Real Estate Trends

Whole Foods to open new stores in Bushwick, Cobble Hill

Streetview of 1224 Flushing Avenue © 2021 Google

June 8, 2026

Whole Foods to open new stores in Bushwick, Cobble Hill

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Whole Foods continues to expand in Brooklyn. The Amazon-owned supermarket chain is set to open a new store at 1224 Flushing Avenue in Bushwick after signing a 15-year lease for a 10,000-square-foot space where it is expected to open one of its small-format convenience stores, according to Crain's. The Bushwick location is the second new lease the supermarket giant signed for a Brooklyn store last week, following a 10-year deal at a former Rite Aid at 182 Smith Street in Cobble Hill.
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A renter’s guide to Midtown West, from Hell’s Kitchen to Hudson Yards

Hell’s Kitchen. Photo by on Flickr

June 5, 2026

A renter’s guide to Midtown West, from Hell’s Kitchen to Hudson Yards

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Stretching from Fifth Avenue to the West Side Highway and 34th Street to the southern tip of Central Park, Midtown West includes iconic Manhattan districts like Times Square, Clinton (also known by its classic moniker, Hell's Kitchen), the newly-minted Hudson Yards, and Central Park South. From architecture, music, and theater to restaurants, bars, and shops, Midtown West is a study in New York City diversity and a destination for visitors from all over the world.
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Waterfront living in NYC: Inside resort-style rentals in every borough

Photo by Mike Sinko on Flickr

May 29, 2026

Waterfront living in NYC: Inside resort-style rentals in every borough

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Waterfronts across New York City are being developed, many with ultra-luxe high-rise condos with sweeping views. But thanks to rezoning and climate resiliency efforts, as well as the launch of NYC Ferry almost a decade ago, several rental buildings have popped up along shorelines in every borough, making resort-style living slightly more attainable. With beautiful views and amenities to match, and now, a quicker commute via new, expanded ferry service, riverside (and seaside!) living in New York is more appealing than ever. To explore what waterfront life is really like in NYC, we took a look at a few rentals along the water's edge, from glassy high-rises in Greenpoint to modern homes a block from the beach in the Rockaways.
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New York passes pied-à-terre tax for luxury NYC second homes

Billionaires’ Row from Harlem. Photo by joiseyshowaa on Wikimedia

May 28, 2026

New York passes pied-à-terre tax for luxury NYC second homes

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New York City is getting its pied-à-terre tax. State lawmakers on Wednesday approved the $268.5 billion 2027 state budget, which included a new annual surcharge on second homes in the city valued at $5 million or more. First announced last month by Gov. Kathy Hochul, the new tax will take effect July 1 and could potentially generate $500 million in revenue for the city each year. According to the governor, the tax ensures those who own luxury properties as their second homes are still "fairly contributing towards the funding of essential services," like police and fire departments, sanitations, parks, and more.
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13 best NYC rental buildings with outdoor pools
May 13, 2026

13 best NYC rental buildings with outdoor pools

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Summer is on the horizon in New York City, bringing with it poolside lounging and dips in the ocean. While the beach is great for a day trip, and hotel pools offer a fun experience, renters who are lucky enough to live in an apartment building with an outdoor pool can enjoy a resort-style getaway without ever leaving home. With the weather finally warming up, we took a look at the best rental buildings across New York City that offer outdoor pools.
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Cobble Hill’s most expensive home finds a buyer

Photos by DD Reps

May 7, 2026

Cobble Hill’s most expensive home finds a buyer

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Cobble Hill's most expensive home, a five-story brownstone last asking just under $17 million, has entered contract. The 1850s home at 205 Clinton Street reportedly found a buyer after first hitting the market for $22 million last fall. In addition to being a new neighborhood record, if the home fetches near the 16.995 million ask, the property would be the most priciest deal in Brooklyn this year, surpassing the $16.25 million penthouse sale at Olympia Dumbo in February.
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149-unit rental building coming to Hudson Square parking lot

