Manhattan Market Intelligence

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 activity in Manhattan has remained robust, reinforcing a trend we’ve discussed before—demand at the top of th

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. And in today’s market, where some properties are attracting strong competition while others remain more negotiable, stra

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 contradictory. In practice, they may reveal something more nuanced about how the high-end market is functioning.

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 threshold, targeting second homes that are often used only part-time. Supporters frame it as a way to generate revenue and discourage hom