Real estate investing can be a great way to build wealth and generate passive income. New York City, with its bustling real estate market, is an ideal location for investors. However, investing in New York City can be challenging due to the high prices and fierce competition. In this blog, we will discuss some of the top real estate investing strategies in NYC. Buy and Hold The buy and hold strategy involves buying a property and holding onto it for an extended period, usually with the goal of generating rental income. This strategy is particularly effective in New York City, where rental pric ..read more

Navigating the New York City real estate market can be a challenging and complex experience, especially for first-time buyers or those unfamiliar with the process. While some people choose to buy or sell a property without the help of a real estate agent, there are many benefits to hiring a professional to guide you through the process. In this blog, we’ll explore the advantages of working with a real estate agent in NYC. Market knowledge and expertise One of the most significant benefits of working with a real estate agent in NYC is their knowledge and expertise of the local market. Real esta ..read more

The New York City real estate market is notoriously competitive and complex. It can be a challenging and overwhelming experience for anyone, whether they are first-time buyers or experienced investors. Navigating the market requires careful consideration and attention to detail, as there are several common pitfalls that you should be aware of to avoid costly mistakes. In this blog, we’ll discuss some of the most common pitfalls to avoid when navigating the NYC real estate market. Pitfall #1:  Failing to research the neighborhood One of the most significant mistakes a buyer can make when p ..read more

SPiRALNY market reports offer accurate insight into sales closed transactions. SPiRALNY produces a quarterly, comprehensive analysis of the Manhattan Real Estate residential market. Market-wide closings are down 38% YOY, returning to a pace seen during the first quarters of historically slower years from 2018 through 2020, but we saw a notable uptick in activity starting in mid-February. This time last year, sales reached a fourteen-year first-quarter record high, exaggerating the YOY decline we’re seeing. 1Q 2023 registered 2,500 sales and while the overall number of contracts signed was al ..read more

Buying a co-op in New York City can be a complex and challenging process. Co-ops are a unique form of ownership in which buyers purchase shares in a corporation that owns the building, rather than owning their individual units outright. As a result, co-op purchases are subject to a range of restrictions and requirements that buyers should be aware of before making a purchase. In this article, we’ll explore some of the key factors that you should consider when buying a co-op in NYC. Financial Requirements One of the biggest challenges of buying a co-op in NYC is the financial requirements. Mo ..read more

Millennials are the largest demographic group in the United States, and they’re increasingly becoming a major force in the real estate market. As more and more millennials move to New York City, they’re looking for affordable, convenient, and livable housing options. In this article, we’ll explore some of the key factors that millennials should consider when looking for real estate in NYC.  Location Location is one of the most important factors to consider when looking for real estate in NYC, especially for millennials. Many millennials prefer to live in neighborhoods that are close to th ..read more