Top Agents Give Their Take on the New York City Real Estate Market

Photograph: MarkusMainka/Shutterstock.com

Known as the city that never sleeps, New York City is a place unlike any other. Of course, its real estate market hardly ever take a slumber either. It’s fast-paced, diverse, luxurious, and always drawing attention worldwide.

To keep up with this complex and competitive landscape, you’ve got to talk to top agents who know the city and its inventory inside and out. For the New York Design Guide 2026, the editors of NYC&G checked in with experts about what’s going on with the city’s real estate scene currently and what stays the same, no matter the market conditions. Here are a few things they had to say, but you can buy a copy to read more.

What are NYC’s hottest markets at the moment?

“Brooklyn Heights, Cobble Hill, Park Slope, and Downtown Manhattan remain strong. The Upper East Side offers value in well-run co-ops.” – Ben Jacobs, Douglas Elliman

“New York has so many incredible emerging and historic neighborhoods that continue to see high demand. Lately, I’ve seen an influx of clients looking in Brooklyn, specifically Brooklyn Heights, Cobble Hill, Carroll Gardens, Boerum Hill, and Fort Greene. We also always have strong demand for prime West Village, the northwest pocket of Tribeca, the Upper East and West Sides near the park, and West Chelsea. Dimes Square downtown is another emerging area that I’m getting a lot of requests for.” – Carl Gambino, Compass

“Long Island City, Nolita, and the West Village are drawing attention from buyers looking for lifestyle and character.” – Jessica Chestler, Douglas Elliman

“The Downtown Manhattan neighborhoods like Chelsea, The Village, and FiDi are still buzzing. Downtown is known for its more neighborhood feel and access to many of the latest restaurants, stores, and nightlife. However, it is important to note that we are seeing serious activity across the city. Midtown and the Upper East and West Sides are also desirable for many. These areas offer proximity to Central Park and many iconic landmarks and museums.” – Steve Gold, The Corcoran Group

Photograph by Peter Murdock, Styled by Robert Rufino | Design: Alexander Reid | From the feature “Refuge in the Reef” in Spring 2025 NYC&G issue

What is the best part about NY real estate?

“There’s so much I love about New York real estate, but what excites me most is the city’s rich history and the incredibly diverse range of buyers and sellers we get to interact with. We have the privilege of working with some of the most interesting people in the world.” – Carl Gambino

“The market is resilient and consistently attracts global interest, which keeps opportunities alive in every cycle.” – Ben Jacobs

“It’s iconic. Every building tells a story, and every neighborhood has its own unique feel. Whether it’s a Tribeca loft or a Fifth Avenue co op, New York has properties that work for any lifestyle. My job is to find my clients the best fit for their unique wants and needs.” – Steve Gold

“Every neighborhood has its own energy and identity. Buying in New York is as much about lifestyle as it is about property.” – Jessica Chestler