Brick Underground

The median sales price fell year over year by the highest amount in a decade, dropping 17.7 percent to $1,000,000, according to The Elliman report for Manhattan co-ops and condos for the second quarter, which overlapped with New York’s ban on in-person showings.

Bolster, a design-build firm, describes what you can expect during your renovation now that NYC is reopening.

This was the highest number of weekly new listings, according to the latest report from UrbanDigs, a Manhattan real estate analytics platform. For the week of June 22nd-28th, Manhattan listings increased 97 percent year over year, and were up 56 percent over the previous week.

“If a condo owner stops paying their common charges, it can leave the building with a funding gap, which can quickly build to a sizable loss of income,” says Bonnie Reid Berkow, founding partner of Wagner, Berkow & Brandt who has more than 30 years of litigation experience representing condominium boards.

New York City unveils an updated system for its housing lottery site, NYC Housing Connect, and the first apartments will appear in early July, according to The New York Times. The overhaul introduces the ability for applicants to use a smartphone to apply and to upload documents online.

The latest weekly NYC sales market report from PropertyShark found that between June 1st and June 7th, 409 deals were recorded. That’s an increase of 48 percent week over week.