Month: July 2016

What Does $2000 Per Square Foot Get You in NYC?

I remember fondly back in 2006 or 2007 when the $1000 per square foot barrier was being broken again and again all around Manhattan in the condominium market.  Fast forward a decade, we are seeing a range of prices for resale condominiums …

The End of Aspirational Pricing

Over the last few weeks, I have been asked from time time to sum up my thoughts on the market.  One recent morning I responded, “I think we’ve seen the end of aspirational pricing for some time.” Something about that comment seemed …

What is the Future of L Train Brooklyn?

I spent a few weekends this past winter heading out to Bushwick, Bed Stuy, Stuyvesant Heights trying to understand the investment upside.  I was seeing townhouses with asking prices of $1-2mm, all renovated, with promised returns of 5-6%.  That is, a net …