Credit: MAG Partners

May 4, 2026

149-unit rental building coming to Hudson Square parking lot

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Two prominent New York City developers have teamed up to build a 149-unit rental tower on a parking lot in Hudson Square. MAG Partners and Global Holdings last week signed a long-term lease with Trinity Church for 122 Varick Street, where the joint venture plans to construct a 192,000-square-foot project employing the 485-x tax abatement program. The development will include more than 5,000 square feet of ground-floor retail, and 25 percent of the units will be permanently affordable as required by the tax incentive program.
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NYC pied-à-terre tax could raise less than Hochul’s $500M estimate, report finds

Credit: Andy on Unsplash

May 1, 2026

NYC pied-à-terre tax could raise less than Hochul’s $500M estimate, report finds

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Gov. Kathy Hochul's proposed pied-à-terre tax could generate up to $500 million annually, but multiple variables could affect the final revenue, according to a report released Thursday by New York City Comptroller Mark Levine. Introduced last month, the governor's proposed tax, which would place a surcharge on secondary homes in the five boroughs valued at $5 million and above, could generate nearly $500 million from just over 11,200 properties. The comptroller's analysis examines several factors, including exclusions for rented units and "behavioral responses" to the tax, which could lower the actual revenue to between $340 million and $380 million.
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Extell files plans for 86-story, 430-unit apartment building on the Upper West Side

Looking at West 66th Stret from Columbus Avenue. Photo © Ondel Hylton

April 24, 2026

Extell files plans for 86-story, 430-unit apartment building on the Upper West Side

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Extell Development this week filed plans for an 86-story residential tower on the Upper West Side, advancing a proposal for the neighborhood's next tallest building. Plans filed Wednesday with the city’s Department of Buildings (DOB) call for a 1,200-foot-tall tower with 430 apartments at 80 West 67th Street, also known as 77 West 66th Street, on the former Disney campus. The project would surpass Extell’s tower across the street at 55 West 66th Street by more than 400 feet, becoming the tallest building in the neighborhood.
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Mamdani proposes city-backed insurance program to cut costs for some NYC landlords

Credit: Jason Hawke CA on Unsplash

April 16, 2026

Mamdani proposes city-backed insurance program to cut costs for some NYC landlords

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While Mayor Zohran Mamdani's administration has so far focused on affordability for renters, the mayor announced a plan to help landlords on Thursday. A new program managed by the city will reduce the cost of property and liability insurance for affordable and rent-stabilized housing. As the New York Times reported, the proposal is seen as a peace offering to property owners, whose interests have often been at odds with the administration. According to the city, the self-sustaining program will help address the rising cost of insurance, which has more than tripled since 2017.
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Hochul proposes pied-à-terre tax on NYC second homes worth over $5M

Photo by Jakub Hałun on Wikimedia

April 15, 2026

Hochul proposes pied-à-terre tax on NYC second homes worth over $5M

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Governor Kathy Hochul on Wednesday proposed a yearly tax on non-primary residences in New York City. After resisting calls to tax high-income earners led by progressive leaders like Mayor Zohran Mamdani, the governor is now embracing a surcharge on secondary homes in the five boroughs valued at $5 million and above. Known as pieds-à-terre, these properties are occupied by part-time residents who usually stay there while working or visiting the city. While it's not the first time such a tax has been proposed in recent years, the new push for the surcharge comes as the city deals with a multibillion-dollar budget gap.
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Pink buys historic yellow Greenwich Village townhouse for $21.5M

Photo of the facade courtesy of Michael Weinstein of MW Studio. All others, courtesy of Shannon Dupre’ of DD Reps.

April 13, 2026

Pink buys historic yellow Greenwich Village townhouse for $21.5M

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Pink bought a yellow Greenwich Village townhouse. The pop star paid $21.5 million for the historic six-story home at 125 West 11th Street, as the Wall Street Journal first reported. Built in 1849, the cheerfully painted Greek Revival mansion has served as a haven for artists for over a century, most recently the same family for 70 years. Following a three-year renovation, the roughly 7,900-square-foot home first hit the market for $25 million in 2024 before being reduced by $3.5 million last fall.
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Thomas Juul-Hansen to design 22-story condo in West Chelsea

