NYC Market Impact from COVID-19
July 01, 2020Compared to prior years, the supply and demand of the New York City real estate market has dramatically changed, but that doesn’t mean that deals aren’t getting done. With historically low interest rates and real estate agents leveraging the existing technology to provide virtual tours, there is certainly movement in the market. As in-person showings resume, we expect that to only...
Read More2018 Real Estate Forecast
December 30, 2017New 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 luxury...
Read MoreShould We Be Buying or Renting in Manhattan?
February 25, 2016Average 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...
Read MoreFinance So... What is NYC Real Estate Worth? And Where are we Headed?
February 19, 2016The 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...
Read MoreTo Rent or to Buy?
January 26, 2016For 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...
Read MoreThe Fourth L in New York Real Estate
July 19, 2016The 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...
Read MoreIs the Best Renter's Market to Come in 2016?
January 13, 2016On 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...
Read MoreAM New York Adam Mahfouda Affordable Housing Agents Agents at Oxford Apartment Awards Best time to rent Brooklyn Buy Buy down interest rates Buying Cleaning Clell Tickle Co-ops & Condos Commercial Commerical Community Award Contractors Development Essy Awards Expansion FED rates First Time Buyer First time homebuyer First-time Forbes Forbes Real Estate Council Helpful Tips Homes Industrial Real Estate Interest Rates Interest rates Investing Investment Investments L train Leasing Long Island City MTA Manhattan Mansion Tax Marcus Magarian Market Market Prices Market Trends Marketing Media Merger Mortgage rates Moving NYC NYCstore Navigating interest rates New Home New Office New York OPGNY Oxford Property Group Photos Price Increase Price Per Square Foot Purchase Act Real Estate Real Estate Agents Real estate Real estate agent Rent Rent Laws Rent Stabilization Rentals Renting Sales Security deposit free Sell Selling Silos Spring Spring Cleaning StreetEasy Subway Tax Abatements Teams Technology Tenants Trainings Trends Vacation Volunteering adammahfouda biggerstore classAoffice clelltickle commercial real estate commuting condo development expandtonyc fashionstore furniturestore interest rates leases lending locationlocationlocation luxury real estate luxuryretail luxuryretailspace manhattanretail mortgage rates new york apartment newyorkretail nolitaretail placeofwork priceinflation primelocation real estate development realestate realestatetaxes rent or buy calculator renters advice residential retail sales sohoretail store taxes trophy property