Cash is king in Manhattan. What about other boroughs?
The conventional wisdom in New York City real estate is that cash is king. At the high end of the market, as deals climb into eight- and nine-figure numbers, more buyers have been foregoing financing. Since the start of 2025, 60 percent of sales in Manhattan were all cash, the highest share of all the boroughs, according to Property Shark’s latest report. But the outer boroughs are a different story. Staten Island had the largest share of financed deals, with 77 percent of sales including a mortgage. In the Bronx, 60 percent of home sales were backed by loans, and […]
This article originally appeared on The Real Deal. Click here to read the full story.
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