Market Insight
For many years, Third Avenue was considered an informal line of demarcation for Upper East Side buyers, given its close proximity to both the Lexington Avenue 4/5/6 trains and the most stylish sections of the neighborhood. This stretch is home to some of the Upper East Side's tallest buildings an...
For the week ending February 20, 2026, the Presidents' Day federal holiday meant fewer days for the city to record Manhattan residential sales, and those recorded likely took place when Manhattan was in the throes of the first snowstorm of 2026 and the chilling temperatures that followed. With t...
Roughly a month and a half into his term, New York City Mayor Zohran Mamdani released his first preliminary budget with a warning that there are only two ways to fill a multimillion-dollar gap: either by imposing a new tax on the state's wealthiest individuals or corporations, or by raising prope...
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In 2025, core New York City areas recorded just over 11,000 signed residential contracts: 44 percent condominiums, 54 percent co-ops and condops, and the remainder townhouses. If all properties sold at their last asking prices, total contract volume would exceed $25.5 billion. The overall average...
From February 16-22, 2026, a week that included the Presidents' Day federal holiday on Monday, February 16, 187 contracts were signed in Manhattan. The abbreviated business week likely led to a week-over-week decline in the number of contracts signed by default, though February 2026's contract v...
The story of early-21st-century New York City development is, in many ways, the story of how the city reclaimed its shoreline. For decades, prime residences and businesses turned their backs on the water, leaving the East and Hudson Rivers to industry and the utilitarian uses that often supported...
On Tuesday, February 24, Landmarks will review an application for a new project at 41-43 Mercer Street in the Soho-Cast Iron Historic District. According to a presentation prepared by Alexandr Neratoff Architect, the team seeks to demolish the one-story building at 41 Mercer Street, replace it wi...
A condominium unit within a residential building is individually owned, with management typically overseen by condo boards or homeowners associations (HOAs). These organizations enforce rules designed to maintain property values and enhance community well-being, making condos an appealing option ...
From February 10-16, 2026, fewer than 150 condos, co-ops, condops, and townhouses in core New York City neighborhoods experienced price reductions. This represents a noticeable week-over-week drop in price cuts and comes at a time when inventory is low (CityRealty sales listings show fewer than 7...
On the second week of February 2026, the number of Manhattan residential sales recorded by the city dipped slightly week over week, likely the result of recording sales that took place over a holiday week and when the city was gearing up for one of the biggest snowstorms in years. However, one wo...
Back in 2023, RJ Capital Holdings and Top Rock Holdings filed plans to convert a 14-story office building at 609 Fifth Avenue into a 29-story mixed-use condo tower comprising 66 high-end residential units. The development at the southeast corner of East 49th Street is located directly across the ...
From February 9-15, 2026, a time when New York City was starting to thaw out after days of freezing temperatures, 222 residential contracts were signed in Manhattan, representing a week-over-week leap in the number of contracts signed. While the rise in contracts included several entry- and mid-l...
Many new buildings talk a big game about the jaw-dropping views and luxurious amenities to be enjoyed on their roof decks, but the roofs themselves tend to be aesthetically uninspired and a mish-mash of mechanical units and a cacophony of thoughtless enclosures. There is something to be said for ...
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