Brokers say NY bill revealing LLC owners to the public would chill sales

… invasive and would deter luxury and international buyers from buying in New York City  The pending legislation is called … the state law is too broad and would encourage wouldbe NYC buyers to look elsewhere Nikki Field a broker at  Sothebys …

By Jennifer White Karp |December 5, 2023 - 10:00AM
They're back: NYC buyers can expect more competition from foreign investors in 2023

… you can expect to face increased competition from foreign buyers in the new year brokers tell Brick But many may be … foreign clients says deals involving international buyers ground to halt in 2022 That discrepancy could be chalked up to a matter of timing since buyers work with their brokers first then with their lawyers …

By Jennifer White Karp |January 3, 2023 - 11:30AM
New money and suburban-style living: A look at what's fueling the fever for NYC luxury penthouses

… listings cutthroat bidding wars and trophy property flips Buyers are still drawn to the cachet of these unique … today appears to be fueled by different factors Some buyers are drawn to penthouses after stints in the suburbs … demand is primarily coming from international piedàterre buyersthats only part of the story International buyers are …

By Jennifer White Karp |April 6, 2022 - 12:30PM
Is now the right time to sell in NYC? Brokers sound off on six scenarios

… spring of 2022 promises the full return of  international buyers  and more office openings which could drive prices … with schoolage children list their propertiesand look to buy somewhere else but some brokers say that sort of … home potential theres no need to delaythere are plenty of buyers scouring limited listings and you may sell well over …

By Emily Myers |November 2, 2021 - 9:30AM
Has the pandemic changed what is a trophy property in NYC?

… Are highend buyers more interested in the privacy they can get with a … New York City sales market prepares to welcome back foreign buyers  November 8th Thats when international travelers who … the pandemic shifted preferences at least for some luxury buyers toward brownstones Some owners who gave up their NYC …

By Jennifer White Karp |October 27, 2021 - 1:30PM
NYC sales are booming mostly without foreign buyers. What happens when they return?

… Sales are booming in New York City even as international buyers have been mostly absent from the real estate market … the marketbut a lack of listings is a problem International buyers have been a major missing puzzle piece This group has … and foreign investment has driven up prices But these buyers dried up to a small trickle during the pandemic …

By Jennifer White Karp |October 18, 2021 - 9:30AM
Newly comfortable with online tours, some buyers make offers on condos sight unseen

… an apartment through 3D videos or Facetime toursbut most buyersunless they were investorswould not make a move After all what buyer would be comfortable paying NYC prices for an … Covid safety rules of coursewhat incentive is there for a buyer to buy an apartment sight unseen Turns out after a …

By Jennifer White Karp |April 1, 2021 - 1:30PM