Market Insight

What $1.5 million buys in Carnegie Hill, NYC's most prestigious old money neighborhood

By CityRealty Staff | From Great Listings Today, May 13, 2024

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...

TEN questions to ask before signing a lease + 10 newly-launched rental buildings in NYC

By Cait Etherington | From Future New York Today, May 13, 2024

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 ...

Manhattan Contracts: Maurice Kanbar's townhouse finds buyer; Centrale penthouse enters contract after 37% discount

By CityRealty Staff | From Great Listings Today, May 13, 2024

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...

From Market Data City Stats: Apartment Prices by Building

Pricing based on the past 12 month sales

Buildings

Regions

Upper East Side
Upper West Side
Midtown
Downtown
Financial District/BPC
Brooklyn

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

CityRealty's Q3 2022 Manhattan Residential Market Report + Best-Selling Residential Buildings

By CityRealty Staff | From Monthly Market Reports Wednesday, December 14, 2022

Open houses to tour amidst tepid Manhattan sales market include Gramercy 3-bed with park key

By CityRealty Staff | From Great Listings Friday, May 10, 2024

The first several months of 2024 displayed the peculiar position of the Manhattan residential real estate market. New development inventory has been slowly dwindling as pandemic-related delays affected project timelines -- both starts and deliveries. As interest rates remain elevated, keeping res...

10 new developments with exciting retail offerings; Optimizing the commercial/residential mix in NYC buildings

By Cait Etherington | From Future New York Friday, May 10, 2024

Hundreds of coops and condos across the city now include street-level retail. While there are obvious advantages to bringing commercial tenants into residential buildings, some commercial tenants make better neighbors, and some coops and condos also make better landlords for commercial tenants. T...

The Many Meanings of “Contingent” in Real Estate

By Cait Etherington | From Get To Know Friday, May 10, 2024

During the highly active market of 2021 to early 2022, buyers looking for an edge in multi-offer situations started to sign home-purchase agreements with exceptionally few contingencies. The reasoning was simple. Sellers are more likely to accept offers with few or no contingencies (i.e., conditi...

Townhouse vs. penthouse living: See trophy homes of each on the market now

By CityRealty Staff | From Get To Know Thursday, May 9, 2024

Owning a single-family home has long symbolized the American Dream, a sentiment echoed in certain parts of New York City for over a century. As the city evolved, the allure of apartments offering views and conveniences gained favor, albeit at the cost of space and privacy. While multi-family bui...

Guide to Buying in a New Construction Condo Part 4 + Final sponsor availabilities in nearly sold-out buildings

By Cait Etherington | From Future New York Thursday, May 9, 2024

Finding the right New York real estate is never simple, but that is compounded with new construction condos, not only for the sheer volume of choice (nearly 3,000 new units expected to launch in Manhattan through 2024, and as many as 3,600 in Brooklyn and Queens) but for the extra considerations ...

Blossoming Facades: See NYC residential buildings adorned with flower boxes, green walls, and exterior plantings

By CityRealty Staff | From Future New York Thursday, May 9, 2024

Friendly faces in windows or on fire escapes make for kind, lovable neighborhoods, according to Jane Jacobs's brand of urban understanding. Just imagine what friendly faces admiring their blooming window flower boxes can do. Flower boxes help soften the edges of our brick-and-mortar environment,...

First look inside Lightsquare; Hell's Kitchen condo gears up for sales with $53M sellout

By CityRealty Staff | From Future New York Wednesday, May 8, 2024

Over the course of Hell's Kitchen's recent residential building boomlet, much of the new development has taken shape in the westernmost sections of the neighborhood in a move that offers both a central address and some detachment from the most bustling sections of Manhattan. However, as Lightsqua...

Gorgeous NYC carriage houses on the market now include properties linked to Carl Fischer and Ilana Goor

By CityRealty Staff | From Goldilocks Blocks Wednesday, May 8, 2024

During the days when the city streets were dominated by horse-drawn carriages, New York's wealthiest could own single-family homes with a separate stable for the family's horses, often accessed through a side passage or tunnel through the house. As time passed and modes of transportation changed,...

Price Cuts: Central Park-facing 2-bedroom now 21% off; Sponsor reductions below $500K at Smithsonian Place

By CityRealty Staff | From Future New York Wednesday, May 8, 2024

In New York, there is no question that park-facing real estate is in high demand and can command equally high prices -- such listings regularly rank among Manhattan's top sales and top contracts. But as price reductions from May 1-7, 2024 show, some stratospheric park-side prices are starting to ...