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Q1 Sales Up 29% in Manhattan Luxury Apartment Market

Q1 Sales Up 29% in Manhattan Luxury Apartment Market

by Phil Hall | Apr 4, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Buyers in the Manhattan luxury apartment market opened their deep wallets during the first quarter, with sales surging 29% to 2,560 closed transactions, up from 1,988 one year earlier. CNBC, citing multiple data sources, reports the total value of Manhattan’s luxury...
Manhattan’s Median Apartment Rent at $4,500 in February

Manhattan’s Median Apartment Rent at $4,500 in February

by Phil Hall | Mar 14, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median apartment rent in Manhattan soared to $4,500 last month, according to data from the Douglas Elliman brokerage. The median rental price for Manhattan was up 6.4% year-over-year, marking a new monthly record in February. Bisnow.com reports last month’s figure...
Crypto-Only Buyer Sought for $28 Million Manhattan Office Property

Crypto-Only Buyer Sought for $28 Million Manhattan Office Property

by Phil Hall | Feb 14, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A Manhattan office building has been listed for $28 million, but there’s a catch – the property owner will only sell it to a buyer who pays in cryptocurrency. Bisnow.com reports Okada & Co. acquired 111 West 24th Street in 2021 for $16 million. The following year,...
Q1 Sales Up 29% in Manhattan Luxury Apartment Market

CBRE, Citadel Sign New Leases for Manhattan Office Spaces

by Phil Hall | Jan 6, 2025 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The commercial real estate services and investment company CBRE Group Inc. (NYSE: CBRE) and the hedge fund Citadel LLC have signed significant office leases in historic Manhattan properties. CBRE announced it will establish a global financial headquarters at Lever...
NYC Begins Congestion Pricing Toll Program

NYC Begins Congestion Pricing Toll Program

by Phil Hall | Jan 6, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

New York City introduced its controversial congestion pricing toll program on Sunday, which charges most drivers who enter Manhattan between 60th Street and the lower tip of the island. The New York Times reports E-ZPass readers and cameras are now capturing the...
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