REBNY Will Spotlight 7 Industry Leaders At 123rd Annual Banquet

The Real Estate Board of New York (REBN) will present seven industry members with top honors for outstanding professional success and exceptional contributions to the industry at REBNY’s 123rd Annual Banquet. Continue Reading →

Decline In Home Sales Volume And Value From Harlem To Hollis Continues In 2Q18

The New York City residential sales market recorded an eight percent decrease in citywide consideration (monetary value for completed transactions) totaling $12.3 billion in the second quarter of 2018, compared with the second quarter of 2017, according to the Real Estate Board of New York’s (REBNY) Residential Sales Report. Continue Reading →

REBNY Report: NYC Home Sales Volume and Value Dip in 1Q18

The New York City residential sales market recorded a 16 percent decrease in citywide consideration (monetary value for completed transactions) totaling $10.3 billion in the first quarter of 2018, compared to $12.3 billion in the first quarter of 2017, according to the Real Estate Board of New York’s (REBNY) Residential Sales Report. Continue Reading →

REBNY Report: Manhattan Retail Average Asking Rents Decline In Fall 2017

The Manhattan retail leasing market is still in a corrective period as average asking rents recede and deal-making favors parties willing to be flexible with lease structure, uses, and asking rents for ground floor retail spaces. Continue Reading →

REBNY Reports That NYC Homes Sales Volume Rises From Harlem To Hollis

New York City sales volume for all homes (cooperatives, condominiums, and one-to-three-family dwellings) rose a striking 15 percent to 12,721 in the second quarter of 2017 compared to the second quarter of 2016, according to the Real Estate Board of New York’s (REBNY) Residential Sales Report. Continue Reading →

All-Time High NYC Avg Home Sales Price in 2Q 2016

east-harlem sliderThe average sales price of a New York City home (cooperatives, condominiums, and one-to-three-family dwellings) hit $1,018,000 in the second quarter of 2016, a new all-time high since the Real Estate Board of New York (REBNY) began tracking home sales data in 2006. Continue Reading →

Proposed Housing Bill Is Wright On Track, But Not Enough

Keith-WrightCrainsNewYork reports that Real estate groups praised an affordable-housing bill from Assemblyman Keith Wright, but clarified Thursday they do not believe it can replace 421-a, a controversial property-tax break for developers that expired last year. Continue Reading →