Real Estate Trends

Andy Cohen’s colorful West Village penthouse finds a buyer

Photos courtesy of Eytan Stern Weber, Evan Joseph Images

June 3, 2025

Andy Cohen’s colorful West Village penthouse finds a buyer

Andy Cohen’s vibrant West Village penthouse found a buyer, and it's an Emmy Award-winning playwright. As first reported by the New York Post, actor and writer Danny Strong, known for his writing on "Empire" and "Dopesick" and roles in "Buffy the Vampire Slayer" and "Mad Men," bought the apartment at 2 Horatio Street with his partner Caitlin Mehner. The home, which is a combination of four units, first hit the market in September for $14 million and was relisted for $12 million earlier this year. The final sales price has not been made public yet.
discover more

June 3, 2025

Brooklyn Heights’ iconic Hotel Bossert sells for $100M, to become apartments

By Aaron Ginsburg

A historic Brooklyn Heights hotel once dubbed the "Waldorf-Astoria of Brooklyn" has sold for $100 million, with plans to convert the storied property into residences. The iconic Hotel Bossert, located at 98 Montague Street, was acquired by real estate investment and development firm SomeraRoad, according to city records registered Wednesday and first reported by Crain's. In a statement to the Brooklyn Daily Eagle, the firm said it "plans to honor the property’s rich history and to restore and reopen the building as residences."
learn more

Real Estate Trends

The bank of mom and dad: How parental co-buying is affecting NYC real estate

Photo © Jose Luis Stephens / Adobe Stock

May 28, 2025

The bank of mom and dad: How parental co-buying is affecting NYC real estate

By Dana Schulz

It’s not uncommon for today’s younger generations to rely more heavily on their parents for financial support than in the past. Perhaps they move back home after college to save, or they need a guarantor to rent their first apartment. Some are even fortunate enough to get help with the down payment on their first home through parental co-buying, a trend that realtors are seeing in New York City more and more.
get the details

Silverstein unveils new wavy design for 785-foot-tall casino complex across from Javits Center

Renderings courtesy of Silverstein Properties / Binyan Studios

May 28, 2025

Silverstein unveils new wavy design for 785-foot-tall casino complex across from Javits Center

By Aaron Ginsburg

Silverstein Properties this week unveiled a new design for its casino project proposed for an empty lot across from the Javits Center. The Avenir would rise 785 feet at 41st Street and 11th Avenue and include a 1,000-room luxury hotel, restaurants, a food hall, and a gaming facility, if the developer secures one of the three downstate casino licenses expected to be awarded this year. Designed by CetraRuddy Architecture and Steelman Partners, the project includes a podium with a facade of "gentle harmonious waves" topped by a sculpted 45-story tower. The design revises the original proposal, which called for two 46-story towers, following community feedback.
Discover more

The Chrysler Building is now on the market

Credit: Mitch Hodiono on Unsplash

May 21, 2025

The Chrysler Building is now on the market

By Aaron Ginsburg

The Chrysler Building is officially up for sale after a drawn-out legal battle between RFR Holding and Cooper Union. As first reported by The Promote, the leasehold for the iconic Art Deco skyscraper is on the market for the first time since 2019, after a judge terminated RFR’s lease in January and evicted the firm for falling more than $21 million behind on rent owed to Cooper Union, which owns the land beneath the tower. Cooper Union has since tapped real estate firm Savills to find a new operator to take over the lease.
find out more

Real Estate Trends

NYC’s earliest concrete building in Gowanus back on market for $3M

Photos by Vanessa DeGarcia, courtesy of The Corcoran Group

May 15, 2025

NYC’s earliest concrete building in Gowanus back on market for $3M

By Aaron Ginsburg

The Coignet Stone Building, the earliest known concrete building in New York City, is back on the market for $2,995,000. Located at 360 3rd Avenue in Gowanus, the landmarked structure was built in 1873 as both a showroom and a physical advertisement for Francois Coignet's concrete construction company, marking the first documented use of concrete for a building in the city. Whole Foods purchased the property in 2005 and completed a $1.3 million restoration in 2016 before listing it for $6 million. The building returned to the market in 2019 as a proposed residential townhouse, asking $6.5 million.
learn more

