In a tightening market where some new development condos are lucky to sign one deal every four weeks, the city’s biggest condos are finding 7, 8, 9 or more buyers a month. Marketproof used our sales velocity tool to...
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Report: Manhattan Luxe New Dev Market Still Hot in September
The weather is cooling off, but Manhattan’s luxury new development market didn’t get the memo. Though new dev condo sales dipped slightly citywide in September, those for $4 million and up spiked 30% in Manhattan...
The $250M Question: Is NYC’s Ultra-Luxe Real Estate Market Ready for a New Record?
The $250 million Central Park Tower penthouse has the world asking: Is there actually a buyer out there? Gary Barnett, president and founder of Extell Development, seems to think so. This triplex mansion spans 17,545...
Talking Manhattan: Commercial Real Estate Today with James Nelson
Noah Rosenblatt and John Walkup sit down with James Nelson, principal and head of Avison Young’s tri-state investment sales group, James has been in the business for more than 20 years and has completed over $5B in...
Kael Goodman Interview: Arpit Gupta, Co-author ‘Work From Home and the Office Real Estate Apocalypse’
Kael Goodman, the CEO of Marketproof, interviews NYU Professor Arpit about “Work From Home and the Office Real Estate Apocalypse” KEY TAKEAWAYS The shift to remote and hybrid work has reduced office values by as much as...
15 NYC condos and rentals new to the market
Coming out of the pandemic, the New York City real estate market is definitely in uncharted waters. Condo contract activity is finally slowing down, although still elevated above 2019 levels, while rents are...
News: New development condo sales slow for second straight month (The Real Deal)
Brooklyn sees most dramatic decline of any borough, but activity remains far higher than pre-Covid After a buying craze that characterized much of last year, sales of new development condos slowed across the city in May...
New tax abatement filter uncovers property-tax discounts in NYC
Since tax abatements, including 421-a and J-51, last for a certain number of years and begin to phase out at a certain point, it’s important to know if a building is part of one of these city- or state-sponsored...
NYC property tax charts help you know what the future looks like
Marketproof New Development & Condo, the leading condo data and analytics platform, now provides handy charts showing historical and future property taxes for NYC new development and resale condos. Share the data In...
NYC residential tax abatements: all you need to know (421-a, J-51)
New York City offers several different tax abatements to building developers that can lower condominium units’ property taxes for a set number of years. Their goal is usually to incentivize development in certain...
