Market Insight
From Future New York
Two Trees begins work on pair of towers on Domino Sugar Factory site
By Ondel Hylton
Today, June 24, 2022
After transforming DUMBO into a neighborhood suitable for residential habitation decades ago, Two Trees Development is forging ahead with plans to turn the once-derelict South Williamsburg waterfront into a mixed-use community featuring some of the tallest buildings in Brooklyn. Last year, the Je...
From Future New York
Amidst Fifth Avenue renaissance, Saks Fifth Avenue partners with Mandarin Oriental Residences, Fifth Avenue
By CityRealty Staff
Today, June 24, 2022
For a while at the height of lockdown, Fifth Avenue looked eerily quiet between closed storefronts and fewer visitors. However, data showed a massive surge in tourism in 2021, and those numbers are expected to climb in 2022 with the reopening of international borders. When they come, there will b...
From Future New York
See 21 Newly-Launched Condo Developments with Deals for First-Time Buyers
By CityRealty Staff
Today, June 24, 2022
For years, many New Yorkers' real estate decisions have been swayed by how easily they could get from home to their offices in central business districts. However, in the wake of the pandemic-induced lockdown and more flexible work-from-home policies that ensued, buyers have the option of looking...
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From Monthly Market Reports
NYC's Best-Selling Residential Buildings + CityRealty's Q1 2022 Manhattan Residential Market Report
By CityRealty Staff
Thursday, June 9, 2022
With low inventory and a return of optimism for the city, Manhattan saw the average sale price paid for an apartment jump 22% in the first quarter of 2022 compared to the first quarter of 2021. The average sale price for all residential units, excluding townhouses, ticked up markedly to $2.1 mill...
From Get To Know
Great New Listings with Open Houses include a townhouse-style 2-bed condo on the LES for $1.195M
By CityRealty Staff
Today, June 24, 2022
Once upon a time, New Yorkers used to spend weekends waltzing into open houses in desirable neighborhoods. Some were seriously looking to buy, others wanted to get an idea of what their budget would allow, and still others treated it as a pleasant diversion. Either way, visitors could stuff thems...
From Future New York
Glassy 40-story rental to rise at 16 Dupont Street in Greenpoint Landing
By CityRealty Staff
Thursday, June 23, 2022
Is Greenpoint the next North Williamsburg? For better or worse, judging by the progression of development on its waterfront and escalating sale prices inland, it appears to be heading in that direction. On the rental front, another new 40-story high-rise at 16 Dupont Street is set to burst out of...
From Future New York
Limited Inventory: Sales in these New Development Condos are Going Fast
By CityRealty Staff
Thursday, June 23, 2022
Despite top-of-the-market prices relative to the rest of the universe, homes in NYC's recent condo developments sell out rather quickly depending on their size, quality location, and pricing. Looking back at buildings finished in 2018, the average residential condo building comes close to selling...
From Long Island City
Affordable Housing Rundown: A comprehensive look at lotteries + additional programs to assist renters
By CityRealty Staff
Thursday, June 23, 2022
Updated 6/23/2022 with new lotteries in Midtown West, Hamilton Heights, Williamsburg, Bedford-Stuyvesant, East New York, Jamaica, and the Bronx.
When Mayor Eric Adams took office at the beginning of 2022, housing prices were an issue on many New Yorkers’ minds. The mass exodus from New York some...
From Great Listings
Price Cuts: Liberty Tower penthouse reduced by $455K; Upper East Side townhouse slashed by 20%
By CityRealty Staff
Thursday, June 23, 2022
From June 15-21, 2022, a total of 402 sales listings experienced price reductions. Among them was the full-floor penthouse at Liberty Tower, the co-op conversion of 55 Liberty Street. Dating back to 1910, the Henry Ives Cobb-designed building was one of New York’s first skyscrapers and the onetim...
From Great Listings
In celebration of the summer solstice, see 21 skylit NYC penthouses with private terraces
By CityRealty Staff
Tuesday, June 21, 2022
The summer solstice fell on June 21, 2022 this year, making it the official start to summer and bringing more daylight to New York. Some mark the occasion with spiritual rituals or a yoga practice (this year marks the 20th anniversary of Solstice in Times Square), while others mark the day with a...
From Brooklyn
The Axel: Morris Adjmi-designed tower at foot of Vanderbilt Avenue open street readies for leasing launch
By CityRealty Staff
Tuesday, June 21, 2022
It took a few trips before the Landmarks Preservation Commission, but 545 Vanderbilt Avenue has reached key milestones. Not only did a recent site visit show that construction appears to be winding down, but a registration site has been made available in anticipation of a leasing launch for The A...
From Future New York
Manhattan's top contract-signings include $94M worth of deals at The Cortland and Edward Albee's Tribeca loft
By CityRealty Staff
Monday, June 20, 2022
Manhattan Contracts:
From June 13-19, 2022, a total of 226 townhouses, condos, co-ops, and condops entered contract
The average time on the market was 68 days
The total sticker price sum came to $472,589,899, and the median last asking price came to $1,197,500
There were a total of 106 condo d...
From Future New York
Manhattan Sales: Closings commence at Aman New York Residences; Infinity Broadcasting co-founder sells penthouse for $25M
By CityRealty Staff
Monday, June 20, 2022
Manhattan Sales:
From June 12-18, 2022, $762,453,170 worth of transactions across 327 condo, condop, and cooperative deals were recorded
160 condo sales came to a median price of $1,667,528 ($1,854 per square foot)
Eight condop sales came to a median price of $1,600,000
159 co-op sales came...
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Get To Know
- From Get To Know Amidst Fifth Avenue renaissance, Saks Fifth Avenue partners with Mandarin Oriental Residences, Fifth Avenue Today, June 24, 2022
- From Get To Know Great New Listings with Open Houses include a townhouse-style 2-bed condo on the LES for $1.195M Today, June 24, 2022
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Market Reports & Research
- From Monthly Market Reports NYC's Best-Selling Residential Buildings + CityRealty's Q1 2022 Manhattan Residential Market Report Thursday, June 9, 2022
- From Monthly Market Reports NYC's Best-Selling Buildings of Q4 2021 + CityRealty's Quarterly Manhattan Residential Market Report Friday, February 18, 2022
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Great Listings
- From Great Listings See 21 Newly-Launched Condo Developments with Deals for First-Time Buyers Today, June 24, 2022
- From Great Listings Great New Listings with Open Houses include a townhouse-style 2-bed condo on the LES for $1.195M Today, June 24, 2022
- From Great Listings Limited Inventory: Sales in these New Development Condos are Going Fast Thursday, June 23, 2022
- From Great Listings Price Cuts: Liberty Tower penthouse reduced by $455K; Upper East Side townhouse slashed by 20% Thursday, June 23, 2022
- From Great Listings In celebration of the summer solstice, see 21 skylit NYC penthouses with private terraces Tuesday, June 21, 2022
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Carter's View
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