NYC Luxury Real Estate News

This list of the eleven best apartment buildings in Chelsea will feature the top luxury rental properties, where you’ll find luxurious apartments with incredible amenities. If you’re in the market for luxury apartments in Chelsea, these are the apartments you’ll want to check out first.

How is coronavirus impacting the US luxury real estate market? We’ve taken a look at the most expensive zip codes in the nation. Here’s what we found.

New York City is notoriously expensive, and for many people, living here is out of reach. But some parts of the city are truly off-limits for most of us. Take Billionaires’ Row, for example, a nickname given to the area of 57th Street directly south of Central Park. We’ve combed through the data to extract a list of the 50 most expensive streets and neighborhoods in New York City, based on home sales closed so far in 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.

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?

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.