De Niro Team

In #NYC's hyper-competitive #realestate market, a new report finds cash is king. All-cash #buyers accounted for more than 60% of the almost 18K home sales in the 5 #boroughs over the first half of this year. Cash guarantees certainty for #sellers in the turbulent #economy of 2025, but of course limits who can afford to buy. Read the full story in the Gothamist linked below. #DeNiroTeam #DouglasElliman https://lnkd.in/eCmeG3FG 

Meet the people who repair #NYC’s cobblestone streets that were built for horses and carriages but that are now pummeled by cars and trucks. These streets date back to when #NewYork was a Dutch outpost, and in the more than 3 ½ centuries since, the painstaking way the stones must be laid by hand has not changed. This wonderful piece in The New York Times digs into the #historic skill of these incredible crews. Hit the link to meet the #bricklayers who make it happen. #DeNiroTeam #DouglasElliman https://lnkd.in/gBNc9gNg 

Our partners at Douglas Elliman Real Estate have released their October report for New Signed Contracts in #Brooklyn, and we're now seeing a 3-month trend of New Signed Contracts rising as new listings grow even faster compared to this time last year. Focusing on the #luxury #market ($2M+), which is our specialty, year-over-year growth was more than double that of the overall market. The biggest jump YOY came from 1–3 family homes, with the growth of new signings on co-ops enabled by supply, and condos still going strong. Want to talk about this with the experts on our team? Reach out anytime (and read the full report) at the link... #DeNiroTeam https://lnkd.in/enCJeJwr 

We've got the Elliman Report on New Signed Contracts for #Manhattan in October, and here's what we see: a surge across all property types compared to this time last year, matching the pace of New Listings. The #luxury ($2M+) sector—where our team does most of our business—saw nearly double the signings of last year and triple the growth in new listings. New signed contracts on 1–3 family homes, condos and co-ops all experienced robust growth, benefiting from lower #mortgage #rates and increased supply. Read the specifics in the full Douglas Elliman Real Estate report, at the link. And contact our team any time with questions.   #DeNiroTeam https://lnkd.in/enCJeJwr 

As TimeOut NY recently reported, there’s a new reason to travel down to Battery Park City. Months after the 3.5-acre Robert F. Wagner Jr. Park reopened in July (following a two-year renovation project), the park's central structure is officially accessible. The Wagner Park Pavilion now offers a free, publicly accessible rooftop that provides visitors with panoramic views of the Statue of Liberty, Ellis Island and the Hudson River. It's part of the Lower #Manhattan Coastal Resiliency initiative, engineered to mitigate #climatechange. Get the details in the article linked here. #DeNiroTeam #DouglasElliman Douglas Elliman Real Estate https://lnkd.in/d56SBkqN 

Next month you’ll see some changes to the #NYC #Ferry schedule, including new stops and routes. Like a direct ferry between the #Bronx and Rockaways, and a ferry connection between #Brooklyn and Staten Island that will terminate at #WallStreet. Get the specifics at the Downtown Alliance article linked here, or on New York City Economic Development Corporation’s website. #DeNiroTeam #DowntownAlliance https://lnkd.in/dzESrJCd 

Well, the #Flatiron Building developers have unveiled pricing for 18 units of the #residential conversion that’s underway. Asking prices for about half of the project’s 38 planned residences have a collected target sellout of roughly $375 million.  The prices released so far start at just under $11 million for a 3,000-sq-ft unit with 3 bedrooms and 3 bathrooms. We’re curious what the 4,600-sq-ft #penthouse will be priced at. We’ll keep you posted. Meanwhile, read more about the new offering plan in the article linked below. #DeNiroTeam #DouglasElliman The Real Deal  Douglas Elliman Real Estate 

#JPMorgan Chase’s massive #Midtown East headquarters, the tallest all-electric skyscraper in #NewYor City, is now open. The $3 billion property, featuring a striking “fan-column” design, can accommodate 10,000 employees, and provides 2 ½ times more outdoor space than its predecessor. Have you seen it? What do you think? Tell us in the comments, and read more in the article at the link. https://lnkd.in/e87ReM_b #DeNiroTeam 6sqft

The Q3 Douglas Elliman Report for #Brooklyn shows us that both average and median sales prices reached new highs for the third consecutive quarter. A few highlights: Median sales price cracked the million-dollar threshold for the first time. The average sales price followed suit, rising 11.6% YOY to $1,388,463. Sales continued to rise, driven by an expanded listing inventory. In a market challenged by low listing #inventory for more than a decade, supply has now expanded for the 6th consecutive quarter. Reach out to our team to find out how these numbers can help you, whether you're #buying or #selling. With two decades of experience, we are real estate experts. And find the full Q3 report at the link. https://lnkd.in/enCJeJwr #DeNiroTeam #DouglasEllimanNewYork

Median #rent in #Manhattan continued to rise faster than inflation as the vacancy rate fell below the long-term average in September, as shown in the latest Elliman Rental Report. For Manhattan #luxury rentals (our specialty), rent per-sq-ft was the second-highest on record in September (staying above the $100 rent per-sq-ft since February), and luxury listing inventory declined annually for the third time in 4 months Out in in #Brooklyn, median rent rose annually for the 7th month, reaching the second-highest on record, while new leases fell annually for the third time as bidding wars applied to 1 in 3 rentals. There's more to see in the full Elliman Report, linked here. Reach out to our team any time to chat about it. https://lnkd.in/enCJeJwr #DeNiroTeam