Q1 of 2025 showcased a resilient real estate market in NYC, despite broader economic uncertainties. Manhattan's median home price reached $1.55M in April, reflecting a 6.3% year-over-year decline, while Brooklyn's median sold price stood at $994K, marking a 2.9% annual increase. Notably, over 65% of transactions in Manhattan were all-cash deals, with the luxury segment ($5M+) seeing 90%+ cash purchases. This trend aligns with the success of the stock market in 2023-24, rising interest rates, global wealth migration, and high-net-worth buyers looking to preserve capital in a stable, tangible asset.



The rental landscape in both boroughs continued its upward trajectory. Manhattan's median rent climbed to $4,500 in April, a 5.9% year-over-year increase, setting a new record. Brooklyn's median rent reached $3,995, up 1% annually. Despite rising rents, demand remains strong, evidenced by a 19% month-over-month decline in Manhattan's average days on market.


In this issue, we delve into the latest market trends, offering insights into the factors driving the surge in all-cash transactions and the resilience of the luxury sector. We also explore the dynamics of the rental market, highlighting neighborhoods experiencing significant growth. Additionally, we feature curated selections of new dining establishments, trendy bars, and cultural events to enrich your June in the city. Enjoy the links below and Happy Memorial Day!

Manhattan

Condo & Co-op Report: April 2025

In April 2025, Manhattan sales rose 11% YOY and 5% versus last month to just under 1,150 contracts, 5% above the 10-year April average and the 11th consecutive annual...for more

Brooklyn

Condo & Co-op Report: April 2025

For a third month this year, contract activity improved. Inventory also reached its highest point in nearly a year with the median price standing firm at $994K...for more

Manhattan Luxury

$5M+ Market Report: April 2025

Manhattan luxury contracts rise and inventory declines. Days on the Market and average price per square foot fell versus 2024 while more than 90% of the luxury...for more

NYC Residential

Rental Market Report: April 2025

In April, the median Manhattan rent again reached an all-time high of $4,800/mo, while the amount of inventory dropped on an annual basis for the 8th...for more

53W53

Designed by Jean Nouvel

Rising 1,050 feet above Midtown, this iconic, sculptural tower features a distinctive diagrid façade and houses 145 luxury condominiums with interiors by Thierry...for more

130 William

Bold Architectural Statement

Designed by Sir David Adjaye. Its hand-cast concrete façade and arched windows pay homage to the city's historic masonry offering a modern, luxurious living...for more

Bar Bianchi

Milanese Inspired Apertivo

Inspired by this culture, it offers a chic atmosphere with street facing seating, perfect for sipping spritzes and people-watching. It is one of the finest...for more

Rafs of NoHo

Parisi Bakery, Bar and Restauirant

The latest must-visit from the Michelin-starred team behind The Musket Roo, serving refined French-Italianfare in a dreamy, cloud-ceilinged space...for more

50 W 127th St, 7B

3B2B - Harlem Condo

ACTIVE! A bright, oversized, and stunning condo with two large terraces that provide amazing 360-degree views of...for more

807 Riverside Dr, 5B

3B2B - Washington Hts.

ACTIVE! Fully renovated pre-war 1220 SF condo with open sky views, W/D in unit, great natural light, pass-through windowed kitchen...for more

200 E 66th St, B1702

Convertible 2B1B - UES

ACTIVE! A stunning, bright and spacious condo with private balcony, great closet space (5), a working fireplace, and open sky...for more

140 W 69th St, 72C

Studio - Upper West Side

ACTIVE! Beautifully renovated studio with high ceilings, LOFT storage, large breakfast bar, modern kitchen & bay window, is...for more

237 Eldridge St, 34

Studio - Lower East Side

IN CONTRACT! This amazing bright LOFT has high beamed ceilings with an open kitchen, a claw bath tub and beautiful hardwoods...for more

50 W 127th St, 8B

2B2B - Harlem Condo

IN CONTRACT! A unique, oversized, bright, turn-key penthouse w/1334 SF and two balconies offers amazing 360-degree views of...for more

235 W 75th St, 312

4B5B - UWS Condo

RENTED! This expansive, chic, & contemporary corner home merges pre-war charm with a modern look and feel that encompasses...for more

458 W 146th St, 1N

3B3B - Hamilton Hts

SOLD! This is a beautiful 2,234 SF ground floor LOFT duplex located in the historic Hamilton Heights district steeped in history...for more

125 N 10th St, NGC

1B1B - Williamsburg

SOLD! This is a fully renovated, and sun-drenched, expansive 797 SF 1 bedroom, with over 650 square feet of private outdoor...for more

Active

50 West 127th Street, 7B, Central Harlem

807 Riverside Drive, 5B, Washington Heights

205 East 63rd Street, 14D, Lenox Hill

200 E 66th Street, B1702, Upper East Side

140 West 69th Street, 72C, Upper West Side

205 East 63rd Street, 9B, Lenox Hill


In Contract

237 Eldridge Street, 34, Lower East Side

172 North 10th Street, 2D, Williamsburg

276 Hawthorne Street, 3, Prospect Lefferts

101 Bedford Ave, B503, Williamsburg

50 West 127th Street, 8B, Central Harlem

235 West 75th Street, 312, Upper West Side

176 18th Street, MFTH, Greenwood


Coming Soon

121 East 131st Street, 4, Harlem

405 East 13th Street, 5R, East Village

130 Hicks Street, 6B, Brooklyn Heights

125 North 10th Street, N2D, Williamsburg

130 Hicks Street, LB, Brooklyn Heights


Recently Traded

235 West 75th Street, 312, Upper West Side

30 East 37th Street, 5B, Murray Hill458 W 146th Street, 1N, Hamilton Heights

125 North 10th Street, NGC, Williamsburg

125 North 10th Street, P20, Williamsburg

150 West 55th Street, 6DE, Midtown West


276 Hawthorne St, 2, Prospect Lefferts

125 N 10th Street, S2G, Williamsburg

133 Essex Street, 503, Lower East Side

80 LaSalle Street, 17C, Morningside Heights

11 Fifth Avenue, 8N, Greenwich Village

321 East 45th Street, 6E, Tudor City

212 West 136th Street, 3, Central Harlem

517 73rd Street, 2, Bay Ridge

845 United Nations Plaza, 23E, Turtle Bay

205 Third Avenue, 2L, Gramercy Park

22 North 6th Street, 17K, Williamsburg

166 Montague Street, 4C, Brooklyn Heights

130 Hicks Street, 4D, Brooklyn Heights

305 East 24th Street, 17C, Kips Bay

135 North 11th Street, 4G, Williamsburg

151 Joralemon Street, 3, Brooklyn Heights

109 East 19th Street, 3R, Gramercy Park

16 Monitor Street, 3E, East Williamsburg

125 North 10th Street, S4E, Williamsburg

44 Box Street, 3A, Greenpoint

125 North 10th Street, SPHF, Williamsburg

210 West 78th Street, 4D, Upper West Side

309 Garfield Place, 1, Park Slope

10 Quincy Street, 3K, Clinton Hill

250 Mercer Street, A304, NoHo

125 North 10th Street, S5E, Williamsburg

22 Renwick Street, PH2, Hudson Square

450 Grand Avenue, 2A, Clinton Hill

5 West 19th Street, 8S, Flatiron

29 Huron Street, 11AE, Greenpoint