Matrix Blog

New York City

The (New) Tallest Chart In The History Of Manhattan Real Estate

February 9, 2019 | 4:17 pm |

With all the hubbub about the new Manhattan residential price record of $238 million and potential ramifications, I wanted to create a chart to give readers a sense of how disconnected this sale is from the prior records, and from housing prices for mere mortals in already one of the highest priced housing markets in the U.S.

I have done this before, first in 2012 when the famed $88 million penthouse sale at 15 Central Park West launched the global “super luxury” “aspirational pricing” phenomenon and the subsequent 2014 Michael Dell penthouse sale at One57 of $100.5 million.

But this time, given that this new sale would require a chart that was more than double the height of the 2014 chart, I could not find an affordable graphics app that could capture my Excel chart but create an image (png, jpg, etc.) with small enough resolution to be legible, yet still be small enough in size to be accepted by WordPress.

My solution? Make a screencast video.

To watch this, first, pack a lunch. Then, click here or on the snapshots below of the top and bottom segments of the tall chart to play the video.

Then relax and watch me start scrolling. It provides some useful context and is pretty cool despite the poor audio quality:


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January 2019 YOY% Change in Manhattan Co-op/Condo Listing Inventory

February 7, 2019 | 1:53 pm | Charts |

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Here’s What A Manhattan Commute With “Vertical Travel” Looks Like For Ken Griffin

January 26, 2019 | 9:48 am |

As coined in a Bloomberg article about hedge funder Ken Griffin’s $238 million condo purchase in Manhattan, a “vertical travel” is something many New Yorkers do every day – I’ve just never heard it described that way (following bold is my emphasis).

Citadel has signed a lease to anchor a skyscraper at 425 Park Avenue, eight-tenths of a mile from Griffin’s new apartment, not including vertical travel.

When Ken Griffin travels from his new penthouse to his office, I imagine his commute, that includes “vertical travel,” looks like this (bold is my emphasis):


Bloomberg TV 1-17-19: The Northeast to South Florida Housing Market Connection Explored

January 21, 2019 | 1:03 pm | |

Just before I stepped on the set, I got to look at the Bloomberg file photo taken at my office about 15 years ago (I think I’ve aged gracefully) but I was also called out for it.

Was the last time you were on Bloomberg Markets 1995? That headshot…— Hiten Samtani (@hitsamty) January 17, 2019

Here’s the interview along with a cameo by Sam Zell, lol!



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Nightly Business Report/CNBC: January 3, 2019, Manhattan Housing Trends

January 5, 2019 | 9:25 pm | | TV, Videos |

After I finished the Yahoo Finance interview last Thursday, I ran over to 30Rock and taped a segment for Nightly Business Report/CNBC on our Elliman Manhattan report release. Robert Frank, the wealth editor for CNBC, interviewed me remotely. These are pretty fun to do, especially because to get there, I have to walk next to Christmas Tree, Rockefeller Ice Rink and finally “The Tonight Show Starring Jimmy Fallon” set.





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Yahoo Finance TV: January 3, 2019, Manhattan & National Housing Trends

January 5, 2019 | 8:53 pm | | TV, Videos |

I had another a fun interview on Adam Shapiro and Julie Hyman on fledgling Yahoo Finance TV. Verizon is going gonzo to get it going with even more original programming. One observation – each time I’ve been invited to talk about the housing market, the stock market plummets at least 600 points. Correlation or Causation?


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Bloomberg Markets TV: December 18, 2018, Amazon HQ2

December 18, 2018 | 3:08 pm | | TV, Videos |

As always, I had a wonderful conversion with Vonnie Quinn, anchor of Bloomberg TV’s Markets today. It was a long interview where we discussed national and NYC metric trends. The following portion covered the Amazon HQ2 story in Long Island City, NY.

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Elliman Magazine Winter 2019 – Market Update

December 14, 2018 | 3:18 pm | | Charts |

The Winter 2019 Issue of Elliman Magazine was just released. I provided a two-page spread showing various market tidbits on random U.S. markets where Douglas Elliman has a footprint. The magazine is well done and a good aspirational read.



[click to expand]

Here’s the full online version of the magazine:

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Manhattan Residential Vacancy Rate Isn’t Seasonal?

December 13, 2018 | 1:01 am | Charts |

Since housing market trends are all about seasonality, I thought it was interesting that the Manhattan residential vacancy rate seems devoid of such patterns.

What am I missing here?

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Bloomberg Markets TV: September 11, 2018, Looking back at 9/11 and the Financial Crisis

September 11, 2018 | 8:39 pm | | Milestones |


I had a nice reflective discussion with Scarlet Fu and Caroline Hyde, reflecting on two milestones in New York City – 9/11 and the financial crisis.

Miller Samuel CEO Says Credit Conditions Haven’t Normalized Since Lehman
September 11th, 2018, 3:48 PM EDT
Jonathan Miller, president and chief executive officer of Miller Samuel Inc., takes a look at the state of the U.S. housing market 10 years after the financial crisis of 2008. He speaks with Bloomberg’s Caroline Hyde and Scarlet Fu on “Bloomberg Markets: The Close.” (Source: Bloomberg)

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Fall 2018 Elliman Magazine – Market Update

September 7, 2018 | 10:00 am | Infographics |

The Fall 2018 Issue of Elliman Magazine was just released and as usual, I provided a two-page spread showing interesting (my definition, lol) of what is going on in some of the markets under their national footprint. The magazine is well done and a fun aspirational read.


[click to expand]

Here’s the full online version of the magazine:


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PBS NBR CNBC Video – State of U.S. and Manhattan Luxury Market

August 22, 2018 | 12:31 pm | | TV, Videos |

CNBC clip

NYC luxury apartment sales drop from CNBC.

PBS Nightly Business Report clip


[Story with 2 clips begins at 18:20]

CNBC’s Diana Olick reports on luxury home sales dropping in NYC due to tax laws and fewer international buyers.

It is past the middle of August so it was odd to see that the Wall Street Journal ran a story that covered a new “half-year” report by a brokerage firm on the Manhattan luxury market from January 2018 to June 2018. But it was a good story nevertheless.

Almost two months had passed since that reporting period so CNBC reached out to me in response to talk about our already released first and second quarter Elliman Reports, as a segway to the luxury homebuilder Toll Brothers record earnings release.

More importantly, I didn’t wear a tie at the 30Rock studio interview. Hey, it’s summer.

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