Median sales price in Brooklyn climbs to $995,000 in the second quarter

… Brooklyns median sales price continued to flirt with the $1 million mark amid rising … the latest editions of the  Elliman Report  which covers coop condo and onetothree family house sales for Brooklyn and … is fresh or stale and buyers will often adjust their offers accordingly That metric is part of a major debate …

By Jennifer White Karp |July 10, 2025 - 10:03AM
Manhattan median rent rose to $4,625 in June for another record-breaking month

… that we see record rents in both of those months said Jonathan Miller president and CEO of appraisal firm  Miller Samuel  and author of the report  Miller also noted …

By Jennifer White Karp |July 10, 2025 - 9:30AM
More millionaires opt to rent in NYC instead of buy

… and elevated mortgage rates New York City millionaires are increasingly choosing to rent instead of buy A new report from RentCafe finds that … among highincome households This doubling is in line with what wed expect given several factors significant asset …

By Jennifer White Karp |June 18, 2025 - 9:30AM
Manhattan median rent climbed to $4,571 in May, hitting a record for the third time

… Its painful to be a renter signing a lease in New York City these days Manhattan … the  Elliman Report  for the Manhattan Brooklyn and Queens rental markets The NYC rental market has seen increased … at least temporarily But another factor appears to be the FARE Act NYCs new broker fee law that shifts responsibility …

By Jennifer White Karp |June 12, 2025 - 9:30AM
Manhattan median rent spiked 6 percent to $4,500 in April

Renters signing new leases in Manhattan last month likely experienced sticker shock from sharply … rent for the borough was up nearly 6 percent compared to a year ago and at least a quarter of renters were willing … in April 2024 representing a new record for the second time in three months according to the latest edition of the  …

By Jennifer White Karp |May 15, 2025 - 9:00AM