The PropertyClub Blog

Your guide to the NYC real estate market

Listing Your Home For Sale By Owner is Easier Than You Think

If you listened to most real estate agents tell it, selling your home by yourself is something akin to performing brain surgery on your cat. Unless you’re a trained veterinarian, the outcome is sure to be bad. Same with selling your home yourself. If you don’t list with an agent, you’re sure to have disastrous results. Or are you?

A Guide to the New York state and NYC Mansion Tax

Learn everything you need to know about the New York state and NYC mansion tax, from their history to the newly implemented progressive mansion tax in New York City, with rates as high as 3.9% for properties priced over $25 million.

The 100 Most Expensive NYC Zip Codes of H1 2019

Certain areas of a city can be a lot more desirable to homebuyers than others, and NYC is no exception. When it comes to choosing a place to live, plenty of factors come into play, like the availability of high-paying jobs, transportation options, walkability, good schools, excellent shopping and dining options, safety, low taxes, green spaces, and so on. Prospective homebuyers are willing to pay top dollar to have these aspects covered, and most of the time, they do, especially in NYC.

The 10 Best-Selling NYC Residential Buildings of H1 2019

Luxury apartments keep selling like hotcakes in New York City, and the first half of 2019 was no exception. Prospective homebuyers and real estate brokers were equally busy during the first six months of the year, and sales continued to close, with June seeing a flurry of activity and multiple records being broken in the luxury market as buyers rushed to close before new tax hikes went into effect in July.

A look at 11 of the Greenest Residential Buildings in NYC

Environmentally friendly building techniques have been around for decades, in some form or another, but they’ve only recently gone mainstream. The development of green building standards like BREEAM or LEED have created incentives for developers and have raised awareness of the importance of constructing sustainable buildings.

Save Money Buying a NYC Apartment with a Broker Commission Rebate

We're excited to announce that we've partnered with some of New York City's best real estate brokers to offer PropertyClub users buyer commission rebates. Buyers will now be able to earn up to a 2% cash-back rebate on property they purchase through our partner brokers.

Top 20 Homes Sales of Q2 in NYC - Goodbye Amazon, Hello Jeff Bezos!

A few months have passed since Ken Griffin’s jaw-dropping, $240 million purchase of a Midtown Manhattan condo, and the presses have had some time to cool down. A sale of this magnitude is unlikely to occur again, at least for a while, but that doesn’t mean that the NYC sales market is losing its luster. Quite the contrary; multi-million-dollar home sales continue to close every month. We once again combed through the data to round up the 20 most significant home sales of the year’s second quarter. Read on to see the best-selling locations in New York City and which buyers they attracted.

Rent-Burdened New Yorkers Turn to Coliving, Sacrificing Personal Space for A Good Location

If you’re contemplating making a move to New York City, then we should warn you, finding a place to live will be your biggest challenge, especially if your budget is limited. New Yorkers nowadays are heavily rent-burdened, but paying rent is especially more difficult for singles, who are increasingly turning to coliving, living with roommates, or even moving away from the Big Apple altogether.

Tips for NYC Homebuyers

Buying a home in NYC can be taxing, on both your wallet and sanity. The sub 1.5MM market is extremely competitive, even when market conditions favor buyers- and is simply insane when they favor sellers. To help save you time and money we’ve put together some tips on how to score significant savings when buying in New York City.

The 10 Tallest Residential Towers Under Construction in NYC

New York City is reaching higher and higher towards the sky, with numerous supertall projects planned or already in the works, and not just in Manhattan. The tallest building in Brooklyn was completed earlier this year, and soon it will be surpassed by another skyscraper that will be the highest structure outside Manhattan. In Queens, rezoning plans and the high demand for luxury condominiums has resulted in various residential skyscrapers popping up on the borough’s skyline, and the tallest one of them is already underway.

Brooklyn Make Way: Manhattan’s Financial District is NYC’s Millennial Hotbed

Millennials are strong in New York City; almost 3 million strong. And they’ve changed the way the city looks and feels. There’s a coffee shop literally around every corner, every street is buzzing with young adults, there’s no shortage of talent for the thousands of startups popping up every day, and then there's the food-Well, let’s say the flavors of the world have all met here. But where are Millennials living these days?

Tenant Rights in NYC- What is the Warranty of Habitability?

According to Real Property Law 235-B, there is an implied warranty of habitability in every New York City lease. This covenant requires that the landlord maintain apartments so that they are fit for human occupancy, that all things work as expected and that no conditions in the apartment exist that may harm or even kill the tenant. Additionally, the implied warranty of habitability applies to the common areas of any building. A landlord’s implied warranty of habitability cannot be waived orally or in the tenant’s lease agreement, as that would go against public policy and any such attempted waiver unenforceable by the court.