Sean McPeak, founder of the Empire Collective at Serhant, sits down with Noah Rosenblatt and John Walkup to talk markets today. Sean's first market was in 2009, so in 2023, with buyside and sellside activity below typical seasonal levels, his experiences and lessons learned are super relevant. All in all, with an engaging mix of insights and real-world wisdom, Sean offers a grounded perspective on navigating Manhattan's complex real estate environment. Something for everyone here!

Highlights:

01:20 - What's going on in the markets today?

02:07 - Days on market not uniform

03:23 - Renovated vs unrenovated

04:51 - Seller sentiment today

07:21 - Could resetting ARMs bring new inventory?

09:02 - The price cut conversation

10:46 - Shift seen in closing prices, not yet asking prices

13:00 - Getting creative to get deals done

14:19 - Advice to new agents

The Home Team page:

https://hometeamnyc.com/

John's page at Elegran:

https://nyc.elegran.com/agents/john-dugan

*** UrbanDigs Advisor ***

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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/

John Dugan, one of the top producers at Elegran | Forbes Global Properties and founder of the Home Team, sits down with Noah Rosenblatt and John Walkup of UrbanDigs to talk about the markets as they are (and as they aren't) today. John posts huge numbers in sales and rentals and can speak to all sides of the market. Moreover, his background serving as a Marine and working in a Michelin-starred restaurant taught him the power of training the mind. Good stuff!

Highlights:

02:33 - It's a cash buyer's playground out there

04:40 - Unrenovated units getting penalized

08:05 - Tracking the shifting market

11:13 - Where are we now?

13:06 - Nurturing buyers

15:11 - "An untrained mind is a weak mind"

18:17 - Thinking outside the box to get new leads

The Home Team page:

https://hometeamnyc.com/

John's page at Elegran:

https://nyc.elegran.com/agents/john-dugan

*** UrbanDigs Advisor ***

Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount. The ROI is literally off the charts! Email [email protected] and let us know what you need.

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/

Seth Levin, one of the perennial top producers at Keller Williams NYC and co-founder of the eponymous LevinKong Team, sits down with Noah Rosenblatt and John Walkup of UrbanDigs to talk about the markets as they are today. Seth brings over 20 years of experience to the table and shares his thoughts on the bipolar nature of today's market, what's winning (and what's not), as well as insights into discounts, why he's always moving forward, and advice for new agents. Good stuff!

Highlights:

00:37 - "This is the most schizophrenic market that I've seen in over 20 years"

02:46 - Who's buying today?

05:05 - Inventory winners and losers

10:50 - To understand discounts, understand motivations

14:35 - Being an idea presenter, not an order taker

20:32 - Don't dwell on the past. Look forward

23:32 - Advice for new agents

LevinKong Team page:

https://levinkong.com/meet-the-team/

Seth's page at KWNYC:

https://kwnyc.com/associate/seth-levin/

*** UrbanDigs Advisor ***

Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount. The ROI is literally off the charts! Email [email protected] and let us know what you need.

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 are joined by Julianne Bond, the Sotheby's powerhouse. With over $1B in sales, Julianne has traded every kind of market, and she leans on that experience to break down the current market: the good, the bad, and the ugly. As usual, there are great nuggets, including how unrenovated units are getting punished, how buyer preferences are changing, and how to get through to stubborn sellers. Good stuff ahead!

Highlights:

0:41 - The challenges of today's market, especially for unrenovated units

3:30 - Buyers prefer condos

10:18 - Strategies that get through to sellers and the questions to ask

16:35 - The best thing to learn on day one

18:23 - Building relationship as an advisor

Julianne's Team page:

https://www.thejuliannebondteam.com/

Julianne's page at Sotheby's:

https://www.sothebysrealty.com/eng/associate/180-a-df22021812161011781/julianne-bond

*** UrbanDigs Advisor ***

Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount! Email [email protected] and let us know what you need.

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, Frederick Warburg Peters, the President of Coldwell Banker Warburg, sits down to join Noah Rosenblatt and John Walkup of UrbanDigs to talk about NYC's residential real estate markets as they are today in the summer of 2023. Fred is a legend, and in this wide-ranging conversation, he touches on, among other things, what's happening right now, challenges for market participants, working strategies, and why AI needs a human touch. Great stuff on everything from today's market to growing your business from one of the best in the business!

Highlights:

0:50 - Why today's market is challenging

5:14 - Thoughts on renovation

7:45 - Summer, interest rates, and other issues

11:22 - Increasing price reductions means increasing opportunities

16:50 - Strategies for buyers, sellers, and agents

20:27 - Using data to boost success

25:27 - Thoughts on AI

34:15 - Why the human touch remains important

Fred's page at CB Warburg:

https://cbwarburg.com/agent/frederick-warburg-peters/

Fred's Forbes Articles:

https://www.forbes.com/sites/fredpeters

*** NEW ***

Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount! Email [email protected] and let us know what you need.

