Our perspective on the Manhattan and Brooklyn markets, policy changes, market shifts, and the analysis that informs how we advise clients.
Enacted May 27, 2026, effective July 1. Headlines focus on $5M second homes; for condos Phase One uses $1M of DOF market value, not sale price. How the two-phase rates work, who is exempt, 2020 vs. 2026, and worked examples with real math.
From slow market to Zillow Zestimates and testing the ask. Mixed signals breed expensive myths. What Corcoran, Compass, and Miller Samuel actually show, and why your building beats the headlines.
Local Law 97 set the floor, but the market moved faster. Today's best Manhattan developments compete on energy performance, materials, and biophilic design. Sophisticated buyers are pricing the difference into their bids.
Liquidate now, wait six months, or hold for the next cycle? The answer is not a hunch. It is a calculation built on micro-market comps, negative carry, regulation, building health, tax timing, and your own execution readiness.
The proposed hike on purchases above $5 million, as high as 5.325%, never made it into the budget signed May 28, 2026. Here's what buyers actually pay now, what else got dropped, and the one new tax that did pass.
A proposed state law would require outdoor lighting to be shielded and shut off between 11PM and 5AM by 2028. Here's what it means for residential buildings, terrace lighting, and property values.
$6.2B in Q1 volume, a record-high median, and the hottest action in the $3M to $5M band. That sat against the lowest luxury inventory in 17 years. Miller Samuel, Corcoran, and Compass on pricing, supply, contracts, and cash.
Between transfer taxes, broker commissions, attorney fees, flip taxes, and the surprise costs nobody warns you about, here's the real number and how to plan for it.