The relatively pricey Manhattan condo market was up against tough conditions last year. COVID conspired with the 2019 progressive mansion tax to shift buyer attention toward the less expensive boroughs, and Brooklyn...
Category - News
Blocks & Lots news updates cover NYC real estate happenings and trends with the added insight of Marketproof data and in-house experts.
Legal challenges could upend how real estate brokers share commissions
Legal challenges to co-broking likely headed to the Supreme Court were already threatening to upend the real estate brokerage business. But Compass took more direct aim at the local status quo when it filed an antitrust...
Building profiles: 10 new condos in Manhattan and Brooklyn
The NYC real estate market currently boasts a high supply of new Manhattan and Brooklyn condos. Marketproof tracks condo buildings, including those under construction, currently selling, and those that have moved on to...
Elad Group’s $87M Charlie West bulk condo deal by the numbers
The Elad Group is selling 70 condo units at its Charlie West tower for $87 million to Tishman Realty, The Real Deal reported. Elad has developed numerous residential projects in New York but is best known for its...
What HFZ Lost to CIM in Foreclosure of 4 NYC Condos
HFZ lost control of four conversion condominiums, ceding the buildings to mezzanine lender CIM Group, according to a report by The Real Deal. Marketproof New Development data reveals precisely what HFZ lost to CIM Group...
How supertall NYC condos are selling
Supertall NYC condos are symbols of the greatest luxury, sculpting Manhattan’s skyline and attracting the upper crust from both hemispheres. But beneath the sheen of a more than $3B building may lie water damage...
Does this Mega-Deal Signal the Comeback of Ultra-Luxury NYC Real Estate?
For one Upper East Side resident, a casual walk around the neighborhood led to among the year’s biggest real estate deals. The unnamed buyer took down the phone number of a developer of a property under...
