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

Market Insight

Just south of the slow-as-molasses and desperately needed metamorphosis of Penn Station, the area once known as the 'Fur District' is transforming into a mixed-use residential community. As we covered last week, the anticipated opening of Moynihan Station next year and a State-led vision to expan...
The city's market-rate rental inventory has finally flatlined after a precipitous record-breaking climb over the summer. The number of availabilities throughout Manhattan and parts of Brooklyn fell slightly to 21,250 listings but still is more than double the inventory prior to the pandemic. Als...
For many New Yorkers, one of the best parts of living in the city is access to a rich artistic and cultural scene practically right outside the front door. And as pleasurable as it can be to attend a performance or visit a museum, the benefits go beyond simple pleasure. According to Create NYC, a...
 
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...
In early 2019, demolition permits were filed to bring down 270 Park Avenue, the former world headquarters of JPMorgan Chase before moving across East 47th Street into the former Bear Stearns Building at 383 Madison Avenue. Fast-forward 18 months later and the mid-century tower has been erased fro...
As the temperature drops and people start to spend more time inside, a fireplace can go a long way to making an apartment feel homier and more comfortable. This can sound like an unattainable luxury, especially in some of New York's most highly coveted neighborhoods, but we found Greenwich Villag...
New York City's rental market slump caused by the repercussions of the pandemic effectively shows that if there is a large enough inventory of vacant units, prices will fall to levels within the reach of more renters. Then the question remains, why don't we continuously replenish our supply of av...
In this rundown, we went beyond looking at simple availabilities in the tallest residential towers in some of New York's best-known neighborhoods by spotlighting the highest available listing in each of the respective buildings. Unsurprisingly, these apartments in the stratosphere have prices to ...
While the city is slowly returning back to some kind of new normal, New York City's real estate and construction industries have barely taken a break. A quick visit to rapidly growing Downtown Brooklyn shows that 9 Dekalb Avenue is making significant headway towards making the fuggedaboutit borou...
On the border of Jersey City and Hoboken, leasing has launched at 100 House, a new collection of rental apartments. While the location is attractive for its easy access to Manhattan, the local community and impressive amenity package provide to do and see close to home.
With an abundance of new development on the market all over Manhattan, Brooklyn, and Long Island City, the sheer volume of choice can be overwhelming to some. Many of the soaring new buildings offer oversized windows, high-end finishes and appliances, and expansive amenity suites, but which one i...
As of October 14, 2020, there are 12,986 condos, co-ops, condops, and townhouses for sale all over New York. Since last week, Manhattan's median condo prices dropped to $2,007,513, or $1,678 per square foot. The co-op median continued its upward tick to $900,869 (all figures per CityRealty listin...
In the wake of an extensive renovation, The Watermark at Brooklyn Heights has welcomed its first residents to New York’s first luxury retirement community in 20 years and the first in Brooklyn. The building offers 275 stylish apartments and over 50,000 square feet of resort-caliber amenities, but...

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