STATEN ISLAND, N.Y. \u2014 In the first five months of 2025, approximately 56% of New York City homes were purchased with a mortgage. And, according to real estate data, Staten Island stood out as the city\u2019s most mortgage-reliant market: A whopping 77% of borough buyers relied on financing to purchase a home.<\/p>\n
\u201cThe cash versus mortgage split is a proxy for buyer type, not just a matter of preference,\u201d noted a report penned by Eliza Theiss for Property Shark<\/a>. \u201cCash buyers tend to be investors and high-net-worth individuals looking for speed and negotiating power. Mortgage-backed buyers are typically end users: First-time buyers, families or long-term residents purchasing primary homes rather than investment properties.\u201d<\/p>\n And Theiss said the fact that 60% of all Manhattan sales closed without financing. \u2014 the highest share citywide \u2014 illustrates how concentrated wealth and liquidity are reshaping ownership patterns. <\/p>\n \u201cIn some of NYC\u2019s most competitive markets<\/a>, cash deals signal speed, purchasing power and cash buyers\u2019 preference for higher-end homes,\u201d Theiss wrote.<\/p>\n But in the outer boroughs, including Staten Island, cash buys were not as prevalent.<\/p>\n \u201cAs is often the case with the fifth borough, Staten Island stood apart,\u201d the report noted. \u201cNo neighborhood passed the 50% threshold [of cash transactions] \u2014 a reflection of its deeply mortgage-reliant market. Still, pockets like Prince\u2019s Bay and Rossville recorded cash premiums, hinting at small-scale investor demand and new residents flowing in from pricier boroughs like Brooklyn.\u201d<\/p>\n And while the data signaled that the New York City ownership landscape is shifting, there is no definitive buyer profile.<\/p>\n \u201cOverall, there is no single NYC buyer,\u201d the report concluded. \u201cBut together, their decisions offer a detailed look at who\u2019s buying into the city right now \u2014 and how those choices are reshaping ownership across the five boroughs.\u201d<\/p>\n If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement<\/a> and agree that your clicks, interactions, and personal information may be collected, recorded, and\/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"STATEN ISLAND, N.Y. \u2014 In the first five months of 2025, approximately 56% of New York City homes…\n","protected":false},"author":3,"featured_media":212512,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,405,403,5226,5225,5228,5227,67,586,132,5230,68,2969],"class_list":{"0":"post-212511","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-new-york","10":"tag-new-york-city","11":"tag-newyork","12":"tag-newyorkcity","13":"tag-ny","14":"tag-nyc","15":"tag-united-states","16":"tag-united-states-of-america","17":"tag-unitedstates","18":"tag-unitedstatesofamerica","19":"tag-us","20":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115173737327418728","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/212511","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=212511"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/212511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/212512"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=212511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=212511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=212511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}