Talking Manhattan

In this episode of Talking Manhattan, Noah Rosenblatt, and John Walkup sit down with top, top, top Elliman broker Ann Cutbill Lenane to discuss the current New York City real estate market. Ann explains how the market is experiencing low transaction volume, particularly due to pricing challenges and the complexities of pre-war apartments that need renovations. She emphasizes the importance of accurate pricing and the value of experienced brokers who can guide sellers through pricing adjustments. Ann also covers changing industry norms and how brokers must adapt and go above and beyond to stay relevant. Finally, Ann dishes out advice for new agents, stressing the importance of working with seasoned professionals and always providing exceptional service. Annie gets it done! Highlights: 00:45 - State of the Market 01:50 - Impact of Renovation Costs 02:40 - Pricing Challenges 05:00 - Broker Experience and Knowledge 08:00 - Adapting to Change 10:00 - Importance of Service 14:10 - Advice for New Agents 17:00 - Mental Challenges in a Tough Market Ann's home page: https://anniegetsitdone.com/ Ann's page at Elliman https://anncutbilllenane.elliman.com/ Connect with Ann on LinkedIn: https://www.linkedin.com/in/ann-cutbill-lenane/ Follow Ann on Instagram: https://www.instagram.com/anncutbilllenane/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

In this episode of Talking Manhattan, Noah and John welcome Lisa Lippman, the top broker at Brown Harris Stevens for several years running, who shares her insights on the current Manhattan real estate market. Lisa describes the market as insecure, with high interest rates affecting financing-dependent buyers, while wealthy buyers face confusion about property values. She discusses the divide between coops and new devs, the challenges of renovation, and, in a masterclass of exposition, the importance of pricing correctly. As always, we end with advice, and Lisa breaks down how valuable experience, market knowledge, and persistence are to new agents. There's gold in these hills! Highlights: 01:00 - Current state of the market 02:00 - Impact of high interest rates on buyers 03:05 - Cash-rich buyers and generational wealth 04:25 - Bifurcated market: Coops vs. new developments 07:45 - Price trends since 2017 11:55 - Challenges with renovation costs 13:02 - Importance of accurate pricing 14:20 - Efficient markets and the importance of proper pricing 22:45 - Finding good value for buyers in the current market 28:05 - Advice for new real estate agents 30:00 - Final thoughts and takeaways Lisa's Page at BHS: https://www.bhsusa.com/real-estate-agent/lisa-lippman Connect with Lisa on LinkedIn: https://www.linkedin.com/in/lisa-lippman-a25915 Follow Lisa on Instagram: https://www.instagram.com/lisaklippman/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

In this episode of Talking Manhattan, Noah Rosenblatt and John Walkup of UrbanDigs sit down with Kane Manera, a top producer at Corcoran, to discuss the current state of the New York City real estate market. With over a decade of experience, Kane shares his insights into market trends, the dynamics of high-end and new development properties, and the unique challenges and opportunities present in today’s environment. Kane talks about the intricacies of the rental market, the importance of strategic pricing, and the critical role of relationships. Good stuff inside for both seasoned pros and new agents looking for insights about the current market. Highlights: 00:57 - Current state of the NYC real estate market 01:40 - Rental market trends and their impact on sales 03:35 - Cash-rich buyers and the luxury market 05:30 - NYC vs the world 08:45 - Shifts in buyer preferences 12:45 - The importance of pricing 15:10 - The significance of understanding personal circumstances 17:35 - Strategies for sellers 21:00 - Negotiating prices and creating urgency 24:00 - Brokers as trusted advisors 25:55 - The benefits of building brokerage community relationships Kane's Page at Corcoran: https://www.corcoran.com/real-estate-agents/detail/kane-manera/17174/regionId/1 Connect with Kane on LinkedIn: https://www.linkedin.com/in/kane-manera-4078a289/ Follow Kane on Instagram: https://www.instagram.com/kanemanera ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Join Noah and John from UrbanDigs as they chat with luxury real estate broker Wendy Maitland, founder and owner of Atelier by Wendy Maitland. With over 22 years of experience in the New York City market, Wendy shares her expert insights on the current state of the market, the dynamics of buyer and seller behavior, and the evolution of the real estate industry. Wendy discusses