Though the real estate crisis didn't rattle New York City to nearly the degree that it did other markets around the country, construction still stalled on many new developments during the recent recession. It’s not only location or the newe…
Over the past few years, the New York City condo and co-op market has experienced something of a perfect storm. Changes to the federal tax code and COVID-19 colluded to slow down the market, even as other areas around the country were soari…
Perhaps the most critical element in a successful marketing campaign for a co-op or condo unit is the price. Well, how is that price determined? What factors are considered? Whose expertise is needed to arrive at the optimum number? Is …
For as long as people have been living in close proximity, the issue of maintaining relations has been an important one. A good neighbor is a lot of things: sensible, reliable, understanding. But humans can be touchy beings, and when we’re …
A recent headline-making settlement by the National Association of Realtors (NAR) is poised to substantially change the way residential realtors’ commissions are paid on real estate sales in the United States for the first time in a century…
As New York City’s real estate market navigates its emergence from COVID-19 torpor, the question at the forefront of many industry professionals, apartment owners, and owner-wannabees’ minds is how the sales process - normally a very person…
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…
Remember in 2020, when everyone was so excited for 2021, “when all of this instability and uncertainty will be over”? Right. Well, while there was some relief from pandemic pandemonium as Americans started to get vaccinated against COVID th…
The last few years have been something of a rollercoaster ride for New York’s co-op and condo markets. After reaching an historic high in 2016, a number of factors—among them the cap on federal income tax SALT deductions, overbuilding/overs…
When Harris Scher was listening to his instructors in class last year, he took a good look at the jam-packed room filled with 300 students who had the same aspirations as he had — to have a successful career as a licensed real estate s…
Once upon a time, real estate auctions were solely for troubled properties. While the conventional stereotype of an auction is that of a vehicle to move distressed properties, the old scenario no longer strictly holds true. Today, real es…
According to the June 2014 US census, New York City—the largest, most populous city in the United States—is home to roughly 8.5 million people, and a record-breaking 56 million folks stopped in just to visit last year alone. The Big Apple i…
There's no question about it: economically speaking, it's been a very weird couple of years here in Gotham. While the outright market collapse so many feared seems to have been largely avoided, sellers who have seen double-digit declin…
The effects of COVID-19 on the real estate market are among the strangest and most talked-about repercussions of the pandemic. Rents have dropped in many top shelf Manhattan neighborhoods - such as the Upper West Side, for example - by more…
For many people, appraisals – why they're done, how they’re done, and how they’re used – is a mystery. But that need not be the case! For all intents and purposes, appraisals are a straightforward and simple component in the process of comp…
Long Island City became the talk of the town late last year after it was marked as one of two likely locations for a new Amazon headquarters. After much uproar from residents worried that such a massive project would rapidly gentrify th…
Before the multi-hyphenate It girls of the 21st century, there was Lee Bouvier Radziwill—younger sister of Jacqueline Kennedy Onassis, wife of a Polish prince for a time, and well known socialite, tastemaker, and fixture of the Upper East S…
There’s much to consider in choosing a co-op or condo in New York City. No one would dispute that school assignment is at the top of that list. While you can renovate a bathroom or kitchen, you can’t change the public elementary school to…
Over the past few years, millennials (generally regarded as those born between 1981 and 1996) have become the largest and most important demographic group for marketing products and services – including homes. What separates millennials fro…
Manhattan’s residential co-op and condominium market ended 2018 on a down note, a change from the more stable picture it displayed in 2017, according to Corcoran’s 2018 fourth quarter report. “Market-wide closed sales declined as potentia…