Record-breaking NYC townhouse sale goes to mystery buyer

A mystery couple has bought Greenwich Village’s most expensive townhouse for $72.5 million, surpassing the previous record by $14.3 million. The 12,000-square-foot property was sold off-market, with the buyers planning to use it as a pied-à-terre. Continue reading

Inman debuts inaugural class of New York Power Brokers

With this new honor, Inman celebrates the individuals who are making it happen in the Big Apple, one of the country’s most competitive real estate markets. Continue reading

Pocket listings are thriving 4 years after NAR sought to end practice

Pocket listings are positively overflowing nearly four years after the National Association of Realtors enacted its controversial Clear Cooperation policy to end them, a new Intel analysis shows. Continue reading

2023 may sink some agents — and that may not be a bad thing

Economic downturns have historically shrunk the number of practicing Realtors. But those who stick around can end up doing even more deals, economists told Inman Intel. Continue reading

Estate of Microsoft co-founder Paul Allen sells 2 apartments for $101M

The deal on the Upper East Side units at 4 East 66th Street, which were never publicly listed, included a penthouse and a second apartment on a lower floor, according to records. Continue reading

Los Angeles, Manhattan sweep biggest city deals of 2022 (so far)

From Beverly Hills to Billionaire’s Row, home sales in L.A. and NYC towered above normally hot Miami and San Francisco, according to an analysis of the top 10 city deals since October 2021. Continue reading

Manhattan median rent hits new $4K high, according to report

Someone applying for a typical Manhattan apartment would need to make a salary of $157,000 per year in order to afford the rent. Continue reading

Encryption, inequality and ‘Zero DOM’: 6 pocket listing takeaways

Inman took a deep dive into pocket listings, which continue to polarize the real estate industry long after many thought the practice would disappear. Continue reading

New Upper East Side condo goes under contract for $66.5M

The deal will combine the two uppermost units of the Bellemont condominium located at 1165 Madison Avenue. In total, the condo will have four full floors occupying about 13,000 square feet, as well as 2,300 square feet of outdoor space. Continue reading

Pocket listings are still around, but the off-market landscape is evolving

Two years after the National Association of Realtors approved the Clear Cooperation Policy, pocket listings haven’t disappeared. But they remain hotly debated, and demand for off-market housing is as strong as ever. Continue reading