Manhattan Market Intelligence

In a significant turn of events, Wynn Resorts and Related Companies have officially withdrawn their $12 billion proposal to build a casino  at Hudson Yards, citing persistent community opposition and the complexities of rezoning the site. This move marks a turning point in New York City’s casino race and underscores the challenges of introducing large-scale entertainment venues  into densely developed residential areas.   While the proposed casino promised economic benefits s

Despite headlines dominated by high interest rates and economic uncertainty, the American housing market continues to demonstrate its long-term resilience—and profitability. According to a recent Realtor.com  report, the total value of residential real estate in the U.S. has surged by $3.2 trillion over the past year , reaching a record $47.5 trillion. That’s a 7.2% increase from February 2023 to February 2024, with nearly 60% of that gain driven by the luxury segment.   Equa

PropertyShark  has released its Q1 2025 report on NYC’s Top 50 Most Expensive Neighborhoods , and there were a few notable shakeups. Tribeca—typically a fixture in the top 3—slipped to the #4 spot, edged out by a surprising return from Little Italy, which claimed #2 with a $4.6M median sales price. Little Italy hadn’t appeared on the list since Q2 2024 due to low sales activity, but this quarter's resurgence may be a one-off, driven by a pair of high-priced NoLiTa sales: one

In a market that has consistently demonstrated resilience, New York City real estate is once again showing signs of stability. Since before the pandemic, we’ve weathered cycles of highs and lows—with buyers and sellers alike trying to navigate the waves without incurring losses. Early on, buyers capitalized on record-low interest rates, driven by pent-up demand as the city cautiously reopened. Then came surging inflation and the Fed’s sharpest rate hikes in a generation, caus