Manhattan’s luxury residential market continued its upward momentum in Q3 2025, driven by cash buyers and a select group of high-profile developments. Projects like the Flatiron Building conversion, 800 Fifth Avenue, and 80 Clarkson Street are redefining design and exclusivity, even as new construction slows across the city.

Deciding between a co-op or suburban house in 2030? Discover the pros and cons of NYC co-op living versus suburban homes.

Luxury co-ops and condos in NYC are facing rising costs and stricter regulations in 2025. Local Law 97 fines are now in effect, operating expenses are climbing, and banks are tightening lending standards. Buyers and sellers alike need to navigate compliance requirements, reserve levels, and transparency to protect value in today’s market.

As the political landscape evolves, tax policies from the incoming Trump administration, particularly around the State and Local Tax...