May 7, 2025

Largest building in Gowanus moves ahead after $174.5M in financing

By Aaron Ginsburg

Plans for the largest building in Gowanus are moving forward after developers secured $174.5 million in financing. Last week, Charney Companies and Tavros obtained funding for 175 Third Street, a roughly one-million-square-foot project that will add 1,000 new apartments to the neighborhood as part of their larger Gowanus Wharf development. Once complete, the building will make Charney and Tavros the largest property owners in the area, with over two million square feet and 2,200 residences across Gowanus.
Learn more

Real Estate Trends

Rosie O’Donnell sells Midtown East penthouse for $4.75M

Photos represent a previous listing. Courtesy of Brown Harris Stevens

May 6, 2025

Rosie O’Donnell sells Midtown East penthouse for $4.75M

By Devin Gannon

Rosie O'Donnell has found a buyer for her Manhattan penthouse, two years after first listing it and a few months after moving to Ireland. The comedian first put her home at 255 East 49th Street on the market for $8,300,000 in 2023; it entered contract for $4,750,000 earlier this spring.
get the details

432 Park owners sue again over alleged facade crack cover-up

Photo by Sebastiandoe5 via WikiCommons

April 30, 2025

432 Park owners sue again over alleged facade crack cover-up

By Aaron Ginsburg

Owners at the supertall condo 432 Park Avenue are suing the building's developers again. The Midtown East tower's condo board on Friday filed a lawsuit against developers Harry Macklowe and CIM Group, alleging they knowingly concealed widespread cracking in the building's concrete facade from buyers and inspectors as part of a "deliberate and far-reaching fraud," as first reported by Crain's. The board is seeking $165 million in damages, along with punitive damages and compensation for losses tied to declining property values caused by flooding and erosion from the cracks.
Learn more

Real Estate Trends

Frank Lloyd Wright’s corner apartment at the Plaza finds a buyer

Photo credit: The Charlie Attias Team / Compass

April 23, 2025

Frank Lloyd Wright’s corner apartment at the Plaza finds a buyer

By Devin Gannon

Frank Lloyd Wright's former apartment at the Plaza Hotel has found a buyer. Listed for $18,900,000 in February, the 4,000-square-foot home entered contract on Tuesday, as first spotted by the New York Post. The architect lived in the corner residence at 1 Central Park South from 1954 to 1959 while he was working on the Guggenheim Museum.
learn more

Real Estate Trends

Next phase of affordable Far Rockaway development breaks ground

By Aaron Ginsburg

Construction is set to begin on an affordable residential building within a new development in Far Rockaway. As first reported by Commercial Observer, Tishman Speyer's TS Communities announced it secured financing and will break ground this month on Edgemere Commons A2, a 100 percent affordable building at 337 Beach 52nd Street and the second all-affordable development within the larger Edgemere Commons complex. The building will rise 18 stories and deliver 244 affordable apartments ranging from studios to three bedrooms, for households earning between 40 and 80 percent of the area median income.
Learn more

March 31, 2025

Scarlett Johansson and Colin Jost buy $13M Park Ave penthouse

By Devin Gannon

Actress Scarlett Johansson and SNL staff writer Colin Jost are moving to a Park Avenue penthouse. As first reported by the Wall Street Journal, the A-list couple paid $13,000,000 for a 14-room triplex at 1220 Park Avenue, a Rosario Candela-designed co-op in Carnegie Hill. The magnificent residence measures 6,000 square feet across three levels and includes six bedrooms, five terraces, and eight balconies.
learn more

Vacant and overrun by feral cats, Trump’s childhood home in Queens sells at huge discount

All photos courtesy of Paramount Realty USA

March 28, 2025

Vacant and overrun by feral cats, Trump’s childhood home in Queens sells at huge discount

By Aaron Ginsburg

President Donald Trump's childhood home in Jamaica Estates has traded hands for significantly less than its previous sales price after falling into disrepair and becoming overrun by feral cats. As first reported by the New York Post, the Tudor-style residence at 85-15 Wareham Place sold for $835,000 on March 3—less than half of its 2017 sale price of $2.14 million, according to the deed.
Discover more

