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...
Third Quarter Review: Manhattan Real Estate is On Fire!

Third Quarter Review: Manhattan Real Estate is On Fire!

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: what does it mean for New York City real estate?

China: what does it mean for New York City real estate?

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...
Everything impacting the New York City real estate market today

Everything impacting the New York City real estate market today

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...
How much does height matter in pricing a home?

How much does height matter in pricing a home?

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...

Signup for our newsletter