 Photo by Lumin Osity on Unsplash Summer in New York City is buzzing with energy, events, and endless experiences. Whether you're looking for outdoor adventures, cultural gems, or food and drink with a view, NYC has something for everyone. Here are 21 fun things to do this summer in the Big Apple: 1. Watch a Movie in the Park Enjoy free outdoor movies in parks across the city like Bryant Park, McCarren Park, and Pier 63. Bring a blanket, some snacks, and a few friends for a relaxing night under the stars. Films range from family favorites to cult classics, and the atmosphere is unbeatable. 2. Bike Around Governors Island Just a quick ferry ride from Manhattan or Brooklyn, Governors Island is a peaceful getaway with wide open space, art installations, and historic landmarks. Rent a bike or bring your own and explore the island’s many scenic paths. There are also food vendors and shaded spots perfect for a summer picnic. 3. Cool Off at a City Pool NYC public pools open in late June and offer a free and refreshing way to beat the summer heat. The Astoria Pool in Queens is one of the largest and most popular, while McCarren Park Pool in Brooklyn is a favorite with locals. Don’t forget your swimsuit and lock for the lockers! 4. Ride the Staten Island Ferry This iconic, free ferry offers unbeatable views of the Manhattan skyline, the Statue of Liberty, and the Brooklyn Bridge. It’s perfect for a breezy summer ride, especially at sunset. No tickets required—just hop on and enjoy the ride. 5. Stroll the High Line The High Line is an elevated park built on a former rail line on Manhattan’s West Side. With beautiful gardens, public art, and unique views of the city, it’s a great place for a walk, especially in the evening when the city lights begin to glow. 6. Catch a Yankees or Mets Game Whether you're in the Bronx cheering for the Yankees or in Queens rooting for the Mets, a ballgame is a quintessential NYC summer experience. Enjoy classic ballpark snacks, lively crowds, and maybe even a fireworks night. 7. Explore Little Island Little Island at Pier 55 is a unique floating park with winding pathways, grassy knolls, and performance spaces. It’s a relaxing spot to unwind or catch a live show. With incredible landscaping and river views, it's unlike any other park in the city. 8. Take a Sunset Harbor Cruise Enjoy panoramic views of NYC from the water with a harbor cruise at sunset. Many cruises offer cocktails, music, and light bites. It's a romantic and memorable way to see landmarks like the Statue of Liberty and One World Trade Center. 9. Visit the Brooklyn Botanic Garden Escape into nature with a visit to this 52-acre oasis in the heart of Brooklyn. Summer brings vibrant blooms, peaceful walking trails, and plenty of shaded areas. Check out their special events and extended hours on select evenings. 10. Attend Shakespeare in the Park Held at the Delacorte Theater in Central Park, this free event features professional actors performing beloved Shakespeare plays. It's a cherished NYC tradition with a magical open-air setting. Get there early or enter the digital lottery for tickets. 11. Walk the Brooklyn Bridge Take a scenic stroll across one of NYC’s most famous landmarks. Start from either side and enjoy views of the skyline, East River, and Statue of Liberty. End your walk with food and fun at Brooklyn Bridge Park. 12. Check Out a Summer Music Festival From Central Park's SummerStage to the BRIC Celebrate Brooklyn! Festival, there’s live music for every taste. Enjoy performances from local bands, international artists, and DJs at venues all over the city. 13. Eat Your Way Through Smorgasburg This open-air food market is a haven for foodies, with vendors offering everything from lobster rolls to vegan donuts. Smorgasburg takes place in Williamsburg and Prospect Park on weekends. It’s a perfect spot to try something new. 14. Visit the Rooftop at The Met The Metropolitan Museum of Art offers a rooftop garden and bar with sweeping views of Central Park. Enjoy drinks and modern art installations high above Fifth Avenue. It’s a hidden gem for culture and cocktails. 15. Spend a Day at the Rockaways Accessible by subway or ferry, Rockaway Beach is a city escape that doesn’t require leaving the five boroughs. Enjoy beachside tacos, surf lessons, or just a quiet spot in the sand. Don’t forget sunscreen! 16. Tour a Museum Late-Night Many NYC museums offer special summer evening hours with live music, drinks, and activities. It's a fun, low-key way to explore art without the crowds. The Whitney, MoMA, and the Rubin Museum are a few popular options. 17. Take a NYC Food Tour Join a guided walking tour to sample local eats in neighborhoods like Chinatown, the Lower East Side, or Greenwich Village. It’s a tasty way to explore the city’s history and diversity through food. 18. Go Kayaking on the Hudson Free kayaking programs are offered all summer at places like Pier 96 and the Downtown Boathouse. It’s a fun, active way to cool off and see the skyline from the water. No experience necessary! 