Secrets to Selling Your Apartment in 2025

Trends to Watch in 2025

Since my last update, I attended CREFC in Miami, the leading conference for real estate finance. I had the opportunity to connect with top lenders, title insurance providers, developers, and other industry professionals who are shaping the market. If you’re looking for financing options, investment opportunities, or insights into where the market is heading, I’d love to connect you with my extended network.

Excited to share that I recently helped a client win a bidding war and close on a multi-family home in Astoria! The NYC market remains competitive, and here’s what I’m seeing:

? Brooklyn and Queens are emerging as key rental markets, with slower rent growth compared to Manhattan, where rents are accelerating.

? With rising rental prices, now is an ideal time to invest in a multi-family property—build equity, lock in fixed costs and generate premium rental income to offset expenses.

If you're thinking about buying, selling, or investing in NYC or South Florida, let’s discuss how I can help you navigate the market and achieve your goals.

Demystifying Cash Buyers in NYC ????

Think cash buyers in NYC are all ultra-wealthy investors? Think again.

?? Most cash buyers aren’t buying luxury homes – The most common price range for cash purchases is $500K–$750K, well below the citywide median of $1.1M. Meanwhile, mortgage buyers are more likely to target higher-priced properties.

?? They’re not house flippers or pied-à-terre seekers – 64% of cash buyers plan to use their next home as a primary residence, while only 2% are buying a vacation home.

?? Not all cash buyers have trust funds – While some do, 51% saved over time to buy without a mortgage, and 68% won’t receive parental help, compared to 49% of mortgage buyers.

NYC’s buyer trends are changing—what else are you curious about? Let’s discuss in the comments! ??

?? Read the full StreetEasy 2024 Buyer Trend Report here: Trend Report

NYC’s buyer trends are shifting—what insights would help you navigate the market? Let’s connect!

Discover Astoria: Food, Culture & More

Astoria is one of NYC’s most vibrant neighborhoods, offering an incredible mix of top-tier dining, arts and entertainment. Whether you're looking for a new favorite restaurant, a fun night out or a cultural experience, here’s a guide to the best spots in and around the area.

??? Where to Eat & Drink

• Taverna Kyclades – A staple for Greek cuisine, famous for fresh seafood and grilled octopus.
• The Bonnie – A stylish gastropub serving craft cocktails and creative small plates.
• Chateau le Woof – Enjoy coffee and pastries at this pet-friendly café.
• Arepas Café – A must-visit for Venezuelan arepas filled with flavorful ingredients.
• Rocco’s of Roc Beach – A go-to for NYC-style pizza and classic Italian dishes.
• Sami’s Kebab House – A hidden gem for authentic Afghan kebabs and rice dishes.
• Sugar Freak – A lively Cajun-Creole spot known for its gumbo and jambalaya.
• Il Bambino – Cozy eatery specializing in gourmet panini and crostini.
• Milkflower – Trendy wood-fired pizzeria serving creative pies and craft beers.

?? Culture & Entertainment

• Museum of the Moving Image – A must-see for film and television lovers.
• Socrates Sculpture Park – An outdoor art space with skyline views.
• Kaufman Astoria Studios – Home to TV and film productions, including Sesame Street.
• Astoria Performing Arts Center (APAC) – Local theater with standout performances.
• Bohemian Hall & Beer Garden – NYC’s oldest beer garden, featuring live music and traditional Czech food.

?? Nightlife Hotspots

• Sek’end Sun – Trendy bar with craft cocktails and a lively outdoor patio.
• The Ditty – Laid-back spot known for creative drinks and a friendly vibe.
• Sweet Afton – A whiskey lover’s paradise with gourmet bar bites.
• Dominie’s Hoek – Artsy, cozy bar with live music.
• Diamond Dogs – Speakeasy-style cocktail bar with an intimate feel.

?? Getting Around Astoria

• Subway: The N & W lines provide quick access to Manhattan and Queens.
• Ferry: The NYC Ferry Astoria route offers scenic rides to Midtown & Wall Street.
• Bus: Multiple MTA bus routes connect Astoria to surrounding neighborhoods.

Astoria is an incredible place to live, invest, or simply explore. Looking for real estate opportunities in the area? Let’s connect!

Palm Beach Market Insights – 4Q 2024

Palm Beach continues to prove its resilience, with strong price growth and a surge in ultra-luxury sales to close out the year. As buyer demand remains high, expanding inventory across the Coastal Palm Beaches and Barrier Islands presents new opportunities for those looking to invest in this coveted market.

?? Key Highlights:

• Palm Beach condo/co-op prices soared 74% to a median of $1.2M, driven by high-end sales.
• Single-family home values jumped 38%, reinforcing demand for luxury properties.
• Inventory rose 35% for condos/co-ops, creating more options for buyers.
• Single-family sales from Hypoluxo Island to Highland Beach surged 29% annually.
• Townhome availability increased 45%, offering new opportunities in the market.

“Consumer sentiment toward the housing market finished 2024 substantially above year-ago levels, attributable in part to respondents’ ongoing expectations that mortgage rates will decline.” — Mark Palim, Fannie Mae SVP and Chief Economist

Whether you're buying, selling, or just staying informed, understanding these trends is key. Let’s connect to discuss what this means for you!

?? Read the full report here and reach out with any questions!

?? Secrets of Selling in 2025

Selling in today’s market requires strategy, adaptability, and a keen understanding of buyer trends. With shifting dynamics in both the luxury and co-op markets, sellers should take note of key strategies for success:

• Presentation Matters: Buyers are increasingly discerning, especially in the co-op market, where well-staged, move-in-ready homes are commanding top dollar.
• Pricing Smartly: As noted in the WSJ’s latest report, pricing realistically—rather than aspirationally—is crucial to capturing serious buyers.
• Financing Flexibility: With interest rates still fluctuating, cash buyers have an edge, but sellers who understand mortgage trends can better position their properties to attract well-qualified buyers.
• Market Exposure: Targeted marketing, digital reach, and leveraging personal networks can make all the difference in getting the right eyes on a property.

Thinking about selling in 2025? Let’s strategize the best approach to maximize your property’s value.

Reach out to discuss your next move!