Hello, everyone! I hope you’re reading this from a comfortable beach chair instead of an office! The market has taken a tiny breath, though perhaps it’s panting between sprints rather than breathing deeply. August always reminds me of my high school two-a-day football practices in sweltering Louisiana humidity, so I am very thankful for what
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New construction, at the moment, is drawing stunning levels of interest. As I mentioned in my last post, we’re seeing construction at levels unvisited since 2007, despite a spike in land prices of nearly 300%. The result is an exclusive focus on the high end. A few data points: I’m counting more than forty Downtown
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Our 2nd quarter market report gives plenty of data points, but I’ll offer a few highlights and some takeaways, both from the report and not: The quarter’s topline “average price,” 19% higher, year over year, is essentially meaningless. This average is too skewed by a few very large transactions. In neighborhoods with little condominium product,
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Before we dive into this month’s run, I want to offer two fun half marathons that I was lucky to do this June and July – perhaps you can put them on your calendars for next year. First, the Fairfield Half Marathon in Connecticut. Here is the course – plenty of hills, but the view
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Hope you have enjoyed what has transpired thus far in the World Cup! USA! USA! USA! Looking at the New York City Real Estate market, this game is shifting day-to-day with its own surprises. But in the market, the rules seem to shift continually, and adjusting and defining new realities. To some degree I wear
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If I set out to find new development apartments that were smaller, perhaps, geared towards first-time buyers, away from the super high end, it would be hard to find both good quality and value right now. I recently visited a few properties that I might put into this “non-luxury” category, if only because they have
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We finally return to the heat of late spring and early summer, and search for leafy and shaded runs to hide from the sun! In its glow from the recent Governor’s Ball, which I hear was a lot of fun, I’ll share one of our many trips through Randall’s Island by way of the 102nd
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Market data has not changed much in the last couple of months. New development selling out in record time and an utter lack of property, especially at the low end of the market. Thoughts about what is causing the continued lack of inventory, along with what levers might move the market to a healthier equilibrium.
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This month, I had the pleasure of seeing a few of the scads of new development sites hitting the market. I saw: 400 Park Avenue South 215 Sullivan Street 505 West 19th Street not to mention 306 West 116th (in previews in West Harlem) Toll Brothers’ 400 PAS is in previews right now, much like
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It could be difficult to find a New Yorker who does not know a runner of last weekend’s Brooklyn Half Marathon. 40,000 runners took this 13.1 mile stroll through Prospect Park, then down Ocean Parkway to Coney Island. (I had some fun covering that course a bit in a recent post!) This year’s race enjoyed
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