Highline Residential's Blog

On November 13, 2024, the New York City Council passed landmark legislation known as the "FARE Act," signaling a major shift in the rental landscape of one of the world's most competitive housing markets. In a 42-8 vote, the Council approved a measure that prohibits real estate agents representing landlords from charging prospective tena…

As 2024 kicks into gear, New York City's real estate market shows no signs of slowing down. While 2023 saw a flurry of exciting new developments launched, February presents a fresh start for potential buyers and renters. Across Manhattan, Brooklyn, and Queens, developers are unveiling stunning new luxury condominiums. These projects embo…

While a relatively inactive month in terms of notable new developments launched,New York City's real estate continued to thrive in November 2023 with the introduction of new luxury condominiums across various boroughs, including Manhattan, Brooklyn, and Queens. This month's developments, ranging from high-rise architectural marvels in Ma…

Headlined by the exclusive ultra-luxury 10 unit Giorgio Armani Residences and the 191 unit Monogram New York, September saw a series of new developments launch sales, primarily in Brooklyn and Manhattan. Neighborhoods with new inventory include Lenox Hill on the Upper East Side, Midtown East, Williamsburg, Greenpoint, Bushwick, and East …

Several new development condos launched sales as of August 2023. New inventory launched in several neighborhoods including Flushing, Bensonhurst, Prospect Park South, Long Island City, Williamsburg, and Harlem. A combination of boutique and high rise new developments launched, with the largest being the Longfield, a 392 unit luxury condo…

If you're looking for a new home in New York City, you'll discover that there are 20% fewer homes on the market this Spring than last. It feels like there are more buyers looking than there are properties to buy. And mortgage rates are increasing for the first time in some New Yorkers' memories! Yet mortgage rates are still relatively lo…

Your home should be a haven, but finding peace and serenity in the midst of an urban jungle can be incredibly challenging. After all, New York City may, indeed, be the greatest city in the world, but the city that never sleeps can sometimes be, well, exhausting. The good news, though, is that you can still reap the rewards of NYC-livi…

For many Millennials - especially those in a big city - apartment living or staying in a rental home is the norm. One recent survey found that 18% of Millennials want to rent forever. Homeownership used to be a major part of the American dream. But for this and future generations, it might seem like an impossible dream. Renting is of…

Owning a home can prove to be your largest source of wealth throughout your life. You are investing in yourself and your future! How do you prepare to have a positive and successful experience? 1. Get your finances in order. You will need to present your financial qualifications not only to a lender in order to get a mortgage loan, …

Deciding to finally purchase a home is a huge deal. Owning a home can open several financial doors that create plenty of opportunities. Perhaps even more important, it means you can do whatever you want - play music past 10 p.m., paint the walls a crazy color, or even walk around naked. Although all of these exciting things can incre…

Homeownership is one of life's grand journeys. As with all adventures, if you want to be successful, it's important to go into the action prepared. Here are a few tips to help new homeowners prepare for their first foray into the world of homeownership. Lay the Financial Groundwork Early You may have crunched the numbers and foun…

Millennials are now a driving force in the real estate market, making up the largest percentage of the home buying market at 38%. It's a smart move to market your home to them since many of them are starting families and fleeing to NYC suburbs. How can you woo -- and even better wow -- these millennial homebuyers? The first thing mill…

If you love city life, you may be considering permanently relocating to an urban area. This could mean finding a long-term rental agreement or it could involve making the leap by purchasing your own apartment. When you own your apartment, you have much more control over how you can impact your living space. You can tackle larger ren…

No doubt about it: Having a baby doesn't just change your life, it also changes the world. Not only does your heart grow about ten sizes bigger, but it seems like your life shrinks down to just your little one. That sense of holding the whole world in the palm of your hand when you hold your infant is one of the greatest joys of paren…

Buying a home is a smart idea. Not only is a house a great investment, but it will be a loving place for your family to create memories for years to come. But homeownership is more than just signing on the dotted line. There are many considerations that must be made before going forward, especially if this is the house that you plan …

You may find that coop apartments in NYC are less expensive than condos; and there are real reasons why. Simply, because coops often restrict subletting your apartment in some way, it makes it harder for investors to purchase coops to rent them out. But this can be beneficial for a buyer who is interested in living in a community in NYC,…

Nearly one third U.S. adults live with a roommate - and that doesn't include romantic partners or college-age students. The thing is, any experienced roomy is aware of the fact that platonic cohabitating doesn't look much like the carefree stereotypes created by sitcoms like How I Met Your Mother or New Girl. On the contrary, findin…

Our homes are often the places we spend the most time in - which means, for most students, it's the go-to place for studying. With that in mind, creating an optimal study space for yourself and the rest of your family can help reduce stress and help with productivity. If you're in need of creating a dedicated study space in your …

It doesn't matter if you're staging your home to sell, or you simply want to get the most out of your living space. It's easy to rework your existing set up to make your home feel more spacious. The best part is, you don't need to spend a fortune on home remodeling projects to get that roomier feel. Here are a few tips to help your ho…

It's impossible to avoid the talks about climate change and other environmental issues that are sweeping the globe right now. More than ever, people are drawing attention to serious problems our planet could be facing if changes aren't made on a global scale. While there's plenty of back-and-forth about whether individuals can make a…

