The Roebling Team at Compass

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The Roebling Team at Compass The Roebling Team at Compass advises New York City buyers and sellers on valuation, pricing, negotiation and complex real estate transactions.

Led by Corey Cohen, publisher of the Roebling Index, the team combines brokerage depth with original insights.

The Wall Street Journal featured research from The Roebling Index - our real estate research and data platform - along w...
09/24/2026

The Wall Street Journal featured research from The Roebling Index - our real estate research and data platform - along with analysis of expiring 421-a tax abatements across New York City.

Our study identified as many as 4,800 condo, co-op and rental buildings, containing roughly 66,000 apartments, whose tax benefits expired or are scheduled to expire between fiscal years 2023 and 2030.

A separate review of more than 37,000 condo sales found that apartments on blocks nearing the end of their abatements appreciated 5.4 percentage points less than those on blocks where the benefit still had years remaining.

After more spreadsheets than we care to count, it was gratifying to see the work cited in the Journal - with a direct link for readers who want to explore the underlying research.

Swipe through for the key findings. The complete study is available at RoeblingIndex.com.

Manhattan's most prestigious addresses made wonderful homes — and surprisingly mediocre investments.We isolated 71 verif...
07/02/2026

Manhattan's most prestigious addresses made wonderful homes — and surprisingly mediocre investments.

We isolated 71 verified same-unit resales on Park, Fifth and Central Park West — bought 2015–2019, resold 2025–2026. After about nine years:

→ 48% sold below cost
→ 80% failed to keep pace with inflation
→ Median real decline: 24%

Breaking even on paper often meant losing roughly a quarter in real terms. Even the renovated “winners” mostly spent the gain to get it.

The opportunity is for buyers: once automatic appreciation can't be assumed, the gap between new construction (~$11K/ft) and a proven trophy resale a few blocks away becomes the whole argument.

Full report at TheRoeblingTeam.com

— Corey Cohen, Principal, The Roebling Team at Compass

“Good bones” don’t create value. Honest math does.Renovation is no longer a default value-add in NYC prewar co-ops—it’s ...
01/13/2026

“Good bones” don’t create value. Honest math does.

Renovation is no longer a default value-add in NYC prewar co-ops—it’s a balance-sheet decision.

In today’s UWS & UES market, buyers don’t just cover construction costs—they absorb time, board approvals, restricted work hours, and a year of illiquidity. Once hard costs, soft costs, carry, and time are fully reconciled, total renovation exposure for a typical prewar often exceeds $1.25M.

Strategic modernization isn’t about chasing a higher price per square foot. It’s about removing risk and restoring velocity.

👆 Click the link in bio for full insights
📌 Save this if you’re underwriting a prewar deal
💬 Comment: Where do you see renovation risk most underestimated today?

Across Central Park West, Park Avenue, and Billionaires’ Row, resales are revealing a quiet but unmistakable shift. Near...
10/28/2025

Across Central Park West, Park Avenue, and Billionaires’ Row, resales are revealing a quiet but unmistakable shift. Nearly one in three condominium resales between July 2024 and July 2025 sold for less than their original purchase price—many from the 2014–2018 cycle.

From 432 Park to The Beresford, the data shows a market that’s recalibrating after a decade of exuberance. Even the most recognizable addresses are finding new definitions of value.

The latest installment of Roebling Report analyzes real transaction data to help owners, co-op shareholders, and investors understand today’s market in real terms.

https://www.roeblinggroup.com/post/manhattan-s-great-repricing

Manhattan’s luxury market is holding strong, with cash buyers leading two-thirds of deals and median prices nearing $1.2...
10/07/2025

Manhattan’s luxury market is holding strong, with cash buyers leading two-thirds of deals and median prices nearing $1.2M.

Projects like the Flatiron conversion, 800 Fifth Avenue, and 80 Clarkson Street are defining the next wave of high-end development — blending heritage, design, and global appeal.

While financing challenges temper new construction, the appetite for best-in-class properties remains deeply resilient.

Read the full breakdown in the latest Roebling Report: bit.ly/FlatironGoesResidential

Welcome to Plaza 400, one of Sutton Place’s most prestigious full-service cooperatives, where luxury living meets except...
09/16/2025

Welcome to Plaza 400, one of Sutton Place’s most prestigious full-service cooperatives, where luxury living meets exceptional amenities and white-glove service.