19. Dance at a Free Outdoor Party NYC summers are full of free dance events and live DJ sets. Whether it’s salsa at Lincoln Center or hip-hop in Brooklyn parks, you’re sure to find a groove. 20. Find a Hidden Speakeasy Discover one of NYC’s many secret bars tucked behind phone booths, pizza shops, or storefronts. Favorites include PDT (Please Don’t Tell) and Attaboy. These hidden spots often have creative cocktails and cozy vibes. 21. Take in the City from a Rooftop From rooftop bars like 230 Fifth to rooftop yoga classes in Brooklyn, the views are always worth it. Whether you're sipping a cocktail or practicing sun salutations, there’s no better backdrop than the NYC skyline. Thinking About Buying, Selling, or Renting in NYC? If you're planning a move in New York City—whether it's buying your first home, selling your current one, or finding the perfect rental—The Big City Team is here to help. Call us at 646-300-2012 to schedule a free consultation. Let’s talk about your goals and how we can help you make your next big move.
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 Renderings by Bjarke Ingels Group A major transformation is on the horizon for Gowanus, Brooklyn, as the latest design has been revealed for 175 3rd Street—a $1 billion mixed-use residential project from the acclaimed architecture firm Bjarke Ingels Group (BIG). Spearheaded by developers Charney Companies and Tavros Capital, this new development is poised to be the tallest and most prominent building in the neighborhood, marking a significant milestone in Gowanus’ ongoing evolution. The project will rise 27 stories and span over 1 million square feet, introducing approximately 1,000 rental units to the area. Designed in a bold U-shaped formation, the building will feature a modern grid of floor-to-ceiling windows set within textured architectural concrete, drawing inspiration from the neighborhood’s industrial roots. The massing of the structure incorporates stacked box forms with chamfered corners, creating unique setbacks, outdoor terraces, and enhanced natural light throughout the building. In keeping with New York City’s Mandatory Inclusionary Housing program, 25% of the residential units will be designated as affordable. Residents will also have access to a wide variety of lifestyle amenities, including rooftop lounges, two outdoor pools, sports courts, a dog run, and a lush three-acre landscaped courtyard. The design includes approximately 35,000 square feet of indoor amenity space as well, aimed at fostering community and connectivity among residents.  Renderings by Bjarke Ingels Group One of the most striking aspects of the development is its waterfront setting. Situated along the Gowanus Canal, the project will include a 30,000-square-foot public park and esplanade designed by Field Operations—the landscape architects behind the High Line. This green space will feature a 250-foot-long boardwalk, providing much-needed public access to the canal and helping to integrate natural beauty into the urban fabric. The 175 3rd Street development is part of the broader Gowanus Wharf master plan, which includes several nearby projects such as Union Channel, Douglass Port, and Nevins Landing. Together, these initiatives are set to bring over 2 million square feet of new residential development and more than 2,200 new housing units to the neighborhood. Construction on 175 3rd Street is expected to begin in mid-2026, following the completion of the earlier phases of the master plan. All project details and updates were originally reported by New York YIMBY. Congratulations—you’ve made it to the co-op board interview! That means your offer was accepted, your finances passed the board’s initial review, and your board package made it through one of the most selective screening processes in NYC real estate. That alone is a huge accomplishment—especially as a first-time buyer. Now comes the final step in the process: the co-op board interview. While the idea of being interviewed by a group of strangers might sound intimidating, it’s really just a final formality. The board wants to meet you in person, confirm the details in your application, and get a sense of whether you’ll be a responsible and respectful addition to the building. Most interviews are short, polite, and—if you’re prepared—entirely manageable. So how should you prepare for this uniquely New York rite of passage? First, be ready to speak confidently about the financials you submitted in your board package. Know your income, your employment history, and any relevant debts, like student loans. The board may ask you to explain anything unusual, such as freelance income, a recent career change, or a gap in employment. Don’t worry about having the “perfect” financial profile—just be honest, clear, and calm in your explanations. It also helps to understand the vibe of the