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Giampaolo Ienna
Your Exclusive Access to New York’s Luxury Residential Real Estate
EXPERT INSIGHTS, STRATEGIC INSIGHTS
Giampaolo Ienna brings over a decade of hands-on experience and deep industry insight to New York City's real estate market, specializing in off-market properties and providing tailored guidance for clients at every stage.
ABOUT GIAMPAOLO
Giampaolo Ienna, ignited by a passion for real estate in 2014, brings over a decade of hands-on experience to New York City's dynamic market. A seasoned property owner and investor, Giampaolo navigates the complexities of real estate with precision and a deep understanding of industry nuances.
As the founder of The Ienna Team at Elegran Forbes Global Properties, he specializes in off-market properties and has made a significant impact across Manhattan and beyond. With a visionary perspective on property value and design, instilled by his architect parents, Giampaolo offers expert insights, strategic advice, and personalized support throughout every stage of the real estate process.
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NEW LISTINGS TODAY
$3,495,0004 Beds3 Baths3,000 SqFt58 PIERREPONT Street #1, Brooklyn, NY 11201
Listing Courtesy of Serhant
$450,0003 Beds1 Bath50 KENILWORTH Place #5M, Brooklyn, NY 11210
Listing Courtesy of Brooklyn Real Property Inc
$675,0001 Bed1 Bath1,348 SqFt245 E 54th Street #23H, Manhattan, NY 10022
Listing Courtesy of R New York
$2,425,0003 Beds3 Baths1,596 SqFt285 W 110TH Street #2A, Manhattan, NY 10026
Listing Courtesy of Douglas Elliman Real Estate
$10,0002 Beds2 Baths1,232 SqFt218 W 103rd Street #5C, Manhattan, NY 10025
Listing Courtesy of Compass
THE LATEST INDUSTRY NEWS
10 NYC Neighborhoods to Watch in 2025
As New Yorkers increasingly look across the East River for housing, Brooklyn and Queens will emerge as dominant markets in New York City in 2025. Both buyers and renters are prioritizing home amenities more and more, suggesting demand is likely to rise in neighborhoods where new developments are abundant but offered at lower price points than in Manhattan. We define our top 10 NYC Neighborhoods to Watch in 2025 as those that saw the greatest increase in searches on StreetEasy® among buyers and renters from 2023 to 2024. Six of the 10 neighborhoods are in Brooklyn. Three neighborhoods in Queens scored a spot, a decline from five last year, with the final spot going to Manhattan.1. Ridgewood, Queens2. Greenwood, Brooklyn3. Long Island City, Queens4. Sunnyside, Queens5. Windsor Terrace, Brooklyn6. Fort Greene, Brooklyn7. Prospect Heights, Brooklyn8. Crown Heights, Brooklyn9. Prospect Lefferts Gardens, Brooklyn10. Morningside Heights, Manhattan1. Ridgewood, QueensYoY increase in searches:+13.2%Median asking rent:$3,250 (+8.3% YoY)Median asking price:$1.295M (+8.4% YoY)Search homes for rent →Search homes for sale →For the second year in a row, Ridgewood is our #1 Neighborhood to Watch in 2025. The Queens neighborhood has been gaining popularity as an alternative to Bushwick, Brooklyn, its immediate neighbor to the south. Though Ridgewood's median asking rent of $3,250 in 2024 isn't a huge bargain compared to $3,327 in Bushwick, renters seeking a more residential feel - or simply a change of scenery - have been flocking to the neighborhood. As one Reddit commenter put it: "Bushwick is for partying, Ridgewood is for living." The growing buzz is reflected in Ridgewood's 13.2% year-over-year jump in searches on StreetEasy, and its 8.3% growth in median asking rent: the second-highest increase on our list. Buyers are catching on, too, as Ridgewood also saw the largest annual rise in median asking price on this year's list, increasing 8.4% to about $1.3M in 2024.Though a number of new developments have been added, much of Ridgewood's housing stock is long-established, constructed between 1905 and 1915. A densely populated neighborhood, its numerous historic rowhouses are known for their yellow brick facades. Commercial corridors lined with shops, cafes, restaurants, and other local businesses are found along major thoroughfares like Myrtle, Forest, and Metropolitan Avenues. New Yorkers from all five boroughs travel to Ridgewood for Nowadays, a year-round indoor/outdoor venue known for its cocktails, food trucks, and daytime dance parties in the summer, including Mister Sundays. Ridgewood is also well-connected by public transit: the M train runs through the heart of the neighborhood, while the L stops at the Myrtle–Wyckoff and Halsey Street stations.2. Greenwood, BrooklynYoY increase in searches:+9.0%Median asking rent:$3,250 (–1.1% YoY)Median asking price:$1.5M (–3.2% YoY)Search homes for rent →Search homes for sale →Jumping from eighth place on last year's list all the way to second is Greenwood, Brooklyn, also known as Greenwood Heights. Nestled between Park Slope and Sunset Park, Greenwood had a 9% rise in StreetEasy searches from 2023 to 2024. Its median asking rent of $3,250 fell 1.1% from the year before, the largest drop on the list. The neighborhood's sales market also saw a price decline, with the median asking price falling 3.2% to $1.5M. Both buyers and renters have limited inventory to choose from, but can find homes in mostly low-rise buildings and a small number of new developments. Greenwood is known for its eponymous cemetery, which is more than just the final resting place of Leonard Bernstein, Jean-Michel Basquiat, and other local legends - providing 478 acres of hills, valleys, ponds, and paths, it's the neighborhood's central