When buying or selling a home, landscaping can be a major factor in the decision-making process. Depending on location, irrigation may be the only method of procuring the water necessary to properly engage in landscaping. Even more, understanding how irrigation impacts landscaping and what rights regarding water are extended to property …

Remember this chart from macroeconomics? The details don't matter. The key is the conclusion. When a tax is assessed, the buyer pays a higher price, the seller receives a lower revenue, both relative to equilibrium. Both the buyer and the seller end up incurring a portion of this cost, irrespective of who pays the government. What p…

One question I am often asked is "What type of apartment should I purchase, a co-op or a condo?" The answer is "It depends". It depends on you, your future plans and real estate goals. Questions you should consider are: Will you reside in the apartment or is it an investment? How long do you plan on staying there? If you move out, do …

Roughly 37 percent of the average American's budget is put toward their home. It's a lifelong investment that will take most people between 15 and 30 years to pay off. If the cost of homes in your target area is above your current budget, then you might want to consider purchasing a home that's in need of some work. Most people pay wi…

Yes, it's true. New York State has instituted increases to the New York State Transfer Tax as well as the "Mansion Tax." First, let's remember that these increases are a much-needed revenue-raising mechanism for the Metropolitan Transportation Authority. Second, legislators originally considered a pied-a-terre tax, which would have affec…

If you are thinking about making some changes around the house, consider renovations that will help increase the resale value of your home. Even if you're not looking to sell right away, certain home improvements can still be worth the effort. Small changes over time are more manageable than doing a complete overhaul right before you put…

A common misconception that runs rampant in the housing industry is that property maintenance is an affair reserved for landlords. As a result, we have seen many instances where a landlord complains that a tenant has left a trail of destruction in the house and is not willing to offer compensation. Although the security deposit fee is se…

One of the biggest trends you hear about today is getting into the gig economy. Having a side hustle can be a great opportunity, but another trend for making extra money is to sell old household items through the second-hand economy. Participating in the second-hand economy has numerous benefits. Besides turning your old stuff into cash,…

Congratulations - you're about to move into your new home! However, there is a critical step before moving in completely: you have to make sure that it is thoroughly cleaned. Even if it has been given a full cleaning before the sale, you should still take care to get your new home sparkling before you move in, as this will calm your emot…

There are many joys to running a home-based business, from setting your own hours to being able to work in your pajamas. Thanks, in part, to the recent rise of the gig economy, more and more people are launching their own businesses and enjoying the freedoms of freelancing from home. Of course, as your home-based business grows, it may r…

Tips for Buying a Fixer-Upper Home Whether you’re looking for your next residence or hoping to turn a tidy profit, a fixer-upper home might be perfect for you. Buying a fixer-upper is often one way to get more house than you might otherwise be able to afford. For an investor, a fixer-upper can often generate quite a profit. The tr…

People choose to start their own, home-based business for many reasons. Many times, people who have lost a loved one need a fresh beginning, and feel that creating their own company is a good place to start - and, often, they create a venture that honors their loved one's memory. Regardless of your reasons for launching one, there …

Preparing a home to put it on the market can be overwhelming if you don't have a good plan, and for many families, it's tough to find the time to get everything taken care of. When you're a busy parent, it can also be difficult to make sure your house stays clean and organized while it's on the market. Fortunately, there are several simp…

Now that your home is listed for sale, it seems as though you have a to-do list a mile long, and preparing for an open house is one of them. An open house gives buyers a glimpse into what their life would look like should they decide to purchase your home. This will be their first impression, and there won't be a do-over. Real estate age…

Buying a home is one of the most important and expensive purchases you will ever make, but that doesn't mean you can't save some money during the process. Smart house hunters can consider these tips to help pay for a home and still be prudent with their pocket book. Read on to find out how. Put Twenty Percent Down When you borrow i…

Some people from out of state may imagine New York City real estate only thriving in the heart of the city, however, in 2016, the market heated up considerably in the suburbs. New buyers are making their way to the more spacious commuter neighborhoods as the sudden surge of activity is having a significant impact on available home i…

New York City faces a mixed bag of current markers in the world of residential and commercial construction activity. In some ways, it's good news that the rate of cost increases is slowing. But costs are up once again throughout the city's five boroughs. If that's no surprise to you, the good news may be that the 2016 rate of increase wa…

Over the past five years, we have made our way through a housing recovery which has seen prices rise to and above 2007 levels and financing requirements loosening up to allow more and more buyers to enter the market. But as buyers enter the market today, they may find themselves in the unenviable position of having to compete with…

If you are like the average budget conscious professional in New York, you probably don't want to spend your entire life on the subway, and you probably don't want to spend an arm and a leg on your apartment. Most professionals in New York commute to the two central office hubs of the city, Midtown and the Financial District. If you ar…

Brooklyn Development Spotlight A common view in Brooklyn is one with multiple cranes and buildings being constructed. Where is the most development activity occurring today and where may we see activity occur moving forward? Zip Code Neighborhood Buildings Breaking Ground in 2015 11221 Bushwick/Bed-Stuy 83…

The real estate market in New York is scorching hot. Bidding wars are aplenty and buyers are lining up to buy properties, usually above asking price. If you are considering buying, you may be asking yourself whether to buy now or wait. Looking at how the market is behaving, some people may be reminded of the bubble that was forming in th…