February 2019 - Page 2 of 2 - Rava Realty

NYC is a buyer’s market

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NYC is a buyer’s market

In Manhattan, apartments priced below $1 million are piling up (Bloomberg News reports data from Streeteasy). Inventory climbed 27 percent in June from a year earlier — to the highest level for the month since 2013.

It’s essentially a buyers’ market across the board, and the total number of available homes in Manhattan is at the highest for the month since 2011. In Brooklyn and Queens, total inventory for June was the most since 2008.

In September, listings are expected to see ...

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Under $500 per square foot in NYC?

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Under $500 per square foot in NYC?

In many other places within the United Sates, one could live a life a luxury for $500 per square-foot, however, such is not the case in New York City, the nation’s second most expensive city to live in. A study by PropertShark shows that it’s nearly impossible to find homes priced under $500 per SF in Manhattan while options are available in the other boroughs, mainly the Bronx and Staten Island. The study found that in Manhattan, every zip code ...

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NYC: Surge In New Development Filings

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NYC: Surge In New Development Filings

After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.

The uptick has been spread through each borough, with all five seeing year-over-year improvements in their DOB new unit counts. The biggest change has been in ...

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South Florida

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South Florida

European and Canadian investors now account for a much bigger share of foreign investment in the residential and commercial markets in South Florida, according to a report by the National Association of Realtors (NAR) and data provided by Real Capital Analytics (RCA). And Asian countries remain engaged in the area. Singapore has been among the top five investors three times in the past three and a half years, and China accounted for the second largest source of foreign investment in ...

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Columbia University’s Manhattanville campus debuts final Renzo Piano building

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Columbia University’s Manhattanville campus debuts final Renzo Piano building

The last of three buildings that Renzo Piano Building Workshop designed for Columbia University’s Manhattanville campus in West Harlem officially debuted earlier this week. The three-story building, known as the Forum, is located on a triangular lot at the intersection of West 125th Street and Broadway. The 56,000-square-foot structure will serve as a space for academic conferences, and public meetings and discussions.

The Forum now joins the other two buildings designed by Renzo Piano at the Manhattanville campus: the Lenfest ...

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Queens is the King

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Queens is the King

A new market report from StreetEasy shows that Queens continues to be the borough on the rise, in more ways than one, as buyers cast a wider net in search of more affordable housing.

The August 2018 report indicates prices for houses in the borough reached an all-time high of $536,028, with a 7.1 percent annual increase. Prices in the borough are now 23 percent higher than they were in 2013. Houses are also changing hands in Queens faster than in ...

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