green space. Admission is always free, and visitors can enjoy walking and trolley tours, art installations, and seasonal events. Numerous bars, restaurants, and cafes are dotted along 4th and 5th Avenues, while the D, N, and R trains provide access to Downtown Brooklyn, DUMBO, and Lower Manhattan.3. Long Island City, QueensYoY increase in searches:+8.5%Median asking rent:$4,148 (+3.7% YoY)Median asking price:$1.123M (–4.4% YoY)Neighborhood guide →Search homes for rent →Search homes for sale →At #3, Long Island City is perhaps the most convenient neighborhood on our list. Buyers and renters are drawn to the modern condos, waterfront location, and - most importantly - proximity to Manhattan, with a 10-minute subway commute to Midtown. Its median asking rent of $4,148 is the highest on our list, but it appears this hasn't deterred many renters, as StreetEasy searches in Long Island City jumped 8.5% year-over-year in 2024. As hybrid work trends continue to push New Yorkers to seek comfort and convenience at home, Long Island City's modern rental and condo buildings with sought-after amenities - outdoor space, pools, gyms, in-unit laundry, etc. - will likely bring even more interest to the neighborhood this year. In addition to popular building amenities, Gantry Plaza State Park offers a 12-acre green space and promenade along the East River with prime views of Manhattan.Learn more about Long Island City in our Know the Neighborhood feature.4. Sunnyside, QueensYoY increase in searches:+7.8%Median asking rent:$2,500 (+4.2% YoY)Median asking price:$429K (+4.9% YoY)Neighborhood guide →Search homes for rent →Search homes for sale →Just east of Long Island City, Sunnyside is the most affordable option on our list for both buyers and renters, and offers a relatively quick commute to Manhattan via the 7 train. In 2024, searches in Sunnyside soared 7.8% from the year before, suggesting rising demand. At just $429K, Sunnyside's median asking price is less than half that of any other neighborhood on our list. Buyers can find co-ops with old-school New York charm, as well as single- or multi-family homes with private backyards. Despite increasing 4.2% year-over-year in 2024, the neighborhood's $2,500 median asking rent is still well below the borough-wide median of $2,950, and $4,148 in nearby Long Island City. Beyond its affordable price point, the neighborhood is known for its scenery and green space. Skillman Avenue, a lush tree-lined street and main thoroughfare, is filled with beautiful art deco co-ops, cocktail bars, cafes, and more. Residents of Sunnyside Garden Apartments also enjoy access to the private 3.5-acre Sunnyside Gardens Park, which offers sports fields and playgrounds.5. Windsor Terrace, BrooklynYoY increase in searches:+7.2%Median asking rent:$3,592 (+15.9% YoY)Median asking price:$1.29M (+3.2% YoY)Search homes for rent →Search homes for sale →Windsor Terrace might be Brooklyn's best-kept secret: it's just blocks from Prospect Park, but offers lower price points than other neighborhoods surrounding the park. Its median asking price rose 3.2% to nearly $1.3M in 2024, while the median asking rent jumped a dramatic 15.9% to $3,592, highlighting the neighborhood's rising demand from renters. Yet, these medians remain well below those in nearby Park Slope, where the median asking price was $1.75M and median asking rent was $3,950. In addition to charming rowhouses, targeted zoning reforms in small areas of Windsor Terrace have led to a handful of modern rental buildings popping up. A large portion of the units in these buildings are rent-stabilized apartments with income restrictions, expanding the neighborhood's affordable housing options. The recent effort may be paying off, with searches in Windsor Terrace rising 7.2% from the year before, putting it in fifth place among our top Neighborhoods to Watch in 2025.6. Fort Greene, BrooklynYoY increase in searches:+7.2%Median asking rent:$3,950 (+3.8% YoY)Median asking price:$1.622M (–4.3% YoY)Neighborhood guide →Search homes for rent →Search homes for sale →A finalist in Reader's Digest's 2024 “nicest places in America” contest, Fort Greene comes in at #6 on our list of Neighborhoods to Watch in 2025. Wedged between Downtown Brooklyn, Boerum Hill, and Clinton Hill, the neighborhood is equal parts serene and culturally vibrant. The focal point of the community is the 30-acre Fort Greene Park, which is the oldest park in Brooklyn and steeped in Revolutionary War history. StreetEasy searches in Fort Greene increased 7.2% in 2024, reflecting the neighborhood's growth in popularity for its charming brownstones, artsy vibe, and central location. In addition to the park, highlights include the Brooklyn Academy of Music, Greenlight Bookstore, and Brooklyn Flea, as well as a buzzy restaurant scene. Surprisingly, Fort Greene's median asking price fell by 4.3% between 2023 and 2024, landing at just over $1.6M. Its median asking rent in 2024 was $3,950, higher than the borough-wide median of $3,400.7. Prospect Heights, BrooklynYoY increase in searches:+6.6%Median asking rent:$4,055 (–0.9% YoY)Median asking price:$1.215M (+1.2% YoY)Neighborhood guide →Search homes for rent →Search homes for sale →Neighborhoods surrounding Prospect Park dominated our list this year, and Prospect Heights - situated north of the park - is no exception. With a median asking price of $1.2M in 2024, buyers may find Prospect Heights to be a slightly more affordable alternative to nearby Park Slope and Fort Greene. Though it fell nearly 1% last year, the neighborhood still