Manhattan Real Estate Market Update: March 24, 2025

Markets hate uncertainty, but it seems we've had nothing but uncertainty over the last few years. Is uncertainty the new norm?

Bill HerbstMarch 30, 2025#manhattanrealESTATE, #nycrealestate, #nyc realestatebroker, #nycrealestateagent, #realestatemarket, #manhattan, #compass, #compassny

Why Don't More Buyers Make Offers?

A client once asked me a very good question: "Why don't more buyers make offers on homes they think are overpriced?"

Bill HerbstMarch 19, 2025#nycrealtor, #nycrealestateagent, #nycrealestate, #nycrealestatebroker, #below23rdstreet, #compassny, #compass, #manhattanrealestate, #brooklynrealestate

Our Client Experience Just Got Even Better

Meet Compass One, our cutting-edge client dashboard for buyers and sellers.

Bill HerbstMarch 12, 2025#compass, #compassny, #nycrealestate, #manhattanrealestate, #nycrealestateagent, #nycrealestatebroker, #brooklynrealestate

How Long Does It Take to Get a Real Estate Contract Signed in New York City?

At least ten days. That's generally the time required for the buyer's attorney to perform "due diligence." The purpose is to protect the buyer by making sure that there are no issues with the apartment or the building.

Bill HerbstMarch 5, 2025#nycrealestate, #nycrealestatebroker, #nycrealestateagent, #compassny, #compass, #manhattanrealestate, #below23rdstreet, #gilmartinherbstteam, #brroklynrealestate

Gnocchi on 9th Opens in Greenwich Village

The original location of Gnocchi on 9th, on East 9th St., became a social media sensation for its simple, affordable, and photogenic concept: a Chinese takeout-stye container filled with tasty gnocchi, a sauce, and maybe a burrata.

Bill HerbstMarch 5, 2025#gnocchion9th, #nycfood, #nycfoodie, #nycrealestatebroker, #nycrealestateagent, #nycrealestate, #below23rdstreet

There Aren't Enough Homes for Sale in NYC

Tuesday morning at our jam-packed Compass HQ sales meeting, one of the managers, Alex, asked who was working with buyers and having trouble finding enough active listings to show them. Over half the agents in the room raised their hands.

Bill HerbstFebruary 19, 2025#compass, #compassnyc, #nycrealestate, #nycrealestateagent, #nycrealestatebroker, #below23rdstreet, #selling a home, #buying a home, #manhattanrealestate, #brooklynrealestate

VIDEO: My Senior Seminar

I recently hosted a seminar covering services to help senior citizens take their next steps in life. Here’s the video.

Bill HerbstFebruary 6, 2025#nycrealestate, #nycrealestatebroker, #nycrealestateagent, #compassny, #compassplus, #seniorliving, #servicesforseniors

Don't Even Think About Renovating Your Co-op or Condo Until You've Read This

While the results are usually worth it, renovating a co-op or condo apartment can be an expensive, frustrating, and daunting undertaking. Don't worry. I've got you.

Bill HerbstJanuary 29, 2025#nycrealestate, #nycrealestateagent, #nycrealestatebroker, #renovation, #renovaing a co-op, #renovating a condo, #renovating in NYC, #manhattan real estate, #brooklyn real estate

What Can We Expect for the NYC Real Estate Market?

This can be a frustrating time of year for homebuyers in Manhattan and Brooklyn. But...I'm sensing a brighter horizon.

Bill HerbstJanuary 29, 2025#nycrealestate, #nycrealestatebroker, #nycrealestatemarket, #nycrealestateagent, #manhattanrealestate, #brooklynrealestate, #compassny, #compassComment

Real Estate Agents are Cut Throats Who Stab Each Other in the Back

That's the common perception anyway, thanks to a few bad apples - and reality television. The real reality, at least the way I practice it, is very different.

Bill HerbstJanuary 9, 2025#nycrealestate, #nycrealerstateagent, #nycrealestatebroker, #manhattanrealestate, #gilmartinherbstteam, #compassny, #compass, #MDLNY

A Free Seminar for Issues Around Aging

Next Tues., Jan. 14, 2025 from 5:30-7:00 PM, we’ll introduce you to resources to help you, your parents, a friend, or someone else you know and care about prepare for the next step, whatever that may be.

Bill HerbstJanuary 9, 2025#nycrealestate, #nycrealestateagent, #nycrealestate #nycrealestatebroker, #seniorliving, #compassplus, #seniorliving., #movemyparents, #eldercare

NEW! Our Q4 Manhattan Market Report

Here's some welcome news. Manhattan's real estate market wrapped up Q4 2024 on a positive note.

