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Market Insight

The week ending April 18, 2026 saw 197 residential apartment sales recorded in Manhattan. This marks a small week-over-week decrease, but the top of the market remained extremely active with the five highest-priced sales all closing above $10 million.
Invented by the Mesopotamians and perfected by the ancient Romans, the arch is one of mankind's most remarkable engineering and architectural feats. While its usage is best known for supporting monumental structures such as bridges and cathedrals, smaller arched elements are abundant throughout a...
From April 13-19, 2026, 247 residential contracts were signed in Manhattan. This marked a small week over week decline, but several trophy properties were instrumental in driving the aggregate dollar amount up slightly in this time frame. April is typically the strongest sales month of the year, ...

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In the first quarter of 2026, Manhattan’s apartment contracts totaled $6,906,075,016 in ask volume across over 2,500 deals, with the average asking price coming in at $2.681M and an average of $1,709 per square foot. The buildings that accounted for the most activity tend to follow a familiar pa...
Over the past several years, apartments in Downtown neighborhoods have regularly ranked among Manhattan's highest-priced sales and New York City's most expensive contracts. This part of Manhattan is known for its rich history, not to mention artistic connections in many cases. In the present day,...
While new development often touts layouts approaching 3,000 square feet as expansive, full-floor prewar residences on the Upper East Side offer a reminder of what living large truly means.  Case in point: the top sale in the city last week was Ken Griffin's $38 million purchase of a full-floor du...
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 ...
From basic staging tactics that aim to hide everyday clutter to elaborate staging scenarios that transform properties by bringing in designer furniture and original artworks, property staging is a tried-and-true part of selling homes. According to a recent report by the National Association of Re...
Architects have long pondered how best to signify that a building has completed its ascent into the heavens, and the most popular means has been the cornice, a protruding element that overhangs the building’s façade. This element is usually not too tall, so as not to seem ungainly, and not too de...
On Tax Day, most New Yorkers are thinking about what they owe. But in the world of real estate, the conversation is increasingly shifting to who isn’t paying enough / who can afford to pay more. Yesterday, Governor Kathy Hochul brought back to the table a pied-à-terre tax that would target high-e...
From April 8-14, 2026, over 250 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. The week-over-week increase seemed to mark a return to business after the spring holidays, and included multiple mid-level reductions as opposed to deep cuts. Addition...
Mayor Zohran Mamdani campaigned on a platform of affordability for all aspects of New York City life, including child care. To that end, he has added for than 1,000 seats for three-year-olds in the city's existing 3-K program; and in March 2026, he and Governor Hochul announced that four communit...

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