Record Wall Street bonuses could mean a luxury buying spree in NYC
Wall Street bonuses just hit a new high — and New York’s real estate market could cash in. The latest estimates from State Comptroller Thomas DiNapoli peg the bonus pool at nearly $50 billion, with average payouts approaching $250,000 — the highest in at least three decades. Those numbers come after profits in the sector rose to more than $65 billion, compared to just under $50 billion the previous year. The Wall Street windfall comes after Manhattan’s luxury market ended 2025 on a high note, despite fears that the city’s mayoral election in November would chill activity. That momentum appears […]
This article originally appeared on The Real Deal. Click here to read the full story.
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