It prices a ton of dough to raise a household in New York City — and, according to a new residential market report, the prices are getting even worse.
That’s according to real-estate developer Sam Eshaghoff, founder of West Egg Development, who said in a startling Wednesday post on X that “Family apartments are in crisis.”
His firm analyzed rental information from the first quarter of 2026 and discovered that three-bedroom models — a format that’s infamously in short native provide — saw rents surge 7% across the board from the fourth quarter of 2025. West Egg Development organized the information in a heat map to show where rents are the highest — and where they’re leaping the quickest. The colours run from inexperienced to a deep purple.
Even more jaw-dropping, he added that in Park Slope, the Upper West Side and the Upper East Side — the metropolis’s most fashionable family-friendly neighborhoods — “those apartments are renting for 40%+ more than last quarter,” he said.
The heat map, designed in a intelligent colour scheme, exhibits from inexperienced to purple where costs are rising. Sam Eshaghoff & West Egg Development
Park Slope has long been recognized as one of the metropolis’s most prime areas for raising households — and that means a need for bigger models. Getty Images
The rents rub salt in the wounds of households, who already pay an arm and a leg to dwell in New York. Getty Images
The Upper East Side also saw costs soar quarter-over-quarter. Bloomberg via Getty Images
“On the most basic level, fewer people are forming families (or forming them later), and more people are unmarried, so there is more demand for [one-bedrooms],” Eshaghoff informed The Post in a message. He later added, “even rich people are delaying parenthood (even the people with the highest ability to pay are keeping their family size small). The incentives are to cater to this dynamic.”
In Park Slope, for occasion, the heat map exhibits a burning purple colour for three-bedroom rents, that means massive rents. There, the imply rent for models with three or more bedrooms is $3,600, according to the firm’s information. But hovering a mouse over the neighborhood’s map exhibits estimated three-bedroom rents priced much increased — some even reaching close to $9,000 along certain streets between Fourth and Fifth avenues. The map moreover exhibits huge will increase over the three-month period, all of which hover around 40%.
But, according to the West Egg numbers, there are other metropolis neighborhoods that saw increased quarter-over-quarter growth for three-bedroom rents.
At No. 1, Manhattan’s Upper East Side, whose first quarter median hit $12,500 — a almost 71% leap from the $7,325 the firm tallied in the ultimate months of 2025. Lincoln Square, on the southern finish of the Upper West Side, had a Q1 median of $14,750 — almost 44% above the $10,250 median month-to-month rent in This autumn of 2025.
Across Central Park, Carnegie Hill saw a almost 36% quarter-over-quarter enhance with a median of $7,600 in the first three months of 2026 over the $5,600 recorded during the earlier three months.
“Yes, we are seeing real strength in the three-bedroom segment, but it’s being driven by a very specific imbalance,” said appraiser Jonathan Miller, of StreetMatrix. Family-sized leases have been chronically undersupplied for years, and demand has surged as more households prioritize space and long-term livability. When you have that form of mismatch, even incremental demand can push rents increased very rapidly.”
At the same time, according to Eshaghoff, “there’s actually also a shortage of high-end [one-bedrooms and two-bedrooms] in many desirable areas, and so you’re seeing something very interesting happen now: the developers who in 2013-2023 chopped their units into as many bedrooms as possible (to create three-plus bedrooms) are actually tearing down those walls now and reducing the bedroom count of those units back to their original form to meet the insatiable demand for high-end [one- and two-bedrooms].”
It’s not all unhealthy information, however. In a subsequent post, Eshaghoff famous, “Those looking for [one-bedrooms] in deeper Brooklyn and Queens were able to grab sharp discounts in Q1, with rents down by double-digit percentages in those areas.” The space spanning from Kew Gardens to Flushing in Queens total saw reductions of 20% or increased quarter-over-quarter, he said.
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