boasts a fairly steep median asking rent of $4,055 - $655 more than the Brooklyn median. Prospect Heights is somewhat of a cultural enclave in the borough, with Barclays Center, the Brooklyn Central Library, and the Brooklyn Museum studding its borders. Architecturally, the neighborhood is quintessentially Brooklyn, offering a true mix of sprawling pre-war complexes, smaller mixed-use buildings, modern new developments, and historic brownstones. The latter has landed a section of the neighborhood, known as the Prospect Heights Historic District, on the National Register of Historic Places.8. Crown Heights, BrooklynYoY increase in searches:+6.4%Median asking rent:$3,150 (+3.3% YoY)Median asking price:$1.175M (+2.3% YoY)Neighborhood guide →Search homes for rent →Search homes for sale →East of Prospect Heights is Crown Heights, spanning a huge 55-block section of central Brooklyn across main artery Eastern Parkway. Crown Heights has been a hotbed for new developments in recent years, expanding renters' and buyers' options in the neighborhood. Much like Prospect Heights, Crown Heights offers a mix of historic townhomes and smaller mixed-use and multi-family buildings. While its median asking price sits just $75,000 above the Brooklyn-wide median, the neighborhood's median asking rent falls $250 below the borough median, making Crown Heights a great option for renters seeking new buildings with amenities on a budget. Beyond its proximity to Prospect Park, Crown Heights is home to several other smaller parks, as well as the Brooklyn Botanic Garden, ensuring any nature-seeker feels right at home. Crown Heights is also a great destination for foodies, with restaurants offering tastes from around the world including Jamaica, Eastern Europe, Senegal, Spain, Nigeria, and more. On summer nights, residents can also find locally run pop-up barbecues on many street corners.9. Prospect Lefferts Gardens, BrooklynYoY increase in searches:+5.9%Median asking rent:$2,950 (–0.5% YoY)Median asking price:$1.195M (+7.7% YoY)Search homes for rent →Search homes for sale →Just south of Crown Heights along Prospect Park lies Prospect Lefferts Gardens, otherwise known as PLG to locals. With a median asking rent of just $2,950 - $450 below the borough median - PLG is an even more affordable alternative for renters than nearby Crown Heights and Prospect Heights. Its large, pre-war rental buildings offer classic charm and massive layouts, giving renters a real bang for their buck. While its nearly $1.2M median asking price is slightly above the Brooklyn median of $1.1M, and had a 7.7% increase since 2023, PLG is the perfect destination for buyers who may have been contemplating a move out of the city. Beyond its beautiful and diverse array of townhouses, PLG's Lefferts Manor Historic District offers blocks of stunning, detached single-family homes with quaint front yards and driveways along tree-lined side streets. Meanwhile, main thoroughfares Nostrand, Rogers, and Flatbush Avenues offer a variety of coffee shops, bars, and restaurants. Of course, the main draw of the neighborhood is its proximity to Prospect Park; since PLG spans just four avenues from east to west, every resident is within a 20-minute walk to one of the park's gates.10. Morningside Heights, ManhattanYoY increase in searches:+5.8%Median asking rent:$4,000 (+2.1% YoY)Median asking price:$1.257M (+2.0% YoY)Neighborhood guide →Search homes for rent →Search homes for sale →Located in Upper Manhattan, between the Upper West Side and 125th Street, Morningside Heights is a lively, charming neighborhood with a balanced mix of quiet residential streets and bustling commercial blocks. It's home to several academic institutions including Columbia University, Barnard College, and the Manhattan School of Music, and with them comes a plethora of fast casual restaurants, coffee shops, bookstores, and bars. Popular businesses include the longstanding Hungarian Pastry Shop, Book Culture, board game cafe Hex & Co, and Tom's Restaurant, whose facade you may recognize from Seinfeld. Perhaps the most appealing part of the neighborhood is its abundant green space. If the 30-acre Morningside Park isn't enough, residents also have easy access to Riverside Park, the northern section of Central Park, and the Columbia University quads. The 2024 median asking price in Morningside Heights was about $1.3M, and the neighborhood saw a 5.8% increase in searches on StreetEasy, drawing home shoppers as a slightly less expensive alternative to the Upper West Side, where the median asking price was almost $1.6M.MethodologyWe identified our 10 NYC Neighborhoods to Watch in 2025 by ranking the neighborhoods by annual changes in user searches on StreetEasy from 2023 to 2024. For robustness, we only considered neighborhoods that were within the top 30% by search volume and had at least 100 for-sale and 100 for-rent listings on StreetEasy in 2024. Interested in buying a home in NYC? Get in touch with our complimentary StreetEasy Concierge to learn about the NYC buying market and more.CONNECT NOW StreetEasy is an assumed name of Zillow, Inc. which has a real estate brokerage license in all 50 states and D.C. See real estate licenses. StreetEasy does not intend to interfere with any agency agreement you may have with a real estate professional or solicit your business if you are already under contract to purchase or sell property. All data for uncited sources in this presentation has been sourced from Zillow data. Copyright © 2025 by Zillow, Inc. and/or its affiliates. All rights reserved.
