Manhattan is developing around 2.4MM sqft in new retail space, which means: $374,400,000 in potential new gross rent revenue for the retail market alone. Swatch and Victoria’s Secret take the biggest rents: reaching up to $35 Million in annual rent! Bulgari spends over $5,300 per square...

The New York City Department of Finance has priced the “Full Market Value” of NYC to be $1,071,973,871,651 (Trillion)!   Tax Revenues to grow to over $211 Billion due to new inventory by FY2017.   Brooklyn sees the greatest growth; however, Manhattan dominates in terms of total dollar value invested.   Commercial property...

    Average deal execution is down from 2014 Levels in 2015 but the sector continues to do well. 2014 saw significant blockbuster deals, which created a disproportioned market and unrealistic expectation in retail prices by...

For those considering a move, the inevitable question is always whether it is better to rent or to buy. This is a particularly tough question in New York real estate, since rent prices can often seem intimidating. Why not just pay a mortgage instead? But according to research from SmartAsset.com, perhaps the question isn’t all that difficult. According to their national...

The old saying is that there are three “L’s” in real estate – location, location, location. For many living in Brooklyn, the fourth “L” is a train.   The convenience and amenities of any community can raise a property’s value. When shopping for a new place to live, it’s important to consider location in relation to your work and where you would...

On December 10th of 2016, the  AM New York  newspaper cover story suggested that 2016 may be the best year for Manhattan renters since 2009. But what does that really mean?   There are several factors that go into a positive renter’s market, but the one highlighted by this article was that vacancy rates continue to increase. Quoting data from Citi Habitats, the overall...