Manhattan co-op and condo sales ‘surged’ in fourth quarter

… of lower prices historic interest rates and concessions for new development New market reports show Manhattan is inching … traditionally the weakest quarter for sales since many New Yorkers travel for the holidays or are entertaining at home … how far Manhattan has come In both the second and third quarters of 2020 sales declined by 50 percent year over year …

By Jennifer White Karp |January 5, 2021 - 2:00PM
Will co-ops relax restrictions on rentals to compete better with condos?

… … Its true that some coop buildings allow rentals but there isnt an major evolution … is unlikely to change even as the pandemic motivates many New Yorkers to leave the city for temporary less …

By Alanna Schubach |January 4, 2021 - 12:30PM