Blog

I lived in Cambridge, Massachusetts from 1996-2002. The composition of the people of Cambridge is not terribly different than Manhattan. And in 1995, Rent Control was ended in the state of Massachusetts. This is a state that still has Blue Laws because in concept, people can’t police themselves on Sunday mornings from drinking alcohol. ButRead more

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

While the Second Avenue Subway seems to get most of the media’s attention, the extension of the 7 train, and the Hudson Yards is the largest development project in the history of New York. Stuyvesant Town and Peter Cooper Village created 11,000 units of housing- there will be over 20,000 units of housing created, 25Read more

The Real Deal reported the following, which was bounced around internally. Very much worth sharing with you: In May 2012 the number of Brown Harris Stevens exclusive Manhattan listings increased 7% compared with May 2011. This speaks to the continued great strength of our brand. In May 2012 the total dollar volume of Brown HarrisRead more

Over the last year or so, the top end of the market has outperformed the rest of the lower segments. This seems to be continuing to a degree, but the rest of the market is catching up, performing admirably as well. If Marie Antoinette said “Let Them Eat Cake”- and we take that attitude asRead more

My month was spent looking at New Developments both in New York and Israel. More specifically, Tel Aviv in Israel and on the West Side in Chelsea and Clinton. I know that I’m a New York City broker, but my week in Tel Aviv was eye opening, in terms of views these towers offer, theRead more

From an Email from the Real Estate Board of New York: Private sector employment in New York City rose by 65,200, or 2.0 percent, to 3,251,200 for the 12-month period ending February 2012. Job growth occurred in professional and business services (+30,300), leisure and hospitality (+15,300), trade, transportation and utilities (+11,900), financial activities (+8,000). JobRead more