{"id":188571,"date":"2025-08-31T03:31:14","date_gmt":"2025-08-31T03:31:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/188571\/"},"modified":"2025-08-31T03:31:14","modified_gmt":"2025-08-31T03:31:14","slug":"frances-katzen-on-nyc-market","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/188571\/","title":{"rendered":"Frances Katzen on NYC Market"},"content":{"rendered":"

\t\t\t\t\"NYC,\t\t\t<\/p>\n

Frances Katzen of Douglas Elliman is representing Penthouse 15A at 108 Leonard Street, now asking $10.5 million.<\/p>\n

Melanie Greene \/ Frances Katzen <\/p>\n

As summertime in the Hamptons draws to a close, Behind The Hedges is heading back to Manhattan to check the pulse of New York City real estate. Frances Katzen, an associate broker at Douglas Elliman in the city, is a powerhouse on the real estate scene with a deep understanding of the market.<\/p>\n

The founder and leader of The Katzen Team, she has achieved more than $3 billion in total sales and consistently sells in excess of $350 million annually. She hosts a highly respected podcast, The World of Real Estate with Frances Katzen, talking trends and market data, so she was ready for our questions.<\/p>\n

BTH:<\/strong> As summer on the East End wraps up, please catch us up on the New York City real estate market. What\u2019s the latest?<\/p>\n

\"\"Frances Katzen<\/p>\n

FK: <\/strong>New York City\u2019s real estate market is entering the fall season with renewed momentum. Sentiment among buyers and sellers remains cautiously optimistic, despite ongoing political headwinds. In Manhattan, sales activity is on the rise, with new contracts in July climbing more than 20% year-over-year. While inventory levels have increased, demand has kept pace and new signed contracts continue to outstrip the flow of new listings. Activity is especially strong at the top end of the market, with the median price now exceeding $6.5 million, an increase of nearly 18% from last year, while almost 70% of deals closed in cash. Global and domestic demand for ultra-luxury trophy properties remains strong and records are still being broken, highlighted by several significant Downtown transactions, including a record-setting $80 million property that recently went under contract.<\/p>\n

BTH:<\/strong> How are buyers and sellers factoring the mayor\u2019s race \u2014 and the potential change in leadership \u2014 into their decisions about timing in the market?<\/p>\n

FK:<\/strong> Election noise creates some hesitation, and I\u2019ve had a number of calls from concerned owners who are closely watching how the mayor\u2019s race unfolds. Some clients are moving forward with selling investment properties, others see this moment as a buying opportunity, while a portion are waiting on the sidelines until the election wraps up. Need-based buyers and sellers are still transacting, because life events don\u2019t wait for politics.<\/p>\n

BTH:<\/strong> With the upcoming mayor\u2019s race putting housing and development policy front and center, how much do you think political leadership will actually influence the trajectory of the NYC real estate market over the next few years?<\/p>\n

FK: <\/strong>If the city penalizes investment by pushing heavier burdens onto higher-value neighborhoods or by discouraging developers and private landlords, you reduce the incentive to build and maintain housing. Less capital flows in, projects stall, and the supply squeeze intensifies, which ultimately hurts renters and buyers across the board. Regardless of the outcome, New York has a long history of adapting and thriving. The fundamentals \u2014 global draw, deep employment base, cultural gravity \u2014 remain intact, and that\u2019s why this market endures.<\/p>\n

For more on Katzen\u2019s listing at 108 Leonard, click here<\/a>.\u00a0This article appeared in the Labor Day weekend issue of Behind The Hedges in Dan\u2019s Papers. Tap this link<\/a> to read the full digital version. For more on Manhattan real estate, explore behindthehedges.com<\/a>.\u00a0<\/p>\n

\"NYC,Penthouse 15A at 108 Leonard spans two floors and has plenty of outdoor space, too.Melanie Greene \/ Frances Katzen<\/p>\n","protected":false},"excerpt":{"rendered":"Frances Katzen of Douglas Elliman is representing Penthouse 15A at 108 Leonard Street, now asking $10.5 million. Melanie…\n","protected":false},"author":3,"featured_media":188572,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,105554,105555,5249,405,403,5226,5225,5228,5227,67,586,132,5230,68,2969],"class_list":{"0":"post-188571","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-douglas-elliman","10":"tag-frances-katzen","11":"tag-manhattan","12":"tag-new-york","13":"tag-new-york-city","14":"tag-newyork","15":"tag-newyorkcity","16":"tag-ny","17":"tag-nyc","18":"tag-united-states","19":"tag-united-states-of-america","20":"tag-unitedstates","21":"tag-unitedstatesofamerica","22":"tag-us","23":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115121270567966871","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/188571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=188571"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/188571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/188572"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=188571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=188571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=188571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}