The All-Cash Empire: Why Cash is Still King in NYC's Luxury Real Estate Market in 2025 Decoding the All-Cash Luxury Market In the rarefied world of New York City real estate. The adage "Cash is King" is not a cliché; it is a market-defining reality. Manhattan is the throne for high-net-worth buyers and sellers. This is particularly true in Manhattan, where all-cash transactions are Continue Reading
\ Curtesy of David Watkis on Unsplash Understanding 99-Unit Buildings in NYC New York City’s skyline is evolving. A new development trend is reshaping the real estate industry. Buildings with exactly 99 residential units are appearing across the city. This pattern is intentional, driven by the 485-x tax abatement program. For luxury buyers and sellers, understanding this trend is essential. Continue Reading
Closing Costs in New York City Unpacked Buying or selling property in New York City comes with many moving parts—but one of the most critical, often overlooked, elements is closing costs. Whether you’re purchasing a co-op on the Upper East Side, a new development condo in Hudson Yards, or a townhouse in Brooklyn, understanding what goes into closing costs—and how they differ for buyers and Continue Reading
Understanding Hidden Monthly Homeownership Costs in NYC When buying in New York City, understanding the hidden monthly homeownership costs in NYC is crucial to avoid surprises. In New York City, the picture is much more complex. Beyond the mortgage and property taxes, homeowners must budget for 24-hour doormen, building reserves, utility surcharges, insurance gaps, and potentially expensive Continue Reading
Unlocking Mortgage Recording Tax Savings in NYC: The Power of Loan Assignments In the high-stakes New York real estate market, buyers face many expenses that can significantly add to closing costs. One of the largest is the mortgage recording tax, but there’s a way to save—by taking advantage of a loan assignment process through a Consolidation, Extension, and Continue Reading
| Real Estate Tips by Karen Kostiw Are you preparing for your final walk-through before closing on a condo, co-op, or apartment in New York City? The walk-through is one of the most critical steps in the NYC homebuying process—and it's often the last chance to ensure the property is in the agreed-upon condition. As a trusted NYC real estate agent, Karen Kostiw offers this Continue Reading
Manhattan Market Report for the week ending October 28th is anemic as we move into the new month. Supply and Pending Sales are both down slightly. Supply closed out at 7,765 and Pending Sales 2,678, maintaining the market pulse in buyer leverage territory at.35% As we began the month of November, Stocks tumbled as trading commenced. Traders also assessed better-than-expected Continue Reading
Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information to help you make an informed decision when setting up your homebuying plans. The Impact of Rising Mortgage Rates As mortgage rates rise, they impact your purchasing power by raising the cost of Continue Reading
After a tepid August with everyone hanging out at the beach or their garden September fall season brought supply to the Manhattan Market. Finally, buyers have new inventory and aged inventory at new and improved prices to choose from. Inflation, world economic uncertainty, stock market woes, and interest rates quickly rising has impacted Contract activity. The market has Continue Reading
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