Real Estate Trends

$80M penthouse at 80 Clarkson could break downtown Manhattan sales record

Credit: DBOX

June 23, 2025

$80M penthouse at 80 Clarkson could break downtown Manhattan sales record

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A duplex penthouse at a new two-tower complex next to Google’s Hudson Square headquarters could set a record for downtown Manhattan. Located in Zeckendorf Development and Atlas Capital Group's 80 Clarkson Street, the penthouse is asking $80 million, or more than $11,235 per square foot, according to The Real Deal. The 113-unit building, which topped out last week, has released 83 residential units so far, alongside 18 accessory suites, storage lockers, wine cellars, and parking, with an estimated sellout exceeding $2 billion.
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One Domino Square penthouse sells for $7.45M, a new sponsor sale record for Williamsburg

Photo courtesy of Evan Joseph

June 17, 2025

One Domino Square penthouse sells for $7.45M, a new sponsor sale record for Williamsburg

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There's a new sponsor sale record for Williamsburg. A duplex penthouse at the new waterfront development One Domino Square is under contract for $7,450,000, developer Two Trees Management announced on Monday. The deal takes the priciest sponsor sale title from neighboring project One Williamsburg Wharf, which had a penthouse asking $7,200,000 enter contract in December.
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Priced out of NYC? These are the best commuter suburbs, according to real estate experts
June 11, 2025

Priced out of NYC? These are the best commuter suburbs, according to real estate experts

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Since the pandemic, it’s become increasingly expensive to put down roots in New York City. According to data from CityRealty, condo prices are the highest they've ever been, increasing 16 percent since July 2020, while co-ops have jumped 6.4 percent over the same period. Many people are even being priced out of rentals; Douglas Elliman's Jonathan Miller reported earlier this year that the average monthly rent in New York City is now roughly $5,194—more than a mortgage payment in many places. And it’s this financial conundrum that often becomes the impetus for many young professionals and families to relocate to the suburbs. They can get more space and a yard, access to beaches and hiking trails, and send their kids to public schools without a second thought. But what’s the best place to achieve this small-town fantasy? For that answer, we turned to the pros. Ahead, hear from real estate experts about the best commuter suburbs outside New York City.
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Bethenny Frankel sells historic Greenwich estate for $7.8M

Photos courtesy of Mike Cinelli of Jump Visual

June 11, 2025

Bethenny Frankel sells historic Greenwich estate for $7.8M

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Reality TV star and entrepreneur Bethenny Frankel has sold her historic Greenwich, Connecticut estate for $7,825,000, almost double the $4.25 million she paid in 2021. The "Real Housewives of New York" alum sold the three-acre property, known as Applejack Farm, in an off-market deal following her move to Florida. Built in 1743, the estate, one of the oldest properties in Greenwich, includes a 6,500-square-foot main house with five bedrooms and eight bathrooms, plus a two-bedroom guest house with a separate studio, a three-bay garage, and a “party barn."
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Brooklyn Tower relaunches sales, with studios from $965K

Photo credit: Evan Joseph

June 10, 2025

Brooklyn Tower relaunches sales, with studios from $965K

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Nearly a year after Silverstein Properties took control, Brooklyn Tower has relaunched sales, with a new marketing team and a new address. The supertall skyscraper at 85 Fleet Street (formerly 9 Dekalb Avenue) first launched sales in 2022 but struggled to make much headway, with just 23 of the 143 condos sold to date. Now, with Corcoran Sunshine leading sales efforts, listings at the tower are once again live, with condos priced from $965,000 for a studio.
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Andy Cohen’s colorful West Village penthouse finds a buyer

Photos courtesy of Eytan Stern Weber, Evan Joseph Images

June 3, 2025

Andy Cohen’s colorful West Village penthouse finds a buyer

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Andy Cohen’s vibrant West Village penthouse found a buyer, and it's an Emmy Award-winning playwright. As first reported by the New York Post, actor and writer Danny Strong, known for his writing on "Empire" and "Dopesick" and roles in "Buffy the Vampire Slayer" and "Mad Men," bought the apartment at 2 Horatio Street with his partner Caitlin Mehner. The home, which is a combination of four units, first hit the market in September for $14 million and was relisted for $12 million earlier this year. The final sales price has not been made public yet.
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Brooklyn Heights’ iconic Hotel Bossert sells for $100M, to become apartments

Streetview of 98 Montague Street, Map data © 2019 Google

June 3, 2025

Brooklyn Heights’ iconic Hotel Bossert sells for $100M, to become apartments

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A historic Brooklyn Heights hotel once dubbed the "Waldorf-Astoria of Brooklyn" has sold for $100 million, with plans to convert the storied property into residences. The iconic Hotel Bossert, located at 98 Montague Street, was acquired by real estate investment and development firm SomeraRoad, according to city records registered Wednesday and first reported by Crain's. In a statement to the Brooklyn Daily Eagle, the firm said it "plans to honor the property’s rich history and to restore and reopen the building as residences."
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The bank of mom and dad: How parental co-buying is affecting NYC real estate

