Japanese capital floods NYC multifamily market
Japanese investors are rapidly becoming the dominant foreign buyers in New York City real estate, and a lifeline for aging multifamily walk-ups. Japan-linked firms have acquired at least $2.1 billion worth of New York City property since the start of 2024, according to analysis by Okada & Company an
Housing lotteries frustrate landlords, tenants. Here’s how to fix them
A curious fact about New York City housing: Despite tremendous demand for below-market units, market-rate apartments can be filled a lot faster. Underpriced rentals typically sit vacant for four or five months. In a housing crisis, that is ridiculous. The reasons are what you’d expect. Various effor
The Upper East Side’s court-ordered market
Courtroom drama is once again spilling into the Upper East Side’s townhouse market. Earlier this week, an East 73rd Street home at the center of a bitter family dispute traded for roughly $10 million — a discount compared to its 2010 purchase price of $13 million. The sale followed a New York judge
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