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The Starting Line... your 4-minute blast of all things NYC Real Estate and beyond:
📈 News no one wanted: Interest rates top 7% for the 1st time in nearly 2 years (and we might not be done!) ==>
👮 A former notorious prison on Chelsea's Westside is set to be converted to affordable housing ==>
NYC redesigns truck routes for the 1st time since the 1970's ==>
🏠 A late iconic feminist's UES brownstone will live on as a permanent place for gathering ==>
⚽ GOOOAALL!! - Soccer royalty Thierry Henry has listed his extraordinary Soho PH ==>
An ultra-rare East Village "country cottage in the sky" is being offered for sale ==>
🍻 Cheers! After a 7 yr closure one of Penn Station's beloved bars (yes, really!) has reopened ==>
🎬 Kips Bay community rallys to save a beloved movie theater ==> |
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| | | | 3 BD 4 BA 2,500 SF $2,395,000 |
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| | | | | | 2 BD 2 BA 1,448 SF $1,295,000 |
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| | | | 3 BD 2 BA 1170 SF $1,200,000 |
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| | | | | | Studio 1 BA 514 SF $7,250/mo |
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| The amount a solo renter needs to earn annually to comfortably afford a studio apartment in NYC according to the so-called "Carrie Bradshaw Index". The index ranks 100 major U.S. cities by whether the typical worker can afford a typical studio on their own. Unsuprisingly, NYC lands at the top of the unaffordable list.
Manhattan median rents hit $5,295 a month in July, a record high, up 6% compared with last July. While the typical studio payment in New York is $3,840 a month, according to the index, which assumes renters should spend no more than 30% of their income on housing.
Who is Carrie Bradshaw? Well, if you've been living under a rock (or Manolo Blahnik), she is the fictional heroine of Sex and the City, a New York columnist who lived solo in a spacious apartment, on what looked like a writer's paycheck |
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| Development in Focus: Linden Lane - 349 West 51st Street |
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Linden Lane is a distinctive collection of luxury condominium residences in the heart of Hell’s Kitchen. Designed around indoor-outdoor living, the development features light-filled one- to three-bedroom residences, duplexes, triplexes, and penthouses, with most homes offering private outdoor space.
At the center of the property is The Lane, a nearly block-long landscaped garden sanctuary designed by LaGuardia Design Group, creating a rare sense of privacy and connection to nature in Midtown Manhattan. Amenities include a fitness center, yoga and meditation studio, Humanscale-equipped coworking space with private Zoom Room, landscaped roof deck with outdoor kitchen, private storage, package room, and bicycle storage.
Residences currently available from $1,250,000. |
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| New York Dethrones San Fran as the Tech Champ |
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For the first time in CBRE's 13-year report, New York has surpassed San Francisco in terms of tech talent. NY's tech workforce reached 394,300 in 2025, compared to the Bay Area's 375,730. New York added 30,640 workers since 2022 while the Bay Area lost 23,900.
How did we get here? It's a combination of events, starting with Bay Area tech cuts, and New York's robust finance sector aggressively hiring tech and AI talent. What makes our set of circumstances unique is that 34% of our tech workers are in the tech industry itself, while 21% are in finance, insurance and real estate. In SF, 61% of tech talent works directly in tech. Our base is more diversified.
Of course, no conversation today is complete without discussing AI's impact. With several AI headquarters opening in NYC, that's certainly the case here. Specifically, EliseAI recently signed for about 109k sq feet at 401 Fifth Ave while Clay leased 163k sq feet at 11 Madison Ave. Not to be outdone, this summer, industry leader Anthropic leased 466k sq ft for its North American HQ in Hudson Sq. Colliers counted 800,000 square feet of AI-driven office demand in Manhattan in Q2 alone, more than all of 2025. |
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Ready to get started?
Expect MORE for your most valuable asset. |
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Private Exclusives may not be available in all markets, and availability is subject to change. Private Exclusives, inclusive of pre-marketing and listing strategies, are at the discretion of the seller. They are only visible to buyers and the Compass agents representing them in that market. Compass does not recommend one particular strategy or guarantee results. #1 in 2023 closed sales volume in the US per RealTrends. |
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Office: 646-982-0353 Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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