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Market Insight

The Torch, a supertall hotel-and-observation tower rising at 740 Eighth Avenue, has received its first sections of cladding, offering a clearer glimpse of what the somewhat clandestine project will look like upon completion. The development is a novel addition to New York City, combining an 825-k...
Earlier this week, the NYC Department of Housing Preservation & Development and WXY architecture + urban design released ADU for You, an online platform to help New York City homeowners who wish to take advantage of City of Yes for Housing Opportunity's new rules for accessory dwelling units (ADU...
Windsor Terrace offers a peaceful, down-to-earth, almost suburban atmosphere between Prospect Park and Green-Wood Cemetery in Brooklyn. The area is largely residential, with housing stock mostly dedicated low-rise pre-war apartment buildings, but new construction multi-family buildings are rising...
 
In 2025, core New York City areas recorded just over 11,000 signed residential contracts: 44 percent condominiums, 54 percent co-ops and condops, and the remainder townhouses. If all properties sold at their last asking prices, total contract volume would exceed $25.5 billion. The overall average...
It has been proclaimed that “the future is female,” but women have made indelible marks on New York City’s history. The writings of Ada Louise Huxtable and Jane Jacobs had a significant impact on the city’s planning and architecture. Peggy Guggenheim and Gertrude Vanderbilt Whitney's eyes for art...
Whether you're buying a luxury condo or an entry-level co-op, bidding wars have become common for approachably-priced units in sought-after locations. While elevated interest rates have priced out some buyers, in some markets they’ve only made bidding wars less intense—not eliminated them altoget...
Renting in Murray Hill doesn’t sound very exciting on paper. The area has held on to a now dated reputation of being a post-dorm community with a lot of office buildings nearby, but not a ton of shopping or culture. But day to day, the neighborhood is one of the most central, convenient, and easi...
Earlier this winter, Trinity Church announced that it was building a 24-story residential tower constructed to Passive House standards at 50-58 Cliff Street, containing 120 permanently affordable apartments. The project is taking shape at a time when the second Trump administration is doubling do...
Most New Yorkers are familiar with co-ops and condos, but occasionally, listings come up in hybrid buildings known as condops. They account for a small figure of the housing stock (about 215 condops out of 7,527 public sale listings), but it is still important to understand these hybrid buildings...
Owing to its family-friendly atmosphere and close proximity to Central Park, Museum Mile, high-end retail, top schools, and world-renowned hospitals, the Upper East Side is a popular destination for buyers and renters alike. The boundaries and protections of the Upper East Side Historic District ...
From March 16-22, 2026, 214 residential contracts were signed in Manhattan with 37 for units asking over $3.9 million. Both the number of contracts signed and aggregate dollar amount are up slightly week over week; however, this represents a 29% decrease from the same week last year.
Earlier this week, the New York State Association of Realtors reported that New York State had only 22,366 homes for sale in February, down 3.9% year-over-year and the lowest number since they began tracking the data in 1997. Such scarcity cannot help but drive prices up throughout the state, and...

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