July 2025

July 30, 2025

Market Update

Market Update: The FARE Act

Now that summer's here, things have cooled off a bit. In June, 972 contracts were signed, down 6.1% from May. But that's still 3% more than in June 2024, so demand is steady, just more selective. July saw a cool off as New Yorkers are taking time to travel and reset.

This last week: July 21-27 in Manhattan, 116 contracts were signed at $1M+, 75 condos, 37 co ops and 4 townhouses.

$1M-3M had 84 sales with an average days on market of 84.
$3M-5M had 14 sales with average days on market of 159.
$5M-10M saw 15 sales with 401 average days on market!
The 10M plus sector had 3 sales with 97 average days on market.

Property of The Month

70 Charlton, 19D

Step inside one of Hudson Square’s sun-filled homes—Residence 19D at 70 Charlton. This high-floor one-bedroom is framed by 8-foot-wide south-facing windows and nearly 10-foot ceilings, creating a space that’s as bright as it is serene.

The open-concept living and dining area is highlighted by two oversized windows, while the adjacent open kitchen features a full suite of sleek Miele appliances, including a gas stove, deep freezer, and vented hood—ideal for those who love to cook.

Gray oak hardwood floors, a California Closet, and Nest-controlled heating and cooling lend comfort and polish throughout. A vented in-unit washer and dryer and a large entryway closet add even more storage and convenience. The south-facing bedroom even includes a spa-inspired bath with heated floors and a soaking tub.

With a rare 20-year tax abatement through 2037 and access to purchasable private storage, this is a standout opportunity in one of Downtown’s most sought-after luxury buildings.

Reach out to schedule your private tour today.

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Paros Holiday: a Grecian Guide

Greece was absolutely incredible! I went there with my family and some college friends for a wedding, and it just so happened that Paros was named the best island to visit in Europe for 2025 at the same time! It offered the perfect blend of relaxation, exploration, sand, and sun. If you're considering a trip to Greece, make sure Paros is on your list! Here are some tips from my trip:

Summer Travel Tips: During the summer, it gets really hot, so doing physical activities in the middle of the day can be tough. We loved spending our days at beach clubs and exploring the towns at night—that’s my kind of vacation!

Beach Clubs:

Cabana Beach Club: This place is stunning, spacious, and located right by the bay. The calm blue waters and comfy day beds make it a must-visit.
Crios Beach Club: The DJ here was amazing, turning the beach into a lively party. Plus, they had fantastic sushi.
Santa Maria Beach Club: Situated by the ocean, this club offers a great menu.

Restaurants in Paros: Always go for the sunset!

Arodo: With a beautiful seaside location, Arodo offers a serene atmosphere and delicious food.
Seaporis: A must-visit for seafood lovers, this restaurant boasts a stunning aesthetic.
Barbarosa: Known for its lively vibe with dancing on chairs and napkin parties every 30 minutes.
Masete: They serve amazing gyros.
Tami: Located near the port, this spot offers a fantastic spicy shakshuka and fresh sour dough.

Shopping: Check out the areas near the port in Parikia and Naoussa for the best shopping. You'll find great gifts, bathing suits, cover-ups, and authentic Greek ceramics.

Cool Down in the City: Rooftop Pools, Two Ways

July in New York is no joke—and a rooftop pool and skyline view can make even the steamiest day feel like a mini vacation. But when it comes to true poolside pleasure, the real question is: do you want to borrow or belong to these elite amenities? Are you looking for a one time distraction or an anytime escape?

Either way, there are plenty of buildings with both guest-friendly and resident-only sky high summer soaks. So whether you're looking for a luxe daycation or a private oasis just an elevator ride away, here's your ultimate guide to beating the heat in style.

This: Book a Day Pass…

Indulge in a rooftop moment—without the commitment. These pools offer stunning views, cocktail service, and serious vibes… for a day.

The William Vale – Williamsburg Epic skyline views and frozen drinks to match. How to get in: Reserve a daybed or stay overnight.

ModernHaus – SoHo (JIMMY) Swanky, sceney, and steps from downtown shopping. How to get in: Limited day passes or hotel stays.

