Market Insight
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...
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...
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...
Type
Bedrooms
Avg / Median
Currency
Pricing based on the past 12 month sales
Buildings
Owning a single-family home has long symbolized the American Dream, a sentiment echoed in certain parts of New York City for over a century. As the city evolved, the allure of apartments offering views and conveniences gained favor, albeit at the cost of space and privacy.
While multi-family bui...
Finding the right New York real estate is never simple, but that is compounded with new construction condos, not only for the sheer volume of choice (nearly 3,000 new units expected to launch in Manhattan through 2024, and as many as 3,600 in Brooklyn and Queens) but for the extra considerations ...
Friendly faces in windows or on fire escapes make for kind, lovable neighborhoods, according to Jane Jacobs's brand of urban understanding. Just imagine what friendly faces admiring their blooming window flower boxes can do.
Flower boxes help soften the edges of our brick-and-mortar environment,...
Over the course of Hell's Kitchen's recent residential building boomlet, much of the new development has taken shape in the westernmost sections of the neighborhood in a move that offers both a central address and some detachment from the most bustling sections of Manhattan. However, as Lightsqua...
During the days when the city streets were dominated by horse-drawn carriages, New York's wealthiest could own single-family homes with a separate stable for the family's horses, often accessed through a side passage or tunnel through the house. As time passed and modes of transportation changed,...
In New York, there is no question that park-facing real estate is in high demand and can command equally high prices -- such listings regularly rank among Manhattan's top sales and top contracts. But as price reductions from May 1-7, 2024 show, some stratospheric park-side prices are starting to ...
Three-bedroom apartments have always been a coveted floor plate in New York City, but have reached a point of scarcity that prompted Curbed to ask, “Whatever happened to the three-bedroom?” Brokers interviewed for the article pointed to a number of factors: While events like marriage and children...
When the city of New York began assembling its Olympic bid back in 2001, a two-block rail yard at the forlorn Far West Side would have served as a home for a new stadium. The Olympic bid and the stadium did not pan out, but what New York City got in exchange was something greater and more importa...
Manhattan Sales:
For the week ending May 3, 2024, $458,831,783 worth of transactions across 238 condo, condop, and cooperative deals were recorded
96 condo sales came to an aggregate price of $249,130,897
17 condop sales came to an aggregate price of $22,952,285
125 co-op sales came to an a...
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