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Market Insight

In the world of New York City real estate, it is impossible not to overstate the importance of views. Open views of the iconic skyline, one or both rivers, and/or Central Park are features of the listings commanding the city’s highest-priced sales and contracts, and the view is often a key factor...
As the old saying goes, March comes in like a lion and out like a lamb. But Manhattan's real estate market is anything but mild as March 2025 draws to a close. With one day remaining in the month, it is expected to break even with March 2024 in terms of the number of contracts signed. However, wi...
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New York City's residential apartment market is always evolving, with some neighborhoods maintaining their dominance while others experience notable shifts. In the condo market, Downtown neighborhoods remain among the most expensive, despite a slight decline in price per square foot year-over-yea...
New York's most upscale residential buildings flaunt the use of high-quality materials: statuary marble floors and countertops, bronze door handles and frames, and onyx details. But the rarest and perhaps most highly coveted amenity of all is made from a commonplace nickel alloy: a key to Gramerc...
After many years of planning and saving, you’re finally in a position to buy. To be on the safe side, you’ve saved 35 percent of the purchase price. You’ve also ensured that after putting 35 percent down, you will still have substantial savings. After all, in this market, anyone who will be wiped...
Flushing-based Nexus Development, led by CEO Xiaogang Wang, has shifted its focus from recent Midtown 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 2023 for $14.4 mi...
High cost of living has always been a trade-off for living in New York City, but recent developments are threatening to drive energy bills up. Earlier this winter, local energy giant Con Ed sought state approval for a proposal to help it expand and maintain its infrastructure, a venture that woul...
In a time of rapid global change and uncertainty, New York City’s economic indicators and robust business environment continue to reinforce its status as a leading global economic powerhouse. With a gross city product of over $2.5 trillion, the city's metropolitan area exceeds the economic output...
On the Williamsburg waterfront, the Williamsburg Wharf master plan is off to a robust start: Less than six months after sales launched on the condo component at One Williamsburg Wharf, leasing has begun at Two Williamsburg Wharf and Three Williamsburg Wharf. Availabilities start at $3,170 for stu...
Panoramic skyline and river views are often the first thing to attract New York City buyers’ attention, but it is important to remember that outside of heavily protected historic districts, these are not guaranteed to last forever. That was driven home in a lawsuit filed earlier this week, when t...
The New York City artist’s loft is arguably among the most romanticized and coveted living spaces in the world. It has been used as a backdrop for avant-garde films by Andy Warhol, the central scene of a musical (yes, we’re talking about Rent), and more recently, as the focus of several museum sh...

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