the challenges and opportunities in the luxury sector, the importance of adaptability and trust, and why new agents should focus on setting goals. Another great episode for anyone interested in the intricacies of Manhattan real estate! Highlights: 01:28 - The market's awkward "adolescent phase" 04:42 - Luxury's reaction to fluctuating interest rates 08:10 - The absence of luxury rent concessions 09:50 - Negotiability and the emerging desperation among some sellers 13:01 -The importance of market psychology 14:43 - Reflections on the evolution of the real estate industry 16:16 - Advice for new agents: know your strengths, set goals, and the importance of product knowledge and trust 23:00 - The value of building relationships with co-brokers and continuous learning Wendy's Page at Atelier https://www.awmrealestate.com/team/wendy-maitland Connect with Wendy on LinkedIn: https://www.linkedin.com/in/wendy-maitland-9774455/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Join Noah and John from UrbanDigs as they host a live webinar to dive into the complexities of the NYC commercial real estate markets with James Nelson, a leading expert and top producer from Avison Young. With extensive experience and deep knowledge of New York City's real estate landscape, James shares valuable insights on the current state of the market, investment strategies, and the potential for converting office spaces to residential properties. This episode provides a comprehensive overview of commercial real estate's current challenges and opportunities, making it a must-watch for investors, developers, professionals, and real estate enthusiasts. Highlights: 01:00 - Current State of NYC Commercial Real Estate 03:30 - Impact of Rising Interest Rates 05:35 - Buyer and Seller Psychology 07:00 - Foreign Investment Trends 09:00 - Office Leasing Market Post-COVID 10:55 Office-to-Residential Conversions 12:00 - Impact of 2019 Legislation on Multifamily Investments 15:00 - Retail Market Resurgence 17:10 - Challenges in the Office Market 20:00 - Understanding Cap Rates 23:00 - Insights on Pfizer Building Conversion 27:00 - Working with Commercial Brokers 33:00 - Alternative Uses for Office Space 36:10 - Local Law 97 and Its Impact 40:00 - Staying on top of data 42:00 - Is distress priced in? 45:15 - Podcasts as resources Link to James' Book, The Insider's Edge to Real Estate Investing: https://www.amazon.com/Insiders-Edge-Real-Estate-Investing/dp/1264865996 Links to James' podcast: https://podcasts.apple.com/us/podcast/real-estate-investing-live-from-new-york/id1486367901 https://open.spotify.com/show/0UcAl1JlzgGnHqQU4ayzQ5 https://jamesnelson.com/ James' Page at Avison Young https://www.avisonyoung.com/professionals/-/ayp/view/james-nelson/in/new-york Connect with James on LinkedIn: https://www.linkedin.com/in/jamesnelsonnyc/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Today, Noah and John from UrbanDigs sit down with The Agency's Joan Kagan to discuss the current Manhattan real estate market. With 16 years of experience and a team of five, Joan is a seasoned professional who shares her unfiltered insights on market trends, the impact of interest rates, and strategies for both buyers and sellers in today's fluctuating market. Joan discusses the importance of adaptability, the role of family support in home buying, and the emotional resilience required for success in real estate. If you're new to the industry or an experienced agent, tune in for some great advice on navigating the complexities of today's market. Highlights: 00:35 - Current state of the Manhattan real estate market 02:10 - Acceptance of current interest rates by buyers and the shift in market dynamics 04:40 - Who's selling? 07:10 - Buyers and low-balls 08:30 - The importance of educating sellers about buyer behavior and managing expectations 09:50 - The rising rental market and the role of family support in the purchase process 13:02 - Joan's "data diet," including resources like UrbanDigs, Jonathan Miller's weekly emails, and others 14:35 - Advice for new agents The Joan Kagan Team Page at The Agency https://www.theagencyre.com/team/the-joan-kagan-team Connect with Joan on LinkedIn: https://www.linkedin.com/in/joankagannyc/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Today, Noah and John from UrbanDigs sit down to discuss the current state of the Manhattan real estate market with Brian Morgan, founder of the Morgan Manhattan team at Corcoran. With nearly 20 years of experience, Brian offers valuable insights into market trends, the impact of interest rates, and the mindset of both buyers and sellers in a fluctuating market. Brian drops strategies for navigating