"Is There a Bubble in New York City's Real Estate Market?" Let's fucking hope so! "Has Luxury Real Estate Reached the Limit in NYC?" Let's fucking hope so!

New York City has 7,279 homes valued at more than $5 million, including a single Central Park West building where "206 high-value condos have a total market value of $3.1 billion." The homeless man who scammed his way into extended stays at two Manhattan luxury hotels should probably consider running for mayor.

A lot with an old gas station on it in Crown Heights, Brooklyn has been sold to real estate developers for $32 million. "A deed assessed the lot's value at $309,600 in 2003." In other news, Brooklyn is expensive.

Brooklyn's opulent new Pierhouse development, which blocks the public's view of the Brooklyn Bridge, has "topped out," meaning that if Almighty God were to strike it with a rogue wave now, He could wash away all of its cursed floors, instead of just some. If He wanted to...

According to a complaint filed yesterday with the New York City Department of Buildings, an eight-foot-long section of pipe fell from a hoist car on the 81st floor of 432 Park Avenue, crashing to the ground in front of an occupied building across the street. The under-construction tower—the tallest residential building in the Western hemisphere—is now under a full stop work order from the DOB, Curbed notes.