2020 was a year like no other for the residential real estate market, and the market is still feeling the effects. The onset of the COVID-19 pandemic in the late winter and early spring of last year set off a series of whiplashing shifts.…
As developers struggle to offload excess condo inventory in an oversaturated market that at least partially stalled at the onset of the coronavirus pandemic, it is widely reported that investors and mezzanine lenders have swooped in wit…
According to a recent press release from Harlem-based developer Carthage Real Estate Advisors, construction is progressing at Marcus Garvey Village (not to be confused with the development of the same name in Brownsville, Brooklyn), a 300,0…
Home equity is one of the biggest contributors to household wealth. According to a Census Bureau report, two assets—home equity and retirement accounts—account for 63 percent of American households’ net worth. Yet, prior to the COVID-19 pan…
According to recent write-ups in the New York Times and New York magazine, life for some residents of 432 Park Avenue, the super-tall, super-luxe condo tower overlooking Central Park on the corner of Park Avenue and 57th St. in Midt…
In a report released on January 28, NYC-based trade association the Real Estate Board of New York (REBNY) notes that after three consecutive record lows, confidence among the city’s real estate brokers appears to have rebounded in the last …
One of the noted changes wrought by the COVID-19 pandemic in the New York metropolitan area is the accelerated movement of city dwellers to less crowded suburban - and sometimes even rural - areas to escape the elevated risk of infection in…
For many buyers, a key factor in deciding to purchase a home in a residential community rather than opt for private, single-family ownership is often the appeal of amenities that come with condo, co-op, and HOA living—pools, gyms, clubhouse…
Staging an apartment for sale has always been an important factor in getting the best price for your unit, but in the current market, it has become even more so. Many aspects of a condo or co-op unit are static, and while buyers are looking…
When considering whether to buy or rent a home, the rent-to-price ratio—calculated as median annual rent as a percentage of median home price in a given area—can be a useful metric. In locations with high rent-to-price ratios, it may be bet…