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Michael J. Franco Team
Real Estate News

Most Recent Posts

Why New York City Needs 700,000 New Apartments

Why New York City Needs 700,000 New Apartments

According to a report by NYC’s HPD and Department of City Planning, New York City faces a shortfall of 700,000 homes over the next decade. Explore how historic building booms like the 1920s tax exemption compare to today’s inventory crunch—and what real estate scarcity means for buyers, sellers, and property values in Manhattan.

Have New York City Co-ops Become Undervalued?

Have New York City Co-ops Become Undervalued?

Manhattan co-ops now trade at a 20% to 35% discount compared to condos. Explore the historical evolution of cooperative housing—from Gilded Age "French Flats" to modern board requirements—and discover why co-ops present exceptional value for primary residence buyers seeking pre-war architecture and spatial efficiency.

Is $1 Million Still a Lot of Money in New York City?

Is $1 Million Still a Lot of Money in New York City?

While $1 million remains a significant sum, inflation has dramatically eroded its purchasing power over time. Discover how inflation alters property value, why a fixed-rate mortgage can turn inflation into an asset, and how unadjusted thresholds like NYC's 1989 Mansion Tax impact today’s Manhattan real estate market.