New York Rent Reaches a Record High, Stocks Slide After Republicans 'Press Pause' on Debt Ceiling Talks, A ‘Field of Light’ Installation Is About To Brighten Up Manhattan’s East Side followed by

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New and Noteworthy

New York Rent Reaches a Record High

Median rent was $4,241 in April, up 1.6% from March and 8.1% from April last year. Landlords are also offering fewer concessions, dropping to their lowest level since November 2019. Brooklyn and Northwest Queens also had record highs in April. If this isn't yet another reason to buy right now, I don't know what is! (Read More)

Stocks Slide After Republicans 'Press Pause' on Debt Ceiling Talks

Stocks fell Friday as the ongoing debt ceiling debate in Washington hit a stalling point.

The S&P 500 fell 0.19%, while the DJI dropped more than 100 points, or 0.33% at the close. The tech- heavy Nasdaq fell 0.24%.

However, these indexes are up overall 1.68% on average last week. (Read More)

A ‘Field of Light’ Installation Is About To Brighten Up Manhattan’s East Side

New York is about to get more lit—literally. Scheduled to open in Fall 2023 for a yearlong residence, English-Australian artist Bruce Monro is bringing his “Field of Light” public art installation to Manhattan’s East Side. The immersive piece will transform more than 6 acres, from 38th to 41st St. on 1st Ave, at the mixed-use Freedom Plaza space near the United Nations HQ. (Read More)

Team News

New Photos: Coming Soon!

If there is one thing we know how to do well, it's take a good photo. Weather it's of a stunning midtown penthouse, a charming Brooklyn townhouse, or even if we are the subject! We just took new team photos and we are very excited to share them with you. Keep an eye out here, on our website, and on our instagram page to see more!

Sneak Peak

Our Properties

70 La Salle Street, Unit 12D Morningside Heights 2 Bed \| 1 Bath	114 West 17th Street, Unit 5F Chelsea 3 Bed \| 2.5 Bath
99 Jane Street, Unit 8C West Village 3 Bed \| 3 Bath	70 Washington Street, Unit 12A DUMBO 1 Bed \| 1.5 Bath

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We are partnering with Block: a home renovation platform that helps you design, plan, and build all in one place. If you are planning a home reno, use Block to get an on-site estimate of costs before you even start. Plus use offer code APKSTEPTXU to get $500 off your materials purchase. Click here for more info.

Martin Eiden Team

M: 917.701.8898
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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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New York Rent Reaches a Record High, Stocks Slide After Republicans 'Press Pause' on Debt Ceiling Talks, A ‘Field of Light’ Installation Is About To Brighten Up Manhattan’s ...

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