NYC Multifamily Sales Volume Down 62% in Q1 as Slumping Rents & High Vacancy Rates Exacerbate Prior Slowdown
For the NYC multifamily sector, the downturn brought on by the pandemic was just another hit to an already cooled-down market.
5 Key Medium-Term Factors Shaping Commercial Real Estate in NYC
We Lend CEO Ruben Izgelov examines the most essential factors shaping NYC commercial real estate in 2021 and beyond.
NYC Residential Market in Review: A Year into Pandemic, Sales Are Down 28% but Steadily Returning Since October
After a promising month of sales in July, transactions decreased in August along with the median sale price.
The New Market Tax Credit Program – History & 2021 Revival
The latest relief bill includes several provisions to revitalize the real estate industry, among them tax incentive programs like the NMTC.
What The “Consolidated Appropriations Act – 2021” (CAA) Has In Store For Landlords & Tenants
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real…
Pandemic Causes Sales to Plunge 85% in Hudson Yards, NYC’s Priciest Neighborhood & Prices to Dip 8% in Manhattan
In 2020, Hudson Yards was NYC’s most expensive neighborhood with a $4.5 million median. TriBeCa was next with $3.2 million median sale price – a 3% decrease Y-o-Y.
A Look Back at 2020: Major Real Estate Law Updates in NYC
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real…
On the Cutting Edge of Manhattan’s Luxury Properties: An Interview with Shlomi Reuveni
Shlomi Reuveni of Reuveni Real Estate describes the current state of Manhattan’s luxury residential market and how it has adapted to the pandemic as well as up and coming areas.
Most Expensive U.S. Zip Codes in 2020: Medians on the Rise in Country’s 100 Priciest Zips
Atherton remains priciest zip code at $7 million, followed by Sagaponack, Malibu & Beverly Hills, as California again dominates top 100 ranking.
Centric Brands Signs 212K SF Lease in Empire State Building
Centric Brands signed a lease for 212,000 square feet of office space in the Empire State Building directly from the property’s owner, the Empire State Realty Trust.
Examining the New York Residential Investment Market Post-Lockdown
When it comes to the New York residential investment market in the new normal, it becomes a tale of two areas: NYC and suburbia.
New York State Passes Housing Discrimination Bill, Giving Authority to Revoke Brokers’ Licenses
August saw the passage of a new housing discrimination bill giving the New York State Department the power to revoke brokers’ licenses.
The NYC Neighborhood Report: 44 Neighborhoods Closed Fewer Than 5 Sales Under Q2 Pandemic Pressure
Hudson Yards is among 44 NYC neighborhoods that closed fewer than 5 sales as sales activity fell 42% across the four boroughs during a tumultous Q2.
Q1 2020 New York City Neighborhood Real Estate Report
Key Takeaways: First quarter sales activity went up by 5% compared to last year. Hudson…
Tik Tok Inks Lease for 232K SF at Durst’s One Five One
Social media giant Tik Tok recently signed a 10-year lease for 232,000 square feet of…
Uncertain Times Call for Reliable Data
Vince Soriero, business development manager and corporate sales lead, shares his insight on leveraging PropertyShark’s real estate data in volatile markets.
Real Estate Professionals Under Lockdown: Impact & Future Opportunities in NYC
We reached out to NYC-based professionals to see how they’re experiencing the situation on the ground, how they’re adapting and planning for the future, and where they see opportunities emerging.
Buying a Home in NYC During Lockdown: Virtual Closings & Escrow Closings
Real estate and legal industry professionals have begun utilizing more virtual closings and escrow closings.But how do they work and are they here to stay?
Real Estate’s Recovery in New York City
The 21st century is only 20% complete and we’ve already seen multiple unprecedented events — 9/11,…
8 Online NYC Real Estate Conferences to Attend
Many events have been cancelled to prevent the spread of COVID-19, and real estate has…