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....
What to Expect in New York City Real Estate

What to Expect in New York City Real Estate

At the start of the year, the real estate market in New York City showed signs of returning to some normal seasonal trends. This is after two years of unprecedented fluctuations caused by the COVID-19 pandemic.  The market remains on a steady course, and while we are...

The Manhattan Real Estate Market Report: Q1

The Manhattan Real Estate Market Report: Q1

The Manhattan real estate market has been on quite a ride for the last two years. The COVID-19 pandemic and subsequent recovery have made for some interesting marketing dynamics since 2020. However, what we’re seeing now are signs that we may be getting back to more...

Spring is in the air! How is the market responding?

Spring is in the air! How is the market responding?

The weather may still feel like winter, but we are finally in the midst of the spring market! Historically, March and April are the two biggest listings months, outside of September. So, how is the spring market shaping up in 2022? Well, the short answer is, it...

Interest Rates on the Upswing

Interest Rates on the Upswing

As predicted, interest rates are now increasing.  Interest rates retreated from 2022 peaks but ticked up last week as the Ukraine invasion by Russia escalates and grows more uncertain. However, there were other big developments here at home that erased a good portion...

The Brooklyn Report

The Brooklyn Report

Let’s start with this: Brooklyn is not only a super-hot market, but it is now producing inventory of a quality and price point that rivals all but the very top of the high end in Manhattan. Consider this listing: At $4,300 per square foot, it is still a far cry from...

Get ready for the spring market! It’s going to be busy.

Get ready for the spring market! It’s going to be busy.

Spring market outlook Inventory is on the rise and current market data is pointing to an active market. With interest rates rising, now is the time to transact! The spring market looks to be starting early this year. The inventory of homes available for sale bottomed...

New York City Real Estate: Fourth Quarter 2021 Market Report

New York City Real Estate: Fourth Quarter 2021 Market Report

Q4 2021 Market Overview and Outlook for 2022 2021 was marked by a frenzied pace of deal volume. The market had not seen this level of volume since 2013. Notwithstanding the volume of sales, prices have just recovered to pre-pandemic levels. Time on market declined in...

It’s all about employment: Why New Yorkers are returning to NYC

It’s all about employment: Why New Yorkers are returning to NYC

As reported in our mid-October blog, the third quarter was record breaking. Some interesting things are happening. First, the percentage of foreign buyers has dropped significantly from 28% of new development buyers pre-pandemic to 11% as of 3rd quarter 2021. So what...

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