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Market Insight

While new development often touts layouts approaching 3,000 square feet as expansive, full-floor prewar residences on the Upper East Side offer a reminder of what living large truly means.  Case in point: the top sale in the city last week was Ken Griffin's $38 million purchase of a full-floor du...
Owing to its location in the Tribeca East Historic District, the team behind 14 White Street required permission from the Landmarks Preservation Commission ("Landmarks") before they could proceed with the project. These hearings can get contentious, but that was not the case this time: Landmarks ...
From basic staging tactics that aim to hide everyday clutter to elaborate staging scenarios that transform properties by bringing in designer furniture and original artworks, property staging is a tried-and-true part of selling homes. According to a recent report by the National Association of Re...

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In the first quarter of 2026, Manhattan’s apartment contracts totaled $6,906,075,016 in ask volume across over 2,500 deals, with the average asking price coming in at $2.681M and an average of $1,709 per square foot. The buildings that accounted for the most activity tend to follow a familiar pa...
Architects have long pondered how best to signify that a building has completed its ascent into the heavens, and the most popular means has been the cornice, a protruding element that overhangs the building’s façade. This element is usually not too tall, so as not to seem ungainly, and not too de...
On Tax Day, most New Yorkers are thinking about what they owe. But in the world of real estate, the conversation is increasingly shifting to who isn’t paying enough / who can afford to pay more. Yesterday, Governor Kathy Hochul brought back to the table a pied-à-terre tax that would target high-e...
From April 8-14, 2026, over 250 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. The week-over-week increase seemed to mark a return to business after the spring holidays, and included multiple mid-level reductions as opposed to deep cuts. Addition...
Mayor Zohran Mamdani campaigned on a platform of affordability for all aspects of New York City life, including child care. To that end, he has added for than 1,000 seats for three-year-olds in the city's existing 3-K program; and in March 2026, he and Governor Hochul announced that four communit...
The week ending April 11, 2026 saw 205 residential apartment sales recorded in Manhattan, a small week-over-week decrease. Co-ops drove overall volume, largely supported by lower price points, but units in prestigious cooperatives on the Upper East Side and Central Park West accounted for three o...
From April 6-12, 2026, 254 residential contracts were signed in Manhattan. This marks a small week-over-week uptick; but while all of the week's ten highest-priced contracts were asking over $10 million, the aggregate dollar amount dipped slightly during this time, underscoring the enormous sway ...
From April 10-12, 2026, the 2026 U.S. Masters Squash Championships will take place in New York City. This variation on tennis dates back to the 19th century, when it was invented at British boarding school Harrow. In the present day, governing body World Squash has a membership of 115 National Sq...
New York City is interesting for its integration between what was, what is, and what’s next. Even as glassy new developments go up with open layouts, warm material palettes, and lofty proportions that nod to our industrial past, one defining detail remains difficult to replicate: exposed brick. F...
Over 100 years after 289 Schermerhorn Street was constructed as an office in Downtown Brooklyn, it has been expanded and converted to The Bowen, a new condominium where sales have recently begun. The first public availabilities start at $995K for one-beds, $1.285 million for two-beds, and $3 mill...

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