These “dinosaurs” of New York City’s luxury residential market are on the cusp of modernizing, agents told Inman. Savvy buyers who get in now can still invest while prices are undervalued. Continue reading
Rogers, a 17-year industry veteran, has left Compass after about five years. In 2012, Rogers co-represented the buyer of one of New York City’s priciest-ever co-op purchases, a $50 million Fifth Avenue unit. Continue reading
Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors. Continue reading
Quarterly market reports released this week from several area brokerages revealed a luxury market in high demand, with climbing prices and little inventory. Continue reading
The biggest challenge in a recent Manhattan sale that Chiaramonte brokered was not the high price point, but rather finding a buyer willing to renovate a co-op. Continue reading
Luxury apartment sales surged approximately 226 percent year over year and almost 33 percent from the previous quarter, according to Douglas Elliman. Continue reading
New York State Senator Brian Kavanagh is sponsoring a bill that would require co-op boards to reveal why they turned down a potential buyer. Continue reading