Equinox Hotel – Hudson Yards Quiet luxury meets wellness retreat. How to get in: Book a night or inquire about spa + pool access.

The Dominick – West SoHo Palm trees, cabanas, and a downtown resort vibe. How to get in: Guest-only, but cabana rentals may be available.

… Or That: Have One at Home

Why fight for a lounge chair when rooftop paradise could be a key fob away? These rental buildings offer pools, cabanas, and staycation energy—all summer long.

The Aire – Upper West Side Saltwater pool, skyline views, and spa-like serenity.

555Ten – Hudson Yards Indoor/outdoor pool, cabanas, and club-level amenities.

Brooklyn Point – Downtown BK The highest rooftop infinity pool in NYC.

EVGB – East Village Rooftop garden, grills, and pool—pure downtown oasis.

The Dime – Williamsburg Boutique feel with panoramic water views and a serene soak.

June 2025

June 17, 2025

Market Update

Market Update: The FARE Act

As financial markets remain volatile—fueled by inflation and global tensions—New York City real estate continues to stand out as a stable, long-term investment. With the recent passage of the Fair Access to Rental Expenses (FARE) Act, the rental landscape is shifting, and we want to ensure you're prepared.

Enacted Wednesday, June 11th, the FARE Act caps what tenants can be charged in broker fees and shifts more commission responsibility to landlords. While this move aims to make renting more affordable, it also introduces new dynamics for landlords and agents.

For renters, this could reduce upfront costs. For landlords, it’s more important than ever to work with an experienced brokerage team that can attract qualified tenants and price your property strategically.

Despite regulatory changes, NYC real estate remains competitive:

Manhattan’s median sale price is up 12% year-over-year to $1.175 million, with resale condos hitting $1.595 million.
Rents have climbed 6.4% since last year, with continued increases expected this summer.
NYC’s total property market value is projected to rise 5.7% in fiscal 2025, led by residential growth.

Limited inventory continues to favor sellers and landlords, reinforcing the need for thoughtful strategy.

Whether you’re renting, buying, or listing, this is a moment to stay informed and strategic. Our team is here to help you navigate the evolving market with clarity and confidence.

Questions about how the FARE Act affects your next move? Let’s connect.

Property of The Month

135 E 83rd Street, 8/9C

Step inside one of the Upper East Side’s most exciting new listings... Brought to life by a seasoned interior designer, this two-level, three-bedroom home with a den has been meticulously reimagined to create a luxurious urban retreat in one of Manhattan’s most sought-after neighborhoods.

At the heart of the home is an open-concept kitchen that’s as functional as it is stunning. Anchored by dramatic Calacatta Vagli marble countertops, the space features a curated selection of high-end appliances from LG and Samsung, a sleek Sharp built-in microwave drawer, and a statement-making 36" Hallman range. Custom cabinetry and a walk-in pantry add both elegance and practicality, making this kitchen a dream for home chefs and design lovers alike.

Sunlight pours in through brand-new, west-facing windows, casting a golden glow over wide-plank oak floors that stretch throughout both levels of the home. This isn’t just beauty without brains, though—the entire space is thoughtfully wired for modern living. Enjoy Alexa-controlled lighting and air conditioning, four Nest-controlled PTAC units (also Alexa-enabled), and a brand-new in-unit washer and dryer—all designed for seamless comfort and efficiency.

Refined millwork and thoughtful touches throughout elevate this residence even further, making it truly move-in ready.

Take a look at this designer listing and reach out for a tour today.

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Honored in the RealTrends Verified List

At Compass, we’ve seen firsthand how the Private Exclusive program can give our sellers a real edge—especially in a market as fast-moving and competitive as New York. For clients who want to quietly start sharing their home without going fully public, it’s the perfect way to get a jump on exposure. By tapping into Compass’s nationwide network, we’re able to strategically market listings to top-performing agents who are actively working with serious, qualified buyers—often before the general public even knows the home is available. This early visibility has helped many of our sellers generate buzz, gather valuable feedback, and even secure competitive offers—all while staying in control of their timeline.

