Recent years have seen Manhattan rents first fall in 2020 before taking off in 2021. By the end of Q2 2023, average rents are at an all-time high in Manhattan. This first chart is the last 3-years by quarter, followed by 10-Years by year.
30 Year Fixed Mortgage Rate From December 2020 to March 2023, the cost of mortgage money more than doubled. Ten Years of lower-cost money, April 2013 to March 2023 April 1971 to March 2023, the peak of 18.44% was October 1981. The gray bands denotes recessions. Over the previous fifty years, the 30 Year Fixed […]
Ten year charts looking at Downtown residential Condominiums and Co-operatives and Resale and New Development. The fourteen neighborhoods in this study are: Chelsea, East Village, Flatiron, Gramercy, Greenwich Village, Meat Packing, Noho, Nolita, NoMad, Soho, Tribeca, Union Square, and West Village.
Basics of the Tax Bill Corporate Tax rate has dropped from 35% to 21%. Doubles the Estate Tax exemption from $5.5M to $11M. Individual tax rates have dropped from 39.6% to 37% and will expire in 2025. Allows for up to $10,000 of deductions in state and local sales, income, and real estate taxes (SALT). […]
Below is a selection of properties we represented for sale or lease in Manhattan & Brooklyn:
2 Jane Street, West Village
2 King Street, Soho
3 Lincoln Center, Lincoln Center
4 West 16th Street, Flatiron
7 West 96th Street, Upper West Side
10 West 15th Street, Chelsea
Buying or Selling a Manhattan Co-op: From Contract to Closing The impetus for this post is a question that was recently asked of me from one of my sellers. They are in the early stages of selling their Manhattan co-op and have simultaneously bid on a house outside of the city. The seller wanted to […]