building. Every NYC co-op has its own culture: some are more traditional and rule-oriented, while others are a bit more relaxed. Your real estate agent can often provide insight into the board’s general demeanor, expectations around noise, guests, renovations, and other building norms. You don’t need to pretend to be someone you’re not, but aligning your tone and answers with the building’s culture can go a long way. During the interview itself, expect questions like: Why did you choose this building? Will anyone else be living with you? Do you plan to work from home? Are you planning to renovate? What’s your long-term plan for the apartment? Keep your answers straightforward, respectful, and low-drama. Avoid saying anything that might raise red flags, like plans to sublet, use the apartment as a pied-à-terre, or challenge building rules. Boards are generally looking for buyers who plan to be stable, long-term, low-maintenance neighbors. In terms of appearance, treat this like a professional meeting. Business casual attire is usually best. Even if the building has a relaxed vibe, showing up neat, polished, and prepared signals that you take the opportunity seriously. Be courteous and warm—but avoid overly personal anecdotes, humor that might not land, or controversial topics. The safest approach is to be brief, kind, and authentic. Most interviews last less than 30 minutes. If it feels short or casual, that’s usually a good sign. Once the interview is over, the board will meet privately to vote. You’ll typically hear back within a few days to a week. If approved, you’ll proceed to closing. If you’re not approved, don’t panic—it happens. Your agent can help you understand what went wrong and guide you toward other opportunities. The good news is you’re now far more prepared for whatever comes next. The NYC co-op process is famously intense, but the fact that you’ve reached the interview stage says a lot about your readiness and determination. At this point, the finish line is in sight. With a little preparation, a respectful presence, and a clear understanding of what the board is looking for, you’re in a great position to succeed. If you're in the market to purchase a home in NYC, contact Colin O'Leary, team leader of The Big City Team at Berkshire Hathaway HomeServices Fillmore Real Estate, at 646-300-2012 to schedule a free consultation. We specialize in guiding first-time buyers through every step of the NYC real estate journey—with clarity, confidence, and results.  Photo by Thomas Wolter on Unsplash The U.S. housing market in 2025 continues to show sharp regional contrasts in home prices, sales activity, and buyer sentiment. Nationally, existing home sales fell 0.5% in April to a seasonally adjusted annual rate of 4.00 million units, the slowest April since 2009. However, new home sales surged 10.9% during the same period, reaching the highest level since February 2022. This increase was largely driven by builder incentives and price reductions that have appealed to budget-conscious buyers. Meanwhile, the inventory of existing homes rose to 1.45 million units, reflecting a 9% month-over-month and 20.8% year-over-year increase, providing more options for buyers in a market still challenged by high mortgage rates, which average 6.97% nationally as of May 26, 2025 (bankrate.com). In the Northeast, price appreciation is leading the nation, with a 10.3% year-over-year increase during the first quarter of 2025. This growth is paired with tight inventory and minimal price reductions. Cities like Buffalo, NY, and Trenton, NJ, remain in high demand due to their relative affordability and proximity to larger employment hubs. The New York City housing market remains active, with the median home sold price reaching $870,078 in April 2025, a 3.2% increase year-over-year. Manhattan led with a 12% rise in median sale price to $1.175 million, while resale condos jumped 18% to $1.595 million. Brooklyn and Queens also saw solid growth, with median prices up 8% and 9%, respectively. Sales activity rose sharply, with over 2,500 condo and co-op transactions in Q1. On the rental side, Manhattan saw average monthly rents increase 7% year-over-year to $5,194, and while a wave of new inventory is expected this year, affordability remains a major concern, especially as rent-stabilized units face potential foreclosure and tax lien challenges. The South, which accounts for 44.9% of all existing-home sales, has a mixed outlook. Home prices in the region increased just 1.3% year-over-year. While some markets, such as parts of Florida and the Carolinas, remain resilient due to job growth and population inflow, other metros are cooling. Austin, Texas, and Atlanta, Georgia, saw notable year-over-year price drops of 5.9% and 1.8%, respectively. Persistent high mortgage rates and buyer hesitation have led to growing inventory and longer time on the market in these cities. However, recent data from May 2025 shows that cities