Dana Schulz

Manhattan and Brooklyn rents have reached new highs as the cost of living continues to rise across New York City. A report from the Corcoran Group found that the median rent for market-rate residential buildings in Manhattan reached $5,295 per month at the start of summer, up 3 percent since May and 8 percent year over year. Across the East River, Brooklyn’s median rent for market-rate units reached $4,350 last month, an 8 percent annual increase. The continued surge reflects the city’s limited housing inventory, with Manhattan’s already-tight vacancy rate falling from 1.57 percent in May to 1.49 percent in June.

Airbnb plans to turn a New York City landmark into office space. The short-term rental company, which currently operates under very strict regulations in the five boroughs, paid $81.5 million for the six-story limestone building at 281 Park Avenue South. Known as the Church Missions House, the property was built in the 1890s for the Episcopal Church and most recently housed the Swedish photography museum Fotografiska, which closed its doors in 2024.

Plans to build an 11-story condominium in Harlem are moving ahead after the development team secured $45 million in construction financing this week. SCALE Lending, the debt financing arm of Slate Property Group, announced Tuesday that it issued the loan to Mass Development for the multifamily project at 264-272 West 135th Street. The ground-up building will feature studio to three-bedroom condos, half of which will include balconies, along with retail space, community facility, and resident amenities.

Gotham Organization, Fisher Brothers, and Mural Real Estate Group will turn an Intrepid Museum parking lot into 1,127 homes, including 338 affordable units.

Streetview of Second Avenue between East 125th and East 126th Streets © Google 2024

If you’re looking for a classic loft with 21st-century convenience, this corner condo at 285 Lafayette Street checks the boxes. Located at the border of Nolita and Soho, the one-time chocolate factory was among the neighborhood’s first full-service condominiums. Within, the two-bedroom loft, asking $9,745,000, has exposed original beams and columns, 10-foot ceilings, and oversized windows that frame unfettered views of Old Saint Patrick’s Cathedral. This historic frame adds a backdrop of simplicity for design flourishes like Venetian plaster, statement marble, and dramatic designer lighting.

A waterfront park, resort-style outdoor pool, and over 500 luxury apartments have arrived on the Gowanus Canal. Society Brooklyn is a new two-tower development bringing a unique kind of Brooklyn waterfront living to one of the borough’s most exciting neighborhoods. Current availabilities start at $3,321/month for a studio.

This 20-foot-wide 1920 brick townhouse at 445 West 44th Street is itself a bit of an oasis in busy Midtown. Set within the timeless architecture of a historic Hell’s Kitchen block, the renovated turnkey home, asking $6,500,000, has interiors that invite the light, but not the city grit, inside. Its 3,886 square feet of living space comes with 2,000 square feet of private outdoor space–including a glass-clad rooftop oasis.

The site of the historic Essex Street Market on the Lower East Side is slated to become a mixed-use development with 99 apartments. As one of the last remaining undeveloped parcels in the city’s decade-long Essex Crossing

Each year, New York City loses another piece of its history as beloved neighborhood establishments and longtime businesses close their doors, like