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Follow us on social media for your Manhattan real estate, food & lifestyle news |
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JULY 2026 MANHATTAN MONTHLY TAKE |
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July has ushered in a new chapter for New York City real estate. With the new mayor pushing through major housing initiatives—including a freeze on rent-stabilized apartment increases and a new pied-à-terre tax—our buyers, sellers, investors, and homeowners are asking us and watching closely to understand what these changes could mean for the market.
While many of these proposals will take time to unfold, one thing remains constant: Manhattan real estate has consistently demonstrated resilience through changing political and economic cycles, and we are very happy to report that the market remains strong year over year. In fact, we participated in a bidding war just this past week and are in the process of listing 2 luxury homes just off Madison Avenue!
As always, we will continue to monitor developments, separate headlines from reality, and keep you informed about what truly matters for residential property owners and buyers.
Happy 4th🎆!! |
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Want to learn more about the market? |
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Read on and get our July Take: |
| ✦ New Development: 30 East 68th Street (809 Madison Avenue) ✦ Food News: New Restaurant Openings Out East⛱️ ✦ Celeb Real Estate Buzz ✦ NYC Home & Lifestyle Trends: At Home Cafe & Creamery
Let’s talk soon, Stacey and Julie |
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| ✦ Built 1925 by Franklin B. Ware & Arthur L. Ware ✦Developer: Macklowe in Partnership with SK Development ✦ Designer redevelopment: Robert A.M. Stern Architects ✦ Architect of Record: SLCE Architects ✦ 15-story luxury condo conversion ✦ Boutique collection of full-floor residences, approximately 4,000 SF ✦ Penthouse residence with a 1500 SF private terrace ✦ Ultra-luxury with expansive layouts and high-end finishes ✦ Amenities include a 24-hour attended lobby, private storage, laundry room, and laundry in every apartment. ✦ Sales are expected to launch in 2026 ✦ Estimated completion: Q4 2027 |
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New Restaurant Openings Out East⛱️ |
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| | ✦Babe's: This brand new old school All-American 6 seat diner in Sag is becoming the "It" spot of the Hamptons. Classics like egg & cheese sandwiches, fluffy pancakes and homemade milkshakes truly hit the spot! Look out for the July 5th collab with our friends from Barney Greengrass! 51 Division Street (btwn Rector and Cross Street)
✦ Maison Close: A new French-inspired brasserie serving classic French cuisine and fresh seafood in a glamorous, Parisian cabaret-style setting in the Capri Hotel. Led by Chef Georges Forgeois, the restaurant blends fine dining with live entertainment and a vibrant nightlife. 281 County Road 39A (by the Southampton Bypass)
✦ Zagara: Coastal Italian cuisine is served up in the old Baron's Cove spot in Sag Harbor, featuring Amalfi-inspired fresh seafood with seasonal ingredients. The sea bass tartare and lemon risotto are among our favs! 31 West Water Street (corner of Long Island Avenue and West Water Street) |
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| Celeb Real Estate Rundown |
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✦ Ben Simmons RELISTED at 30 Front Street for $14.995M: the NBA All-Star is making a second attempt to sell his trophy residence. The 5-bed, 5-bath, 2-half-bath ~5,200-SF condo features a private rooftop terrace, plunge pool, outdoor kitchen, and sweeping Manhattan skyline views. 30 Front Street (btwn York and Washington Street)
✦ Kaia Gerber SOLD at 72 Mercer Street for $6M: the model and actress parted ways with the stylish downtown residence. The 2-bed, 2.5-bath, ~2,000-SF loft boasts soaring ceilings, oversized windows, and chic contemporary interiors in the heart of Tribeca. 72 Mercer Street (btwn Broome and Spring Street)
✦ Daniel Craig & Rachel Weisz SOLD at 22 Strong Place for $11.8M: The 6-bed, 5.5-bath, 6,600-SF landmarked Cobble Hill brownstone features 14-foot ceilings, custom millwork, a roof deck, and a lush backyard. 22 Strong Place (btwn Kane and Degraw Street) |
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Who needs to go out for coffee and ice cream when we can make our own high-quality, healthy, and delicious versions at home!
