As 2024 unfolds, New York City’s real estate market has already made headlines with some staggering sales. The year has seen a remarkable concentration of ultra-luxurious properties changing hands, with two buildings alone accounting for half of the top sales. Here’s a closer look at the priciest transactions that have set the tone for the year. Key Takeaways The top sale was a penthouse at 730...
New York City is witnessing a significant rebound in apartment values, with projections indicating a 7.3% increase for co-ops, condos, and rental buildings. This surge is attributed to a persistent housing shortage and rising rents, as the city’s real estate market continues to recover from the impacts of the COVID-19 pandemic. Key Takeaways Apartment values in NYC are expected to rise by 7.3%...
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