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/

Ben Blumenthal, the founder and principal broker at Noah & Co. and a specialist in Midtown Manhattan office space, sits down with Noah Rosenblatt and John Walkup of UrbanDigs to talk about the NYC office sector. Ben shares his thoughts on the current state of the office market in the city, the ability of landlords to manage change, the impact of remote work, cap rates, and much more. Ben knows the nuances and intricacies of this market very well, and it shows. A must-watch/listen for NYC real estate folks!

Highlights:

0:53 - What's happening in the NYC office market?

3:03 - Vacancy rates

6:00 - Landlord concessions

7:45 - Remote work and the evolution of the office market

13:10 - Cap rates

14:51 - Liquidity

17:20 - Can landlords withstand the drawdown?

18:47 - Looking ahead & the inspiration of NYC

Ben's Team Page and Noah & Co.

https://www.noahre.com/team

Link to the article mentioned in the podcast:

https://www.curbed.com/article/nyc-office-real-estate-rechler-rxr-project-kodak.html

*** NEW ***

Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a discount! To get started, email [email protected] and let us know what you need.

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/

Real estate attorney superstars Pierre Debbas and Jonathan Helfer of Romer Debbas, LLP sit down with Noah Rosenblatt and John Walkup of UrbanDigs to talk about the NYC real estate market today. Pierre and Jonathan see a tremendous amount of deal flow ranging from plain vanilla coops to ultra-luxury condos, so they have real-time insight into the state of the market, negotiability, and concessions, as was as what's motivating buyers, sellers, and developers these days. They are two of the best!

Highlights:

0:58 - State of the market

4:59 - Negotiability and concessions

8:31 - Buyer fears vs urgency

9:51 - High end doing ok

11:42 - Attorneys as colleagues, not competitors

12:49 - Contract turnaround time these days

13:34 - Financing contingencies and multiple offers situations?

14:30 - New devs and closing thoughts

Pierre's page at Romer Debbas

https://www.romerdebbas.com/staff/pierre-e-debbas/

Jonathan's page at Romer Debbas

https://www.romerdebbas.com/staff/jonathan-helfer/

*** NEW ***

Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a discount! To get started, email [email protected] and let us know what you need.

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/

Commercial Hall of Famer Bob Knakal, the Senior Managing Director and Head of New York Private Capital Group at JLL, sits down with Noah Rosenblatt and John Walkup of UrbanDigs to talk NYC real estate. In a wide-ranging conversation, Bob shares his thoughts on the current commercial real estate market(s) in New York City, land values, cap rates, the importance of finding your specialty, the value of hard work, why offices foster learning, and much more. Bob's a living legend which makes this a must-listen!

Highlights:

0:46 - What's happening in the markets today?

6:45 - Becoming an expert

10:22 - Thoughts on the office sector

13:23 - Data and resources to track

15:09 - Framing challenges as opportunities

16:25 - It's ok to say no: advice on growing business

19:55 - Why smaller sites are more marketable

21:00 - Closing thoughts

Bob's page at JLL:

https://www.us.jll.com/en/people/bob-knakal

*** NEW ***

Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a discount! To get started, email [email protected] and let us know what you need.

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, on a very special episode of Talking Manhattan, Noah and John sit down with Bruce Martin of Still Lake Capital for a dive into today's macroeconomic environment. Bruce is an investor with deep experience in both credit and equities, so with the Fed signaling higher rates on the way and a growing disconnect between the bond and stock markets, he is the perfect guest to help connect the dots back to NYC real estate. Join us for an engaging and highly relevant conversation!

Highlights:

0:53 - What's going on out there?

7:05 - Higher rates vs higher stocks

15:17 - The power of Fed speak

17:08 - Commercial real estate issues

22:19 - The NYC connection

*** NEW ***

Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a discount! To get started, email [email protected] and let us know what you need.

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 sit down with Nicole Beauchamp of Engel & Völkers to talk about what's happening in the market today. As pretty much everyone knows, Nicole is a widely respected, established veteran who is super connected to the NYC and global markets, so she knows a thing or two about changing markets and difficult conditions. Nicole talks about the value of data in times like these, what social media conversations to have and with who, and how to plant the seeds of growth for 2023 and beyond. As always, good stuff!

Nicole's page at Engel & Völkers:

https://nicolebeauchamp.evrealestate.com/bio/nicolebeauchamp

Highlights:

0:50 - What's going on out there?

5:00 - Buyer sentiment

8:30 - Understanding data and logistical timeframes

12:20 - Bridging the gap between buyer and seller

18:00 - Social media best practices

*** NEW ***

Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a discount! To get started, email [email protected] and let us know what you need.

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/