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...

As we’ve been reporting over the last few months, Manhattan’s real estate market has caught fire like never before. The third quarter was also a record summer for sales over $5M – with a luxury market driven by buyers seeking more space and better value. This velocity...

China has been on everyone’s radar recently with the headlines about the struggles of its heavily-indebted property firm Evergrande, which is laboring under $300 billion of debt and seemingly no way to stay current on debt service payments. Whether or not China deems...

It's been a year and half since we first entered into the COVID-19 lockdown in New York City. While we've come a long way, the real estate market is still seeing impacts of the pandemic, as well as various other forces. As we're entering into the fall market, we...

There are so many things that go into the value of a home in New York City, with the most obvious being location, size and condition of the home. But, New York City is unique in that floor height can also change the listing price of a home, even within the same...

Buying a home in New York City is unique compared to buying a home in other regions. For one, buying an apartment will come with monthly fees on top of your purchase price. It is crucial that you factor these costs in when you're looking for an apartment. Not only can...

Everyone knows having outdoor space is not only luxury in New York City, it's 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 all, outdoor...

Missed the bottom? Don’t miss the recovery. The New York City real estate market ended the second quarter of 2021 on a tremendous high. Supply continues to hold steady. Notwithstanding that pending sales continue to be strong, inventory levels have remained stable as...

Finding the right home to buy takes knowledge, skill, and often a modicum of luck. Once you’ve found it, the next thing to tackle is the negotiation.  This is not a “one size fits all” situation by any means! The wrong approach will have you overpaying or losing bids...

Is now the time to make a real estate investment? In short, yes! We spend a lot of time looking at apartments. In fact, we've been contemplating buying another apartment as a rental property. After all, the city is coming back and there are plenty of new condos to...