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2018 Real Estate Forecast
December 30, 2017

New York City is made up of dynamic neighborhoods in each of the five boroughs that make the different areas unique...and influence the pricing of the real estate differently. What you can buy in the Bronx as opposed to Manhattan varies as greatly as the surrounding neighborhood, but one thing is certain: 2018 is bringing price changes to all of New York City.   New...

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Should We Be Buying or Renting in Manhattan?
February 25, 2016

    Average rental prices climbed for the 23rd consecutive month to $4,073. Average Condo prices in NYC are now around $2,662,100; while average prices reach $1.15 million. Buying is a better option for higher income earners, while rentals are a...

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Finance So... What is NYC Real Estate Worth? And Where are we Headed?
February 19, 2016

The New York City Department of Finance has priced the “Full Market Value” of NYC to be $1,071,973,871,651 (Trillion)!   Tax Revenues to grow to over $211 Billion due to new inventory by FY2017.   Brooklyn sees the greatest growth; however, Manhattan dominates in terms of total dollar value invested.   Commercial property...

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To Rent or to Buy?
January 26, 2016

For those considering a move, the inevitable question is always whether it is better to rent or to buy. This is a particularly tough question in New York real estate, since rent prices can often seem intimidating. Why not just pay a mortgage instead? But according to research from SmartAsset.com, perhaps the question isn’t all that difficult. According to their national...

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The Fourth "L" in New York Real Estate
July 19, 2016

The old saying is that there are three “L’s” in real estate – location, location, location. For many living in Brooklyn, the fourth “L” is a train.   The convenience and amenities of any community can raise a property’s value. When shopping for a new place to live, it’s important to consider location in relation to your work and where you would...

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Is the Best Renter's Market to Come in 2016?
January 13, 2016

On December 10th of 2016, the  AM New York  newspaper cover story suggested that 2016 may be the best year for Manhattan renters since 2009. But what does that really mean?   There are several factors that go into a positive renter’s market, but the one highlighted by this article was that vacancy rates continue to increase. Quoting data from Citi Habitats, the overall...

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