, but occasionally, rare and compelling scenarios arise, such as sellers willing to take a loss on their home purchase. Even during the depths of the COVID years in 2021, more than 75% of Manhattan apartments last purchased be...
As June 2025 gave way to July, both the number of Manhattan sales recorded and the aggregate dollar amount experienced a week-over-week spike. This can be attributed to deals that happened in May or early June, when the residential sales market is traditionally hotter, just before the quieter sum...
As June 2025 gave way to July, the Manhattan residential market experienced the slowest week of the year to date. Both the number of contracts signed and aggregate dollar volume plunged week-over-week. The past week was an abbreviated business one due to the Fourth of July on Friday, but CityReal...
On occasion, diagonal streets such as Broadway slice across New York’s rectilinear street grid creating opportunities for wedge-shaped buildings that seem to sail onto the streetscape with the grace and grandeur of an ocean liner. The Flatiron Building on Madison Square Park is easily the most ic...
Price Cuts: Paul Rudolph House now nearly 40% off; Dorothy Parker–linked penthouse slashed by $1.25M
From June 25 - July 1, 2025, just over 350 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. These included a three-bedroom penthouse at 444 East 52nd Street, a prewar cooperative known for its well-heeled residents, including actress/playwright tur...
Owing to its location in the Tribeca East Historic District, the team behind 14 White Street required permission from the Landmarks Preservation Commission ("Landmarks") before they could proceed with the project. These hearings can get contentious, but that was not the case this time: Landmarks ...
Manhattan market proves resilient in Q2 2025; See prices and apartment deals in 14 NYC neighborhoods
With the majority of Q2 2025 sales data now in, Manhattan’s residential market remains resilient. The number of projected sales for the quarter is expected to reach over 3,250 condo and co-op closings, an increase of 5% year-over-year from the 3,115 closings reported in Q2 2024. While activity ha...
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