Wealthy buyers splurged on Manhattan condos in Q2

July 5, 2025 / no comments

Manhattan’s super-rich were on the prowl for luxury condos last quarter. More buyers closed deals on condos in the borough for $10 million or more in the second quarter, which logged a 67 percent increase compared to the same period last year, according to Compass’ quarterly report.  The uptick coincided with a year-over-year boost in […]

This article originally appeared on The Real Deal. Click here to read the full story.

Rent Guidelines Board vote leaves everyone bothered, Mark Nussbaum looks to pay creditors

July 5, 2025 / no comments

The future of rent-stabilized units was at the heart of Zohran Mamdani’s ultimately successful bid for the Democratic nomination for New York City mayor, but the issue came into the present this week.  The Rent Guidelines Board approved a 3 percent rent increase for one-year leases and 4.5 percent for two-year leases in rent-stabilized units, […]

This article originally appeared on The Real Deal. Click here to read the full story.