Brooklyn | June 2023

According to New York City records, the median price for an apartment in Brooklyn in the month of June 2023 was $765,444.  The price represents a 7.2% drop from last year’s median of $824,783. The number of sales for June, when compared to 2022, fell dramatically, dropping from 851 to 472 representing a year-over-year decrease of 45%.   June is the ninth consecutive month that the number of year-over-year sales has dropped ...

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New Permits Filed for 1598 Second Avenue

1598 Second Avenue, Manhattan

Permits have been filed for a 22-story mixed-use building at 1598 Second Avenue (aka 300 East 83rd Street) in the Yorkville neighborhood of Manhattan.  The parcel is located on the southeast corner of Second Avenue and East 83rd Street.   The proposed building will contain 70 residential units and a small commercial component.  It is not known at this time whether the property will be a rental property or a condominium. The structure ...

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192 East 88th Street, 5E, Kensington, Brooklyn-livingroom

Brooklyn | May 2023

According to New York City records, the median price for an apartment in Brooklyn in the month of May 2023 was $747,000.  The price represents a 6.5% drop from last year’s median of $799,000.  The number of sales for May, when compared to 2022, fell dramatically, dropping from 653 to 454 representing a year-over-year decrease of 30%.   May is the eighth consecutive month that the number of year-over-year sales has dropped ...

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44-EAST-67TH-STREET-APT-4D

Manhattan | May 2023

According to New York City records, the median price for an apartment in Manhattan for the month of May 2023 was $1,205,000.  The price represents an increase of 4.8% from the median price of $1,150,000 recorded in May 2022.  The number of apartment sales, however, fell from 1,380 to 1,076 reflecting a year-over-year decrease of 22%.   May represents the seventh consecutive month that the volume of year-over-year sales have dipped in ...

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509 Third Avenue, The Murray, Lobby

Rentals Launched at 509 Third Avenue, Manhattan

Rentals have been launched at 509 Third Avenue, aka The Murray, in the Murray Hill neighborhood of Manhattan.   This gleaming highrise development is located at the northeast corner of 34th Street and Third Avenue, two blocks south of the Midtown Tunnel. The Murray rises 36 floors and contains 229 apartments, 58 of which have been set aside as affordable units.  The building’s footprint shows 74 feet of frontage along Third Avenue ...

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