Talking Manhattan

Today, Noah and John sit down with Alexander Boriskin, co-founder of the Michael Lorber Team at Douglas Elliman, one of NYC's top-producing real estate agents with over $2 billion (with a B!) in sales. Alexander dives into the state of the NYC market, covering everything from new developments absorbing inventory, the impact of concessions, and neighborhood trends—especially the rising popularity of the Upper East Side. He also shares insights on buyer demand, the rise of “faux-ops”, and how co-ops are (somehow, someway) becoming more flexible. He also gives invaluable advice for agents looking to succeed in the business, emphasizing grit, mentorship, and non-stop hustle. Top notch! Highlights: 00:40 – State of the Market 01:15 – New Development Absorption 02:05 – Are Concessions Still a Factor? 02:33 – Neighborhood Trends 03:10 – The Rise of “Faux-Ops” 03:50 – Pre-Construction Sales 04:50 – Buyer Sentiment 05:15 – What’s Selling? 06:10 – Who Are the Buyers? 07:42 – How Many Deals Are Cash? 08:40 – Dealin