Why Brooklyn Heights Remains One of New York’s Most Desired Areas
Brooklyn Heights is one of New York City’s oldest neighborhoods. Known for its brownstone homes, tree-lined streets, and historic charm, it has long been a favorite place for people who want to live close to Manhattan but still enjoy a quieter lifestyle. Many of the buildings date back to the 19th century, and the area…
Why Renting Is Beating Buying in Westchester, New York
In the past several years, Westchester County has seen a boom in new apartment buildings. Cities like Yonkers, White Plains, and New Rochelle are leading the way. Yonkers approved thousands of new units in a single year, and New Rochelle wasn’t far behind. These projects aren’t just small developments—many are large complexes with hundreds of…
Rent Hikes Slow Down in Queens and Brooklyn
New data shows that rent prices in Queens and Brooklyn aren’t rising as fast as they were before. In December 2024, the year-over-year rent increases in these two boroughs were smaller than they were in 2023. Meanwhile, Manhattan rents are actually going up faster now than they were a year ago. This shift suggests that…
Cash Deals Hit Record Highs in Manhattan Real Estate
In the second quarter of 2025, nearly 7 out of 10 homes in Manhattan were bought with cash. That’s the highest level seen in years. Only 31% of buyers used a mortgage. Compared to the same time last year, the share of cash deals went up by more than 20%. Experts say wealthy buyers are…
More Manhattan Homes Are Bought With Family Trusts Than Ever Before
In recent years, there’s been a big increase in people using trusts to buy homes in Manhattan. A trust is a legal way to hold and manage property, often set up by parents or family members. In 2024, about 28% of all Manhattan property sales involved a trust. That’s a major jump compared to just…
How Much Does Real Estate Cost Per Foot in NYC Today Compared to 2015 and 2005?
NYC has always been one of the most expensive places to live in the United States. Over the past 20 years, real estate prices have gone through major ups and downs due to big events like 9/11, the 2008 recession, and the COVID-19 pandemic. In this article, we’ll look at how much the average cost…
High Mortgage Rates Push Average Buyers Out of New York City
In recent times, the real estate market has observed a notable shift, particularly in Manhattan, where an unprecedented surge in cash transactions for home purchases has been recorded. This trend, accentuated by mortgage rates hovering around the 6 percent mark, showcases a significant barrier for prospective buyers without substantial financial backing. The last quarter of…
City Takes Over Bronx Building After Years of Landlord Neglect
For years, people living in the building at 2201-2205 Davidson Avenue in the Bronx have had to deal with broken elevators, leaking pipes, mold, rats, and even roaches. Some had to spend their own money to fix serious problems like holes in the walls or missing hot water. The building had more than 600 open…
Embracing the New York Dream: The Moving Journey
New York – a name that echoes through the dreams of many, a city of promise, ambition, and infinite possibilities. Moving to New York is not merely a change of address; it’s an adventurous transition into a life that many see as a pinnacle of the “American Dream.” This article dives into the intricacies of…
Shocking New York Real Estate Facts and Changes
Facts about New York’s real estate are as diverse and dynamic as the city itself. From towering skyscrapers to historic brownstones, the landscape of New York’s property market offers a unique blend of history, luxury, and innovation. This article delves into the surprising, fun, and jaw-dropping aspects of New York’s real estate, setting it apart…
Good Cause Eviction Laws Could Protect Brooklyn Tenants from Displacement
In Brooklyn’s Columbia Street Waterfront District, dozens of low-income tenants are fighting to keep their apartments affordable as looming changes threaten to raise rents beyond their reach. For many, the stakes couldn’t be higher—they risk losing homes they’ve lived in for decades. The Situation at 63 Tiffany Place The building at 63 Tiffany Place has…
New York Real Estate: Surprising Facts You Might Not Know
New York, often dubbed “The Big Apple,” is renowned for its iconic skyline, rich history, and status as a cultural melting pot. When it comes to real estate, New York presents a myriad of opportunities, challenges, and unique characteristics. Here are some intriguing facts about New York real estate: Expensive Square Footage Manhattan, one of…