NYC real estate

A high-end Persian rug store is about to lose its space near Fifth Avenue in NoMad after 35 years, and its owners still don’t know why.

The highest retail rents in a decade are pushing restaurants out of their traditional venues in Manhattan.

The penthouse at the top of 325 LEX in Midtown has 1,136 square feet of private outdoor terrace, views of the Empire State Building and the Brooklyn Bridge, and an asking price of $8.5 million.

Children’s playrooms have become an increasingly popular amenity with developers over the last decade. Hundreds of new buildings have them, and for some families it factors into where they choose to live.

Trulia combed through millions of listings to find which words are associated with the highest priced properties, as well as the lowest.

Residential real estate prices increased in New York in the month of October, while inventories declined, according to a StreetEasy report released Wednesday.

An increasing number of deals—including 48.1 percent more contracts in Midtown than the previous year—has led to higher prices and less inventory in many areas in Manhattan, according to StreetEasy’s May Monthly Market Report.

In the historically male-dominated real estate industry, women have steadily risen to top positions in sectors such as finance, construction, and government.