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Renters are ‘frantic’ to return to NYC

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Renters are ‘frantic’ to return to NYC

Imagine wanting to ease back into your New York City life after being away for a year. You scan apartment listings and see your old place is available. Sounds like a great coincidence, right?

That’s what happened to many people, like Ranee Soundara, who let her apartment lease lapse during the pandemic, and was hoping to return to the city in October. There was only one problem: The place is “now almost 25 percent more than what I paid last ...

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Manhattan Sales Activity is UP Big Time

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New signed contracts for co-ops, condos, and 1-3 families combined doubled in January, year over year, for the second annual increase since the lockdown ended. New listing inventory fell sharply year over year for the fourth straight month.

(source: Miller Samuel)

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Madison Avenue retail buildings sell for record low price

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Madison Avenue retail buildings sell for record low price

“Three retail buildings on Madison Avenue have sold for a combined $45 million, a price that represents a new low for the posh shopping district.

The luxury retailer Akris will buy three properties at 831, 835 and 837 Madison Avenue between East 69th and 70th Streets for $45 million, according to the Wall Street Journal. The deal includes three ground-floor retail spaces, along with 15 residential units.

The deal came out to $1,340 per square foot, a significant decline ...

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