All renderings courtesy of Visualisation One, unless noted otherwise

April 8, 2026

Thomas Juul-Hansen to design 22-story condo in West Chelsea

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Here's a first look at the new condo rising on one of the largest last undeveloped waterfront sites in West Chelsea. Developer Legion Investment Group last week announced Thomas Juul-Hansen as the architect of 550 West 21st Street, a 22-story, limestone-clad tower situated between Hudson River Park and the High Line. The development includes 83 residences, starting at $2.5 million. Sales will launch this year, and construction is expected to wrap up late 2027.
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RXR files plans for 95-story supertall next to Grand Central

Renderings courtesy of SOM

April 7, 2026

RXR files plans for 95-story supertall next to Grand Central

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After receiving approval five years ago, a plan to build a supertall next to Grand Central Terminal is moving forward. Last week, RXR Realty filed the first permits for a 95-story tower at 175 Park Avenue, the site of the former Grand Hyatt Hotel, which the City Council approved in 2021 as part of the hotel’s redevelopment. The project is 12 stories taller than previously reported and would include office space and hotel rooms spanning nearly 3 million square feet. The tower had appeared stalled but was revived last month after RXR met with JPMorgan clients to gauge interest in funding the project, which the firm says is expected to cost $6.5 billion, according to Crain’s. Construction could begin in June.
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West Village megamansion enters contract for over $70M

All photos courtesy of Hayley Ellen Day

April 6, 2026

West Village megamansion enters contract for over $70M

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Two multi-family townhouses that were combined into one megamansion in the West Village found a buyer this month. As first reported by the Wall Street Journal, the unique property at 105-107 Bank Street entered contract for over $70 million, set to become one of the most expensive homes ever sold in downtown Manhattan if the deal closes at that price. Robert A.M. Stern Architects designed the double-wide residence, which is six stories and measures over 13,000 square feet.
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Oleg Cassini’s former UES mansion sells for $34.5M after lengthy bankruptcy battle

Photo credit: Evan Joseph for Sotheby’s International Realty

April 1, 2026

Oleg Cassini’s former UES mansion sells for $34.5M after lengthy bankruptcy battle

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An Upper East Side townhouse tied to late fashion designer Oleg Cassini has sold for $34.5 million, bringing a years-long legal and bankruptcy battle to a close. The five-story home at 15 East 63rd Street was at the center of a high-profile dispute involving Cassini’s widow, Marianne Nestor, and her sister, Peggy Nestor, who filed for bankruptcy in 2023 after creditors moved to foreclose on the Beaux Arts limestone townhouse. The pair had filed, and lost, nearly 20 court appeals to delay the case and keep the residence, according to Crain’s.
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Meta to open first NYC flagship store on Fifth Avenue

Images courtesy of Meta

March 18, 2026

Meta to open first NYC flagship store on Fifth Avenue

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Meta will open its first flagship store in New York City. Vornado Realty Trust on Wednesday announced retail store Meta Lab will occupy the five-story townhouse at 697 Fifth Avenue, next to the St. Regis Hotel. Last November, the company opened a pop-up shop at the building, which was painted bright blue and offered Meta's AI glasses and virtual-reality headsets to test. With existing office space at The Farley Building, Meta's 10-year agreement with Vornado adds to its NYC footprint.
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Gracie Abrams drops $4.5M on another Greenwich Village penthouse

(L) Gracie Abrams. Credit: Justin Higuchi on Flickr (R) 1 Fifth Avenue. Image via WikiCommons

March 13, 2026

Gracie Abrams drops $4.5M on another Greenwich Village penthouse

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Gracie Abrams has purchased another unit at Greenwich Village’s 1 Fifth Avenue co-op, a year after buying a $5.5 million penthouse in the building, with plans to combine the two. The pop star paid $4.5 million for the 18th-floor penthouse, which was once two separate units and now includes one bedroom, two bathrooms, and two terraces. If combined with the other unit, Abrams' residence in the building could span five bedrooms, five bathrooms, and five terraces, according to The Real Deal.
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New Hell’s Kitchen venue will host hologram ABBA show

Credit: Raph_PH on Flickr

March 6, 2026

New Hell’s Kitchen venue will host hologram ABBA show

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Extell Development this week applied to demolish part of a block in Hell's Kitchen to build a venue that will host a hologram show featuring the Swedish pop band ABBA. As first reported by Crain's, the firm seeks to raze a string of low-rise buildings in Hell’s Kitchen—formerly home to a strip club, a dance club, and a lumberyard—between 11th Avenue and West 45th and 46th Streets. The new venue will become the permanent home for ABBA Voyage, a production designed by the legendary 1970s pop group featuring holograms of their younger selves, according to the New York Times.
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Ivana Trump’s Lenox Hill townhouse sells for $14M, nearly half its original asking price

