The Upper West Side Townhouse market consists of many different types of houses. The most well-known are single-family houses that are either brownstone or limestone, which are often located on charming tree-lined blocks. There are a few blocks with mansion-style townhomes often located on the Avenues and on a few Central Park West blocks. And last, there are multi-family homes, which were originally single-family homes but were divided during the Great Depression and onward as landlords could not rent entire homes during those times. This newsletter covers the Upper West Side Townhouse market ..read more

We’re thrilled to share the exciting news of the Deanna Kory Team’s outstanding NYC real estate sales achievements last year. The prestigious Real Deal magazine has ranked us as the #2 co-op sales and the #5 resale condo sales for 2022. This recognition is an honor and we hope speaks to our team’s unwavering dedication and expertise in NYC’s demanding real estate market. Conquering Co-op Sales: Our success in co-op sales is undeniable. The Real Deal rankings reveal that we sealed an impressive 54 co-op deals, totaling a staggering $193,775,533. Our ability to navigate the intricacies of co-op ..read more

Every spring, we analyze the Central Park West real estate market. Similar to the broader Manhattan market, the Central Park West real estate market experienced strong sales volume in the first half of last year, followed by a slowdown in the second half. However, since the beginning of 2023, the number of large apartment sales have been increasing, with nearly one contract signed over $4M per week since January 1st! We provide a comprehensive analysis of active listings, as well as recent contracts and closings on this beloved boulevard. We also provide our experienced advice for both buyers ..read more

Excerpts from a recent BrickUnderground.com article entitled: How do high carrying costs lower the sales prices of a co-op or condo? Is there a formula to figure this out?: “In addition to the sales price of a co-op or condo, an important consideration when you buy in New York City is an apartment’s carrying costs—the monthly payments you’ll make towards building operations. In a co-op, these monthly payments are called maintenance, and in a condo, they are common charges. If you have a mortgage, you will have additional financial commitments. So when you consider apartments in buildings with ..read more

The Riverside Drive – West End Avenue neighborhood above 70th Street is a special and quiet residential Upper West Side area, unique in its beauty and desirability within a block of Riverside Park yet close to all conveniences and transportation. The real estate market here is also unique and therefore merits its own analysis which we provide in this newsletter. In this annual overview of the Riverside Drive-West End Avenue real estate market you will find an analysis of the Manhattan market in general, including a review of what has transpired over the last year, a current snapshot and what w ..read more

The 2022 Manhattan real estate market was truly a tale of two markets: an unprecedented year of highs and lows, and one of the most eventful years in residential real estate in recent memory. In our annual spring newsletter, Deanna discusses the ups and downs of last year’s market and what it might be able to tell us about the months ahead. The spring season is upon us, commencing just after President’s Day and lasting until June. Historically, the spring market is the most active season of the year. While there are certainly some uncertainties, there are also many opportunities to be had. Dea ..read more

Continued Record Sales Volume The Manhattan residential real estate market has proven its resiliency with record sales in many areas of the market. With over 1,350 contracts signed last month, last October was Manhattan’s strongest on record, beating out the two strongest sales years, 2013 and 2007, by 4% and 19% respectively. Thanks to October’s strong performance, the Manhattan market is on track to achieve its strongest year ever based on the number of contracts signed. Areas of strength in the market A few segments of the market are responsible for the huge growth in sales: This past Octo ..read more

Manhattan residential real estate is usually highly seasonal – the summer is typically the slowest season of the year. As the temperatures cool, the market heats up ushering in an active fall and winter. Last year’s challenges upended any expectation of seasonality, and the Third Quarter numbers reflect that the summer was anything but slow this year. Buyer demand in Manhattan skyrocketed during the Third Quarter, making it the market’s best summer since 2007. Sales volume from July through September totaled over $9.5B, which was Manhattan’s highest quarterly total ever! As sales surged, suppl ..read more

Last year was an unprecedented year in nearly every aspect. New York City endured extraordinary challenges. Leading up to the pandemic, the Manhattan residential real estate market had been showing signs of weakness since 2018. Signs of a stabilizing market appeared in the First Quarter of 2020 but the optimism was short-lived. When the city shutdown occurred in March, the stock market dropped sharply, nonessential businesses closed, New York City became an epicenter of the virus, and real estate sales activity dropped precipitously. Many left the city for several months, if not for good, and ..read more

All the Stars are Aligned……Why Now is a Great Time to Buy in NYC The real estate market in Manhattan over the past few years has been more favorable to buyers especially during the past pandemic year. Since January however, there has been a steady stream of good news proving New York City’s resiliency and causing many to feel that sales prices will begin to rise and could shift the leverage back to sellers. The just-released Second Quarter numbers further strengthened the overall positive reports. Manhattan had the best spring season for closed sales in six years and the strongest second quart ..read more