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 median rent for new leases hit a … and opting for rentals at least temporarily But another factor appears to be the FARE Act NYCs new broker fee law that shifts responsibility for …

By Jennifer White Karp |June 12, 2025 - 9:30AM
Brooklyn median price nears $1 million but the spring market is a question mark

… is difficult to predict   Both Brooklyn median and average sales prices hit record highs according to the latest  Elliman Report  for coops condos and one to threefamily houses in Brooklyn and Queens

By Jennifer White Karp |April 10, 2025 - 12:30PM
Manhattan and Brooklyn rents hit ‘unusual’ all-time highs in February

… Bidding wars for New York City rentals hit new records in February typically a slower month for the rental market and that competition helped … in Manhattan and average rent per square foot in Brooklyn to new highs Manhattan median rent for new leases increased …

By Jennifer White Karp |March 13, 2025 - 9:30AM