Sheridan Wall

1 day ago | therealdeal.com | Sheridan Wall |Matthew Elo

Sizing up the Hamptons rental market on an empirical basis has always been a challenge. Data are often incomplete, disjointed or biased toward the collector. As a reporter, the lack of conclusive numbers means relying largely on anecdotal takes from brokerages and agents locking down deals on the ground. But by all accounts, the rental market Out East has changed drastically post-pandemic. As The Real Deal reported in the latest issue of the magazine, the typical three-month stay is in the rearview.

1 week ago | therealdeal.com | Sheridan Wall |Matthew Elo

New York City-based brokerages chalked last quarter’s earnings up to a win. Following two years of lackluster performance, Douglas Elliman, led by a new CEO, cut down significantly on its losses, grew its revenue and finished the period with a healthy cash store. Compass, fresh off the closing of a major acquisition, expanded its market share and logged a record free cash flow.

2 weeks ago | therealdeal.com | Sheridan Wall |Mary Diduch

British singer-songwriter Ed Sheeran is a renter-turned-buyer at a Brooklyn Heights condo. An entity linked to Sheeran and his wife, Cherry Seaborn, paid just under $12 million for a unit at 130 Furman Street, where Sheeran previously rented an apartment for $36,000 a month, according to public records. The deal, which closed earlier this month, appears to have been off-market.

2 weeks ago | therealdeal.com | Sheridan Wall

A converted Cobble Hill townhouse snagged the priciest contract signed in Brooklyn last week. The 3,400-square-foot home at 59 Cheever Place, asking $6.9 million, was one of 22 properties in Brooklyn asking $2 million or more to find buyers between May 12 and May 18, according to Compass’ weekly report. The total was on par with the previous period, which also saw 22 inked deals.

2 weeks ago | therealdeal.com | Sheridan Wall |Ellen Cranley

Upper East Side co-ops dominated Manhattan’s luxury market last week. Apartments on Fifth Avenue and Park Avenue snagged the two priciest contracts inked in the borough between May 12 and May 18, according to Olshan Realty’s weekly report. The pending deals marked the first time since November 2021 that co-ops beat out condos or townhouses for the two top spots. Buyers signed 31 contracts for homes in the borough asking $4 million or more, less than the 36 deals signed in the previous period.