Seaside Escapes: Best Beaches Within 2 Hours of NYC

As summer approaches and the city gets that familiar thick, humid, heat, there's nothing like a quick beach getaway to cool off and reset. Whether you want the energy of a lively boardwalk or the quiet calm of soft dunes, these coastal escapes offer the perfect dose of salt air and sun—no plane ticket required.

1. Rockaway Beach – Queens

Just a subway or ferry ride away, Rockaway Beach is New York City’s only legal surfing beach. With taco shacks, frozen drinks, and live music in summer, it’s a great blend of beach day fun and low-key cool. Don’t forget your board, or rent one right on the sand.

2. Long Beach – Long Island

Hop on the LIRR and be oceanfront in under an hour. Long Beach boasts a clean, wide shore and a 2 mile boardwalk perfect for biking, jogging, or just soaking in the breeze. It’s great for day-trippers looking for both sun and structure—with cafes and bars just steps from the sand.

3. Jones Beach State Park – Long Island

This classic New York beach destination stretches for over six miles along the Atlantic and delivers pure nostalgia. Whether you’re grilling with friends, swimming in calm surf, or catching a show at the amphitheater, Jones Beach is ideal for families and groups who want a big, open beach with everything in reach.

4. Asbury Park – New Jersey

Edgy and artistic, Asbury Park is a beach town with soul. Vintage arcades, colorful murals, and live music fill the boardwalk, while the beach itself is relaxed and clean. It's perfect for those who want more than just sun—Asbury offers scene and substance.

5. Sandy Hook – New Jersey

Accessible by car or a breezy Seastreak ferry ride, Sandy Hook feels like a proper escape without the commitment. Miles of unspoiled beaches, scenic bike trails, and bird-watching spots make it ideal for nature lovers. It’s also one of the few beaches where clothing is optional—if that’s your vibe.

6. Fire Island – Long Island

A little planning goes a long way on Fire Island. Car-free and dreamy, this sliver of sand offers charming communities like Ocean Beach and Kismet, where sandy paths lead to cozy cottages and sunset bars. Whether you’re there for family fun or a group weekend, Fire Island is magic in motion.

May 2025

May 2, 2025

Market Update

Manhattan's Luxury Market Hits a High Note!

Wow, fifty-five luxury deals just got signed in Manhattan, making it the best week since November 2021.

This week was a big one with 36 condos, 12 co-ops, two condops, and five townhouses all going under contract. The median asking price? A cool $6 million. Altogether, these deals added up to over $400 million, with homes snagging an average discount of 7 percent off their initial asking prices.

Based on Olshan Realty’s latest report, from May 19 to May 25, the luxury scene in Manhattan saw fifty-five contracts for properties asking $4 million and up. This is the highest we’ve seen since the big boom back in November 2021, which itself was a real standout period since before the 2008 crisis.

The luxury market is on fire right now, but those $1M - $3M homes are having a bit of a tough time. We’re keeping an eye on things to see if this buzz will spread to the rest of the market. Stay tuned for more updates!

Property of The Month

Featured this month is the newly listed 505 E 79th Street, Unit 7L—a sun-filled, classic Upper East Side 2-bedroom, 2-bathroom home that offers a south-facing balcony and the perfect blend of space, tranquility, and craftsmanship.

The residence boasts immaculate finishes and a top-tier chef’s kitchen equipped with a Sub-Zero refrigerator, Wolf oven, Miele dishwasher, and more. Additional features include hardwood floors, generous closet space, and two well-proportioned, split bedrooms that provide ideal privacy. The spacious living room flows seamlessly into the adjoining dining area, which opens onto the private balcony.

Located in the East River House, this home is ideally positioned near top public and private schools, Carl Schurz and John Jay Parks, the public library, and the post office. Everyday conveniences such as D'Agostino's, Duane Reade, Chase Bank, Starbucks, and Agata & Valentina Fine Foods are all just around the corner.

Reach out to us today to see this new listing or to ask about the possibilities for your own home.

