In April, concerns about tariffs and a potential recession continued to weigh on buyers’ minds. Mortgage rates have remained relatively steady, hovering between the high 6s and low 7s since last November.

The New York City real estate market closed out 2024 on a high note, particularly in the luxury and new construction sectors, where demand is rising and supply is shrinking.

The NYC real estate market is operating with limited optimism.  Right before and after the rate cut, there was a rush of activities.

As an investor, you ask: should I put my money in real estate or the stock market? 

Citizen360—a modern take on quintessential Upper East Side living. At the forefront of innovative design, Citizen360 offers 82 naturally elegant residences with dynamic views of the East River and Midtown Manhattan.

One West End was also one of the last few new development projects to receive a tax abatement.