This spacious and light-filled two-bedroom, two-bath corner residence offers an inviting blend of elegance and comfort. A gracious foyer with two large closets leads to an expansive 30-foot living room, opening seamlessly onto a private balcony with sweeping city views—perfect for both entertaining and quiet retreat.

The renovated kitchen is thoughtfully designed with stainless steel appliances, custom cabinetry, and ample counter space, including a dining bar for casual meals. The oversized primary suite boasts windows on two exposures, exceptional proportions, and an abundance of custom-fitted closets - including two walk-ins - plus a beautifully renovated en-suite bath finished in marble with a window for natural light.

Plaza 400 sets the standard for white-glove co-op living, offering a 24-hour doorman, concierge, a spectacular rooftop pool and sundeck with panoramic views, a modern fitness center, children’s playroom, residents’ lounge, bicycle room, and in-building parking with a separate 55th Street entrance. Residents also enjoy the convenience of a circular driveway, updated laundry facilities, and a live-in superintendent with full staff.

Located in the highly sought-after Sutton Place neighborhood, Plaza 400 offers easy access to public transportation, restaurants, parks, and shopping. Utilities are included in the maintenance, and pets are welcome. A 2% flip tax is paid by the buyer, and the building permits pieds-à-terre, co-purchasing, and guarantors.

Discover the elegance, comfort, and exceptional lifestyle that await you at Plaza 400.

This brand-new duplex condominium combines soaring scale with thoughtful design in the heart of Long Island City. At 1,1...
09/16/2025

This brand-new duplex condominium combines soaring scale with thoughtful design in the heart of Long Island City. At 1,194 square feet, the residence features 20-foot ceilings, dramatic double-height windows with northern light, and sleek European white oak flooring throughout. Features low taxes with active 421-a tax abatement through 2035.

The entry level opens with a proper foyer, complete with four closets including a walk-in, and a full bath. The layout flows into a bright, open living and dining area with a custom MLAM Spanish Oak kitchen, Caesarstone countertops, and fully integrated Liebherr and Blomberg appliances. The bathroom is finished with a floating vanity, polished nickel fixtures, and natural tile.

A striking staircase leads to the upper level, where the bedroom overlooks the living space and includes private closets plus a secondary entrance for added convenience.

Hero LIC, developed by Silverback Development with architecture by Woods Bagot, offers a curated collection of lifestyle amenities:

• Rooftop Sky Lounge with panoramic city views
• Wellness Center with fitness club and yoga studio
• Multipurpose Dining Room and Social Parlor
• Part-time doorman

Located at the center of Long Island City’s growth corridor, the building is steps from acclaimed dining, cafés, and cultural venues, with immediate access to the 7, N, W, R, E, and M trains.

This is a rare opportunity to secure a dramatic duplex home with tax benefits in place and full access to one of LIC’s most complete amenity packages.

Over the last decade, Manhattan co-op prices have declined in both real and nominal terms, while suburbs like Greenwich ...
09/03/2025

Over the last decade, Manhattan co-op prices have declined in both real and nominal terms, while suburbs like Greenwich and Sands Point surged. But as major employers like JPMorgan, BlackRock, and Amazon bring workers back into NYC offices, proximity to Midtown is regaining importance - and could drive co-op demand by 2030.

The latest Roebling Report explores how shifting pricing, lifestyle trade-offs, and work trends are reshaping the “co-op vs. suburban house” decision for New Yorkers planning their next move.

https://bit.ly/CoopOrSuburbanHouse

08/19/2025

Greenpoint Terminal Market continues its evolution from former soundstages to a hub for creative, experience-driven brands. Its latest tenant, Brooklyn-based Stealth NY, will open its third borough location — and new HQ — in a 5,000 SF space blending retail, office, and e-commerce operations.

The Roebling Group represented both sides of the deal.

Corey Cohen, founder of The Roebling Group, shared insights on this trend in Commercial Observer, highlighting the market’s momentum and the opportunity in adaptive reuse.

https://commercialobserver.com/2025/08/stealth-ny-lease-greenpoint-67-west-street/

Luxury apartments in NYC are facing higher costs and stricter oversight in 2025.Local Law 97 fines are in effect, operat...
08/11/2025

Luxury apartments in NYC are facing higher costs and stricter oversight in 2025.

Local Law 97 fines are in effect, operating expenses are climbing, and lenders are tightening standards. Whether you’re buying or selling, understanding a building’s compliance, reserves, and recent upgrades is critical to navigating today’s market.

Learn more in this latest edition of The Roebling Report — bit.ly/HiddenCostsofLuxury

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