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...
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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