Real Estate Trends

March 18, 2025

350 Park Avenue supertall office tower officially enters public review

By Aaron Ginsburg

A proposed 1,600-foot-tall office tower set to reshape the New York City skyline officially entered public review this week. The Department of City Planning on Monday certified an application for 350 Park Avenue, a proposed 62-story building in Midtown East led by Vornado Realty Trust, Citadel, and Rudin Management, kicking off the seven-month uniform land use review procedure (ULURP). Designed by Foster + Partners, the project—the first new office building presented to the City Planning Commission in five years—calls for 1.8 million square feet of office space and a new public concourse, with Ken Griffin's Citadel and Citadel Securities as anchor tenants.
Discover more

$60M West Village condo is priciest ever sold in downtown Manhattan

Photo by Tdorante10 on Wikimedia

March 17, 2025

$60M West Village condo is priciest ever sold in downtown Manhattan

By Devin Gannon

An apartment in the West Village has sold for $60 million, becoming the most expensive condo ever sold in downtown Manhattan. The five-bedroom duplex at 150 Charles Street, a 15-story full-service building on the Hudson River designed by COOKFOX Architects, fetched about double what the prior owners paid.
details here

Real Estate Trends

Gracie Abrams buys Greenwich Village penthouse for $5.5M

Lead photo by BruceSchaff on WikiCommons. All other photos courtesy of Yale Wagner. Listing photos are virtually staged.

March 17, 2025

Gracie Abrams buys Greenwich Village penthouse for $5.5M

By Aaron Ginsburg

Pop star Gracie Abrams is the latest celebrity to call the star-studded 1 Fifth Avenue co-op home. The singer-songwriter paid $5,500,000 for a three-bedroom, three-bathroom penthouse at the Greenwich Village building, across from Washington Square Park. Abrams joins high-profile residents of the Art Deco tower, including The Rolling Stones' Keith Richards, actress Jessica Lange, and filmmaker Tim Burton, alongside his ex-wife, actress Helena Bonham Carter.
FIND OUT MORE

NYC’s population bounces back after pandemic exodus

Photo by Abhi Verma on Unsplash

March 14, 2025

NYC’s population bounces back after pandemic exodus

By Aaron Ginsburg

Five years after the pandemic triggered an exodus from New York City, new census data shows the city's population is growing again. According to census data released this week, the city's population grew by 87,184 to 8.48 million people between July 2023 and July 2024, up from 8.39 million the previous year. All five boroughs gained residents, with Manhattan leading the way with a 1.7 percent increase in population.
Find out more

NYC’s 10 best-selling residential buildings of 2024

Aman New York, courtesy of Aman New York; One High Line, courtesy of Evan Joseph; The Huron, courtesy of Redundant Pixel; The Cortland, courtesy of Related Companies

March 14, 2025

NYC’s 10 best-selling residential buildings of 2024

By Devin Gannon

A new report from CityRealty reveals New York City's best-selling residential buildings of 2024. Last year's total sales by dollar amount remained just under $22 billion, falling below the 10-year average of $26.9 billion, likely due to high interest rates and global uncertainties. But the luxury market remained strong, with the majority of best-selling buildings being all new developments, including One High Line and Aman New York Residences, which top the list. As CityRealty notes, the 30 top-selling buildings in Manhattan accounted for $4.4 billion in sales, 992 units sold, and 20 percent of the borough's total apartment sales by dollar volume.
see the list

NYC added 34,000 new homes in 2024: These neighborhoods built the most

Photo by Harry Gillen on Unsplash

March 12, 2025

NYC added 34,000 new homes in 2024: These neighborhoods built the most

By Devin Gannon

Nearly 34,000 new homes were completed in New York City in 2024, the most units in a single year since 1965. The increase in housing units, up over 6,000 units from last year, is driven by a surge of permits filed in 2022 before the 421-a tax incentive expired. The Department of City Planning this week released an update to its Housing Database with new tools highlighting housing production across the city. While the data reveals Brooklyn had the highest number of newly constructed units of all the boroughs, Long Island City in Queens led the city with 1,859 new building units in 2024.
READ MORE

Billionaires’ Row condo sells for $82.5M, NYC’s priciest deal of the year

Photo by Jakub Hałun on Wikimedia

March 11, 2025

Billionaires’ Row condo sells for $82.5M, NYC’s priciest deal of the year

By Devin Gannon

Media executive Byron Allen has sold his condo on Billionaires' Row for $82.5 million, marking New York City's priciest deal of the year so far. As first reported by the Wall Street Journal, Allen paid $75 million in 2023 for the five-bedroom pad at 220 Central Park South, a limestone-clad tower designed by Robert A.M. Stern that is considered one of the most expensive condo buildings in the country.
details here