the buyer's market, talks about the importance of staying positive, and explains how to leverage data for successful transactions. Whether you're a real estate professional or a potential buyer or seller, this episode is pure Brian: actionable advice + industry insider knowledge! Highlights: 00:31 - Overview of market trends 02:10 - The shift to a buyer's market 05:10 - The mindset of sellers in the current market 07:08 - Rent vs own - why some buyers still choose to purchase 09:30 - The lag in pricing and the potential for further price reductions 12:05 - Bipolar market activity 14:00 - Advice for buyers 16:35 - Tips for agent success in a slow market 18:33 - Using data to inform clients and make confident decisions Morgan Manhattan Team Page https://morganmanhattanteam.nyc/ Connect with Brian on LinkedIn: https://www.linkedin.com/in/brian-morgan-503b745/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Today, Noah and John from UrbanDigs explore the state of the Manhattan real estate market with Stefani Berkin, President of R New York and real estate broker. Stefani leans on her extensive experience and leadership at R (over 800 agents!) to share valuable insights on current market conditions, the importance of staging, pricing strategies, and the evolving role of buyer's agents. In yet another insightful episode, she discusses the art of building trust with clients, navigating challenging conversations with sellers, and the secrets behind successful real estate transactions. Grab some coffee and take a listen! Highlights: 00:50 - Pricing properties correctly and the role of staging 02:00 - Managing client expectations and the industry's rapid changes 03:10 - The evolving role of buyer's agents 05:15 - Conversations with sellers and the dangers of overpricing 07:25 - Case study: staging to sell quickly and above asking 12:55 - The absence of desperation among sellers 14:55 - The characteristics and behaviors of successful agents 19:50 - Using data with confidence Stefani's page at R New York: https://www.wernewyork.com/Agent/27441/Stefani-Berkin Connect with Stefani on LinkedIn: https://www.linkedin.com/in/stefberkin/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Today, Noah and John from UrbanDigs dive into the intricacies of the mortgage market with superstar lender Melissa Cohn, Regional Vice President at William Raveis Mortgage. Melissa is an industry legend, and she shares her expert insights on the current state of mortgage rates following recent Federal Reserve actions, the nuances of fixed versus adjustable rates, and the impact of mortgage banking on consumers. Whether you're a home buyer, a real estate professional, or just a finance enthusiast, Melissa's perspectives on navigating the mortgage landscape in today’s economic environment are spot on! Highlights: 00:35 - Implications of the Fed's rate pause on the mortgage market 04:50 - Mortgage industry commissions post-NAR 07:50 - Warrantable vs non-warrantable in mortgage financing. 12:20 - Challenges in the mortgage lending process today 14:10 - Non-QM (Non-Qualified Mortgage) lenders 14:40 - The challenge of crypto 16:10 - Mortgage assumptions 17:35 - Melissa'a daily data routine Melissa's page at Raveis: http://www.raveis.com/mortgage/MelissaCohn/ Connect with Melissa on LinkedIn: https://www.linkedin.com/in/melissacohn/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

In this episode of Talking Manhattan, Noah and John welcome Anna Kahn from Brown Harris Stevens. With over 28 years in the industry, Anna shares her invaluable insights on the current state of the market, including thoughts on the surprising effects of interest rates and the art of closing deals in a competitive environment. She also provides practical advice for preparing listings and emphasizes the primary importance of listening in client consultations. Anna's got what it takes to thrive in NYC's real estate scene, so listen in! Highlights: 02:00 - Current market activity and aligning expectations 04:45 - Qualifying buyers and being discerning with offers 07:15 - Advice on pricing strategies 09:53 - Costs and benefits of physical vs virtual staging 14:00 - Shifting from a 'listing pitch' to a 'listening consultation' 17:36- Strategies for new agents 21:04 - Renovated vs unrenovated Anna's page at BHS: https://www.bhsusa.com/real-estate-agent/anna-kahn Connect with Lisa on LinkedIn: https://www.linkedin.com/in/annamkahn/ ** Want to impress a buyer or seller? Use UrbanDigs Advisor! ** Need data to anchor a listing pitch or support a price reduction? Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need. https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/