Market Insight
The Mount Morris Park Historic District, stretching roughly from West 119th to West 124th Streets between Lenox Avenue and Mount Morris Park West, is one of New York City's most intact and beautiful historic enclaves. With Marcus Garvey Park as its anchor, the 13-block area offers a rare concentr...
In the centuries since George Washington's Revolutionary War fort was built on the highest point of Manhattan, the Upper Manhattan neighborhood that would become known as Washington Heights has evolved from sparsely populated farmland to wealthy New Yorkers' estates (famously painter/ornithologis...
From March 9-15, 2026, 203 residential contracts were signed in Manhattan. A smaller number of contracts for units asking over $3.9 million inevitably led to a week-over-week dip in the aggregate dollar amount; and yet, almost anything would represent a comedown following the highest weekly total...
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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...
On March 10, the Landmarks Preservation Commission reviewed an application by Minskoff Equities and Skidmore Owings & Merrill (SOM) to build a pair of 19-story, 195-foot-tall buildings at 375 Lafayette Street, which is now a parking lot on the northeast corner of Great Jones Street in the Noho Hi...
Conventional wisdom tells buyers and sellers to avoid working with a dual agent, and the reason is simple. Since dual agents work for both parties, it is impossible for them to represent the best interest of both parties. Dual agency is so controversial that it is even illegal in some U.S. states...
After years of planning, sales have just launched at Billionaires' Row condominium 660 Lexington Avenue. However, Rybak Development is also busy gearing up for another sales launch, this one on the Upper East Side at 500 East 81st Street.
Several years after the pandemic, fully remote work has largely faded, though hybrid schedules remain common across many industries. As a result, the office-heavy corridors of Midtown East are in transition. While demand for Class A office space has rebounded, many Class B and C buildings face un...
From March 3-9, 2026, approximately 250 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions.
On the first full week of March 2026, the number of residential apartment sales recorded in Manhattan ticked up week-over-week. All five of the highest-priced sales of the week closed for over $10 million, highly characteristic of a market where a surge in super-luxury condos is causing the avera...
Sales have officially launched at 660 Lexington Avenue, also known as 133 East 55th Street, a ground-up condominium development nearing completion in Manhattan's Midtown East. Developed by the busy bodies at Rybak Development, the 20-story high-rise anchors the prominent southwest corner of Lexin...
For many in the United States, Sunday, March 8 marked the return to Daylight Saving Time. This marked the beginning of sunsets after 6:00 p.m. in the immediate term, and comes less than two weeks before the spring equinox on March 20 brings more daylight going forward. Sustained warmth is still s...
From March 2-8, 2026, 221 residential contracts were signed in Manhattan. This represents a 14% week-over-week dip; however, several uber-luxury deals were instrumental in keeping the aggregate dollar amount from dropping too far during this time. 47 luxury contracts asking over $3.9 million were...
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