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Contract activity — the number of signed contracts — is up 10.8% year-over-year, though still 7.2% below the monthly historical average, indicating a market performing slightly below seasonal norms.
The median sales price for a Manhattan apartment stands at $1.1 million, marking a 3.5% annual decline.
Active listings have increased 1.9% compared to last year, while pending sales rose 15.3% year-over-year.
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Owning a home inside one of New York City’s most recognizable landmarks is now officially possible. The long-awaited conversion of the Flatiron Building is finally revealing its prices. Developers have filed plans outlining 38 luxury residences with a projected sellout of around $375 million. The first 18 units released range from just under $11 million for a 3,000-square-foot (280 m²) apartment to $50 million for a 7,400-square-foot (687 m²) duplex.
A spectacular ...
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After years of decline, international buyers are once again shaping New York City’s real estate market in 2025. In the first half of the year, there’s been roughly one foreign buyer for every two foreign sellers—the best ratio since 2020. Last year, that number was far worse, with over three sellers for every buyer.
Sales to foreign buyers have doubled in volume compared to 2024, with most interest coming from Asia. Buyers are focusing on ...
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After years of downsizing, tech companies are back in Manhattan’s office market. OpenAI just signed a 90,000-square-foot lease at the Puck Building in Soho—its first NYC office—while fintech firm Chime took 84,000 square feet in Flatiron and AI startup AlphaSense grabbed 50,000 in Hudson Yards.
These moves mark the strongest start for tech leasing in 25 years, with over 1.6 million square feet (148,645 m²) leased in Q1 and April alone, nearly matching all of 2023. Driving the rebound: renewed VC funding, AI momentum, and shifting work habits. More firms are committing to hybrid models, ...
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Just hours after the FARE Act took effect, rental listings on StreetEasy dropped by over 1,000.
The new law, which shifts broker commission payments from tenants to landlords, is already reshaping New York’s rental market. Some landlords are pulling listings to avoid legal ambiguity, while others are raising rents to offset broker costs.
One-bedroom units that were $5,000 are now being priced at $5,400. Rent-stabilized landlords, who can’t hike rents, are especially strained. While for some this law risks reducing transparency and hitting less well-off tenants, ...
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Contract activity, or the number of signed contracts, is up 10.8% from last year and down 3.6% from the monthly historical average. The median sales price for a Manhattan apartment is $1.19 million, reflecting a 13.4% increase compared to the same time last year. The supply, or the number of units available on the market, is essentially the same as last year, having decreased by just 0.3% annually. Meanwhile, the number of pending sales in Manhattan has risen 28.4% year-over-year. The Market Pulse, which represents the pending-to-active ratio, stands at 0.46, indicating a neutral ...
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