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

Market Insight

The number of listed apartments for sale in the core areas of New York is holding steady at 10,133 condos, co-ops, condops, and townhouses throughout Manhattan, northern Brooklyn, western Queens, and parts of the Bronx. Manhattan's median condo price jumped 2.2 percent from last week to $2,052,05...
Sited at the intersection of NoMad, Kips Bay, and Gramercy is VU New York, a 36-story condominium designed by SLCE Architects and spearheaded by Minrav Development. The high-rise rises mid-block at 368 Third Avenue, between East 26th and 27th Street not far from Madison Square Park, NYU Langone's...
Whether you’re renting or buying, in New York City the process can be difficult to do on your own unless you already have an established credit history and substantial savings. As a result, it is not uncommon for renters and buyers, especially those new to the housing market, to rely on a guarant...

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The CityRealty 100 is an index comprising the top 100 condominium buildings in Manhattan. Several factors—including a building’s sales history, prominence, and CityRealty’s rating for the property—are used to determine which buildings are included in the index. This report tracks the performance...
It's only three weeks into the new year, but 2021 is off to quite a busy start. The days leading up to President Joseph R. Biden Jr.'s inauguration have been filled with plans and projects set to breathe new life into quiet sites, bring historic architecture into the present day, and make New Yor...
Manhattan real estate is a well-known as a safe investment. Even in this deep buyer's market and the unprecedented situation surrounding it, approximately 3/4 of apartments sold between 2014 and 2020 are asking an average of 18% more above their original purchase price (figures per CityRealty dat...
Brooklyn and Queens are giving Manhattanites more to look at as a necklace of tower-packed master plans come to life along the East River waterfront. One of the largest is Greenpoint Landing, a 22-acre, 11-tower development steered by Brookfield Properties and Park Tower Group that will bring 5,5...
The stretch of Chelsea just south of Penn Station was once known as the Fur District, but there are far fewer furriers in the neighborhood than there used to be. It is in the throes of a building boom that is bringing some eye-catching new architecture to the area. Chief among them is Maverick Ch...
For the second week of January 2021, 218 market-rate condo, co-op, and condop sales were recorded throughout Manhattan, aggregating to a total of $437,525,425 and coming in at a median price of $1.033 million. The 117 condo sales came to a median price of $1,600,000, or $1,437 per square foot. T...
Over the past seven days, 646 new condos, co-ops, condops, and townhouses were listed throughout New York City. We take a look at the most beautiful new listings to come on the market, and there's no question that some are priced to reflect that. But no matter how much one paid for their apartmen...
Between November 2020 and January 2021, the Manhattan rental market saw a 23% drop in inventory as a record pace of leasing took hold up and down the island. As of today, there are 12,414 actively-listed rentals on the isle, down from 16,209 listings two months ago. All configurations, from studi...
In the new age of amenities, fitness centers and swimming pools have become almost an essential part of new luxury residential buildings. However, certain developments have gone above and beyond a simple treadmill and a few free weights: At a time when sports courts and fitness studios remain clo...
If you’re selling an NYC property, you’ll likely realize a strong return on your initial investment, but before you start planning how to spend your profits or reinvestment, it is important to consider the substantial closing costs you’ll also incur. In New York City, closing costs not only inclu...

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