Naftali’s 200 East 83rd Street tops Thursday’s 10 priciest resi sales

In a near tie, two sponsor units at Naftali Group and Rockefeller Group’s 200 East 83rd Street led New York City’s 10 most expensive residential sales recorded Thursday, Jan. 19. The two units, 12A and 11A, were handled by listing brokers Alexa Lambert, Alison Black and Shelton Smith of Compass and sold for $3.6 million and $3.57 million, respectively. It’s not clear whether the two purchases are related; both buyers used LLC’s. Compass had quite

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Brooklyn leads NYC in demolition permits — by a wide margin

When it comes to demolitions in New York City, Brooklyn’s pile of rubble leaves the other four boroughs in the dust. Data from the New York City Department of Buildings show that Brooklyn far outpaces the rest of the city in both the number of permits issued for demolitions and the number of building stories to be demolished in each of the last two years. An analysis by The Real Deal shows that more than

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Home affordability breakdown: What does Midland have on Malibu?

In West Texas, the typical home costs only three times as much as the typical income. But in some California markets, that ratio triples. These and other fascinating facts emerged when The Real Deal analyzed Zillow and Census data for 300-plus U.S. metropolitan areas to see how income and home prices compare. As one might expect, the higher the per capita income in an area, the higher the median home price. But relative to income,

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Here’s a look at the largest office projects coming to Manhattan

The following is one of the hundreds of data sets available on TRD Pro — the one-stop real estate terminal for all the data and market information you need. If remote work was supposed to be the death of the Manhattan office tower, some of the city’s top developers didn’t get the memo. For The Real Deal’s December issue, Kathryn Brenzel looked at some of the biggest offices in the pipeline from RXR Realty, Related

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What happened to NYC’s condo glut? Here’s a look inside the numbers

The following is one of the hundreds of data sets available on TRD Pro — the one-stop real estate terminal for all the data and market information you need. Snap quiz: Over the past 12 years in Manhattan, which has been more available, condos or co-ops? Sorry, trick question. The answer has changed repeatedly as developers tried — sometimes in vain — to match their products to market demand. Generally, buyers have gravitated away from

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TRD Pro: Condo vs. co-op sale price gap widens

​​The following is one of the hundreds of data sets available on TRD Pro — the one-stop real estate terminal for all the data and market information you need. In Manhattan, condo units have been getting progressively more expensive than co-ops since the mid 1990s. In the third quarter of 2022, the median price of a Manhattan condo apartment was $1.63 million. Co-op units, on the other hand, were around half the price at $851,000.

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TRD Pro: Twists and turns of Manhattan’s vacancy rate

The following is one of the hundreds of data sets available on TRD Pro — the one-stop real estate terminal for all the data and market information you need. Manhattan’s rental vacancy rate has historically reflected the pulse of its residents, never more so than in the past couple of years. When Covid lockdowns went into effect across New York City in March of 2020, a rise in vacancy followed. The city saw a major

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TRD Pro: Putting Manhattan rents’ wild ride in perspective

The following is one of the hundreds of data sets available on TRD Pro — the one-stop real estate terminal that provides all the data and market information you need. Rents have risen in New York City. Also, the sky is blue and water is wet. But a historical comparison of Manhattan rents reveals just how drastic the increase has been over the past 24 months — and how modest it has been over 12

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TRD Pro: Is homebuilding really down?

The following is one of the hundreds of data sets available on TRD Pro — the one-stop real estate terminal for all the data and market information you need. Given inflation, rising interest rates, economic uncertainty and flatlining home prices, one would expect that housing construction would be at an all-time low. Not even close. Though new housing starts in the U.S. have dipped over the past six months, the number is within the historical

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TRD Pro: 7% mortgage rates are not so bad

The following is an example of one of the hundreds of data sets that will be available on TRD Pro — the one-stop real estate terminal that provides all the data and market information you need. There’s no debate: Mortgage rates have been on a wild ride this year, with borrowing costs climbing to heights not seen in two decades. But did you know that the average rate for a 30-year fixed-rate mortgage pales in

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