Brooklyn Luxury Report
The Brooklyn luxury real estate market is here. Properties priced $2M and above saw 14 contracts
signed this week, made up of 11 condos, 1 co-op, and 2 houses. The previous week saw 24 deals. Average asking price was $2.91M for condos, $2.63 for Co-ops, and $3.41 for townhouses. For more info, reach out.
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Tumbling Tech Stocks Drag Wall Street
The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street on Friday across the finish line of another losing week. The S&P 500 dropped 0.9% to close out its 3rd straight losing week. The Nasdaq composite sank 2%. The DJIA, which has less of an emphasis on tech, was an outlier and rose 211 points, or 0.6%. (Full Story)
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Do You Call It a Basement or Cellar?
In NYC, the Difference Is a Legal Matter
Unbeknownst to many, the difference between a basement and a cellar, often misconstrued as an endearing colloquial difference, is, in fact, a nuanced legal matter. This becomes important when determining if the bottom floor of a townhome is legal to rent. In classic high-stoop brownstones, garden-level floors are almost always legal living space.
(Full Story)
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Are you a fan of gelato? Do you like free things?
Have any plans today?
Come by Sweet Lea's in Ditmas Park from 12pm - 2pm for a scoop of ice cream while our very own Alex Mahgoub gives you the scoop on NYC real estate.
It is going to be a great time - come by, say high, and get yourself some ice cream while you're at it!
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136 East 76th Street, Unit 6B
4 Bed | 3 Bath
Open: 4/21 11:00am - 12:30pm
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16 West 16th Street, Unit 2LN
1 Bed | 1 Bath
Open: 4/21 11:00am - 12:30pm
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41 West 72nd Street, Unit PHD
1 Bed | 1 Bath
Open: 4/21 11:00am - 12:30pm
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13 West 13th Street, Unit 1CS
1 Bed | 1 Bath
Open: 4/21 11:00am - 12:30pm
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© Compass 2024 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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