Market Insight

'Deal Fell Through' — How to avoid a failed close + NYC homes 'back on the market'

By Cait Etherington | From Get To Know Thursday, May 29, 2025

In most markets, only a small percentage of contracts (on average, 1.5 to 4 percent) are canceled, but under exceptional circumstances, canceled contracts can spike. In March 2020, at the start of the pandemic, for example, 18 percent of contracts in the United States were canceled, and in early ...

NYC Skyline Views: When Manhattanhenge fails, these homes still shine

By CityRealty Staff | From Future New York Thursday, May 29, 2025

It is common knowledge that the sun rises in the east and sets in the west, but this does not take place along a fixed point: According to the American Museum of Natural History, the sunset point creeps until the first day of summer, and southward until the first day of winter. Thanks to the posi...

80 Clarkson nears topping out on the Hudson River waterfront

By CityRealty Staff | From Future New York Thursday, May 29, 2025

In Lower Manhattan, where the cobblestone streets of the West Village blend into the quieter, more commercial blocks of Hudson Square, construction is well underway on a pair of dynamic residential towers that are reshaping a medium scale section of the Downtown waterfront.

From Market Data City Stats: Condo vs Co-op Comparison

Building Type

Condo
Co-op

From Buyer's Guide Get the Insider Tips on Buying Your Dream NYC Apartment

From closing costs What Fees to Expect When You Close Your Apartment

NYC's most expensive neighborhoods to buy a condo or co-op

By CityRealty Staff | From New Developments Tuesday, March 4, 2025

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...

Price Cuts: $1M reduction at 220 Central Park South; Fifth Avenue duplex drops below $2M

By CityRealty Staff | From Great Listings Wednesday, May 28, 2025

The summer solstice isn't until June 21, but Memorial Day weekend marks the unofficial start of summer for many. For real estate buyers and sellers, this can increase the pressure to close a deal or make a move in summer, i.e. before school starts. Moreover, the 2025 spring selling season was a s...

Manhattan Sales: Nearly $550M in sales include Russian oligarch's mini-Versailles at The Plaza

By CityRealty Staff | From Future New York Wednesday, May 28, 2025

Last week, public records revealed that 973 Fifth Avenue, a limestone mansion designed by prominent Gilded Age architect Stanford White, closed for $46 million in one of the highest-priced sales of 2025 to date. It is one of a small handful of single-family homes designed by Mr. White remaining a...

Over $600M in Manhattan contracts include Andy Cohen's West Village co-op and Upper East Side mega-mansion

By CityRealty Staff | From Future New York Tuesday, May 27, 2025

In recent months, listings in Downtown Manhattan have logged dizzyingly high prices to rival Billionaires' Row condos. Neighborhoods like Soho, Tribeca, Chelsea, and Greenwich Village were once known for their starving artist populations, but the New York Post notes that with Google, Disney, Delo...

Open Houses: NYC listings with terraces made for grilling + Memorial Day weekend to-dos

By CityRealty Staff | From Get To Know Saturday, May 24, 2025

This Memorial Day weekend, stay in New York City and savor exclusive off-menu specials during Chinatown Restaurant Week, or step back into the lavish past with a guided tour of Fifth Avenue’s Gilded Age mansions. Head to Times Square for Fleet Week’s Dive Tank demonstrations, and explore the mean...

Fire up the grill in these new developments with outdoor kitchens

By CityRealty Staff | From Future New York Saturday, May 24, 2025

In many New York City buildings, it has become the norm to install a gas grill in the courtyard or roof deck to bring a taste (no pun intended) of suburbia to the big city at the height of barbecue season. However, some designers take it one step further by outfitting the space with outdoor kitch...

Long Island City's Top 30 Luxury Rental Buildings

By CityRealty Staff | From LIC / Queens Saturday, May 24, 2025

In April 2025, New York City launched a public review for OneLIC, a rezoning plan that could bring nearly 15,000 new homes to Long Island City, at least 4,000 of which would be affordable. The plan covers 54 full or partial blocks from Gantry Plaza State Park to Queensbridge Houses, and from the ...

Price Cuts: Calvin Klein's former UES townhouse slashed by nearly 20%; Penthouse at 109 East 79th cut by $3M

By CityRealty Staff | From Get To Know Wednesday, May 21, 2025

Between the "City of Yes for Housing Opportunity" initiative and new tax incentives, a flurry of office-to-residential conversions have been filed in recent weeks alongside the others that have already opened their doors. Proponents see this as a solution to New York City's well-known housing sho...

2025 NYCxDESIGN Awards: Celebrating the residential winners and finalists

By Michelle Sinclair Colman | From Future New York Wednesday, May 21, 2025

Every spring, the NYCXDESIGN Festival draws design enthusiasts from around the world for panels, showcases, studio visits, block parties, and other events celebrating New York City's robust architecture and design communities. One of the cornerstone events is the NYCxDESIGN Awards, now in its ten...

First look at 205 Montague; Landau-developed tower poised to be Brooklyn’s tallest condo

By CityRealty Staff | From Future New York Wednesday, May 21, 2025

In early 2024, new building permits were filed for 205 Montague Street, confirming that the existing five-story commercial building will be replaced by a striking 47-story mixed-use tower. Rising to 672 feet, the planned structure would currently rank as the third-tallest building in Brooklyn, su...