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NYC Pied-à-Terre Tax
The majority of owners of Manhattan pied-à-terre condos and co-ops with market values under approximately $5 million will most likely NOT be impacted by the tax. This tax will affect condos, co-ops, 1-3 family homes
that are NOT being used as a primary residence. There is a lot of information swirling about this. Reach out to get clarity. (More)
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S&P 500 jumps to a new record
U.S. stocks opened the week with a strong, tech-led move, as the S&P 500 and Nasdaq Composite both reached fresh record highs last Monday. The rally was primarily driven by optimism around semiconductor names, with Micron Technology surging after better-than-expected earnings and a strong outlook for AI-driven memory demand.
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Core inflation hit an annual rate of 3.3%
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index excluding food and energy, showed that core inflation reached an annual rate of 3.3% in April 2026, matching economist forecasts. This figure remains well above the Fed’s 2% target, reflecting persistent price pressures in services such as housing, healthcare, and insurance, even as some goods prices.
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Average Returns 1925 - 2025
Between 1925 - 2025, the total U.S. stock market returned an annualized average of almost 10.5%. After tax, however, that return drops to 7%. US home prices escalated at an average nominal rate of 3.4-4.4% per year between 1925 and 2025. Then again, averages are mostly useless. Most homes' appreciation is tax-free via the step-up basis. (More)
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New York Top Real Estate Deals
New York City logged 160 transactions totaling $386 million on May 27, 2026, underscoring sustained strength at the top end of the housing market. The standout sale was a double-wide, fully renovated townhouse at 105–107 Bank Street in the West Village, which sold for $70 million—the priciest residential deal reported that day.
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This month, we are proud to celebrate an incredible milestone for our Director of Marketing & Operations, Jarod Salinas-Dick: 8 years with Martin Eiden + Partners and 11 years in marketing.
Since joining the team, Jarod has played a pivotal role in shaping and elevating our brand. From overseeing marketing campaigns, social media strategy, email communications, and digital advertising to streamlining operations behind the scenes, his creativity, strategic thinking, and attention to detail have helped position our team for continued success. His expertise in branding, technology, and process management has strengthened not only our marketing efforts but also the client experience we strive to deliver every day.
Beyond his professional accomplishments, Jarod is a trusted teammate, problem solver, and constant source of positive energy. His dedication, innovation, and commitment to excellence have left a lasting impact on our organization.
Please join us in congratulating Jarod on this achievement and thanking him for eight outstanding years of leadership, creativity, and partnership. We are grateful to have him as part of the Martin Eiden + Partners family.
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1 Bed | 1 Bath
Open: 5/31 11:00AM - 12:30PM
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35 East 20th Street, Unit 6B
3 Bed | 2.5 Bath
Open: 5/31 12:00PM - 01:30PM
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45 Sutton Place South, Unit 12L
2 Bed | 2 Bath
Open: 5/31 01:00PM - 02:30PM
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2 Bed | 2 Bath
Open: 5/31 02:00PM -03:30PM
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175 East 2nd Street, Unit 4D
1 Bed | 1 Bath
Open: 5/31 02:30PM - 04:00PM
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610 West 110th Street, Unit 8AB
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188 East 70th Street, Unit 3A
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55 West 95th Street, Unit PHE
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529 West 42nd Street, Unit 7A
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50 Riverside Boulevard, Unit 3T
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245 West 104th Street, Unit 14C
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280 Park Avenue South, Unit 5L
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50-54 East 8th Street, Unit 3S
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43-33 42nd Street, Unit 6B
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40 East 80th Street, Unit 2C
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© Compass 2026 ¦ 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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