Manhattan New Development Supply Challenges
This real estate market analysis focuses on the current state of new development condo inventory in Manhattan, highlighting a significant decrease in available units since 2022. Several factors contribute to this shortage, including the expiration of tax abatements, stricter tenant protection laws hindering condo conversions, and increased building and financing costs. The report provides a neighborhood-by-neighborhood breakdown of available units and future projects in the pipeline, emphasizing the limited supply in prime areas like Greenwich Village and the Upper East Side. The analysis concludes that the current low supply and decreasing interest rates present a favorable buying opportunity for those...Show more
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Manhattan New Development Supply Challenges Audio Overview
This real estate market analysis focuses on the current state of new development condo inventory in Manhattan, highlighting a significant decrease in available units since 2022. Several factors contribute to this shortage, including the expiration of tax abatements, stricter tenant protection laws hindering condo conversions, and increased building and financing costs. The report provides a neighborhood-by-neighborhood breakdown of available units and future projects in the pipeline, emphasizing the limited supply in prime areas like Greenwich Village and the Upper East Side. The analysis concludes that the current low supply and decreasing interest rates present a favorable buying opportunity for those seeking Manhattan properties.
NYC and Miami Home Buying Guide Audio Overview
This guide offers a comprehensive overview of the home-buying process in Manhattan and Miami. It details the fourteen steps involved, from finding an agent and securing financing to closing the transaction. The guide emphasizes the importance of using a buyer's agent and highlights key differences between the New York and Florida markets, such as offer procedures and board approval processes. Furthermore, it provides resources for understanding property types (condos vs. co-ops), market analysis, and relevant taxes and legal issues. Finally, it includes contact information and listings of properties for sale in both cities.