Even before the arrival of COVID, the co-op and condominium markets in New York City were softening. The pandemic has only served to exacerbate the problem. Now, market forces are flying wild, with unexpected results everywhere you look. A…
As Halloween approaches, buyers and sellers of real estate might do well to keep in mind that residential properties - be they condo, co-op, or single-family house - have a past. What’s more, that past might still be lurking around in close…
On August 17, 2020, Governor Andrew Cuomo announced that all gyms and fitness centers in New York State may reopen for operation on Wednesday, September 2, 2020. (Indoor group fitness classes may be delayed beyond that date.) Upon reopening…
In Part 1 of “Multifamily Energy Savings Solutions,” we introduced some relatively simple products and processes that individual owners or shareholders can adopt to reduce energy consumption and emissions and to save on their energy costs. …
While the numbers being put up by the residential real estate market in NYC are - and have long been - the envy of other regions across the country (with the possible exception being the Bay Area, where Silicon Valley tech money has morphed…
While prices for both resales and newly-built condos and co-ops in Manhattan have seen a decline of as much as 30% as a result of the disruptions caused by the COVID-19 pandemic, prices for units in Brooklyn and Queens seem to be holding th…
The Real Deal reports that Sush Torgalkar is leaving his role as CEO of Extell Development not even two years after coming on board from Westbrook Partners. It is the latest in a series of high-level departures from the prolific New Y…
As New York continues its efforts to reopen its economy as safely as possible amid the continuing (and in many states, intensifying) COVID-19 crisis, there is concern about what the residential housing market—which had experienced a decline…
Architectural Digest reports a new trend in amenities for multifamily residential buildings: on-site healthcare facilities or services that allow residents to receive medical testing or treatment at home. In this peri-pandemic era whe…
A lot has been said this spring and summer about wealthy New Yorkers and other urbanites ditching their metropolitan high-rises and townhomes for second homes (or brand-new ones) that offer more space, greenery, and social distancing. Sourc…