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The Hamilton Craze Takes Over Running, too

Like so many of you, I have become relatively obsessed with the Hamilton soundtrack.  And the show, actors and who’s replacing the original cast, ironic t-shirts, biography, etc.  I confess!  I’m also having trouble letting go of double spaces at the beginning …

What’s Noise and What’s News

Are you sick of this presidential election yet?  I am bone weary it.  It’s so ugly!  Of course, in Manhattan, Trump means a lot more than the TV show and his recent circus act, or at least he used to represent other things. …

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 …

How Brexit Will Impact the NYC Housing Market

Heading for the exits already?  As I write this, the stock market is in a bit of freefall.  We’re on the other side of a surprising result in the UK (not sure how United it will remain, however), which seems, in my view, …

June Eye Candy – New Development Round-Up

I give a lot of credit to real estate developers.  They take on big risks and reap large rewards when enough things go right. 100 Barrow in the West Village In some cases, buildings are designed with the thinking that they will …

Why Coops Are A Bargain

Jonathan Miller, one of my favorite NYC real estate thinkers (and appraisers) put together a piece showing the end of a “tight market” in NYC with an increase of resale apartments, both condominiums and cooperative units.  Given that inventory has come up …