like Nashville, Tennessee, and Raleigh, North Carolina, are bucking the trend with moderate price gains of 3.4% and 2.9%, respectively, driven by strong tech sector expansion and inbound migration. Tampa Bay is also stabilizing with home sales rising 4.5% month-over-month, fueled by new developments targeting first-time buyers. The Southeast’s rental market remains active, with average rents increasing 4.8% year-over-year, notably in Orlando and Charlotte, where rental demand is boosted by a surge in young professionals and remote workers relocating from higher-cost regions. The Midwest has become one of the strongest-performing regions, driven by affordability and steady labor markets. Milwaukee led the region with a 20% year-over-year increase in home prices. Meanwhile, cities like Detroit and Cleveland continue to be among the most affordable in the nation, with median home prices of $180,000 and $217,750, respectively. These low price points and rising interest in homeownership are driving strong demand and competition, positioning the Midwest as a standout in today’s national housing landscape. In addition, Minneapolis and Columbus have seen increased buyer activity, with home prices rising 6.5% and 5.8% year-over-year, supported by robust job growth in manufacturing and healthcare sectors. Inventory in these markets remains tight, with months of supply hovering around 2.1 to 2.5, leading to faster sales cycles despite mortgage rate pressures. Rental vacancy rates in the Midwest remain low at approximately 5.3%, further underscoring strong housing demand. Out West, market trends are mixed. Pandemic boomtowns like Salt Lake City are seeing price corrections, with values down 2.1% year-over-year as remote work demand declines. On the other hand, tech-driven markets like Denver and Seattle are rebounding. Denver posted a 5.1% increase in home prices, while Seattle saw a 3.7% uptick. These cities also report fast-moving inventory, with median days on market as low as 10 to 12 days in places like San Jose and Seattle. Meanwhile, California’s Inland Empire is experiencing moderate growth, with home prices rising 2.8%, thanks in part to increased new construction. San Francisco and Los Angeles markets have shown some stabilization with modest price gains of 1.5% and 1.2% year-over-year, respectively, aided by easing inventory shortages and a slight uptick in luxury home demand. Conversely, Portland, Oregon, and Boise, Idaho, are experiencing slowdowns, with prices declining 1.4% and 3.2% year-over-year, reflecting shifting migration patterns and affordability constraints. The Western rental markets remain competitive, with vacancy rates below 4% in most major metros, pushing rents up 6% year-over-year, particularly in urban cores where tech job growth is rebounding. Overall, the 2025 housing market remains shaped by high mortgage rates, rising inventory, and a strong regional divide. Affordability continues to be a top concern for many buyers, while shifting demand and local economic factors are driving distinctly different outcomes across the country. Sources: National Association of Realtors (NAR), Existing Home Sales Data, April 2025 U.S. Census Bureau, New Residential Sales, April 2025 Bankrate.com, 30-Year Mortgage Rates, May 26, 2025: bankrate.com Zillow Research, Regional Housing Market Reports, Q1 2025 Redfin Data Center, Housing Market Trends by City, May 2025 Apartment List, Rental Market Report, Q1 2025 Local real estate boards and MLS reports for NYC, Southeast, Midwest, and Western metro areas  Photo by Ricky Singh on Unsplash If you’ve ever rented an apartment in New York City, you know the sting of writing a large check for a broker’s fee — sometimes thousands of dollars — just to move into your new home. It’s long been a standard practice in NYC for renters to pay these fees, even when the broker was technically representing the landlord. But all that is about to change. On June 11, 2025, a new law known as the Fairness in Apartment Rental Expenses (FARE) Act is scheduled to take effect, marking a major shift in how broker fees are handled in residential rentals across the city. The law was passed by the New York City Council in 2024 and is designed to make renting in the city a little more affordable — and a lot more transparent. Under the FARE Act, landlords will now be required to pay the broker’s fee when the broker is working on their behalf to market or lease an apartment. Renters, on the other hand, will only be responsible for a broker’s fee if they personally hire a broker to help them search for and secure a home. It’s a change that puts financial responsibility back where the relationship lies — with the party that hired the broker. This is welcome news for many New Yorkers, especially those who’ve struggled to come up with several months’ worth of rent just to move in. Broker fees in NYC have traditionally run as high as 15% of the annual rent, a hefty cost in