FROM THE STREETS: The macro market has us in a “market of waiting”. Jerome Powell!!!! The election. Russia, China, Ukraine, Israel. Rates. RATES. The 30Y Fixed just hit 6.86%, the lowest level since April. A reprieve. It’s busy, but slow. I had 3 contracts signed in the last two weeks. 1 Closing. 2 Lease Signings. 2 New Exclusives. But…we lost 3 separate Best and Finals. It’s active. It’s competitive. It’s weird. NY is a market of Neighborhoods and Buildings. One unit in a particular building will sit for months. Another will have a bidding war. We are starved of good inventory. There is an imbalance of supply and demand. Consumer spending up 1.5% QoQ Core PCE lowered to Fed estimate of 2.6%. The market is not good. The market is not bad. The market is a market of mini markets. |
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Brooklyn – Supply is flat MoM, Contracts Signed up 1.7% |
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Manhattan – Supply is down 10% MoM, Contracts Signed up 9.5% |
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I don’t deal in broad strokes. If you’re curious about your specific submarket, get @ me. |
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CLOSED *New Building Record* 365 Clinton Avenue, 11C $1,125,000 |
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800 East 17th Street, 3A $469,000 |
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just signed The Grand Madison, 225 5th Avenue, 8K $4,250,000 |
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1701 Albemarle Road, B12 $1,125,000 |
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800 East 17th Street, 5B $725,000 |
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COMING SOON 1818 Newkirk Avenue, 1Q 315 Ocean Parkway, 3J |
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NEW KATZEN TEAM EXCLUSIVES |
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Here are a few exclusive listings the Katzen Team currently has on the market. Get @ me if you’re interested. ;) If you are thinking about purchasing a home, but don’t know where to start, take a look at our Buyer's Guide here. |
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130 William St, PH63A, Financial District $7,950,000 |
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1355 First Ave, 25FL, Lenox Hill $6,500,000 |
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150 E 93rd St, PHW, Upper East Side $5,995,000 |
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175 W 10th St, 4, West Village $5,850,000 |
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1001 Fifth Ave, 9C, Upper East Side $2,695,000 |
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425 Park Ave S, 15A, NoMad $930,000 |
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575 MADISON AVENUE, NY, NY 10022. 212.891.7000 © 2019 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY. |
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575 Madison Ave, 3rd Floor
New York, NY 10022, United States |
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