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The Right Direction: How Compass Leads the Way with Private Exclusives

The Private Exclusive program was born out of Compass’s drive to offer smarter, more strategic options for sellers who value discretion. As the first brokerage to formalize this kind of private network at scale, Compass created a platform where off-market listings could be shared exclusively among our agents—offering sellers exposure without the pressure of a public launch. Today, the program is more powerful than ever, bolstered by the recent rollout of Compass One, which unifies agent tools and insights across the country. That means even more intelligent matchmaking between private listings and motivated buyers—regardless of zip code.

We’ve used this approach successfully for clients who wanted to build momentum early, and in many cases, it’s led to faster deals and stronger outcomes. If you're thinking of selling and want to explore your options quietly—but effectively—we’d be happy to show you how this strategy can work for you.

Al Fresco Favorites: The Best Outdoor Dining Spots in NYC

As spring settles in and the city begins to bloom, there’s no better time to dine outdoors. Whether you're looking for a covered terrace in Midtown or a quiet garden café uptown, New York has no shortage of al fresco gems. Below are our top picks for restaurants that pair sunshine—or spring showers—with sensational food.

1. La Grande Boucherie – Midtown

Located along the charming pedestrian walkway of 6½ Avenue, La Grande Boucherie brings Parisian flair to Midtown with one of the city’s most glamorous outdoor dining setups. Thanks to its ornate glass canopy, you can dine outside even on rainy spring days—surrounded by Belle Époque architecture, crisp white linens, and the aroma of French classics like steak frites and moules marinières.

2. Cecilia – East Village

If you end up wandering southeast, you might find yourself on the ever-evolving streets of the East Village, where small restaurants shift from charming to trendy to full-blown hotspots in the blink of an eye. Cecily is one of those rare places that balances all three. With rustic-chic design, seasonal plates, and tables spilling out onto a tree-lined stretch of 8th Street, it’s a must for brunch or a breezy evening out.

3. Via Carota – Greenwich Village

Still reigning as one of downtown's most beloved Italian trattorias, Via Carota delivers a classic West Village scene. Outdoor tables are often booked solid, and for good reason—the pasta is impeccable, the wine list curated, and the sidewalk seating is perfect for watching the neighborhood drift by.

4. Catch NYC – Meatpacking District

Trendy and always buzzing, Catch offers a rooftop dining experience that feels like a party in the sky. Perfect for seafood lovers and scene-seekers alike, it’s a go-to for weekend dinners or sunset cocktails with a view—just be sure to book early.

5. Avra Estiatorio – Midtown West

An elegant staple for power lunches and after-work dinners, Avra’s Midtown location offers white-tablecloth Greek dining with a sprawling, flower-lined patio. It's a rare blend of upscale and inviting—ideal for when you want to impress without feeling stuffy.

6. The Loeb Boathouse – Central Park

Tucked along the edge of the lake in Central Park, The Boathouse is a serene escape right in the heart of Manhattan. Outdoor tables overlook rowboats gliding through the water, with skyline views peeking through the trees. Whether it’s brunch, a special celebration, or a spontaneous park day, this iconic spot never disappoints.

7. Tasca NYC – Upper West Side

Blending Spanish and Latin flavors with warm hospitality, Tasca brings a touch of Mediterranean flair to the Upper West Side. Its elegant outdoor seating along Columbus Avenue is perfect for a sunny brunch or sultry date night, complete with tapas, paella, and a standout wine list. A neighborhood gem with international soul and the better paella than you’ll find in any tourist-trap resturant in Spain.

8. Brasserie Cognac – Upper East Side

Just steps from Central Park and Bloomingdale’s, Cognac is a classic French brasserie with a bustling sidewalk patio and timeless charm. The croque monsieur, escargot, and chilled rosé practically demand a long, lazy lunch under the awning. It’s equally perfect for post-shopping bites or people-watching on a lively Upper East afternoon.

9. The Cantor Roof Garden – The Met Fifth Avenue

Art and ambiance collide at the rooftop of The Met, where the Cantor Roof Garden offers light bites, cocktails, and unbeatable views of the Manhattan skyline. Surrounded by sculpture and sky, it’s a truly unique place to unwind after an afternoon exploring the museum. As far as outdoor dining experiences go, it’s pure New York magic.