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Michelle Williams' House Drops Asking Rent to $22K/Month
Golden Globe Award-winning actress Michelle Williams is no stranger to Brooklyn real estate — she’s scooped up plenty of amazing properties in the borough over the years. Undeniably one of her most impressive properties is the “Tara of Prospect Park,” a 1910-built home that was in much disarray when she bought it in 2015 for $2.5 million. Often called the Gone with the Wind house, 1440 Albemarle Road is a staple of the Prospect Park South Historic District. The massive 8-bedroom, 9-bathroom home features several decks and patios, huge columns, bay windows, and even an inground swimming pool.The home first went on the rental market in September 2024 with an original asking rent of $35,000/month. In late December, that price dropped by $13K a month to a cool $22K. Here’s everything to know about the home. 1440 Albemarle Road Price $22,000 Space 8 beds, 7 baths Neighborhood Prospect Park South Borough Brooklyn Check out the rental listing for this one-of-a-kind home. View Listing The DetailsMeasuring in at over 6,500 square feet, this home boasts 8 bedrooms, 6 full bathrooms, and 3 half-bathrooms. But the impressive numbers don’t stop there: it also has two libraries, two laundry rooms, two dishwashers, and six(!!!) decks. Located on an oversized corner lot, the home was designed by architects Robert Bryson and Carroll Pratt more than 100 years ago, and has since been meticulously renovated by Matiz Architecture and Workstead Design. It certainly looks different compared to when Williams bought it in 2015! Both the interior and exterior have been restored and designed with beautiful colors, finishes, and fixtures.A Peek Inside the HomeEnter the home through a grand foyer with a curved staircase, hardwood floors with inlays, a gorgeous chandelier, and ornate molding. These details are just a preview of what you’ll find throughout the house, which has maintained many of its original details. Located off the foyer is a library with floor-to-ceiling, built-in bookshelves, currently painted all over with a beautiful blue. The library leads into the living room, which features a wood-burning fireplace with a decorative mantle, followed by the dining room, anchored by a wall of bay windows with a built-in window seat.Equally impressive is the huge kitchen, complete with radiant heated floors, custom cabinetry, and top-of-the-line appliances, like a 6-burner stove with a pot filler. Also of note is the rounded breakfast nook built into a corner of the house, offering a sunny and cozy place to eat a meal. There’s also a huge marble island with additional storage, a sink, and barstool seating. Upstairs, the top of the stairway is illuminated by a one-of-a-kind skylight with intricate stained glass details. On this floor you’ll find yet another library, plus the house’s primary suite, which features a dressing room, private office, and en-suite bath. The bathroom offers spa-level relaxation with a clawfoot tub and two pedestal sinks, plus an infrared sauna and huge glass-walled shower! What’s more, the suite has direct access to one of the home’s six decks. This floor includes three more bedroom suites, each with its own en-suite bath, plus a laundry room. The top floor has three more bedrooms, a full bathroom, a gym, and yet another deck. These bedrooms are just as beautiful as the rest, many offering bay windows, decorative fireplaces, and other stylish elements.There’s even more to see in the cellar, which houses a 1-bed, 1-bath apartment unit, an art studio, a fitness area, and another laundry room with additional storage. It’s essentially a whole second residence!Exploring the Exterior In addition to the attached decks on each floor in the front of the house, and the private decks off some of the bedrooms, there’s also a side deck off the kitchen leading to the private, inground saltwater pool — certainly not something you see every day in New York City! A brick patio surrounds the pool and is the perfect place for lounge furniture. But that’s not all: there’s also an enclosed garden with hedges and fountains. The oversized lot also includes a garage, but with a location just two blocks south of Prospect Park and one avenue from the B/Q express trains, a car is hardly necessary. Regardless, the future renter has room for two!Check out the listing at 1440 Albemarle Road, listed by Laura Rozos of Compass.
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StreetEasy, NYC, and You: 2024 Year in Review
New York City real estate in 2024 took us on quite the journey - dare we say, a hero's journey? From offering market insights to carrying out advocacy efforts to improve housing affordability, transparency, and consumer knowledge, StreetEasy® has kept a keen eye on the NYC market and empowered its participants. All the while, we've helped thousands of New Yorkers buy, sell, or rent their dream home in the city, whether it's through our detailed listings, helping buyers purchase with confidence, or connecting home shoppers with a skilled agent to guide them through the process.As we head into another year of unlocking NYC's best real estate, let's take a look back at the epic odyssey that was 2024. What were the amenities buyers and renters couldn't live without? Which neighborhoods were the talk of the town? When did New Yorkers do the most dreaming of their next place? Here's a glance at the year and all its twists, turns, and trends.Table of ContentsActivityAmenitiesMost-Searched AmenitiesUp-and-Coming AmenitiesNeighborhoodsMost-Searched NeighborhoodsMost Expensive NeighborhoodsMost Inventory GrowthActivityBusiest day of the year on StreetEasyJuly 8, 2024 (rentals)September 1, 2024 (sales)Day with most open housesSeptember 22, 2024 (sales)4,967 open houses scheduledAmenitiesThis year, across the nation, home shoppers on Zillow dreamt of homes where they could connect with nature. Words like "lake," "cabin," "ranch," and "acreage" were among the top 10 