REBNY Report: NYC Home Sales Volume and Value Dip in 1Q18

The New York City residential sales market recorded a 16 percent decrease in citywide consideration (monetary value for completed transactions) totaling $10.3 billion in the first quarter of 2018, compared to $12.3 billion in the first quarter of 2017, according to the Real Estate Board of New York’s (REBNY) Residential Sales Report. Continue Reading →

Slowing Global Economy, Retailer Caution Result in Rising Real Estate Availability

east-harlem sliderFollowing the headline, record rent prices and robust growth from Harlem to Hollis that dominated the retail market in 2015, the impact of 2016’s slowing global economy, year to date, triggered a natural adjustment in the Manhattan retail real estate market in Spring 2016. Continue Reading →