Manhattan Weekly Snapshot: Flat Prices, Focused Buyers Spring in Manhattan feels busy when you are in the lobby and strangely calm when you look at the charts. New listings and signed contracts are building in line with the season. The price per square foot has settled into a narrow range that closely resembles the 2016–2018 range. UrbanDigs describes this as “a season of confusion.” Jonathan Continue Reading
Sought-after legacy properties in a volatile week Manhattan’s market is trading through the headlines. This week’s data show a city where volume, pricing, and sentiment are rising together. The Iran war keeps credit markets and mortgage rates jittery rather than settled. At the high end, capital is looking past the noise and choosing assets with history, architecture, and long-term Continue Reading
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
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