Market Insight

How property values are assessed in NYC + Great new listings with open houses from $445K

By Cait Etherington | From Get To Know Saturday, June 20, 2026

In April, Governor Kathy Hochul proposed a pied-a-terre tax on second homes in New York valued at $5 million. However, when the Department of Finance released an infographic detailing how much second homes would be taxed, it started at values of $1 million. How can that be?

Swim with a View: 30 Manhattan buildings with high-floor swimming pools and fitness centers

By CityRealty Staff | From Get To Know Saturday, June 20, 2026

Last week, Mayor Zohran Kwame Mamdani and NYC Parks Commissioner Tricia Shimamura announced the opening of registration for free Learn to Swim classes across New York City that will teach young people aged 18 months to 17 years old how to swim and build water safety skills. The classes will take ...

Brick is Back: NYC developments revive the warmth of classic architecture; See new design for 277 Canal Street

By CityRealty Staff | From Future New York Friday, June 19, 2026

A decade ago, the glass curtain wall seemed to be the default language of new construction in New York. It still has its place, especially in office towers where transparency, skyline views, and bringing natural light to deeper open floor plates remain highly marketable. But in residential archit...

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

Top-selling NYC buildings and priciest contracts of Q1 2026

By CityRealty Staff | From New Developments Wednesday, April 8, 2026

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...

Knicks in Five: 35 NYC condo and rental buildings with basketball courts

By CityRealty Staff | From The Bronx Thursday, June 18, 2026

The New York Knicks have been described as the only sports team that brings New York City together, as opposed to divisions between Yankees/Mets and Jets/Giants fans, and the entire city seems unified in celebrating the Knicks' first NBA championship in 53 years. The team was honored with the fir...

Price Cuts: Baz Luhrmann’s Gramercy townhouse slashed by $7M; New discounts at Brooklyn and Queens’ tallest towers

By CityRealty Staff | From Future New York Thursday, June 18, 2026

From June 9-15, 2026, over 300 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions, a noticeable week-over-week decrease. This comes at a time when CityRealty data shows that average Manhattan condo prices are nearing record highs, and Manhattan co-ops...

Willow House: Boutique rental in Hoboken's resurgent North End launches with two months free rent

By CityRealty Staff | From New Jersey Thursday, June 18, 2026

Pre-leasing is underway at Willow House, an eight-story mixed-use building located at 1404 Willow Avenue, on the corner of 14th Street in Hoboken's North End. Rents start at $3,400/month for studios, $4,300/month for one-beds, $5,985/month for two-beds, $8,200/month for three-beds, and $17,000/mo...

NYC Contracts: $80M trophy penthouse signed at 80 Clarkson; One High Line's last penthouse finds a buyer

By CityRealty Staff | From Future New York Tuesday, June 16, 2026

From June 8-14, 2026, 277 residential contracts were signed in Manhattan. This is a small week-over-week increase, but was 57 more contracts than were signed the same week in 2025. Contract activity typically slows in June following strong volume in April and May, but 2026 could be the strongest ...

What's old is new again: Mass timber construction in NYC as Timberburg readies to launch sales

By CityRealty Staff | From Future New York Tuesday, June 16, 2026

In loft buildings dating back to the mid-19th century, exposed timber columns, joists, and ceiling beams add a note of historic charm to a converted home. But between new building techniques, a rise in popularity, and revised building codes, a number of 21st century buildings are coming to embrac...

Manhattan sales include Emmy-winning producer's CPW co-op; Closings begin at The Willow

By CityRealty Staff | From Future New York Tuesday, June 16, 2026

On the week ending June 13, 2026, 218 residential apartment sales were recorded in Manhattan, holding steady week over week. Four of the five highest-priced sales were for homes with views of Central Park West, and located no less than one block from "New York's backyard."

What New York’s transparency bill could mean for whisper listings + Public listings with open houses

By Cait Etherington | From Get To Know Friday, June 12, 2026

A stack of bills awaiting Governor Kathy Hochul’s signature includes the “Fair and Transparent Real Estate Listings Act,” a measure that would make public marketing the default for residential sale and rental listings in New York State. The bill does not eliminate private listings outright, but i...

What the pied-à-terre tax could mean for Manhattan prices + NYC penthouse listings from $499K

By Cait Etherington | From Get To Know Friday, June 12, 2026

Manhattan’s luxury housing market is already subject to mansion taxes and transfer taxes. As of July 1, 2026, the luxury market will be subject to another tax—New York’s pied-à-terre tax on second homes.

Price Cuts: Former Kips Bay Decorator Showhouse down by $9.5M; Karim Rashid to take loss on Hell's Kitchen condo

By CityRealty Staff | From Future New York Thursday, June 11, 2026

From June 2-8, 2026, nearly 450 condos, co-ops, condops, and townhouses experienced price reductions. This is a noticeable week-over-week spike in the number of price reductions; however, the vast majority of cuts were small reductions below 10 percent, possibly aimed at drawing attention to a li...