At the start of 2025, New York City’s residential market looked like it might spend the year on its heels.  Dealmaking slowed as buyers and sellers pulled back, spooked by President Donald Trump’s tariff threats and the economic uncertainty they promised to unleash. But by the end of the year, a different picture had come into focus, one where the city’s luxury market emerged as a powerhouse.  “2025 was a great year for New York,” said Compass’ Carl Gambino, who heads the Gambino Group, which has outposts in the city, the Hamptons, Los Angeles and Miami. “There was a kind […]

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