✦ Krups: Delivers precise, consistent grinding and multiple settings for every coffee style. It also features a cup selector and auto-stop. $49.99 on AMAZON
✦ Breville Milk Café frother: Creates rich and foamy milk for lattes, cappuccinos, and hot chocolate with precise temperature control. $199.95 on AMAZON
✦ The Ninja Creami: A 7-in-1 ice cream maker that transforms frozen ingredients into creamy ice cream, sorbet, and milkshakes. $229.99 on AMAZON |
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How is the Luxury Market YTD? Residential Properties In Contract $4MM and above |
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Which Kanbar Kopel Team Listing is your Favorite? |
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Featured Coming Soon Listing |
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| | 5 BD | 5 BA | $4,995,000 | Active |
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| | 2 BD | 5 BA | $4,295,000 | Active |
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| 203 East 72nd Street, Apt. 16D |
| 5 BD | 2 BA | $1,999,000 | In Contract |
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| 203 East 72nd Street, Apt. 22A |
| 2 BD | 2 BA | $1,995,000 | In Contract |
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| 135 West 4th Street, Apt. 2W |
| 2 BD | 2 BA | $2,550,000 | Sold |
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| | | 35 East 85th Street, Apt. 2AN |
| Alcove | 1 BA | $529,000 | Sold |
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| | 2 BD | 2 BA | $7,995 | Rented |
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| | 3 BD | 4 BA | $6,200,000 | Sold |
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| | | | 2 BD | 2 BA | $4,650,000 | Sold |
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| | 4 BD | 4 BA | $4,500,000 | Sold |
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| | | | 2 BD | 3 BA | $4,250,000 | Sold |
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| | 2 BD | 3 BA | $3,700,000 | Sold |
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| | | | 3 BD | 2 BA | $2,600,000 | Sold |
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| | | 3 BD | 3 BA | $2,395,000 | Sold |
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| | | | 2 BD | 3 BA | $2,195,000 | Sold |
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| | 2 BD | 2 BA | $1,695,000 | Sold |
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| | | | 2 BD | 2 BA | $1,525,000 | Sold |
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| | 2 BD | 2 BA | $1,395,000 | Sold |
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| | | | 3 BD | 2 BA | $1,350,000 | Sold |
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| | 1 BD | 1 BA | $749,000 | Sold |
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| | | | 1 BD | 1 BA | $535,000 | Sold |
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| | 6 BD | 12 BA | $16,000,000 | Sold |
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| | 8 BD | 10 BA | $12,000,000 | Sold |
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| | | | 4 BD | 5 BA | $4,999,999 | Sold |
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| | 3 BD | 4 BA | $4,375,000 | Sold |
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| | | | 3 BD | 4 BA | $4,300,000 | Sold |
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| | 4 BD | 4 BA | $4,250,000 | Sold |
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| | | | 4 BD | 4 BA | $3,712,500 | Sold |
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| | 3 BD | 3 BA | $2,500,000 | Sold |
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| | | | 2 BD | 2 BA | $2,475,000 | Sold |
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| | 3 BD | 3 BA | $2,395,000 | Sold |
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| | | | 2 BD | 2 BA | $2,275,000 | Sold |
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| | 1 BD | 1 BA | $1,900,000 | Sold |
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| | | | 2 BD | 2 BA | $1,850,000 | Sold |
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| | 3 BD | 2 BA | $1,400,000 | Sold |
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| | | | 2 BD | 3 BA | $1,325,000 | Sold |
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| | 2 BD | 2 BA | $1,300,000 | Sold |
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| | | | 1 BD | 1 BA | $499,000 | Sold |
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Want to see more listings? |
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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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