Welcome to YRE

In NYC new developments, sponsors often shift transfer taxes to buyers. In a soft market, ask to negotiate them as part of your offer.

11 Hancock Place is a newly developed, Yield-Oriented asset currently trapped in an agonizing and destructive price-normalization phase.

Buying a NYC new development condo means sponsor contracts, offering plans, and 5%–6%+ closing costs. Here’s what buyers need to know.

2280 Frederick Douglass Blvd is an exceptionally durable, Hybrid postwar condo that operates as a highly functional internal market.

The REBNY Financial Statement summarizes your assets, liabilities, and income. Here’s a line-by-line guide to completing it correctly.

88 Morningside Avenue is an exceptionally durable, Hybrid (Core/Defensive) condop that operates as a highly functional internal market.

NYC condo offers aren’t binding until the contract is signed. A complete, well-prepared offer can help you stand out without overpaying.

Gateway Condominium (2098 Frederick Douglass Blvd) is a cyclical postwar conversion that rewarded early buyers but now punishes peak entrants.

Co-op buyers in NYC typically pay 1%–2% in closing costs vs. 3%–4%+ for condos due to the difference in legal structure.

111 Central Park North is a high-end, top-heavy postwar condo that rewarded early buyers but has been less forgiving for peak-cycle entrants.

NYC mortgage recording tax is 1.8%–1.925% on condo/house loans; co-ops are exempt. CEMA can help reduce the tax.

The Adeline (23 W 116th St) is a top-heavy, cyclical asset that rewarded 2014–15 sponsor buyers but now punishes mid-cycle entrants.

Post-closing liquidity is the cash and liquid assets left after closing. NYC co-op boards typically require 1–2 years of housing expenses in reserves.

Smithsonian Place (370 Lenox Avenue) is a 2024 conversion currently grinding through a highly bottlenecked sponsor price-discovery phase.

NYC co-op boards often require 20%+ down, 25%–30% debt-to-income, and 1–2 years of liquidity. Here's how to calculate what you can afford.

The Lenox Condominium is a top-heavy, cyclical asset that rewarded early buyers but has punished investors who entered near market peaks.

Buying a NYC co-op typically takes 2–3 months. Here’s the step-by-step process, from offer and financing to board approval and closing.

301 Cathedral Parkway is a fundamentally sound, Hybrid (Core/Defensive) postwar condominium that operates as a highly functional internal market.

Co-ops cost less but have stricter rules; condos offer more freedom at a higher price. Compare costs, boards, subletting, and resale in 2026.

1400 Fifth Avenue is a mature hybrid asset that created significant wealth for early buyers and is now transitioning toward a yield-oriented profile.

Buying near $1M–$5M in NYC? Learn how smart buyers navigate mansion tax cliffs legally and avoid costly mistakes or lost deals.

NYC buyer closing costs typically run 1.5%–6%, depending on property type and financing. See the full breakdown, from mansion tax to title insurance.

Circa Central Park (285 West 110 Street) is a top-heavy, Yield-Oriented new development currently trapped in a punishing sponsor price normalization phase.

Ellington On The Park is a deeply cyclical, Yield-Oriented postwar condop that currently traps late-stage buyers in catastrophic resale illiquidity.

NYC’s mansion tax has 8 brackets from 1%–3.9%. See the full 2026 table and how the “cliff effect” can cost $5,000 over $1.

NYC’s mansion tax is a 1%–3.9% buyer closing cost on homes $1M+. Here’s how it works in 2026 and why it applies beyond mansions.

PS90 (220 West 148 Street) is a deeply cyclical, Yield-Oriented post-war conversion that currently traps late-stage buyers in severe resale illiquidity.

Aurum Condominium (171 West 131st Street) is a Yield-Oriented new development currently trapped in a punishing sponsor price normalization phase.

The Rennie (2351 Adam Clayton Powell Blvd) is a Yield-Oriented new development currently trapped in a punishing sponsor price normalization phase.

Tesoro is an ultra-boutique, Core/Defensive postwar condo that offers an exceptional case study in market recovery and structural compounding.

The Ladea (300 West 122nd Street) is a yield-focused development facing sponsor price normalization and double-digit depreciation across tested lines.

1485 Fifth Avenue is a yield-focused asset with stable rental income but limited appreciation potential, favoring smaller units for income-focused investors.

The Bennett (736 West 187 Street) is a 55-unit postwar appreciation-driven condo that saw strong capital growth before entering the current market plateau.

255 Cabrini Boulevard is a 78-unit prewar hybrid condo that appreciated significantly over the past two decades before entering the current market plateau.

The Crillon Court (779 Riverside Drive) is a 92-unit prewar hybrid condo that saw strong appreciation before reaching today’s market plateau.

Edgecombe Parc is a 49-unit, 2014-built condominium currently operating as a high-friction, low-appreciation Yield-Oriented asset.

The Brittania (527 West 110 Street) is a 56-unit prewar hybrid condominium that doubled in value over two decades before entering the current market plateau.

545 West 110 Street is a 57-unit postwar hybrid condominium that has appreciated from its 2005–2007 baseline to approximately $1,500–$1,600 per square foot.

The Vandewater is a large-scale (183-unit) 2019 new development condominium operating as a high-friction Yield-Oriented asset.

The Nicholas is a boutique 12-unit postwar condo (built 2009) that operates as a highly efficient Hybrid asset.

Hamilton Parc is a 29-unit, 2006-built postwar condo operating as a Hybrid asset currently stalled by macro market headwinds.

Riverhouse is an Appreciation-Driven asset that serves as the gold standard for performance in Battery Park City, outperforming the sub-neighborhood by 51.8%. The building’s health is anchored by its 3BR segment, which captures elite rent efficiency ($110/SF) and maintains steady compounding appreciation. However, investors face significant "income leakage" in the rental market for smaller units and substanti liqaluidity risk in the 'B' stack and combination units, where marketing periods can exceed three years. Opportunity lies in high-floor 'D' and 'T' lines which command structural premiums, while risk is concentrated in lower-floor inventory prone to unit mix imbalance and resale volatility.

Hudson Tower is a high-depth Hybrid asset that serves as a core liquidity provider in Battery Park City, despite underperforming the sub-neighborhood by 12.3%. The building’s health is anchored by its 1-bedroom units, which capture steady rent efficiency (~$70/SF) but are prone to significant "income leakage" in specific stacks where vacancy can exceed 400 days. While the building demonstrates robust long-term compounding since 2002, investors face substantial liquidity risk in the 'A' and 'C' lines where marketing periods often exceed nine months. Opportunity lies in the fast-clearing 'H' and 'B' lines for yield, while risk is concentrated in lower-floor units prone to chronic market lag.