a city where rent itself is often sky-high. The FARE Act promises to ease that burden by shifting those costs away from tenants in most cases. But not everyone is on board. The law is currently facing legal challenges from industry groups, including the Real Estate Board of New York (REBNY), which filed a lawsuit in late 2024. They argue that the law conflicts with existing state regulations and infringes on the rights of property owners. Despite the pending litigation, the FARE Act is still on track to be enforced beginning June 11, 2025 — though that could change depending on the outcome of the court case. So what happens if a landlord or agent tries to charge a tenant a fee in violation of the new rules? There are consequences. The Department of Consumer and Worker Protection (DCWP) will be overseeing enforcement, and landlords or brokers found to be in violation could face fines ranging from $500 to $2,000 per incident. In addition, brokers risk disciplinary action from the New York State Department of State, which oversees licensing. For renters, the takeaway is clear: starting next summer, you shouldn't be paying a broker fee unless you’ve hired the broker yourself. That means it’s more important than ever to understand who the broker is working for. If they’re representing the landlord, the fee is on the landlord — not you. For landlords, this means budgeting will need to shift. Broker fees may now become a standard part of the cost of doing business, similar to marketing expenses or maintenance. It’s also a good time for landlords to review their relationships with brokers and ensure they’re working with professionals who stay up to date with local laws. At The Big City Team, we’re preparing our clients — both renters and landlords — for this transition. We’re committed to full transparency, ethical service, and staying ahead of the curve when it comes to legal compliance. We’ll continue to monitor the court proceedings closely and will keep our clients informed of any changes that could impact their leases or listings. Navigating NYC’s rental market has never been simple, but this law is a big step toward leveling the playing field. If you’re unsure how these changes affect your upcoming move or rental strategy, reach out to us. Whether you’re renting your first NYC apartment or listing your next investment property, we’re here to guide you through it with clarity and care. Need help navigating the NYC rental market? Contact The Big City Team at Berkshire Hathaway HomeServices Fillmore Real Estate. Colin O'Leary Founder & Team Leader 📞 646-300-2012 📧 [email protected] 🌐 www.thebigcityteam.com 📱 Follow us: @thebigcityteam We’re thrilled to present 173 Hicks Street Apt 4E — a sun-filled, charming one-bedroom co-op now available in the heart of historic Brooklyn Heights. This bright corner residence welcomes you with a wide foyer and a spacious living area, perfect for relaxing or entertaining. Oversized windows and a Juliet balcony fill the space with natural light and fresh air. The king-sized bedroom features beautiful hardwood floors and a large closet, while the kitchen offers abundant cabinet space. A classic white-tiled bathroom completes the thoughtful layout with timeless style. Located in a well-maintained, boutique elevator building, the co-op boasts recent upgrades including a new roof, a modernized boiler, and an updated laundry room. With no underlying mortgage, a flexible sublet policy after two years, and a cat-friendly environment, this is a rare Brooklyn Heights opportunity. Tucked on a picturesque tree-lined street, you’ll enjoy easy access to the Brooklyn Heights Promenade, Brooklyn Bridge Park, DUMBO, Vinegar Hill, and multiple subway lines, as well as the Pier 6 Ferry. Shops, restaurants, and neighborhood gems are all just a short stroll away. Asking Price: $700,000 View the full listing on Zillow here For more information or to schedule a private showing, contact: Beth Davis at (914) 574-3169 Jonathan Ettricks at (347) 470-2272 Listed by Beth Davis & Jonathan Ettricks of The Big City Team at Berkshire Hathaway HomeServices Fillmore Real Estate.  Photo by Florian Wehde on Unsplash The New York City residential real estate market continues to show resilience and strength across all boroughs as we move through the spring of 2025. Here's a comprehensive look at the latest data, from Manhattan to Staten Island. Overall Market Overview The city's total property market value is projected to rise by 5.7% to an impressive $1.6 trillion in fiscal 2025, a sharp improvement from the previous year. Residential properties, including co-ops, condos, and rentals, are leading the way with a 7.3% increase. However, housing inventory remains tight statewide. In February 2025, the available housing inventory statewide recorded only 22,518 units, the lowest level since 1997 and a 5.3% drop from the previous year. Despite this, the average home value across NYC climbed to $763,358, reflecting a 4.2% year-over-year increase. Manhattan Manhattan’s real estate market is enjoying a remarkable resurgence:
