Manhattan Luxury Market Experiences record June sales

Manhattan’s luxury condominium market posted one of its strongest Junes in nearly two decades, propelled by shrinking supply, rapid deal pace and resilient demand from wealthy, often all‑cash, buyers, data from Realtor.com and brokerage reports showed. High‑end sales spike In June 2025, Manhattan completed 153 condo and co‑op deals worth $4 million or more, markingContinue reading “Manhattan Luxury Market Experiences record June sales”

5 Time Square offices to be converted to residential units

The Empire State Development Corporation (ESDC) has approved a sweeping redevelopment plan for 5 Times Square, authorizing the conversion of the midtown office tower into approximately 1,250 residential units, officials said on Tuesday, in one of the most high-profile commercial-to-residential conversions since the pandemic-era office exodus. The plan, backed by a private development consortium led by RXR Realty andContinue reading “5 Time Square offices to be converted to residential units”