Recent content by Eric Levine

Wonder if the composition of the off market units is something to dig into...would be interesting to see a distribution by DOM of the off market stuff as well as # of price cuts/% discount (that clearly didn't help drive demand). Given the large volume, it interesting how bifurcated the market...

Thank you.

Noah- WouId you mind walking through the calculation of PPSF on CS date vs. saledate? I get the concept but would love a clarification on the detail of the calculation. If a unit goes into contract on 1/1/20 and the sale is recorded on 3/1/20, the actual PPSF is then put into the average for...

Seller says sell! No kidding, that's why they hired you.

% rent is interesting because it also encourages landlords to be better "partners" with their tenants, rather than simply rent collectors. Of course not every landlord wants to be so involved with their tenants, but it certainly makes them care more about who their tenants are and what their...

Thanks! If you take the 1,607 contracts this April, plus the ~200 from April '20, your average is ~900. A touch below '18 and '19 April levels. Will be interesting to see how this plays out for the next few months.

Would be interesting to plot monthly subway ridership against rental activity. The former being a proxy for getting back to work and some level of improved overall activity in the city. Your point about churn makes a ton of sense. I'm also seeing a decent amount of activity crossing back into...

Noah- Have you looked at two-year stacked data at all for the trailing 12 months? Would be interesting to see what the "smoothed" deal activity looks like, if you consider the current market is driven in some part by pent-up demand vs. last year which of course was completely COVID impacted...

Any sense for what's the most accurate data for units currently on the market available for rent in Manhattan? And what's the denominator being used to calculate vacancy rate? If you read the articles above, there's a pretty wide difference between the stats that Elliman/Miller Samuels...