Photos courtesy of Evan Joseph Photography

March 3, 2026

Ivana Trump’s Lenox Hill townhouse sells for $14M, nearly half its original asking price

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After nearly four years on the market, Ivana Trump's opulent Lenox Hill townhouse has finally sold, fetching much less than its original $26.5 million listing price. The five-story home at 10 East 64th Street sold for $14 million, according to property records and first reported by the Wall Street Journal, down from its initial 2022 ask. Ivana purchased the home for roughly $2.5 million in 1992, shortly after her divorce from Donald Trump. The property was first listed following Ivana's death in 2022, as 6sqft previously reported.
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Bally’s buys Bronx casino site from NYC for $157M

Images courtesy of Bally’s Bronx

March 2, 2026

Bally’s buys Bronx casino site from NYC for $157M

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Bally's Corporation has officially purchased the Bronx parkland where it will build one of three new casinos downstate after the company secured a gaming license in December. As first reported by the Commercial Observer, the company last week purchased the 16-acre parcel at 450 Hutchinson Parkway in Throggs Neck—formerly leased to Donald Trump—from the city for $156.6 million. The proposal survived a City Council vote that initially denied a crucial rezoning, a decision later overridden by a veto from former Mayor Eric Adams, keeping the project alive.
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FiDi office tower to become 796-unit residential building

61 Broadway © 2024 Google

March 2, 2026

FiDi office tower to become 796-unit residential building

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RXR Realty secured a $420 million construction loan last week for an office-to-residential conversion that will transform a century-old Financial District office tower into 796 new homes. Affiliates of Apollo Global Management provided the financing to convert the 32-story 61 Broadway, with construction expected to begin later this month and the first residents projected to move in during the first half of 2028, according to Crain's. Roughly 200 of the apartments will be set aside for households earning 80 percent of the area median income (AMI).
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Dumbo penthouse closes for $16.25M, new record for Brooklyn sponsor condo

All photos courtesy of Pavel Bendov for Olympia DUMBO

February 26, 2026

Dumbo penthouse closes for $16.25M, new record for Brooklyn sponsor condo

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A full-floor penthouse at Dumbo's tallest tower officially closed this week, setting a new record for the borough. Penthouse B at Olympia, a 33-story condo at 30 Front Street, sold for $16.25 million, becoming the highest price-per-square-foot ($3,297) deal ever for a Brooklyn sponsor condo. The home might look familiar; the condo was featured in Spike Lee's 2025 movie "Highest 2 Lowest" as Denzel Washington's fictional apartment.
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Battery Park City rent protections extended for long-time tenants

Gateway Plaza. Image via WikiCommons

February 25, 2026

Battery Park City rent protections extended for long-time tenants

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Hundreds of tenants at Gateway Plaza, Battery Park City's oldest and largest residential development, will have their annual rent increases capped at 2.5 percent for the next 43 years. On Monday, the Battery Park City Authority (BPCA) announced an agreement with Marina Tower Associates to extend those protections for roughly 430 units with continuous occupancy since July 1, 2009. Originally set to expire in July 2030, the safeguards will now remain in place through June 17, 2069.
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New condo planned for vacant Chelsea lot next to the High Line

The High Line’s 10th Avenue overlook. The new condo at 118 10th Avenue will be on the east side of the street. Photograph by Mike Peel on Wikimedia

February 23, 2026

New condo planned for vacant Chelsea lot next to the High Line

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A vacant Chelsea development site once tied to the late New York City developer Brandon Miller has sold for $53 million and will become a new condo building. Adirondack Capital Partners on Monday announced that Toll Brothers purchased the roughly 12,000-square-foot parcel at 118 10th Avenue from Benny Barmapov, with plans to build an 85,000-square-foot condominium. Miller had previously leased the site, with plans for a 10-story, 100,000-square-foot office building, according to The Real Deal.
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