Blog

I think Heraclitus wrote: “The only constant is change.” Much better than I would put it, and apropos of what’s shifting in the NYC housing market. As I experience and watch the housing market in Manhattan and Brooklyn, travel from neighborhood to neighborhood, I realize the challenge that even I face to be able toRead more

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 in the range of $1300, $1400, $1600 per square foot for run-of-the-mill renovatedRead more

As I’m writing this, we remain in the middle of a full-fledged seller’s market, not to mention a lovely summer – barring the last couple of muggy days. Just as geographically regional clothing style (or regionality in general) seems to be fading, as information transmits more quickly than ever, so, too, am I reading articlesRead more

Einstein defined insanity as “doing the same thing over and over and expecting different results.” Like weeds in a field- a Very, very expensive field How similar is this building boom to that of 2004-2008? Are we doomed to repeat the mistakes, and insanity, of that time? There are many, many little things that remindRead more

We have been waiting to see our end of 2013 data, as compiled by BHS’s chief economist, Greg Heym, before sending our first newsletter of the year. Sorry for the delay! And Happy New Year! This data includes/offers the latest Absorption Report. On the heels of the State of the Union, the state of theRead more

Many prices have rebounded or have well exceeded their 2008 highs. And without the crystal ball with so much action in the marketplace, it may make more sense to take a break from this crazy market and look back over the last ten years. Our chief economist has processed over 145,000 sales to zoom outRead more

The last time I was thinking about 200 East 79th street before 2 months ago, it was preparing for construction- the part of the work that seems endless, producing nothing, as the crews create the foundation- I was across the street at 201 East 79th, an established cooperative building- Many owners there were more thanRead more

Our team has been busy this month viewing new development with buyers. There are two projects in particular which have garnered some attention. Both benefit from an utter lack of inventory- which I’ll cover in my broader discussion. We’ll chat about 141 East 88th street (Part I) and 200 East 79th Street (Part II). TheRead more

Thank you for stopping by! I visited a few new developments this past month, excited to see what new inventory is to offer discerning buyers interested in owning in Manhattan. Certainly it’s timely to discuss both what is showing now, and what is on the horizon. Specifically, I’m interested in whether buyers are paying moreRead more