MARKET MOVEMENTS

March 2025

• Luxury Revival

  High-end Condos are making a comeback, with buyers seeking premium amenities and concierge services. There's plenty of cash on the sidelines, and NYC’s real estate market remains one of the best-performing and stable markets for investment. Last week, 41 contracts were signed above $4M—the highest total since 2022...sheesh. Expect bidding wars in prime areas; if a property requires no work and is in a solid location, competition will be fierce. I've won two bidding wars and lost three just last month. A Riff for another day :).

• Opportunities in "Adjacent Areas"

  Homes and units in areas adjacent to prime blocks or neighborhoods will offer potential for deal-making. Especially if they require some creativity, vision, and TLC. There could be immense value in these kinds of properties. 

• Multi-Family Properties:

  Multi-family units are becoming the property type du jour, offering lower price per square foot, lower monthly costs, great locations, and rental income to offset rising ownership costs. I’ve noticed a shift among my clients toward these properties. 

• Rental Market Resilience

  Demand continues to outpace supply, keeping rental prices high, especially in prime areas.

• Hybrid Work Influence

  Buyers are prioritizing space, flexibility, and amenities. Many of my Townhome and "Pre-War charm" clients are now seeking convenience—gym, doorman, and ease, please :)!

BROOKLYN

MANHATTAN

KEEP YOUR EYES PEELED

What To Look Out For This Month

• Interest Rate Uncertainty

  Rates remain a wildcard, but they’ve hit their lowest level in 2025, with 30-year fixed rates as low as 5.95%. There are unique structures available through my lending partners. Get @ me. When there is fear, there is negotiability. 

  
  

• Influx of New Inventory

  Spring shopping season is a real thing. As the weather turns sunny and rates continue their slow descent, sellers and buyers get more engaged. 

  
  

• Property Tax Adjustments

  Keep an eye on upcoming reassessments, especially in gentrifying areas, which could lead to unexpected hikes in monthly costs.

  
  

• Condo/Coop Fees on the Rise

  Inflation and increased building maintenance costs are pushing common charge/maintenance fees higher. When my buyside clients are looking to purchase, I conduct an additional layer of due diligence on building financials to ensure long-term stability.

HOT NEIGHBORHOODS TO WATCH

Good Stuff Going On!

• Gowanus

  A rezoning-fueled transformation is underway, making this area one to watch. Ask me about "Schedule A Pricing" and strategies to secure the best layouts at discounted prices during the early contruction phase.

  
  

• NoMad

  Luxury high-rises and boutique residences are redefining this central Manhattan enclave. My partner and I had this on our "maybe we could live here list". We explored, pretended to live here for a day, and I have thoughts...a Riff for a different day ;).

  
  

• Ridgewood

  With an average price of $500 per square foot, Ridgewood has strong investment potential and a charming community. The neighborhood features historic row houses, growing food and arts scene, and easy access to the M and L trains. A quieter (and cooler some say) alternative to pricier Brooklyn areas, Ridgewood has seen steady appreciation, green spaces like Highland Park, and more spacious living options.