Bill HerbstJanuary 9, 2025#nycrealestate, #manhattanrealestate, #nycrealestatebroker, #nycrealerstateagent, #compass, #compassny, #below23rdstreet, #gilmartinherbstteam, #realestatemarket, #market report

Buyers' Broker Compensation Agreements Will Be Required in NYC

As of Jan. 13, 2025, agents will be required to use buyer's broker compensation agreements by REBNY, the Real Estate Board of New York.

Bill HerbstNovember 22, 2024#nycrealestate, #nycrealestatebroker, #buyers agent agreement, #nycrealestateagent, #compass, #compassnyc, #gilmartinherbstteam, #manhattan reale state, #manhattan real estate, #brooklyn real estate

Why Should Co-ops Sell for Less Than Condos?

Co-ops make up about 70% of the inventory in New York City. In certain neighborhoods like Greenwich Village, it's over 90%. Yet co-ops generally sell for about 20-25% less than condos. How can co-ops close the gap?

Bill HerbstSeptember 30, 2024#coop, #nycrealestate, #Manhattan Real Estate, #nycrelestatebroker, # coops vs condos, #nyc real estate agent, #compassny, #compass

Can I Recycle a Pizza Box?

You know that feeling of standing in front of your building's recycling bins, baffled about what goes where? We figured if we had questions you did too, so we did some research.

Bill HerbstAugust 21, 2024#recycle, #nycrealestate, #recycling, #gilmartinherbstteam #compass #compassny #billherbst @nycrealestate #nycrealestateagent, #manhattan real estate, #compass, #compass ny

Why We Hired a Broker to Sell Our Vacation Home

After 27 years, we're selling our beautiful house in Fire Island Pines. Or, to be more specific, we have hired a local broker to sell it.

Bill HerbstJune 19, 2024#realestate, #nycrealestate, #fireislandpines, #fireislandpinesrealestate, #fireislandpineshomes, #nycrealestatebroker', #nycrealestateagent, #compass, #compassny, #bewlow23rdstreetComment

How Much is a Renovated Home Worth to a Buyer?

Buyers are willing to pay more for renovated homes, but not as much as they were a couple of years ago.

Bill HerbstMay 29, 2024#realestate, #nycrealestate, #compass, #compassny, #nycrealestateagent, #nycrealestatebroker, #gilmartinherbstteam, #renovation, #homerenovation

Compass' Q1 2024 Brooklyn Market Report

This week, we're pleased to present Compass' Q1 2024 Brooklyn Market Report, a look at sales activity from the first three months of the year.

Bill HerbstApril 18, 2024#brooklynrealestate, #brooklyn, #nycrealestate, #nycrealerstateagent, #nycrealestatebroker, #brooklynmarketreport, #gilmartinherbstteam, #compass, #compassny, #marketreport

Manhattan Real Estate Market Update: Feb. 21, 2024

The Manhattan real estate market continues to chug along, with 916 contracts signed in the last 30 days and 228 contracts sealed in the past 7 days.

Bill HerbstFebruary 21, 2024#gilmartinherbsttean #nycrealestateagent, #nycrealestatebroker, #nycrealestateagent, #manhattanrealestate, #compas, #compasny, #nycrealestate, #gilmartinherbsttea

Are All The Millionaires Really Leaving New York?

Was the whole "millionaires fleeing from New York" thing a hoax?

Bill HerbstDecember 18, 2023#millionaire, #nyc, #nycrealestate, #nycrealerstateagent, #nycrealestatebroker, #gilmartinherbsttea, #manhattanrealestate, #brooklynrealestate, #nycmillionaire, #compass, #compassny, #below23rdstreet

Contact
Licensed Associate
Real Estate Brokers
billandralph@compass.com
M: 917.596.3743

Compass Global Headquarters
90 Fifth Avenue, 3rd Floor
New York NY 10011
212.913.9058

ContactLicensed AssociateReal Estate Brokersbillandralph@compass.comM: 917.596.3743

Compass Global Headquarters90 Fifth Avenue, 3rd FloorNew York NY 10011212.913.9058

Contact
Licensed Associate
Real Estate Brokers
billandralph@compass.com
M: 917.596.3743

Compass Global Headquarters
90 Fifth Avenue, 3rd Floor
New York NY 10011
212.913.9058