Brooklyn The Brooklyn market continues to show its vibrant appeal:
Queens Queens is experiencing consistent growth in its residential market:
The Bronx The Bronx has become a popular choice for those seeking affordable urban living:
Staten Island Staten Island's market continues to attract families seeking more space:
As we enter the spring season, it’s clear that NYC’s real estate market is thriving, with continued growth across all boroughs. Whether you’re looking to buy, sell, or rent, there are significant opportunities to explore. Contact our team at 646-300-2012 if you're in the market to buy, sell, or rent a home in NYC. We’re here to help you navigate this dynamic market with confidence! Sources: credaily.com, nysar.com, zillow.com, inhabit.corcoran.com, crainsnewyork.com, nypost.com, propertyshark.com, garfieldbrooklyn.com.  Rendering by: ONE Architecture & Urbanism The City of New York has unveiled an ambitious plan to revitalize Coney Island's western waterfront, aiming to transform the area into a vibrant residential and recreational hub. Announced by Mayor Eric Adams and the New York City Economic Development Corporation (NYCEDC), the "Coney Island West" initiative seeks to introduce 1,500 mixed-income housing units, enhance retail spaces, and upgrade public amenities, including the historic Riegelmann Boardwalk. This initiative builds upon the momentum generated by the 2009 Coney Island rezoning, which has already facilitated the construction of over 3,400 housing units on the peninsula. The Coney Island West project aims to further this progress by creating a dynamic environment where residents can live, work, and enjoy recreational activities. The plan includes mixed-income housing development, with a specific focus on Parcel A, an 80,000-square-foot site on Surf Avenue between West 21st and West 22nd Streets. The city has issued a Request for Proposals (RFP) for this location, envisioning 500 mixed-income apartments, with 25% designated as affordable housing, alongside ground-floor retail spaces and public parking facilities. Enhancements to public amenities are also a priority, including a $42 million renovation of the Abe Stark Sports Center, which has been a community staple since 1970. Planned upgrades encompass a new entrance, updated signage, and improved amenities to better serve residents and visitors. Additionally, the historic Riegelmann Boardwalk will undergo phased renovations to bolster its structural integrity and incorporate coastal resilience features, ensuring its longevity as a cherished public space.  Infrastructure and community improvements are also integral to the plan. The development will introduce new thoroughfares, including Ocean Way and the pedestrian-friendly Parachute Way adjacent to Maimonides Park, enhancing connectivity and accessibility within the neighborhood. Comprehensive infrastructure improvements, including sewer and street upgrades, are planned to support anticipated growth and ensure the area's sustainability. Mayor Adams emphasized the significance of this development, stating, "Coney Island is America’s playground—home to iconic venues and parks, countless small businesses, and a hard-working community. Our administration is advancing a vision to turn this waterfront district into a great place to live, work, and play." As the project moves forward, the city is actively seeking developers who share this vision and are committed to honoring Coney Island's rich history while contributing to its bright future. For those interested in real estate opportunities in the NYC market, including developments like Coney Island West, contact The Big City Team and our team leader Colin O'Leary, at 646-300-2012 for expert guidance and assistance.  Photo by Cody Nottingham on Unsplash As New York City’s real estate landscape continues to evolve, certain neighborhoods are emerging as prime spots for both buyers and renters in 2025. According to StreetEasy, many of these areas offer a mix of affordability, community charm, and convenient access to the city’s core. If you’re considering a move or investment in NYC, here are the neighborhoods to keep on your radar.  1. Ridgewood, Queens For the second consecutive year, Ridgewood tops the list as NYC’s neighborhood to watch. With its historic rowhouses, growing arts scene, and strong community vibe, Ridgewood has become a sought-after alternative to nearby Bushwick. Buyers and renters alike are flocking here, driving up home values and rental demand. 2. Greenwood Heights, Brooklyn Nestled between Park Slope and Sunset Park, Greenwood Heights offers a quieter, more affordable option with access to Green-Wood Cemetery’s lush landscapes. The area has seen an increase in buyer interest while maintaining a relaxed, residential feel. 3. Long Island City, Queens Long Island City continues its upward trajectory, boasting sleek high-rises, stunning waterfront views, and easy access to Midtown. With a mix of new developments and a flourishing restaurant scene, LIC remains one of the hottest spots in NYC real estate. 