Today, Noah and John sit down with Alexander Boriskin, co-founder of the Michael Lorber Team at Douglas Elliman, one of NYC's top-producing real estate agents with over $2 billion (with a B!) in sales. Alexander dives into the state of the NYC market, covering everything from new developments absorbing inventory, the impact of concessions, and neighborhood trends—especially the rising popularity of the Upper East Side. He also shares insights on buyer demand, the rise of “faux-ops”, and how co-ops are (somehow, someway) becoming more flexible. He also gives invaluable advice for agents looking to succeed in the business, emphasizing grit, mentorship, and non-stop hustle. Top notch!

Highlights:

00:40 – State of the Market

01:15 – New Development Absorption

02:05 – Are Concessions Still a Factor?

02:33 – Neighborhood Trends

03:10 – The Rise of “Faux-Ops”

03:50 – Pre-Construction Sales

04:50 – Buyer Sentiment

05:15 – What’s Selling?

06:10 – Who Are the Buyers?

07:42 – How Many Deals Are Cash?

08:40 – Dealing with Overpriced Sellersask.

10:11 – Where Are the Deals?

12:25 – Co-ops Are Changing??

13:55 – Advice for New Agents

Alexander's Page at Douglas Elliman

https://www.elliman.com/newyorkcity/associate/527-a-551-alexb/alexander-boriskin

The Michael Lorber Team Page:

https://themichaellorberteam.elliman.com/

Connect with Alexander on LinkedIn:

https://www.linkedin.com/in/alexander-boriskin-1bb80543

---

** FREE **

Macro Monday - LIVE every Monday at 11am!

We break down what's happening in the credit, equity, and NYC real estate markets!

** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! **

Our customized pricing analysis 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 [email protected] and let us know what you need!

https://www.urbandigs.com/advisor/

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/

Got questions? We got answers! Visit our forum:

https://www.urbandigs.com/forum/index.php?forums/main-forum.2/