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A key point of contention during the 2025 federal tax bill debate was the cap on the State and Local Tax (SALT) deduction. In short, the deduction allows taxpayers who itemize to deduct at least a portion of their state and local income, sales, and property taxes from their federal taxable income...
At one of the first Landmarks Preservation Commission hearings of 2026, commissioners reviewed an application for exterior changes to 139 Franklin Street, an industrial building in the Tribeca West Historic District, in preparation for a residential conversion. According to a presentation, design...
In a city defined by reinvention, NYC townhouses remain among the most sought after and enduring types of homes. Try as some designers might, the extraordinary woodwork found in pre-war townhouses and early apartment houses are incredibly difficult and expensive to replicate or improve upon. Ha...

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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...
From December 30, 2025 - January 5, 2026, fewer than 150 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. The bulk of these were listings returning to the market with lower prices in the early days of January 2026, as is common practice in the wake...
Buyers often assume that if an apartment has been sitting on the market for months, something must be wrong with it. In reality, while a “stale” listing can be a red flag, that is not always the case. Depending on the property and its price point, even a stale listing may represent a great deal, ...
The week of December 29, 2025 - January 4, 2026 was the slowest week for Manhattan residential real estate activity of the 2025 calendar year, likely due to the New Year's Eve and New Year's Day holidays falling in the middle of the business week. But while the number of contracts signed dipped s...
The year 2025 drew to a close with about 12,000 apartment sales recorded in Manhattan, an island with a population of about 1.66 million people. Perhaps this tiny fraction is not surprising; U.S. Census data shows that the homeownership rate in New York State is the lowest in the country, and New...
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 is roughly two full weeks into winter in the Northern Hemisphere, but the season is already off to a chilly start in New York City. Real-feel temperatures hovered around 0 degrees Fahrenheit the week before the winter solstice. While New Yorkers just missed out on a white Christmas, Central Pa...
On January 1, 2026, Zohran Mamdani was sworn in as the 111th (or possibly 112th) Mayor of New York City. Housing was a key component of his campaign platform, and he signed three executive orders related to housing on his first day in office. One was to revamp the Mayor's Office to Protect Tenant...
Between the Thanksgiving, Hanukkah, Christmas, and New Year's holidays, the last few weeks of the calendar year are a popular time to get together with friends and family. But between limited square footage and open floor plans that put dirty dishes on display, the modern New York City apartment ...

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