Market Insight
The challenges of converting post-war commercial offices into residential apartments are well-documented. Large floor plates and centralized elevator cores often result in deep, awkwardly configured living spaces with limited access to natural light and ventilation. Mitigating these issues, such ...
In New York, most buyers ultimately purchase one of two types of units: a co-op or condo. While many co-ops and condos look the same from the outside and both have built-in fees, these different types of properties are actually quite distinct. They also each come with their own pros and cons and ...
Buildings in Downtown Brooklyn have long extolled views of the Manhattan skyline, but recent years have seen this neighborhood sprout a new skyline of its own with skyscrapers like The Brooklyn Tower, Brooklyn Point, and 11 Hoyt. The latest entrant, The Brook, is also the tallest currently rising...
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If you're looking to buy a property in 2024, now is the time to prepare. From securing financing to narrowing the scope of your search to finding a representative, there is plenty to do before you enter your first open house. This article presents a list of tasks and considerations to work on fir...
From May 8-14, 2024, approximately 350 condos, co-ops, condops, and townhouses throughout New York City experienced price reductions. Among them was 120 East 19th Street, a Gramercy townhouse dating back to the 1850s, when Pacific Insurance Company president and Pacific Bank director Amos F. Hatf...
When former manufacturing or commercial spaces from the pre-war era are converted into residential apartments, not everything needs to be discarded. Among the cherished elements retained are cast-iron columns and wood-beamed ceilings. These buildings, usually dating back to the 19th century, stan...
Starting May 15, 2024, fans of The Real Housewives of New York City will have the chance to bid on alumna Sonja Morgan’s iconic Upper East Side townhouse at 162 East 63rd Street when it comes up for auction. Ms. Morgan’s attempts to sell it were part of her story arc almost the entire time she wa...
In May 2024, New York State Senator Liz Krueger and Assemblywoman Linda Rosenthal introduced legislation that would limit massive fee spikes in land-lease buildings, also known as ground-lease. Such listings frequently attract attention for their low sticker prices, but the money saved could very...
Manhattan Sales:
For the week ending May 10, 2024, $509,054,433 worth of transactions across 209 condo, condop, and cooperative deals were recorded
118 condo sales came to an aggregate price of $366,0735,529
Six condop sales came to an aggregate price of $11,590,000
86 co-op sales came to a...
Arguably New York's most prestigious neighborhood, Carnegie Hill is home to world-class art museums, elite schools, and the finest examples of pre-war apartment buildings and townhouses. The area is named after Andrew Carnegie and his mansion on Fifth Avenue & East 91st Street - now the Cooper He...
Once you’ve found and been approved for an apartment in New York City, it is tempting to immediately sign on the dotted line and start looking for a mover - after all, with Manhattan rents at all-time highs and those in outer boroughs starting to creep up, it's understandable that one would want ...
For many New Yorkers, the penthouse will always represent the pinnacle of luxury living. But approximately 100 years since New York's wealthiest were lured away from their mansions and into apartments, some say the pendulum has swung back to single-family homes. The townhouse versus penthouse deb...
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