most-searched using Zillow's AI-powered natural language search tool. Intrigued? Check out the Zillow Wrapped report for more national trends in real estate and consumer behavior seen in 2024.Meanwhile, for many New Yorkers, what's inside their apartment building is just as important as what's outside it. This year's renters and buyers sought amenities that meant they could do more without leaving home - a trend we believe will continue in 2025.As a reminder, you can filter your StreetEasy search for specific amenities. Just go to the Amenities dropdown and select the ones you want. Toggle on "Must-have" for any amenities you can't live without.Screen images simulatedMost-Searched AmenitiesThe following were the most-searched amenities on StreetEasy for rentals in 2024:1. In-unit laundry2. Dishwasher3. Pets allowed4. Laundry in building5. ElevatorAnd for sales:1. In-unit laundry2. Elevator3. Doorman4. Pets allowed5. Private outdoor spaceUp-and-Coming AmenitiesAmong rental listings, the following amenities had the biggest year-over-year increases in search volume from 2023 to 2024:Pets allowed+200%Outdoor space+128%Pool+61%Parking+23%Central air conditioning+21%And among sales listings:Outdoor space+97%Pool+66%Sublets allowed+10%In-unit laundry+9%Parking+6% Hey pet parents! Zillow® predicts that in 2025, pet-friendliness will become a non-negotiable for rental properties. Among the 58% of renters nationwide who have a pet - up from 46% prior to the pandemic - nearly half said they passed on a rental because it was not pet-friendly. NeighborhoodsThere's no New York without its neighborhoods. Year after year a few quintessential nabes stand the test of time, while others surprise us in their popularity, growth, and prices. Here are the neighborhoods that saw the most searches, added the most inventory, and fetched the highest price tags in 2024.Most-Searched NeighborhoodsThe following were the most-searched neighborhoods on StreetEasy for rentals in 2024: 1. Midtown East, Manhattan 2. West Village, Manhattan 3. Williamsburg, Brooklyn 4. Greenwich Village, Manhattan 5. Chelsea, Manhattan 6. SoHo, Manhattan 7. Midtown West, Manhattan 8. Flatiron District, Manhattan 9. Gramercy Park, Manhattan 10. Tribeca, Manhattan 1. Midtown East, Manhattan2. West Village, Manhattan3. Williamsburg, Brooklyn (+1)4. Greenwich Village, Manhattan (-1)5. Chelsea, Manhattan6. SoHo, Manhattan7. Midtown West, Manhattan8. Flatiron District, Manhattan9. Gramercy Park, Manhattan10. Tribeca, Manhattan (+1)Numbers in parentheses indicate a change in ranking from the previous year.And for sales:1. Upper East Side, Manhattan2. Midtown East, Manhattan3. West Village, Manhattan4. Greenwich Village, Manhattan5. Park Slope, Brooklyn6. Chelsea, Manhattan7. Brooklyn Heights, Brooklyn8. SoHo, Manhattan9. Upper West Side, Manhattan10. Tribeca, Manhattan1. Upper East Side, Manhattan (+2)2. Midtown East, Manhattan (-1)3. West Village, Manhattan (-1)4. Greenwich Village, Manhattan5. Park Slope, Brooklyn (+1)6. Chelsea, Manhattan (-1)7. Brooklyn Heights, Brooklyn8. SoHo, Manhattan9. Upper West Side, Manhattan (+1)10. Tribeca, Manhattan (-1)Numbers in parentheses indicate a change in ranking from the previous year. Get to know the nabes! StreetEasy’s Know the Neighborhood video series features episodes on four of this year’s noteworthy nabes - among many others. Find out what it’s like to live there from residents and local real estate experts, including neighborhood highlights and tips for buying or renting. Most Expensive NeighborhoodsThese neighborhoods had the highest median asking rents in 2024: 1. Tribeca, Manhattan 2. SoHo, Manhattan 3. Flatiron District, Manhattan 4. DUMBO, Brooklyn 5. Battery Park City, Manhattan 6. Chelsea, Manhattan 7. West Village, Manhattan 8. Midtown South, Manhattan 9. Midtown, Manhattan 10. Greenwich Village, Manhattan 1. Tribeca, Manhattan2. SoHo, Manhattan3. Flatiron District, Manhattan4. DUMBO, Brooklyn5. Battery Park City, Manhattan6. Chelsea, Manhattan7. West Village, Manhattan8. Midtown South, Manhattan9. Midtown, Manhattan10. Greenwich Village, Manhattan$8,295 (+1% year-over-year)$6,100 (+14%)$5,900 (+4%)$5,750 (+1%)$5,400 (+3%)$5,240 (+5%)$5,000 (+2%)$4,900 (+4%)$4,825 (+1%)$4,800 (+2%)These neighborhoods had the highest median asking prices in 2024:1. SoHo, Manhattan2. Tribeca, Manhattan3. Carroll Gardens, Brooklyn4. Cobble Hill, Brooklyn5. Flatiron District, Manhattan6. Midtown, Manhattan7. Chelsea, Manhattan8. Boerum Hill, Brooklyn9. DUMBO, Brooklyn10. Park Slope, Brooklyn1. SoHo, Manhattan2. Tribeca, Manhattan3. Carroll Gardens, Brooklyn4. Cobble Hill, Brooklyn5. Flatiron District, Manhattan6. Midtown, Manhattan7. Chelsea, Manhattan8. Boerum Hill, Brooklyn9. DUMBO, Brooklyn10. Park Slope, Brooklyn$4,200,000 (-2% year-over-year)$3,995,000 (0%)$2,650,000 (+10%)$2,499,500 (+16%)$2,495,000 (-3%)$2,450,000 (+2%)$2,150,000 (-2%)$2,085,000 (-10%)$1,999,500 (0%)$1,750,000 (+9%)Most Inventory GrowthThe following neighborhoods had the largest growth in rental inventory in 2024: Year-Over-YearInventory GrowthTotal RentalInventory1. DUMBO, Brooklyn82%1,1042. Mott Haven, Bronx63%2,6533. Greenpoint, Brooklyn36%3,8714. East Flatbush, Brooklyn32%1,9805. Prospect Lefferts Gardens, Brooklyn25%1,8076. Williamsburg, Brooklyn20%11,8667. Bushwick, Brooklyn18%11,4698. Astoria, Queens18%9,4289. Long Island City, Queens15%5,75810. Ridgewood, Queens15%2,082And in sales inventory: Year-Over-YearInventory GrowthTotal SalesInventory1. Astoria, Queens26%9412. Greenpoint, Brooklyn17%3233. Midtown, Manhattan16%9224. Williamsburg, Brooklyn13%6755. Bushwick, Brooklyn9%4146. Woodside, Queens9%3327. Park Slope, Brooklyn8%6428. Washington Heights, Manhattan7%4429. SoHo, Manhattan6%41710. Gravesend, Brooklyn6%525Whatever 2025 has in store for you - whether you're thinking of buying, selling, renting, or continuing to live in NYC for years to come - we hope you take the next step in your journey with StreetEasy.Bon voyage!To allow for publishing by year end, all data cited in this article is based on the time frame of January-November 2024.StreetEasy is an assumed name of Zillow, Inc. which has a real estate brokerage license in all 50 states and D.C. See real estate licenses. StreetEasy Concierge team members are real estate licensees, however they are not your agents or providing real estate brokerage services on your behalf. StreetEasy does not intend to interfere with any agency agreement you may have with a real estate professional or solicit your business if you are already under contract to purchase or sell property.
