New York Real Estate

Meanwhile, Miami reports the return of foreign buyers

Spiking interest rates on home mortgages (that in September topped 6 percent for the first time in nearly 15 years) have led a growing number of recent homebuyers to find creative ways to pay for their new homes with cash....

The net effective median rent (face rent minus landlord concessions) surged 33.4% year over year to $4,100, exceeding the $4,000 threshold for the first time and reaching a new high for the seventh consecutive month. While the net effective average...

The frenzied pace of the New York City sales market is calming down, a result of more listings on the market and slowing demand. With less competition, buyers have gained some breathing room—they can take a day or two to...

New York City subway ridership has not completely bounced back to where it was before the pandemic, but rents near subway stations have skyrocketed. It’s an indication that New Yorkers still rely heavily on the subway system, according to a...

A series of new projects are betting big on tourism and entertainment in the neighborhood and prospects include Manhattan’s first casino, hotels with high-life amenities and major upgrades to tourist attractions. Before the pandemic emptied Times Square’s shops, theaters and...

During the first quarter of 2022 New York City reached a record-breaking number of closed sales, 3,585 to be exact, the highest registered in thirty-three years; up 45.9% year over year and 48.9% from pre-pandemic levels Listing inventory (the number...

Rent in New York City remained the most expensive in the nation, according to a new Zumper study. And it's getting even more pricey — the monthly cost for one- and two-bedroom apartments shot up 30.4 percent and 26.1 percent,...

Created in 1971 to spur development in neglected neighborhoods of New York, the 421-a program allowed condo buildings to be exempted from millions of dollars in property taxes for 10 to 25 years, depending on location and other criteria. The...