Photo © Jose Luis Stephens / Adobe Stock

May 28, 2025

The bank of mom and dad: How parental co-buying is affecting NYC real estate

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It’s not uncommon for today’s younger generations to rely more heavily on their parents for financial support than in the past. Perhaps they move back home after college to save, or they need a guarantor to rent their first apartment. Some are even fortunate enough to get help with the down payment on their first home through parental co-buying, a trend that realtors are seeing in New York City more and more.
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Silverstein unveils new wavy design for 785-foot-tall casino complex across from Javits Center

Renderings courtesy of Silverstein Properties / Binyan Studios

May 28, 2025

Silverstein unveils new wavy design for 785-foot-tall casino complex across from Javits Center

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Silverstein Properties this week unveiled a new design for its casino project proposed for an empty lot across from the Javits Center. The Avenir would rise 785 feet at 41st Street and 11th Avenue and include a 1,000-room luxury hotel, restaurants, a food hall, and a gaming facility, if the developer secures one of the three downstate casino licenses expected to be awarded this year. Designed by CetraRuddy Architecture and Steelman Partners, the project includes a podium with a facade of "gentle harmonious waves" topped by a sculpted 45-story tower. The design revises the original proposal, which called for two 46-story towers, following community feedback.
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The Chrysler Building is now on the market

Credit: Mitch Hodiono on Unsplash

May 21, 2025

The Chrysler Building is now on the market

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The Chrysler Building is officially up for sale after a drawn-out legal battle between RFR Holding and Cooper Union. As first reported by The Promote, the leasehold for the iconic Art Deco skyscraper is on the market for the first time since 2019, after a judge terminated RFR’s lease in January and evicted the firm for falling more than $21 million behind on rent owed to Cooper Union, which owns the land beneath the tower. Cooper Union has since tapped real estate firm Savills to find a new operator to take over the lease.
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NYC’s earliest concrete building in Gowanus back on market for $3M

Photos by Vanessa DeGarcia, courtesy of The Corcoran Group

May 15, 2025

NYC’s earliest concrete building in Gowanus back on market for $3M

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The Coignet Stone Building, the earliest known concrete building in New York City, is back on the market for $2,995,000. Located at 360 3rd Avenue in Gowanus, the landmarked structure was built in 1873 as both a showroom and a physical advertisement for Francois Coignet's concrete construction company, marking the first documented use of concrete for a building in the city. Whole Foods purchased the property in 2005 and completed a $1.3 million restoration in 2016 before listing it for $6 million. The building returned to the market in 2019 as a proposed residential townhouse, asking $6.5 million.
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Largest building in Gowanus moves ahead after $174.5M in financing

(L) Credit: JLL, (R) Streetview of 175 Third Street, Map data © 2024 Google

May 7, 2025

Largest building in Gowanus moves ahead after $174.5M in financing

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Plans for the largest building in Gowanus are moving forward after developers secured $174.5 million in financing. Last week, Charney Companies and Tavros obtained funding for 175 Third Street, a roughly one-million-square-foot project that will add 1,000 new apartments to the neighborhood as part of their larger Gowanus Wharf development. Once complete, the building will make Charney and Tavros the largest property owners in the area, with over two million square feet and 2,200 residences across Gowanus.
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432 Park owners sue again over alleged facade crack cover-up

Photo by Sebastiandoe5 via WikiCommons

April 30, 2025

432 Park owners sue again over alleged facade crack cover-up

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Owners at the supertall condo 432 Park Avenue are suing the building's developers again. The Midtown East tower's condo board on Friday filed a lawsuit against developers Harry Macklowe and CIM Group, alleging they knowingly concealed widespread cracking in the building's concrete facade from buyers and inspectors as part of a "deliberate and far-reaching fraud," as first reported by Crain's. The board is seeking $165 million in damages, along with punitive damages and compensation for losses tied to declining property values caused by flooding and erosion from the cracks.
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Frank Lloyd Wright’s corner apartment at the Plaza finds a buyer

Photo credit: The Charlie Attias Team / Compass

April 23, 2025

Frank Lloyd Wright’s corner apartment at the Plaza finds a buyer

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Frank Lloyd Wright's former apartment at the Plaza Hotel has found a buyer. Listed for $18,900,000 in February, the 4,000-square-foot home entered contract on Tuesday, as first spotted by the New York Post. The architect lived in the corner residence at 1 Central Park South from 1954 to 1959 while he was working on the Guggenheim Museum.
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Next phase of affordable Far Rockaway development breaks ground

Rendering by Aufgang Architects

April 2, 2025

Next phase of affordable Far Rockaway development breaks ground

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Construction is set to begin on an affordable residential building within a new development in Far Rockaway. As first reported by Commercial Observer, Tishman Speyer's TS Communities announced it secured financing and will break ground this month on Edgemere Commons A2, a 100 percent affordable building at 337 Beach 52nd Street and the second all-affordable development within the larger Edgemere Commons complex. The building will rise 18 stories and deliver 244 affordable apartments ranging from studios to three bedrooms, for households earning between 40 and 80 percent of the area median income.
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Scarlett Johansson and Colin Jost buy $13M Park Ave penthouse

