Market Insight

Four ways to prepare to buy a NYC apartment in 2024 + 10 new Brooklyn developments now selling

By Cait Etherington | From Future New York Wednesday, May 15, 2024

If you're looking to buy a property in 2024, now is the time to prepare. From securing financing to narrowing the scope of your search to finding a representative, there is plenty to do before you enter your first open house. This article presents a list of tasks and considerations to work on fir...

Price Cuts: Rudy Giuliani relists UES co-op at reduced price; Ida Tarbell's historic Gramercy townhouse now $2M off

By CityRealty Staff | From Get To Know Wednesday, May 15, 2024

From May 8-14, 2024, approximately 350 condos, co-ops, condops, and townhouses throughout New York City experienced price reductions. Among them was 120 East 19th Street, a Gramercy townhouse dating back to the 1850s, when Pacific Insurance Company president and Pacific Bank director Amos F. Hatf...

NYC homes with character: Great listings with exposed wood-beam ceilings

By CityRealty Staff | From Great Listings Wednesday, May 15, 2024

When former manufacturing or commercial spaces from the pre-war era are converted into residential apartments, not everything needs to be discarded. Among the cherished elements retained are cast-iron columns and wood-beamed ceilings. These buildings, usually dating back to the 19th century, stan...

From Market Data City Stats: Condo vs Co-op Comparison

Building Type

Condo
Co-op

From Buyer's Guide Get the Insider Tips on Buying Your Dream NYC Apartment

From closing costs What Fees to Expect When You Close Your Apartment

CityRealty's Q3 2022 Manhattan Residential Market Report + Best-Selling Residential Buildings

By CityRealty Staff | From Monthly Market Reports Wednesday, December 14, 2022

NYC Home Auctions: Upper East Side townhouse of Real Housewives star up for bid

By Cait Etherington | From Get To Know Tuesday, May 14, 2024

Starting May 15, 2024, fans of The Real Housewives of New York City will have the chance to bid on alumna Sonja Morgan’s iconic Upper East Side townhouse at 162 East 63rd Street when it comes up for auction. Ms. Morgan’s attempts to sell it were part of her story arc almost the entire time she wa...

Mitigating risk when buying in a NYC land-lease building

By Cait Etherington | From Get To Know Tuesday, May 14, 2024

In May 2024, New York State Senator Liz Krueger and Assemblywoman Linda Rosenthal introduced legislation that would limit massive fee spikes in land-lease buildings, also known as ground-lease. Such listings frequently attract attention for their low sticker prices, but the money saved could very...

Manhattan Sales: Patriots owner sells Plaza condo for huge profit; Three sales reported at 15 Central Park West

By CityRealty Staff | From Great Listings Tuesday, May 14, 2024

Manhattan Sales: For the week ending May 10, 2024, $509,054,433 worth of transactions across 209 condo, condop, and cooperative deals were recorded 118 condo sales came to an aggregate price of $366,0735,529 Six condop sales came to an aggregate price of $11,590,000 86 co-op sales came to a...

What $1.5 million buys in Carnegie Hill, NYC's most prestigious old money neighborhood

By CityRealty Staff | From Great Listings Monday, May 13, 2024

Arguably New York's most prestigious neighborhood, Carnegie Hill is home to world-class art museums, elite schools, and the finest examples of pre-war apartment buildings and townhouses. The area is named after Andrew Carnegie and his mansion on Fifth Avenue & East 91st Street - now the Cooper He...

TEN questions to ask before signing a lease + 10 newly-launched rental buildings in NYC

By Cait Etherington | From Future New York Monday, May 13, 2024

Once you’ve found and been approved for an apartment in New York City, it is tempting to immediately sign on the dotted line and start looking for a mover - after all, with Manhattan rents at all-time highs and those in outer boroughs starting to creep up, it's understandable that one would want ...

Manhattan Contracts: Maurice Kanbar's townhouse finds buyer; Centrale penthouse enters contract after 37% discount

By CityRealty Staff | From Great Listings Monday, May 13, 2024

For many New Yorkers, the penthouse will always represent the pinnacle of luxury living. But approximately 100 years since New York's wealthiest were lured away from their mansions and into apartments, some say the pendulum has swung back to single-family homes. The townhouse versus penthouse deb...

Open houses to tour amidst tepid Manhattan sales market include Gramercy 3-bed with park key

By CityRealty Staff | From Great Listings Friday, May 10, 2024

The first several months of 2024 displayed the peculiar position of the Manhattan residential real estate market. New development inventory has been slowly dwindling as pandemic-related delays affected project timelines -- both starts and deliveries. As interest rates remain elevated, keeping res...

10 new developments with exciting retail offerings; Optimizing the commercial/residential mix in NYC buildings

By Cait Etherington | From Future New York Friday, May 10, 2024

Hundreds of coops and condos across the city now include street-level retail. While there are obvious advantages to bringing commercial tenants into residential buildings, some commercial tenants make better neighbors, and some coops and condos also make better landlords for commercial tenants. T...

The Many Meanings of “Contingent” in Real Estate

By Cait Etherington | From Get To Know Friday, May 10, 2024

During the highly active market of 2021 to early 2022, buyers looking for an edge in multi-offer situations started to sign home-purchase agreements with exceptionally few contingencies. The reasoning was simple. Sellers are more likely to accept offers with few or no contingencies (i.e., conditi...