One Year Later, Renters Are ‘Frantic’ To Return To NYC...

[C.]

Originally Posted by dc_denizen

Congrats !

Thanks. Come January, I'm moving to another city with a streetcar system.
Funny thing is, I currently live by the truncated Atlanta streetcar. I must have been one of five people that used it as part of my work commute pre-pandemic. I sometimes would walk, but the interstate overpass really killed any kind of connectivity between Sweet Auburn and downtown.

[Crawford]

An apartment in my building just sold for nearly 200k over asking (Park Slope, near Grand Army Plaza and Prospect Park). Of course that's just one sale, but suggests a pretty strong for-sale market.

It's a family building, and a large, family sized unit, so the buyers likely have children, and in a neighborhood where most parents send their kids to urban public schools, also contradicting one of the pandemic-era narratives. Granted, there are plenty of local private schools too.

[mrnyc]

we have been in the hunt and just bought a condo last week for over the ask, so can confirm its a hopping market. we are waiting on them to sign the contract actually -- today or tomorrow supposedly.

[Crawford]

Wow, congrats! We're in a two bedroom, and looking for a three bedroom. Not much inventory, at least for family-sized units.