Author: Serj Markarian
-
What Today’s Rental Market Is Really Telling Us About Manhattan
What Record Rents Tell Us About Housing Demand in Manhattan NYC rents reached a new record high last month. While this may have been an alarming headline just a few years ago, it has become an all-too-familiar story. For many New Yorkers, rising rents continue to present a growing affordability challenge. But beyond the monthly…
-
The Moments That Turn a House Into a Home
What Makes Someone Fall in Love With a Home? As we prepare to celebrate the 4th of July with family, friends, and neighbors, many of us will spend the holiday in a place we often take for granted—our home. Whether it’s gathering around the table for a barbecue, watching fireworks from a rooftop or terrace, or…
-
How Younger Affluent Buyers May Be Reshaping the Luxury Market
What Today’s Affluent Buyers Appear to Value Last month, I shared how affluent buyer preferences continue to influence New York City’s luxury market, particularly around privacy, discretion, and lower-profile living environments. Interestingly, some recent industry observations suggest another trend may be emerging—a shift in who today’s luxury buyers are and what they increasingly appear to…
-
The Role of AI in NYC Real Estate: Where It Helps and Where It Falls Short
What a $50 Million Penthouse Deal Revealed About AI Artificial intelligence has quickly become part of the real estate process. Buyers use it to research neighborhoods, compare properties, estimate values, and better understand financing options. Sellers use it to gather pricing insights, analyze market trends, and prepare their homes for sale. Used properly, AI can…
-
The Pied-à-Terre Tax Is Coming: What NYC Owners Should Know
Now That the Pied-à-Terre Tax Has Passed, What Comes Next? Earlier this year, we discussed the proposed pied-à-terre tax and what it could mean for New York City real estate. With the legislation now approved and scheduled to take effect on July 1, 2026, the conversation is shifting from speculation to implementation. While the tax has…
-
Why Affluent Buyer Preferences Continue to Influence NYC’s Luxury Market
Luxury Buyers Are Still Active in Manhattan, But Their Priorities May Be Changing Recent headlines surrounding the proposed pied-à-terre tax and the political rhetoric around it have raised questions about whether wealthy buyers might begin pulling back from New York City real estate. But recent luxury market activity appears to suggest otherwise. High-end sales…
-
Common Negotiation Mistakes Buyers Make in NYC Real Estate
Why Negotiation Strategy Still Matters in Today’s NYC Market In New York City real estate, negotiation is often associated with price, but in practice, successful negotiations involve far more than simply offering more or less money. Terms, timing, preparation, and market awareness can all play a significant role in how a deal ultimately comes together.…
-
Why Manhattan Luxury Sales Are Rising Even as Prices Ease
Luxury Sales Are Rising, So Why Are Prices Easing? Manhattan’s ultra-luxury market has been sending an interesting signal: transaction activity is rising sharply, even as pricing at the top end has softened. Transactions above $10 million reportedly rose 43% year-over-year, even as median pricing in the segment declined. At first glance, those trends may seem…
-
What the Proposed Pied-à-Terre Tax Could Mean for NYC Real Estate
A Proposed Pied-à-Terre Tax: What Could It Mean for NYC Real Estate? A newly proposed pied-à-terre tax is once again raising questions about how public policy can shape New York City real estate, particularly at the luxury end of the market. The proposal would impose an additional tax on certain non-primary residences above a high value…
-
What Q1 2026 Tells Us About the Manhattan Real Estate Market
The first quarter of 2026 offered a clearer picture of where the Manhattan market is heading, and in many ways, the results were stronger than expected. According to the recently released Q1 2026 Manhattan Apartment Market Report, both average and median apartment prices moved higher compared to a year ago, with several segments of the market…