Real Estate Trends

Rudy Giuliani relists Upper East Side penthouse with $1.4M price cut

45 East 66th Street. Photo by Epicgenius via Wikimedia Commons

March 5, 2025

Rudy Giuliani relists Upper East Side penthouse with $1.4M price cut

By Aaron Ginsburg

Rudy Giuliani has relisted his Upper East Side penthouse with a $1.4 million price cut after settling his legal battle with two Georgia election workers. In October, a judge ordered the former New York City mayor to turn over his possessions, including his apartment at 45 East 66th Street, as part of a $148 million defamation lawsuit he lost in 2023. Last month, a settlement was reached allowing Giuliani to keep his apartment and other belongings in exchange for an unspecified compensation for the two election workers. Now the disbarred lawyer and former Trump advisor is trying again to offload the three-bedroom home for $5.175 million; he first listed the property for $6.5 million in 2023.
get the scoop

A first look inside the full-floor boutique offices at 520 Fifth Avenue

Credit: Binyan Studios

February 26, 2025

A first look inside the full-floor boutique offices at 520 Fifth Avenue

By Aaron Ginsburg

New renderings offer a sneak peek at the 25 full floors of boutique office space at 520 Fifth Avenue, the tallest mixed-use tower on the iconic street. Situated on floors nine through 34 below the condo units, the offices, designed by AD100 designer Vicky Charles of Charles & Co., feature terraces and loggias, soaring ceiling heights, and 10-by-10-foot operable windows. Above the offices are 100 luxury condos, which launched sales last April.
Get a glimpse inside

Ken Griffin pays $45M for Julia Koch’s prestigious Park Avenue co-op

Photo by Deans Charbal via Wikimedia Commons

February 26, 2025

Ken Griffin pays $45M for Julia Koch’s prestigious Park Avenue co-op

By Aaron Ginsburg

Billionaire Ken Griffin has added another exclusive address to his real estate portfolio. The Citadel founder bought a palatial co-op at 740 Park Avenue, one of New York City's most prestigious cooperatives, from fellow billionaire Julia Koch for $45 million, according to the Wall Street Journal. The deal marks one of Manhattan's most expensive co-op sales on record, as CityRealty noted. Koch purchased the home with her late husband David Koch in 2004 for $17 million and originally listed the property in 2022 for $60 million.
Learn more

Real Estate Trends

Beaux-Arts office building in the Flatiron District to become 20 luxury condos

Renderings courtesy of VMI Studios

February 12, 2025

Beaux-Arts office building in the Flatiron District to become 20 luxury condos

By Aaron Ginsburg

A former 1920s publishing house in the Flatiron District will turn into 20 boutique condos, becoming New York City's latest office-to-residential conversion. Located at 114 East 25th Street, the 14-story Beaux-Arts building—now known as Armorie—has been reimagined by developer Adellco and design firm Andre Kikoski Architecture (AKA) to preserve its historic charm while transforming it into a collection of modern, high-end residences. The condo includes one- to four-bedroom lofts, topped by a luxurious penthouse with a private rooftop terrace.
Find out more

Fifth Ave’s highest condo fetches $11.5M

Photo Credit: Alden Studios

February 6, 2025

Fifth Ave’s highest condo fetches $11.5M

By Devin Gannon

The highest condo on Fifth Avenue has found a buyer. As first spotted by CityRealty, Penthouse 80 at 520 Fifth Avenue sits 880 feet in the air, surrounded by iconic views in every direction. The trophy residence first hit the market two months ago for $11,500,000; the deal will likely close by the end of the year when the building wraps up construction.
get the details

Real Estate Trends

Pitch a Story

Interested in seeing the property in person?

Interested in seeing the property in person?

Distinctive Post Form

Get in Touch

Send us a Tip

Interesting in learning more about purchasing a new home?

Thinking about selling your home?

Sell a Home (Footer)

Before You Move On from this Page.

Your Passport to NYC:Subscribe for Local Insights and Stories!

Before You Move On
from this Page.

Your Passport to NYC:
Subscribe for Local Insights and Stories!