Increase in listings calms frenzied NYC sales market

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Increase in listings calms frenzied NYC sales market

The frenzied pace of the New York City sales market is calming down, a result of more listings on the market and slowing demand. With less competition, buyers have gained some breathing room—they can take a day or two to make an offer—something not possible in recent months.

It’s not exactly a swing from a seller’s to a buyer’s market, at least not yet—it’s more like a nudge.

You can expect a slower pace to return this summer, when the market usually ...

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Manhattan Luxury Reality Check

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Every week we hear of multi-million dollar properties going on the market and sometimes the asking price seems exorbitant, because it is!

With this report, we are going to tell you at what prices luxury properties are actually closing and what was their actual negotiability factor, anybody interested in getting a discount?

There were 122 closings at $4 million and above in April 2022, 58 less than March. The Average Closing Price was $8,462,744 down -12,6%, meanwhile, the Median Closing Price was  $5,987,744 down -8.5%. ...

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The Great Rental Market Comeback

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There were 4,494 New Lease Signings in Manhattan in the month of April -50.5% compared to the same period last year, but that was due to the distortion of surging inbound activity last year as the market woke up post pandemic.

Bidding Wars accounted for more than one in five new lease signings, with a 21.3% market share and a 10.7% average premium above the landlord’s last asking price.

The Median Rental Price was $3,925, up +31.9% from April ...

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Uber Will List NYC Taxis On Its App

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Uber Will List NYC Taxis On Its App

New Yorkers will soon be able to hail a taxi on Uber.

The Wall Street Journal was first to break the news of the agreement, which it reported could ease Uber’s driver shortage and direct more business to taxi drivers. I also recommend using Curb (the yellow cab app) https://gocurb.com/ to find a cab and pay for your ride. I use it all the time.

(source: patch.com, picture ...

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Magician Runs 116 Miles Around Central Park

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Magician Runs 116 Miles Around Central Park

Ultra-runner and magician Oz Pearlman just set a record for the number of laps run around the iconic 6.1-mile road in Central Park.

Pearlman ran 19 loops, a staggering 116 miles, 18 miles more than the previous park record set just last year, running nonstop from 6 a.m. on Friday to 1 a.m. on Saturday. The record-setting effort was in support of the Save the Children Ukraine Relief Fund, ending up raising roughly $100,000.

“As a parent of three young children, my heart breaks seeing the horrific violence in Ukraine and its impact ...

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Office occupancy hits pandemic high

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Office occupancy hits pandemic high

There have never been more office employees going into offices across the United States since the onset of the pandemic, but the in-office population is still less than half of pre-pandemic levels.

A record number of employees were back at the office for the week of March 30, according to Kastle Systems’ “Back to Work Barometer”. While that’s positive news for the office market, the level marked only 42 percent of pre-pandemic levels.

The share of workers back in the office was the highest in around ...

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