The PropertyClub Blog

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.

If you’re a renter in New York City, you should be aware of the basic rights NYC tenants have. This guide to the Housing Stability and Tenant Protection Act of 2019 and existing laws and regulations will ensure you have the rundown on everything so that you’re prepared for any situation that might arise.

For most of us, living in a penthouse in Manhattan overlooking Central Park is an impossible dream, something that happens only in movies and fairy tales, not in real life. But for some, it’s not an impossible dream at all, but quite an achievable milestone, or something to check off a bucket list. How else would New York City end up with something called ‘Billionaires’ Row,’ a cluster of supertall residential skyscrapers lining 57th Street next to Central Park?

The American dream of owning your own home is becoming more and more unrealistic given the state of the U.S. real estate market today. Looking back at what home prices were 20 years ago is a big wake-up call, and it might make you question whether the American dream of homeownership is truly worth pursuing.

New York City has been long established as one of the most expensive cities across the globe, especially when it comes to home prices. Nowadays, everyone who is selling a piece of NYC real estate doesn’t think twice when putting an expensive price tag on it, knowing that people will without a doubt pay a hefty premium to live in the The Big Apple.

With year-end reports, that look back at 2018 and compare it to the year that came before, starting to roll in we've decided to make things a little more interesting by taking a look at the evolution of the million dollar sales market across New York City over the past 15 years. We'll highlight how homes priced over $1 million have become the norm in Manhattan, and how this price segment is showing steady growth rates in Brooklyn and Queens.