Category: News + Insight
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Gen Z Can’t Afford Rent
It’s no secret that Gen Z can’t afford to buy homes in New York City the way previous generations could, but it’s becoming increasingly clear that renting isn’t much more attainable either. A recent report from Realtor.com reveals just how stark the divide has become: The housing market has become like a traffic jam, not…
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How to Stop Overthinking and Buy Your First Investment Property
Most people who want to invest in real estate never buy a single property. Not because the opportunity is not there. Because they talk themselves out of it before they ever get started. In Episode 406 of The Build Up podcast, we sat down with Henry Washington, co-host of the BiggerPockets podcast and author who…
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Bess to Bloomberg: The Pied A Terre Tax is a Tax on All of New York City
On Monday, May 11th, Brown Harris Stevens CEO Bess Freedman stopped by “The Close” on Bloomberg Television to discuss the hotly debated Pied A Terre Tax. If passed, second homes of $5 million and up face an annual tax on top of the taxes they already pay and continue to pay. As Bess points out,…
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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.…
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The Line: Employment Rose by 115,000 Last Month
Today, we have the April jobs report courtesy of my old employer, the BLS. Employment Rose by 115,000 Last Month Another month, another blow away jobs number. Here are the details: After ping ponging since last May, the US has had back-to-back strong months of job growth. In other good labor market news, initial claims for unemployment recently fell…
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Why Some Manhattan Apartments Sit While Others Sell Quickly (Even in the Same Building)
In Manhattan real estate, it’s common to see two apartments in the same building perform very differently. One sells quickly, while another, sometimes with similar square footage and finishes, remains on the market. At first glance, this can be confusing. But when you look closer, the differences become clear. Same Line, Similar Square Footage –…
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Young New Development Group Leads Sales at 175 East 82nd Street as New Rendering Is Revealed
A new rendering has been unveiled for 175 East 82nd Street, a 39-story condominium tower rising in the Yorkville section of Manhattan’s Upper East Side—offering a fresh look at what is set to become one of the neighborhood’s most prominent new residential developments. Designed by CetraRuddy Architecture and developed by Douglaston Development, the 478-foot tower…
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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…
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The Line: Economic Growth Picked up in 1Q26
Today, we have the latest on GDP and PCE from the BEA. If you know what all those letters mean you’re either an economist or read this column every week. Welcome to the three-letter edition of The Line. Economic Growth Picked up in 1Q26 Gross domestic product, which is the value of all the goods and services produced in the US, rose…
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Pet Peeves: The Wild, Wonderful & Occasionally Wacky World of NYC Pet Policies
The idea for this piece began with a recent sale I had on the Upper East Side. While the buyer’s dog was not classified as an “aggressive” breed, he exceeded the building’s weight limit. Does the board do a weigh-in? Would a pet owner ever consider not moving because of pet policy restrictions? In New…