What's Ahead for 2016 - a podcast by Vince Rocco

In many ways, 2015 has been a year of inconsistencies in the city's residential real estate market.
It was a year when the median price of a Manhattan apartment exceeded $1 million for the first time, while the homeless population proliferated.

It was a year that saw a healthy building boom, buoyed by uncertainty over a popular development tax break, while the vacancy rate in Manhattan crept to a nine-year high.
And it was a year that celebrated Manhattan's luxury market, with a record high sale of $100.47 million for a duplex penthouse at the famed One57 skyscraper in Midtown, but it ended with concerns about high-end property sales flattening out.

But the record books are almost certain to be rewritten in the months ahead as new “billionaire bunkers” are added to the city’s ever-evolving skyline, like 220 Central Park South, 432 and 520 Park Avenue and 56 Leonard, to name just a few.

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