Dear Friends,
Cash is king in Manhattan. While high mortgage rates and other challenges are making many buyers in New York City more cautious—wealthy buyers are still very active.
A record 69% of all home sales were cash deals in Q2 2025 (according to a report from Miller Samuel and Douglas Elliman), and the rise in all-cash deals isn’t just about income. Buyers who pay in cash often have better access to liquidity and tend to refinance after closing, giving them more flexibility and a competitive edge over those who rely on mortgages.
Meanwhile, the rental market continues to soar. In July, Manhattan’s median rent hit a new high of $4,700—up 9.3% from last year. Bidding wars are also becoming more common, with nearly 29% of new leases seeing multiple offers—the highest level since early 2021.
Let's see what the Fall market brings...this begins NOW, just after Labor Day!
Real estate is a field where most business comes through people you know. If you or someone in your world is thinking about buying, selling, renting, or just curious about the market, I’d love to be a resource. I’m just a phone call and a few blocks away. Would love to hear from you. Enjoy your September!
Warm regards, Jane
CLIENT TESTIMONIAL "We were at a standstill. We had looked at various apartments using websites before we hired Jane, and we had gotten nowhere. Then, we partnered with Jane, and within two weeks, she found us the apartment we eventually rented. But the real skill of Jane is not just finding the apartment, but also helping us navigate all the things necessary to secure the apartment. Jane’s relationships, experience, and diligence are simply unparalleled. Without any doubt in our minds, we would not have gotten the apartment we are living in now without Jane. Anyone working with Jane can rest easy that you will both find the right apartment and be able to get it. We recommend Jane to anyone looking to navigate the complexity of finding and securing a great fit to live in. Thank you, Jane." —A & J   THE BOOMS AND BUSTS IN BILLIONAIRE'S ROW RESALE MARKET |
|  NYC RENTAL REPORT: MANHATTAN, BROOKLYN, QUEENS
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  BARBRA STEISAND'S FORMER UES HOME TOPS MANHATTAN LUXURY SALES |
|  JESSICA TISCH SELLS UES COOP FOR $10.5M |
|  CUOMO ATTACK MAMDANI X RENT STABILIZATION HIGHLIGHTS MISCONCEPTIONS |
|  COHEN TO SELL 623 FIFTH AVE. TO VORNADO FOR MASSIVE DISCOUNT |
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LISTING TO SIGNED CONTRACT in under 30 days! |
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400 East 54th Street, 5F  |
| 6 SQ FT  NYC BUYERS: PREWAR VS. NEW DEVELOPMENT | BRICK UNDERGROUND  4 WAYS TO TALK YOUR LANDLORD INTO LETTING YOU HAVE A PET |
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| M: 917.887.5309 | O: 212.439.5184 | |
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