Market Insight
After spending decades as a working-class neighborhood largely comprised of low-rise tenement buildings, the Lower East Side has evolved into a luxury residential destination. With its borders defined as between East Houston Street and Canal Street, and from the Bowery to the East River, the Lowe...
Once considered a relic of prewar days, casement windows have experienced a resurgence in New York City buildings as of late. The feature is most commonly found in residential conversions of manufacturing spaces – e.g., The Whitman Mansion in NoMad, where Jennifer Lopez’s penthouse recently enter...
In many buildings, corner units are often among the most highly coveted. Their double exposures bring double the natural light and views, and this can also offer greater square footage than their single exposure counterparts. However, those seeking corner units should be prepared to pay for the p...
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During the first quarter of 2024, 2,500 contracts were signed for condos, co-ops, and condop apartments in Manhattan. If these transactions close at their last asking prices, they would total nearly $5.9 billion in sales. Although overall sales have declined compared to the previous year, the sup...
In recent years, numerous new condos have taken shape along the Hudson River to make the most of water views - so many that it the new development building boom appears to have stretched from Lower Manhattan to Morningside Heights. But are there now more waterfront buildings than luxury buyers?
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The Upper East Side, characterized by its broad avenues and tree-lined streets, stands as the most densely populated neighborhood in New York City. It offers a diverse urban living experience, from charming townhouses to towering apartment buildings. Typically, blocks west of Lexington Avenue are...
Manhattan Sales:
For the week ending April 12, 2024, $429,950,247 worth of transactions across 220 condo, condop, and cooperative deals were recorded
107 condo sales came to an aggregate price of $298,055,962
15 condop sales came to an aggregate price of $20,415,507
99 co-op sales came to a...
In the second week of April 2024, contracts throughout New York City dipped in terms of both the number signed and dollar value. It is unclear how much of this can be attributed to anxiety over still-high interest rates and tax day, or if this is a sign of a longer-term trend.
While the sticker shock of New York City apartments is well known, one lesser-known aspect is condo and co-op owners’ monthly carrying costs, which can sometimes be higher than their mortgage payments. However, New York City has several programs in place that can temporarily reduce real estate ta...
When you go on the housing market in New York City, building age will likely be one of your first considerations. After all, nearly all listing sites offer “pre-war” as a search option. While older buildings often deliver a ton of charm, that should never be your sole consideration when buying. A...
On Tuesday, April 16, the Landmarks Preservation Commission (“Landmarks”) will review an application to construct a new building at 307-309 Sixth Avenue in the Greenwich Village Historic District Extension II. The stretch of the historic district extension along the west side of Sixth Avenue is l...
With affordability becoming a growing problem for buyers in New York City and nationwide, first-time buyers are eager to find creative workarounds. One obvious solution is to secure a personal investor. While there are obvious advantages to purchasing a residential property with the financial sup...
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