What Paris, Vancouver, and London tell us about the proposal now moving through Albany. The Roebling Report · Issue No. 135 · April 29, 2026 · Corey Cohen On April 15, Governor Kathy Hochul and Mayor Zohran Mamdani endorsed the pied-à-terre tax: a recurring surcharge on luxury second homes valued above $5 million — a version of a proposal first introduced by then-State Senator Brad Hoylman-Sigal more than a decade ago and pronounced dead and revived across several budge

Q1 2026 Manhattan contracts are down but prices held. Deals aren't breaking on price — they're breaking on buildings, boards, banks, and momentum.

In today’s Upper West Side and Upper East Side prewar market, the definition of a “turnkey” renovation has quietly shifted. Post-2022, buyer tolerance for renovation disruption has collapsed while board approval timelines have elongated, creating a stark divergence between assets that are ready to live in and assets that are merely ready to work on.

Dear Friend, New York can launch a global brand overnight, but it still takes years to approve a new apartment building. Experts say we need 50,000 new homes per year to stabilize rents. Most years, we build half that. The real drag isn’t ideology or land - it’s the approvals process. Built in the 1970s, when New York was shrinking, the system assumes housing is risky and rare. Add decades of procedural layering and the result is slow, uncertain, and expensive. 2026 could mar

Two competing visions are shaping New York’s future. On one side, the business community - anchored by JPMorgan Chase, major law firms, global tech firms, and a surge of AI startups - is doubling down on Manhattan. On the other, Mayor-elect Zohran Mamdani proposes an aggressive affordability agenda: rent freezes, fare-free buses, and higher corporate and high-earner taxes. The tension between these forces will determine how the city grows, who it attracts, and how its real es

Across Manhattan’s most coveted corridors—from Central Park West to Billionaires’ Row—a quiet recalibration is underway. Between July 2024 and July 2025, nearly one in three condominium resales traded below their previous purchase price, marking a decade-long repricing of luxury. Eight notable addresses reveal how today’s market is rewriting assumptions about appreciation.

Manhattan’s luxury residential market continued its upward momentum in Q3 2025, driven by cash buyers and a select group of high-profile developments. Projects like the Flatiron Building conversion, 800 Fifth Avenue, and 80 Clarkson Street are redefining design and exclusivity, even as new construction slows across the city.

Luxury co-ops and condos in NYC are facing rising costs and stricter regulations in 2025. Local Law 97 fines are now in effect, operating expenses are climbing, and banks are tightening lending standards. Buyers and sellers alike need to navigate compliance requirements, reserve levels, and transparency to protect value in today’s market.

Assemblyman Zohran Mamdani’s bold rent freeze proposal could reshape NYC’s housing landscape. From affordability relief for tenants to pressure on market-rate rents and real estate values, explore how this mayoral frontrunner’s housing-first vision may affect the city — and your next move.

The FARE Act just rewrote NYC’s rental playbook. Tenants no longer pay broker fees when the landlord hires the broker — a major shift that slashes upfront costs. But with rising rents and shifting strategies behind the scenes, the real impact is just starting to unfold. Here's what renters, landlords, and brokers need to know.

A new proposal could raise the SALT deduction cap for some NYC homeowners, offering modest tax relief and potential buying power for mid-market buyers.

"Luxury doesn’t always mean perfection—even in NYC’s most elite condos. From 432 Park Avenue’s hidden facade cracks to the Seaport’s leaning tower, high-end condo building flaws in New York are costing buyers millions. Learn how construction defects, plumbing failures, and developer oversights plague prestigious towers—and the critical due diligence steps to protect your investment.

New York City is transforming vacant office buildings into apartments to address its housing shortage. With Manhattan’s office vacancy at 16.5% and a need for 560,000 new homes by 2030, developers are converting outdated workspaces into residences, particularly in the Financial District, Midtown East, and Brooklyn’s DUMBO. Incentives like the 467-m tax exemption and zoning reforms are driving progress, despite renovation challenges. Featured Projects Manhattan 25 Water Street

Amid rising tariffs and market uncertainty, even NYC’s luxury real estate is feeling the strain. A $10.25M Lenox Hill deal just collapsed, reflecting buyer hesitation. With mortgage rates spiking and construction costs climbing, now more than ever, broad listing exposure is key.

Manhattan’s office market is booming in 2024, with record leasing, AI firm growth, and shifting hybrid work trends reshaping the city.

Navigate 2025’s real estate shifts: higher rates, SALT cap buzz, soaring costs, and new rules.

Discover how the City of Yes is transforming urban living. Learn about the City of Yes initiatives and their impact on communities.

Trump’s proposed SALT cap repeal could boost luxury real estate markets, benefiting affluent buyers with increased purchasing power.

Hello Friend, Welcome to our September 2024 update on Manhattan’s real estate market. This month, we’re seeing shifts driven by interest rates, evolving buyer preferences, and even changes in living arrangements—like the rise of “boommates,” as highlighted in a recent Bloomberg article. Whether you're buying, selling, or renting, understanding these trends can help you make informed decisions in today’s market. Market Overview: Resilience Despite Economic Challenges Manhattan

Challenges Facing Cooperatives and Condominiums in Manhattan Amid Maintenance Fee Increases in 2024