Emily Myers

This two-bedroom apartment, 162 Washington Ave. #4, in Clinton Hill, is offered at $995,000, which is below the current median sales price of $1,212,000 for similar apartments in the neighborhood. The condo has plenty to recommend it, including a modern interior, a private roof deck, and low monthlies.

Rents rose across all price indicators last month, according to Douglas Elliman’s December 2019 rental market report for Manhattan, Brooklyn, and Queens, fueled by the continued weakness in the sales market.

After a year of L train woes, and thanks to the averted L-pocolypse, Williamsburg rentals are hotter than ever.

After nearly two years of declines, the number of sales in Brooklyn, as well as the median sales price, have seen increases. It's too early to conclude the market has stabilized but numbers from Douglas Elliman’s fourth quarter 2019 sales report for Brooklyn, Queens, and Riverdale suggests sellers and buyers might finally be a little more in sync. 

The LIC Amazon bid that went bad was backed by $800 million more in incentives than previously thought.

The wet -over-dry rule is a NYC building’s way of preventing owners or tenant shareholders from putting in new wet areas, typically bathrooms or kitchens, directly above a dry area like a bedroom or living room. Buildings like to keep plumbing lines straight and uniform and there's less likelihood of major damage through flooding from above if wet areas are stacked above and below each other.