Streetview of 1220 Park Avenue © 2024 Google

March 31, 2025

Scarlett Johansson and Colin Jost buy $13M Park Ave penthouse

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Actress Scarlett Johansson and SNL staff writer Colin Jost are moving to a Park Avenue penthouse. As first reported by the Wall Street Journal, the A-list couple paid $13,000,000 for a 14-room triplex at 1220 Park Avenue, a Rosario Candela-designed co-op in Carnegie Hill. The magnificent residence measures 6,000 square feet across three levels and includes six bedrooms, five terraces, and eight balconies.
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Vacant and overrun by feral cats, Trump’s childhood home in Queens sells at huge discount

All photos courtesy of Paramount Realty USA

March 28, 2025

Vacant and overrun by feral cats, Trump’s childhood home in Queens sells at huge discount

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President Donald Trump's childhood home in Jamaica Estates has traded hands for significantly less than its previous sales price after falling into disrepair and becoming overrun by feral cats. As first reported by the New York Post, the Tudor-style residence at 85-15 Wareham Place sold for $835,000 on March 3—less than half of its 2017 sale price of $2.14 million, according to the deed.
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350 Park Avenue supertall office tower officially enters public review

© DBOX for Foster + Partners

March 18, 2025

350 Park Avenue supertall office tower officially enters public review

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A proposed 1,600-foot-tall office tower set to reshape the New York City skyline officially entered public review this week. The Department of City Planning on Monday certified an application for 350 Park Avenue, a proposed 62-story building in Midtown East led by Vornado Realty Trust, Citadel, and Rudin Management, kicking off the seven-month uniform land use review procedure (ULURP). Designed by Foster + Partners, the project—the first new office building presented to the City Planning Commission in five years—calls for 1.8 million square feet of office space and a new public concourse, with Ken Griffin's Citadel and Citadel Securities as anchor tenants.
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Gracie Abrams buys Greenwich Village penthouse for $5.5M

Lead photo by BruceSchaff on WikiCommons. All other photos courtesy of Yale Wagner. Listing photos are virtually staged.

March 17, 2025

Gracie Abrams buys Greenwich Village penthouse for $5.5M

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Pop star Gracie Abrams is the latest celebrity to call the star-studded 1 Fifth Avenue co-op home. The singer-songwriter paid $5,500,000 for a three-bedroom, three-bathroom penthouse at the Greenwich Village building, across from Washington Square Park. Abrams joins high-profile residents of the Art Deco tower, including The Rolling Stones' Keith Richards, actress Jessica Lange, and filmmaker Tim Burton, alongside his ex-wife, actress Helena Bonham Carter.
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NYC’s population bounces back after pandemic exodus

Photo by Abhi Verma on Unsplash

March 14, 2025

NYC’s population bounces back after pandemic exodus

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Five years after the pandemic triggered an exodus from New York City, new census data shows the city's population is growing again. According to census data released this week, the city's population grew by 87,184 to 8.48 million people between July 2023 and July 2024, up from 8.39 million the previous year. All five boroughs gained residents, with Manhattan leading the way with a 1.7 percent increase in population.
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NYC’s 10 best-selling residential buildings of 2024

Aman New York, courtesy of Aman New York; One High Line, courtesy of Evan Joseph; The Huron, courtesy of Redundant Pixel; The Cortland, courtesy of Related Companies

March 14, 2025

NYC’s 10 best-selling residential buildings of 2024

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A new report from CityRealty reveals New York City's best-selling residential buildings of 2024. Last year's total sales by dollar amount remained just under $22 billion, falling below the 10-year average of $26.9 billion, likely due to high interest rates and global uncertainties. But the luxury market remained strong, with the majority of best-selling buildings being all new developments, including One High Line and Aman New York Residences, which top the list. As CityRealty notes, the 30 top-selling buildings in Manhattan accounted for $4.4 billion in sales, 992 units sold, and 20 percent of the borough's total apartment sales by dollar volume.
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NYC added 34,000 new homes in 2024: These neighborhoods built the most

Photo by Harry Gillen on Unsplash

March 12, 2025

NYC added 34,000 new homes in 2024: These neighborhoods built the most

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Nearly 34,000 new homes were completed in New York City in 2024, the most units in a single year since 1965. The increase in housing units, up over 6,000 units from last year, is driven by a surge of permits filed in 2022 before the 421-a tax incentive expired. The Department of City Planning this week released an update to its Housing Database with new tools highlighting housing production across the city. While the data reveals Brooklyn had the highest number of newly constructed units of all the boroughs, Long Island City in Queens led the city with 1,859 new building units in 2024.
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Billionaires’ Row condo sells for $82.5M, NYC’s priciest deal of the year

Photo by Jakub Hałun on Wikimedia

March 11, 2025

Billionaires’ Row condo sells for $82.5M, NYC’s priciest deal of the year

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Media executive Byron Allen has sold his condo on Billionaires' Row for $82.5 million, marking New York City's priciest deal of the year so far. As first reported by the Wall Street Journal, Allen paid $75 million in 2023 for the five-bedroom pad at 220 Central Park South, a limestone-clad tower designed by Robert A.M. Stern that is considered one of the most expensive condo buildings in the country.
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