Market Insight
Queens-based Nexus Development, led by CEO Xiaogang Wang, has shifted its focus from recently completed Midtown condo projects at 300 West 30th Street and 355 West 39th Street to a midblock site at 31-35 West 14th Street, where Chelsea meets Greenwich Village. Nexus acquired the site in October 2...
It's officially spring in the Northern Hemisphere. Following the vernal equinox on Friday, March 20, the days will get gradually longer and signs of the season will emerge between the return of robins and other birds, buds on trees, and wildflowers. Even the concrete jungle is not immune, with su...
The New York City Department of Transportation (DOT) has just announced that it will immediately begin work on a transformational redesign of Ninth Avenue from West 34th to 50th Streets to relieve overcrowding and create a more pedestrian-friendly experience. The plan involves widening the sidewa...
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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...
Sales have just launched at The Candy Factory, a boutique condominium at 124 Washington Avenue in Clinton Hill named in honor of the purpose for which it was originally built. The first public availabilities start at $1.073 million for one-bedrooms and $1.958 million for three-bedrooms.
During the second week of March 2026, the number of Manhattan apartment sales recorded ticked up slightly week-over-week. The number of luxury sales priced over $3.9 million also rose slightly during this time, with the five most expensive sales of the week showing an almost even divide between p...
From March 10-16, 2026, over 200 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions.
The Mount Morris Park Historic District, stretching roughly from West 119th to West 124th Streets between Lenox Avenue and Mount Morris Park West, is one of New York City's most intact and beautiful historic enclaves. With Marcus Garvey Park as its anchor, the 13-block area offers a rare concentr...
In the centuries since George Washington's Revolutionary War fort was built on the highest point of Manhattan, the Upper Manhattan neighborhood that would become known as Washington Heights has evolved from sparsely populated farmland to wealthy New Yorkers' estates (famously painter/ornithologis...
From March 9-15, 2026, 203 residential contracts were signed in Manhattan. A smaller number of contracts for units asking over $3.9 million inevitably led to a week-over-week dip in the aggregate dollar amount; and yet, almost anything would represent a comedown following the highest weekly total...
On March 10, the Landmarks Preservation Commission reviewed an application by Minskoff Equities and Skidmore Owings & Merrill (SOM) to build a pair of 19-story, 195-foot-tall buildings at 375 Lafayette Street, which is now a parking lot on the northeast corner of Great Jones Street in the Noho Hi...
Conventional wisdom tells buyers and sellers to avoid working with a dual agent, and the reason is simple. Since dual agents work for both parties, it is impossible for them to represent the best interest of both parties. Dual agency is so controversial that it is even illegal in some U.S. states...
After years of planning, sales have just launched at Billionaires' Row condominium 660 Lexington Avenue. However, Rybak Development is also busy gearing up for another sales launch, this one on the Upper East Side at 500 East 81st Street.
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