Real Estate New York City

06/17/2026

Rising 92 stories above Manhattan's West Side, 35 Hudson Yards is the tallest residential tower in the neighborhood.

Offering breathtaking views of the Hudson River and skyline, with over 22,000 square feet (2,044 m²) of private amenities, including a Grand Dining Room and terrace, it truly defines luxury living in the sky.

But let's take a good look!

05/28/2026

Hello, New Yorkers and New York Lovers.

Do you recognize this incredible NYC viewpoint? 👀
A grassy hill, Manhattan in the distance, and one of the best skyline views outside the city…

Hint: This spot is located in Brooklyn and has become a favorite sunset destination for locals.

Have you ever watched the skyline from here?

05/26/2026

Miami Gets Richer at the Top, But Struggles to Retain the Middle.

According to recent data, newcomers to Miami-Dade from other U.S. states earn an average adjusted gross income of $178,000—more than double those leaving the region. At the same time, the number of millionaires in Miami has surged 94% over the past decade, reaching about 38,800 households.

This influx of wealth is reshaping the housing market. Million-dollar-plus home sales are rising significantly faster than overall transactions, while property tax revenues in the county have increased by 66% since 2019.

However, affordability is deteriorating. Over half of Miami-Dade households spend more than 30% of their income on housing, and the county is short of more than 90,000 affordable units. Migration trends also show net outflows of residents, particularly middle-income households, making Miami one of the fastest cities for domestic outmigration among major U.S. metros.

New luxury developments, private clubs, and ultra-high-end retail continue to expand, reinforcing the divide between capital inflows and local affordability.

05/21/2026

In April, the contract activity reached 1,112 signed contracts, increasing 3.1% from the previous month and 2.4% above last year's level, while the median sale price stood at $1.28M, up 7.9% year over year. Regarding the data currently updated, Manhattan supply stands at 6,648 listings (down 10% compared to the same period last year) and pending sales total 3,540 units (up 8.9% year over year). As a result, based on the ratio between pending sales and supply, the currently stands at 0.5, placing the market in the neutral zone.

Currently, values above 0.5 are considered favorable to the seller, and values below 0.3 are favorable to the buyer.

Luxury Segment
During the week ended May 17, 38 contracts were signed in Manhattan at $4 million and above, 2 more than the previous week. The total weekly asking-price sales volume reached $273,539,999, with a median asking price of $5,500,000. The average discount from original to last asking price was 9%. The top contract was PHA at 255 East 77th Street, asking $25.77 million.

Rental Market
In April, the inventory was extremely tight, with just 4,766 units available for rent, dropping 6% compared to March and falling 25% year-over-year reaching a four-year low. Median rent surged to a new all-time record of $5,099, up 6% year over year. A total of 4,731 leases were signed, up 12% year over year, marking the busiest April in Manhattan in the past five years. The vacancy rate fell to 1.55%, down from March's 1.88%, marking the lowest vacancy rate in more than six years as intense renter demand collided with constrained supply.

05/20/2026

Here’s the latest edition of Il Mattone Americano, my column for La Voce di New York.

This time, the spotlight is on Miami, a city getting wealthier at the top while struggling to retain its middle class. Want to understand what’s driving this growing divide? Check out the article!

In recent years, Miami has continued to attract an extraordinary concentration of wealth, reinforcing its transformation into one of the

05/07/2026

Hello, New York Lovers.

Do you recognize this iconic NYC corner? 👀
A subway entrance, a grand historic building… but what’s the name of this landmark?

Hint: One of the most famous residential buildings on the Upper West Side, known for its Beaux-Arts style and legendary past.

Have you ever been here?

04/29/2026

Hello, New Yorkers and New York Lovers.
Surrounded by sleek glass towers, this elegant Art Deco building stands out with its warm tones and timeless design. It’s a quiet reminder of old New York in the middle of modern Manhattan.

Do you recognize this NYC landmark?

Hint: You can spot it right by Bryant Park… 📚

04/24/2026

The Manhattan Market Pulse: Currently, the contract activity reached 1,077 signed contracts in March, increasing 29.8% from the previous month but remaining 3.3% below last year's level. The median sale price stood at $1.24M, up 4.3% year over year. Manhattan supply currently stands at 6,295 listings, down 8.1% compared to the same period last year. Pending sales total 3,021 units, slightly down 1.6% year over year. As a result, based on the ratio between pending sales and supply, the Market Pulse stands at 0.48, placing the market in the neutral zone.

*Currently, above 0.5 is considered favorable to the seller, and below 0.3 is favorable to the buyer

Luxury Segment
During the week ended April 19, Manhattan's luxury market held steady, with 39 contracts signed at $4M+, one more than the previous week. The median asking price reached $7,650,000, while the average discount from the original asking price was 9%.

The key story is the continued strength of the trophy segment: 10 contracts were signed above $10M, bringing the year-to-date total to 126, well above 90 in the same period of 2025 and approaching 2021's record pace. Leading the week was PH76 at 111 West 57th Street, asking $45M.

Rental Market
In March, the inventory remained extremely tight, with just 5,049 units available for rent, the lowest level in four years. Median rent held at $5,000, matching the record high reached in previous months. A total of 3,906 leases were signed, up 5% year over year, although still about 9% below the historical March average. The vacancy rate edged slightly higher both month over month and year over year, as affordability constraints slowed absorption.

(Data source: UrbanDigs, Olshan, Gary Malin)