NYC Real Estate Recap: August 21 - 27

Manhattan's average price per square foot is named the highest in the country, home builder sentiment surges to a three-month high, New York's first virtual reality apartment tours are launched, and more.



Manhattan’s average price per square foot surpasses that of other major U.S. cities

"The subject of NeighborhoodX’s latest analysis is average price per square foot in Manhattan compared to that in other major cities across the United States." Read more here...


Score a Studio For $613 Per Month in a Luxury Hell's Kitchen High-Rise

"Applications are now open for 90 apartments inside Extell Development's 555TEN on 10th Avenue." Read more here...


'High-End' Apartment Building Set to Rise Near Rat-Infested Chelsea Lot

"The 14-story building is located near a stalled construction site that has become a haven for rats." Read more here...


As New Yorkers seek out affordability, entry-level rentals become pricier

"Demand for affordable apartments in Manhattan has pushed up the median rent for entry tier apartments, July’s market reports find." Read more here...


City will partner with nonprofits to help them develop affordable housing

"The program will help nonprofits benefit New Yorkers in need." Read more here...


Homebuilder sentiment surges to three-month high

"Homebuilder sentiment hit a three-month high this month, as builders remain buoyed by low-mortgage rates and a strengthening job market" Read more here...


NYC rental market is getting worse for poorest families: report

"New York’s rising housing costs are hitting the poorest families the hardest, according to a new StreetEasy study." Read more here...


Halstead joins StreetEasy boycott

"Halstead Property became the latest residential brokerage to cut off StreetEasy on Wednesday, discontinuing its automatic feed to the listing portal." Read more here...


Two Bridges residents rally for full review of waterfront skyscrapers

"At a rally on Tuesday, neighborhood residents and pols continued to advocate for a ULURP at the site of three proposed developments to rise over 700 feet." Read more here...


Real estate firm, tech startup to create virtual reality tours of NYC apartments

"An international real estate firm and a New York tech startup are teaming up to give real estate seekers a new way to check out properties — virtual reality." Read more here...


Did we miss something? Let us know by emailing us at info@livebixby.co and we'll include it in next week's recap.