Talking Manhattan Noah Rosenblatt & John Walkup of UrbanDigs

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/