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2015: Construction, Consumption, & Choice for Manhattan

Happy New Year! In this edition, we bring you a brief recap of Manhattan’s luxury real estate market in 2014 as well as our predictions for the coming year. 2014: A Year in Review Manhattan’s luxury real estate market in 2014 was characterized by elevating prices and a ris
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The Perfect Storm

The Manhattan listing inventory can be very volatile when certain segments of the market deviate from overall market trends. The chart from Miller Samuel helps provide some context. The sale of studio and one bedroom apartments in 2010 helped wake the luxury market and spur the Year o
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Newest Downtown Condo Begins Sales-Alchemy Properties’ 35 XV

One of the most striking new condominiums to appear in years has started its sales of units pre-construction. The all-glass condo tower, 35XV by Alchemy, will transform the Ladies’ Mile neighborhood. Rising nearly 300 feet high, the building will offer 55 residences ranging from
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Manhattan Apartments Are a Buyers’ Market

Buying an apartment in Manhattan hasn’t looked this good since 2006! Bloomberg News reported that in the first quarter of 2012, the average cost of purchasing an apartment was 20.8 times more expensive than the annual cost of renting, which is the smallest spread since the end of 2006
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