W
e spoke with Roberto Cabrera, a top-performing real estate broker at Brown Harris Stevens, known for his expertise in Manhattan residential sales. A native of the Upper West Side, where he's lived for over two decades, Cabrera consistently ranks among the brokerage's top performers and has been recognized nationally by REAL Trends as one of "America's Best Real Agents" with an average sales price of $4.35 million.

    Cabrera's unique blend of NYC knowledge, analytical skills (he holds a degree in Mathematical Economics and has a background in finance), and personalized service sets him apart in navigating the city's complex real estate landscape. He also hosts The Roberto Cabrera Report, a monthly podcast and video series providing timely updates on the city's evolving market trends.

    As summer heats up in the Hamptons, Manhattan tends to slow down, leaving those who keep an eye on the market wondering: How is the market? And what will it be like when we return for fall? Cabrera notes that while summer may be slower deal-wise, "real" buyers can seize opportunities while others are away. When you return from summer, expect new inventory and competition.

    Regarding the impact of tariffs, Cabrera says actual effects have been minimal so far, with interest rates remaining stable and inventory and deal volume moderate. However, some potential buyers have put their plans on hold due to sentiment around tariffs.

    The rental market has seen record-breaking rents for the third time in four months, which may impact the sales market. The recent FARE Act led to a 10-11% overnight spike in rents, making it more likely that people will seek to buy or simply not move.

    Looking ahead to fall 2025, Cabrera expects a significant generational wealth transfer to drive escalating prices over multiple years. With tight inventory and growing acceptance of current market dynamics, buying now may be more affordable than waiting one, three, or five years from now.