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TIPS & ADVICE
RealtyHop Housing Affordability Index: August 2024
In this August edition of the RealtyHop Housing Affordability Index, we examine what American households across the 100 largest cities need to spend on housing to find out:Is homeownership affordable or possible for the average American family?American families continue facing unaffordable housing markets in most cities, yet some markets may feel relief as interest rates decrease this month. The average 30-year fixed rate went down to 6.7925%, about 20 basis points lower than the previous month. Those looking to purchase property this season should consider what others in their local housing market must pay monthly. Key FindingsHomebuyers in 88 out of the 100 major cities we analyzed would have to spend over 30% of their annual income on homeownership; that’s two less than last month.In the 25 most unaffordable housing markets nationwide, homeowners spend at least 47% of their income on homeownership costs.California remains unaffordable for average Americans. Seven of the ten least affordable markets are in California.Two of the five least affordable housing markets — Irvine, CA, and Newark, NJ — became less affordable this month.Median home prices increased in all five of the most affordable housing markets for the second month in a row: Toledo, OH; Detroit, MI; Fort Wayne, IN; Wichita, KS; and Buffalo, NY.The 5 Least Affordable Housing Markets1. Los Angeles, CALos Angeles holds onto its spot as the country’s least affordable housing market. The median list price dipped slightly to $1,075,000, and households can expect to spend 93.13% of their monthly income on mortgage payments and property taxes.2. Miami, FLMiami remains the second least affordable housing market this month. Families with a median household income of $57,117 will spend $4,186.05 monthly on their homeownership costs.3. Irvine, CAIrvine also maintained its spot in the rankings and is the third least affordable housing market. The median list price increased to $1,530,000, and homeowners with a median income must spend 84.78% of their income on mortgage payments and property taxes.4. New York, NYNew York City maintains its spot as the fourth least affordable housing market. The median list price decreased to $840,500, and households can expect to spend $4,838.44 monthly on homeownership costs.5. Newark, NJNewark is still the fifth least affordable housing market this month. Prospective buyers can expect to spend $409,900 on a home and direct 69.25% of their monthly income toward the costs of homeownership.The 5 Most Affordable Housing Markets1. Toledo, OH Toledo again ranked as the most affordable housing market in the country. With a median list price of $115,000, households can expect to spend $763.19 monthly on mortgage payments and property taxes, or 19.37% of their annual income.2. Detroit, MI Detroit also held its spot in the rankings as the country’s second most affordable housing market. Households generating a median income of $39,316 can expect to spend 19.55% of their monthly earnings on homeownership costs.3. Fort Wayne, INFort Wayne remained the third most affordable housing market this month. The median list price increased slightly to $224,900, and buyers can expect to spend 26.38% of their income on mortgage and tax payments.4. Wichita, KSWichita is the fourth most affordable housing market. Homeowners can expect to spend $1,397.12 a month on housing costs for a home with a median list price of $226,000.5. Buffalo, NYBuffalo ranked as the fifth most affordable housing market this month. With a median list price of $184,900, households can expect to spend 28.28% of their income monthly on the costs associated with homeownership.Housing Markets to WatchThe following housing markets witnessed significant changes this month.Irving, TXIrving is now the 40th least affordable housing market in the country. While the city only jumped four places in our rankings, the median list price increased by 4.82% to $434,999. This significant increase means households with a median income need to direct 43.29% of it toward housing costs.Plano, TXAnother part of Texas is also of note this month. Plano dropped eight spots to become the 57th least affordable housing market. Families with a median income of $110,029 can expect to spend $3,576.34 monthly on their mortgage payments and property taxes.Chesapeake, VAChesapeake households also watched their market become less affordable this month, moving to the 81st spot on our list. The median list price increased to $435,000, and families can expect to direct 31.92% of their income toward the costs of homeownership.MethodologyThe RealtyHop Housing Affordability Index analyzes proprietary and ACS Census data to provide an index of housing affordability and homeownership burden across the 100 most populous cities in the country. Median home prices are calculated using over 800,000 listings in the RealtyHop database over the month prior to publication.To calculate the index, the following statistics are used:1) Projected median household income2) Median for-sale home listing prices via RealtyHop data3) Local property taxes via ACS Census data4) Mortgage expenses, assuming a 30-year mortgage, a 6.7925% mortgage interest rate based on reported weekly averages in July, and a 20% down payment.Full DataThe post RealtyHop Housing Affordability Index: August 2024 appeared first on RealtyHop Blog.
