A proposed Pied-à-Terre tax would have been akin to placing a big “Not Welcome” sign over Manhattan. Following Amazon’s icy reception and subsequent departure from New York, the real estate ind...
There’s little doubt that both Amazon and New York City will both do just fine without each other, but even for a city as resilient as New York, losing the massive online retailer hurts.
Regardless of where you fall on the issues that caus...
Despite headline grabbing, record breaking condo sales, the general trajectory of Manhattan’s real estate market since 2015 has been downwards. An overabundance of new condos and rising interest rates have turned much of The Big Apple into a...
New York real estate always rises. At least that has been the overwhelming trend since 1940. There’s no reason to think it will change. However, the combination of rising interest rates, the new tax law, wage stagnation, political uncertainty...
Manhattan’s Ultra Luxury market is booming. But you need to be a billionaire to play.
While the luxury real estate market has had a turbulent year, high above the clouds, in the rarefied calm of the $25 million and up strata, deals are bei...
Before Amazon announced their Long Island City HQ, before Google announced an expansion and when Brooklyn townhouses were still being bought by Brooklynites, the Hudson Yards Project was already in the works. In fact, an early proposal dates ba...
Never doubt New York. Just when the real estate industry appeared soaked from downpours of pessimism, two pieces of news brought out the sunshine. Any notions that the current malaise could be long term were dispelled when Amazon chose Long Isl...
Someone clearly forgot to tell the Lower East Side that Manhattan real estate is experiencing a slow down. As thousands of new condos near completion in the once gritty neighborhood, in a project known as Essex Crossing, investors and owner occ...
New third quarter market reports from several brokerages all appear to be saying the same thing — the average home price in Brooklyn is now over $1 million. High quality new developments have been pushing prices up in the borough for seve...
Millennials, often thought as impoverished freelancers, have managed to infiltrate some of the most expensive areas in Manhattan. They are, according to a recent report by RentCafe, setting down roots en masse in Battery Park City, which saw a ...