Residential Real Estate

Residential Real Estate

Residential real estate is any property that is used for the purpose of habitation.

Residential Real Estate Q&A

What qualifies as residential real estate?
Residential real estate can be defined as any property that individuals or families inhabit. In addition to the traditional detached house, some property types include condos, apartments, townhomes, and multifamily units.
What is the residential real estate industry?
The residential real estate industry encompasses the buying, selling, renting, renovating, financing, management, development, and construction of residences. Brokerages, developers, banks, trusts, architects, and builders all work with landlords and individuals to design spaces for occupancy.
Who buys and sells residential real estate?
Traditionally, individual buyers use residential real estate agents to find and purchase residential properties. Residential real estate may also be held by companies that serve as landlords to individual tenants. Residential brokerages often act as go-betweens for buyers and sellers. The Real Deal releases annual rankings of real estate agents and brokerages in New York. Take a look at our Data Book for the most recent rankings.
Want to know more about residential real estate?
Check out our Top Stories below for TRD's most up-to-date coverage of residential real estate.

The Latest

From left: 1 West End Avenue, 161 West 13th Street and 66 Ninth Avenue (Credit: StreetEasy and Wikipedia)

Porter House penthouse among NYC’s 5 priciest homes to hit the market last week

The first week of December saw pricier listings come online, with homes ranging from $19.5 million to just under...

Porter House penthouse among NYC’s 5 priciest homes to hit the market last week
15 East 90th Street (Credit: Google Maps)

Lonely townhouse finds a match after years on market

For 1,651 days, a Georgian-style townhouse on a stately Upper East Side block waited for a buyer. The 10,021-square-foot...

Lonely townhouse finds a match after years on market
From left: renderings of 1 Propect Park West, 85 Jay Street and 98 Front Street in Brooklyn (Credit: StreetEasy)

The priciest Brooklyn condo filings of 2019

UPDATE: Tuesday, Dec. 10, 2019, 4:20 p.m: Yoga studios, private parks, multi-level fitness centers: Developers behind this year’s 10 priciest Brooklyn condo filings are leaning into health-conscious amenities in the battle for buyers. In...

The priciest Brooklyn condo filings of 2019
60 East 93rd Street and Carlton Hobbs (Credit: Google Maps and Getty Images)

Why a $68M townhouse listing was abruptly pulled off the market

It could have been one of the priciest townhouses ever sold in New York. This October, British antiques dealer...

Why a $68M townhouse listing was abruptly pulled off the market
Zillow President Jeremy Wacksman

Zillow launches its high-stakes home-flipping business in LA

When Zillow Group pivoted from an advertising-based business model to algorithm-based home-flipping in 2018, its executives knew this day...

Zillow launches its high-stakes home-flipping business in LA
From left: the Ritz-Carlton, 32 East 1st Street, 560 West 24th Street, 301 East 80th Street and 32 West 85th Street

Five priciest homes new to market include 1897 townhouse

While most New Yorkers were preparing for Thanksgiving last week, some agents and their clients listed homes ranging from...

Five priciest homes new to market include 1897 townhouse
Ed Gilligan and 3 East 94th Street (Credit: Getty Images, Compass)

Don’t leave home without $21M: Amex exec’s widow sells townhouse

Lisa Gilligan, whose late husband Edward was president of American Express, has sold the couple’s four-story Upper East Side...

Don’t leave home without $21M: Amex exec’s widow sells townhouse
From left: Jed Wilder, Bess Freedman, Richard Grossman, Josh Sarnell and Adam Mahfouda (Credit: Emily Assiran) 

Agents to StreetEasy: The fee is too damn high

After StreetEasy announced another fee hike, brokerages and agents are calling for an alternative platform. “Every time that something...

Agents to StreetEasy: The fee is too damn high
40 East 72nd Street (Credit: Google Maps)

Nightmare on E. 72nd Street raises question: Are small condos risky?

The financial mess dragging down an Upper East Side building has triggered warnings about buying into a small condominium....

Nightmare on E. 72nd Street raises question: Are small condos risky?
Jed Garfield of Leslie J. Garfield; Richard Grossman, president of Halstead Real Estate; Sarah Saltzberg, principal broker and CEO of Bohemia Realty Group; Douglas Elliman’s Howard Lorber

NYC brokers slam bias, promise action after Newsday exposé

UPDATED: Nov. 20, 8:48 a.m.: New York City’s top residential brokerage firms sharply condemned widespread race discrimination in Long...

NYC brokers slam bias, promise action after Newsday exposé
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