NYC’s New Pied-à-Terre Tax: Where Things Stand
New York City’s long-discussed “pied-à-terre tax” is now moving into its first year of implementation. Officially called the Non-Primary Residence Property Surcharge, the new annual tax took effect this year and is designed to apply to certain higher-value residential...
The Impact of Floor Location on Pricing in New York City
When it comes to determining the value of a home in New York City, numerous factors come into play. The expected variables such as location, size, and overall condition certainly matter, but in the unique context of this city, there's an often overlooked aspect that...
Valuing Outdoor Space in New York City
When it comes to New York City real estate, outdoor space isn't just a luxury – it's a valuable asset. But how do you determine its true value? The value of outdoor space varies based on its size, type, and layout. Let's delve into this topic. Distinguishing Outdoor...
Understanding Monthly Carrying Costs In NYC
Buying an apartment in New York City is a unique experience, with your monthly carrying costs being a crucial consideration that is unlike buying homes in other regions. These additional building costs can significantly impact your overall budget and mortgage...
Manhattan Market Update: Q2 Strength Meets the Summer Slowdown
The spring market is now behind us, and Manhattan is entering summer on much firmer footing than it was a year ago. The pace is starting to cool, which is normal for July and August, but the bigger story is that spring actually delivered. Pricing improved, sellers...
NYC Real Estate Market Update: The Strongest Spring Market in Three Years
The spring market has officially come to a close, and New York City enters the summer with encouraging momentum. Buyer demand remained remarkably resilient throughout the season, even as inventory stayed below historical norms and mortgage rates remained elevated....
Navigating the end of NYC’s Spring Real Estate Market
Navigating the end of NYC’s Spring Real Estate Market As we cross into mid-June, the NYC residential market isn't moving in one unified direction. Instead, it has fractured into a highly tactical, segmented landscape. While overall inventory is still structurally...
NYC Market Update: Late-Blooming Spring and Where Buyers Are Actually Competing
This spring has been a bit of a late bloomer, but the last week gave us something we like to see in both boroughs - real contract momentum showing up on the board. Inventory is still tight relative to recent years, and that’s keeping the market more balanced than the...
Manhattan & Brooklyn Market Highlights: A Spring Season That May Have More Runway
Spring arrived a bit later than usual this year, but the market is showing signs that the season may stretch deeper into May and June. While neither Manhattan nor Brooklyn has seen the kind of explosive “gangbusters” activity associated with peak-cycle years, both...
Spring Market Reality Check: Stable… But Far From Easy
If this spring market feels harder to read, it’s because it is. On paper, everything looks steady - inventory is building, contracts are getting signed, and demand hasn’t fallen off. But in practice, the market has shifted into something more nuanced: stable, yes—but...
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