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What You’ll Get in NYC for $900,000
New York City still hosts the country’s fourth least affordable housing market, and buyers must carefully asses their budget and search criteria during the purchasing process. Buyers looking for larger apartments with multiple bedrooms can still find appealing options. The following units under $900,000 include in-unit laundry, private outdoor space, and stainless steel appliances. 120 Riverside Boulevard #4J Manhattan, NYPRICE$899,000BED1BATH1TYPECondoNEIGHBORHOODUpper West SideBOROUGHManhattanUpper West Side buyers can consider this spacious one-bedroom condo with floor-to-ceiling windows. Upon entering the unit, owners will find the galley kitchen with stainless steel appliances, a dishwasher, and light wood cabinetry. The large living room includes a coat closet and a hidden in-unit washer and dryer. Residents will appreciate additional storage in the bedroom and modern finishes, including a full bathtub in the bathroom. The building boasts multiple attractive amenities, including a state-of-the-art fitness center with a steam room and sauna, a media lounge with a projection screen, and a furnished rooftop with sweeping views of the Hudson River. Owners will appreciate their proximity to Lincoln Center, Riverside Park, and Upper West Side restaurants.27 Dodworth Street #4F Brooklyn, NYPRICE$895,000BED2BATH2TYPECondoNEIGHBORHOODBushwickBOROUGHBrooklynCouples and small families will enjoy the natural light and private outdoor space in this two-bedroom, two-bathroom condo. The main floor includes a living room with access to the private balcony and the smaller of the two bedrooms, which could convert into a home office. In the kitchen, stainless steel appliances, including a dishwasher, and a closet with the unit’s washer and dryer. Residents will walk upstairs to the primary suite, complete with a walk-in closet, private bathroom, and access to the private outdoor terrace. This outdoor space fits multiple pieces of furniture and provides city views. The penthouse unit is one of five condos in the building, offering a small and quiet community settled near Bushwick’s vibrant restaurants, nightlife, and entertainment. This unit just dropped in price and is available for under $900,000.110-38 64 Avenue #3635 Queens, NYPRICE$879,000BED3BATH2TYPECo-opNEIGHBORHOODForest HillsBOROUGHQueensFamilies can sprawl out in this two-story townhouse with lofted space. The large living and dining area offers space for plenty of furniture and receives natural light through six windows. Owners will appreciate the features of the contemporary kitchen, including stainless steel appliances, multiple cabinets, and an island with room for seating. The unit’s three bedrooms reside on the first floor, and the primary suite includes a private bathroom and two closets. Upstairs, owners can take advantage of plenty of storage space and use the home’s fourth room as an office, playroom, or other recreational area. This floor also includes a sitting room, three more closets, and a half bathroom. Throughout the home, residents will appreciate in-unit laundry, central air conditioning, and hardwood floors. This unit has a low cap rate of 2.79%.155 E 73rd Street #9B Manhattan, NYPRICE$850,000BED2BATH1TYPECo-opNEIGHBORHOODUpper East SideBOROUGHManhattanThis bright and expansive two-bedroom receives plenty of natural light that shines off the dark hardwood floors. The oversized living room in this unit stands out with plenty of windows, a fireplace, and a full wall of built-in storage. Multiple cooks can make a meal in the kitchen with stainless steel appliances, a dishwasher, and white cabinetry. Each bedroom offers two windows and storage space, with the primary bedroom boasting a walk-in closet. This pet-friendly unit resides in a 34-unit building with a part-time doorman, laundry room, and bike storage. Residents will live near Central Park, Upper East Side shopping opportunities, and restaurants.75 Henry Street #2F Brooklyn, NYPRICE$835,000BED1BATH1TYPECo-opNEIGHBORHOODBrooklyn HeightsBOROUGHBrooklynThe oversized kitchen in this co-op makes it appealing to cooking enthusiasts. When owners enter the unit, they’ll find the kitchen directly on their left, featuring stainless steel appliances, a pantry, and plenty of counter space with room for barstool seats. Off the other side of the foyer rests two closets. The open-concept living area includes large windows and a door onto the private balcony, which includes enough room for chairs and a small table. Owners can place a king-size bed in the bedroom and will appreciate the spacious walk-in closet. Throughout the unit, they’ll see hardwood floors and feel the central air conditioning. This unit resides in 75 Henry, a full-service building with a gym, indoor garage, and a planted terrace.The post What You’ll Get in NYC for $900,000 appeared first on RealtyHop Blog.
