#manhattan-real-estate

#manhattan-real-estate

Staring across the Hudson, the young architect imagined a helicopter lifting a trailer from a dinky New Jersey development and placing it on top of a building somewhere in Manhattan. "It was a fantasy," he tells me, "but it was kind of a crystallization of the way I wanted to live in New York." It was the late 1980s. Tesoro was more than a decade out of architecture school and had been running his own firm for a few years.

Something strange was going on outside 38 Prince Street on Friday. We got a tip that a U-Haul was parked on the block around 2:30 that afternoon and that movers were carrying Aeron chairs and a Hästens mattress out of the federal-style townhouse where, according to Manhattan criminal court records, an Italian businessman had been held captive and tortured by two men looking to get the passwords to his crypto wallets.

Sales closed at a greater clip than listings hit the market, marking the third consecutive quarter where transactions outpaced inventory. It's not blazing, but the market is slowly getting faster, said report author Jonathan Miller. Buyers and sellers notched 3,100 deals in the third quarter, marking a 13 percent uptick from the same period last year. During the same time frame, the number of active listings rose 7 percent from roughly 7,200 to 7,700.

For under a million dollars, one can find all sorts of housing configurations: park- and subway-adjacent studios, one-bedrooms hidden in carriage houses or former shoe factories, and even the occasional true two-bedroom. We're combing the market for particularly spacious, nicely renovated, or otherwise worth-a-look apartments at various six-digit price points. This week, we've got a converted studio on the Upper East Side with a wall of oversize windows and a one-bedroom across the street from Prospect Park with a deeded parking spot.