Will more listings shift leverage?

As January ends, we are moving into the beginning of what has historically been the most active part of the year for NYC real estate – the Spring Market. Recently, the market’s current trends have been influenced less by macro events and more by traditional seasonal...

Outlook for 2023

Happy New Year! We are rested and ready to go! As we consider 2023, we would love to tell you that 2022 is behind us. Is it though? We’re not sure yet is the answer because much of what caused the volatility and price pressure in the second half of 2022 is still...

Giving Back List 2022

Be the reason someone smiles today.   We recently wrapped up our annual #GivingBack list campaign, a special initiative featuring our favorite charities to give to.   Here's the list of the 21 charities and causes we featured:   1. The Luca Gargiulo...

Wrapping Up 2022!

The story here is that low supply has been keeping the market in check. Supply has been moving in-line with 2021 numbers almost exactly since July. Because this has been following the seasonal curve, we treat this as uneventful. Having said that, we remain in a...
Will more listings shift leverage?

Will more listings shift leverage?

As January ends, we are moving into the beginning of what has historically been the most active part of the year for NYC real estate – the Spring Market. Recently, the market’s current trends have been influenced less by macro events and more by traditional seasonal...

Outlook for 2023

Outlook for 2023

Happy New Year! We are rested and ready to go! As we consider 2023, we would love to tell you that 2022 is behind us. Is it though? We’re not sure yet is the answer because much of what caused the volatility and price pressure in the second half of 2022 is still...

Giving Back List 2022

Giving Back List 2022

Be the reason someone smiles today.   We recently wrapped up our annual #GivingBack list campaign, a special initiative featuring our favorite charities to give to.   Here's the list of the 21 charities and causes we featured:   1. The Luca Gargiulo...

Wrapping Up 2022!

Wrapping Up 2022!

The story here is that low supply has been keeping the market in check. Supply has been moving in-line with 2021 numbers almost exactly since July. Because this has been following the seasonal curve, we treat this as uneventful. Having said that, we remain in a...

How to value outdoor space in New York City real estate

How to value outdoor space in New York City real estate

Everyone knows having outdoor space is a luxury in New York City.  It is also valuable! But, just how valuable is it? This depends on the size, kind, and shape of the space. Let’s take a look.   Outdoor space is not valued the same as indoor space   First of...

A Positive Step Forward

A Positive Step Forward

Last week ended with good news as the most recent inflation report (CPI) came in lower than expected on Thursday.     The result? The stock market rallied to its biggest day in 2 years.  Mortgage interest rates took an immediate and notable move down.    All...

All eyes were on October!

All eyes were on October!

To be honest, we had all eyes on October hoping for an uptick in transaction activity. It didn’t happen. The fall market deal volume has been painfully slow.    On the supply side, we have likely topped out on new listings for the season and are beginning to see...

3Q22 Is a Wrap! What’s Next?

3Q22 Is a Wrap! What’s Next?

We are officially in the fall market. Let’s review three important points: (1) what did Q3 tell us; (2) where are we now; and (3) how do rates play into this?   POINT ONE - Third Quarter Market Report - What is Notable?   Median and Average prices rose...

Early Fall Market: What to Expect in Manhattan and Brooklyn

Early Fall Market: What to Expect in Manhattan and Brooklyn

Happy almost fall! Before we get into it, it’s important to note that September is the lowest deal-volume month of the calendar year so there is nothing grand to report in terms of unexpected changes. The macro shift, in our opinion, has occurred and what we are...

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