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What You’ll Get in NYC for $875,000
New York City hosts the country’s fourth least affordable housing market, forcing buyers to carefully asses their budget and search criteria during the buying process. Buyers looking for larger apartments with multiple bedrooms can still find appealing options. The following units under $875,000 include pre-war charm, in-unit laundry, and private outdoor space. 77 W 55th Street #3E Manhattan, NYPRICE$875,000BED2BATH1TYPECondoNEIGHBORHOODMidtownBOROUGHManhattanThis spacious two-bedroom provides an attractive opportunity for Midtown workers who prioritize a short commute. Owners will find two closets immediately upon entering the foyer, then turn right into the oversized living room with multiple windows. The windowed kitchen separates the two bedrooms and boasts stainless steel appliances, a dishwasher, and plenty of cabinet and counter space. Residents can use the smaller bedroom for various purposes, such as an at-home office or dining room. More closet spaces rest around the unit, with two closets off of the bathroom and an additional larger closet in the primary suite. This home resides in the Gallery House, a luxurious building with 184 units that presents sweeping views of the Manhattan skyline and Central Park. Throughout the building, residents can take advantage of amenities like a roof deck, parking garage, and laundry facilities.702 45th Street #3L Brooklyn, NYPRICE$849,000BED3BATH1TYPECo-opNEIGHBORHOODSunset ParkBOROUGHBrooklynFamilies will find plenty of space to spread out in this three-bedroom co-op that is steps away from Sunset Park. This renovated home includes a modern kitchen with stainless steel appliances, butcher block counters, and space for barstool seating. Owners will find a wall of built-in bookcases in the living room, complete with multiple windows and dark hardwood floors. This room can remain as a living room space or convert to a bedroom, at-home office, or other recreational space. The remaining two bedrooms sit on opposite sides of the home, and the primary bedroom includes a spacious closet. Residents will acquire additional storage space within the home and live in a quiet building with bike storage, laundry facilities, and a live-in super.37-16 80th Street #42 Queens, NYPRICE$875,000BED2BATH1TYPECo-opNEIGHBORHOODJackson HeightsBOROUGHQueensThis bright and welcoming co-op is ready to welcome new owners. The two-bedroom unit includes plenty of space with a living room, dining room, and separate home office, making this an appealing option for those who work at home. Owners will find two large windows and a wood-burning fireplace in the living room and plenty of space for a full dining room set off the kitchen. The renovated kitchen features custom cabinetry with quartz countertops, updated appliances, and a large exposed wooden beam. Each bedroom boasts enough space for plenty of furniture and includes closet space and ceiling fans. Pre-war charm flows throughout the home with hardwood floors, high-beam ceilings, and crown molding. Residents will find bike storage, laundry, and private storage in the basement, then walk through the complex to find gardens and outdoor seating. This unit has a low cap rate of 2.49%.129 E 82nd Street #8A Manhattan, NYPRICE$875,000BED2BATH1TYPECo-opNEIGHBORHOODUpper East SideBOROUGHManhattanProspective buyers who are in the market for a classic Upper East Side pre-war home can consider this two-bedroom in a well-maintained building. The unit features original hardwood floors, high-beamed ceilings, and molding throughout. Upon entering the residence, owners can enter the kitchen or living room with in-unit laundry, plenty of windows, and space for a dining table. The bedrooms reside on the other side of the co-op and offer multiple closets and similar-sized floorplans. Buyers will gain access to the building’s additional amenities like a full-time doorman, live-in super, laundry facilities, and an eye-catching lobby. This unit is new to the market and rests a few blocks from Central Park and the Metropolitan Museum of Art.500 4th Avenue #5D Brooklyn, NYPRICE$865,000BED1BATH1TYPECondoNEIGHBORHOODGowanusBOROUGHBrooklynBuyers looking for a luxurious unit can consider this modern and oversized one-bedroom with access to various building amenities. The front door opens into the sprawling open-concept kitchen and living room space that features floor-to-ceiling windows and light hardwood floors. At-home chefs will enjoy marble countertops and stainless steel appliances, including a wine fridge and dishwasher in the kitchen. Owners will walk past the laundry closet into the bedroom, which features additional large windows and a walk-in closet. Throughout the apartment, residents can appreciate central heating and cooling, a luxurious bathroom, and a balcony with city views. Residents can explore the remainder of the building to find a fitness center, a private screening room, and a landscaped terrace. This building sits near Prospect Park, and the unit has a low cap rate of 3.02%.The post What You’ll Get in NYC for $875,000 appeared first on RealtyHop Blog.
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WORK WITH GIAMPAOLO IENNA | NYC REAL ESTATE
Experience unparalleled service and expertise with Giampaolo Ienna, your trusted partner in navigating NYC's luxury real estate market. Whether buying, selling, or investing, Giampaolo provides personalized guidance and strategic insights to ensure your success at every step.
TESTIMONIALS
- Giampaolo did a terrific job organizing our rental lease in New York! We worked remotely with him from Australia and it was a seamless process. He was available 24/7 to assist us at any time (crucial in a different time zone). Extending our lease was also simple and easy with him. We’d 100% rent from Giampaolo again and highly recommend him! :)
rand australia - Giampaolo is a very resourceful guy, has a lot of connections and helped me find a tenant.I find him to be trustworthy and honest. He knows the market well and found a tenant relatively quick.projectx97
- Working with Giampaolo was fantastic! He understood my needs, showed me great options, and negotiated a deal I was thrilled with. He's support and expertise made the process smooth. Highly recommend!NYCliving18
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