4. Sunnyside, Queens Sunnyside’s tree-lined streets, pre-war co-ops, and tight-knit community have made it an increasingly popular choice. With a balance of affordability and accessibility, it’s an excellent option for those seeking a neighborhood feel within close reach of Manhattan. 5. Windsor Terrace, Brooklyn For those who love Prospect Park but want a quieter alternative to Park Slope, Windsor Terrace is the place to be. This neighborhood continues to attract families and professionals looking for green space and a strong sense of community.  6. Sunset Park, Brooklyn A neighborhood rich in cultural diversity, Sunset Park is gaining attention for its vibrant restaurant scene, waterfront access, and the continued expansion of Industry City, making it a prime spot for real estate growth. 7. Astoria, Queens Always a favorite among renters, Astoria continues to shine with its blend of affordability, diverse dining options, and easy commute to Manhattan. With new developments on the rise, this neighborhood remains a top contender. 8. Crown Heights, Brooklyn Crown Heights has become one of Brooklyn’s most dynamic neighborhoods, attracting buyers and renters with its mix of historic brownstones, cultural institutions, and exciting nightlife. 9. Bay Ridge, Brooklyn Bay Ridge offers a suburban feel within the city, with waterfront parks, excellent schools, and an affordable housing market compared to other parts of Brooklyn. It remains a hidden gem for those seeking space and value. 10. Washington Heights, Manhattan One of the few Manhattan neighborhoods still offering relative affordability, Washington Heights has seen a steady rise in interest. Its rich history, scenic views, and proximity to public transit make it a standout choice. Final Thoughts Whether you’re looking to buy, sell, or rent in NYC, these neighborhoods are poised for continued growth in 2025. If you’re considering a move, our team at The Big City Team is here to help you navigate the market and find the right opportunity. 📩 Contact us today at 646-300-2012 to explore these exciting neighborhoods!  Rendering courtesy of Streetsense The Financial District (FiDi) in Manhattan is undergoing a historic transformation with the launch of SoMA (South Manhattan) at 25 Water Street, the nation’s largest office-to-residential conversion. Originally built in the 1960s as an operations center for Manufacturers Hanover Trust Company, this massive structure has been meticulously redeveloped over the past two years by GFP Real Estate, Metro Loft, and Rockwood Capital, in collaboration with the architectural firm CetraRuddy. The original building, known for its Brutalist architecture and minimal windows—originally designed to house computer systems—has undergone significant modifications. To introduce natural light and modern aesthetics, two central light wells were carved into the structure, and large sections of the façade were replaced with expansive windows. Additionally, a 10-story overbuild has extended the building to 32 stories, accommodating a total of 1,320 luxury residential units. SoMA offers a variety of residences, including studios, one-, two-, and three-bedroom apartments, as well as exclusive penthouses. Each unit is designed with modern features such as home offices, high ceilings, custom Italian kitchens with paneled appliances, in-unit washer-dryers, custom solar shades, and stunning water views. Rental prices start at $3,436 per month for studios, while three-bedroom units are priced around $10,000 per month, with premium units on higher floors reaching up to $12,000 per month. In addition to its upscale living spaces, SoMA boasts 100,000 square feet of luxury amenities, offering residents an unparalleled living experience. These amenities include a state-of-the-art fitness center, a spa with a steam room, Himalayan salt room, infrared sauna, relaxation and treatment rooms, co-working spaces, a private bowling alley, karaoke room, rooftop terrace, on-site basketball court, two pickleball courts, and two swimming pools. As part of its commitment to accessible housing, approximately 25% of the units at SoMA are designated as affordable housing, aligning with the city’s 467-m tax incentive program to create more inclusive living opportunities in prime locations. The successful conversion of 25 Water Street into SoMA sets a new benchmark in urban redevelopment. It exemplifies innovative approaches to repurposing commercial buildings to meet the city’s growing housing demand while preserving the historical and architectural integrity of Manhattan’s Financial District. For more information about SoMA and available units, visit SoMA NYC. |
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