Today on Talking Manhattan, Noah and John sit down with special guest Raphael De Niro, founder of the uber-productive De Niro Team at Douglas Elliman. With decades of experience, not to mention billions of dollars of sales to his credit, Raphael dives into the dynamic world of Manhattan real estate, discussing trends, market shifts, and even the future of housing in New York City. From the impact of renovations on property values to the intriguing trends in the luxury market, this episode has some great insider insights. Whether you're a newbie, a pro, an enthusiast, or simply curious about the Manhattan market, this episode is one to watch.

Highlights:

03:23 - The growing gap between renovated and unrenovated properties

07:18 - Pied-a-terre is doing better than the primary user market in the high-end

08:02 - Discounts are all over the place

11:46 - Can lower rates get the traffic moving again?

15:13 - The bull case for Manhattan

16:19 - Lightning round thoughts on pent-up demand and what 2024 might hold

22:13 - No better time than a slowdown to up your game

The De Niro Team:

https://deniroteam.com/

Raphael's page at Douglas Elliman:

https://www.elliman.com/newyorkcity/associate/527-a-556-rad/raphael-de-niro

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Link to our overview of Manhattan or Brooklyn real estate stats:

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For more Manhattan and Brooklyn real estate conversations:

http://www.talkingmanhattan.com/