November 2019 - Rava Realty

Miami home & condo sales boomed last month thanks to tax laws, realtors association says.

Posted by:

Miami home & condo sales boomed last month thanks to tax laws, realtors association says.

September 2019 was a strong month for residential sales in Miami, according to statistics from the Miami Association of Realtors.

Both single family homes and condo sales were up by double digits compared to the same period last year, fueled by people relocating from high-tax states, the Realtors Association said.

Total dollar volume of single family home sales in Miami-Dade county was up 19.8% compared to the prior year, while condo volume was up 14.5%. Newly ...

Continue Reading →
0

English

, , , , , ,

Brickell flatiron reaches completion, becomes miami’s fourth tallest tower ever built.

Posted by:

Brickell flatiron reaches completion, becomes miami’s fourth tallest tower ever built.

Brickell Flatiron has reached completion, the tower is 64 stories and 736 feet above ground becoming the fourth tallest building ever built in Miami and the tallest all-condo building south of New York.

Hundreds of new residents will now begin moving into Brickell, with closing about to begin. A total of 527 residential units were built at Flatiron, of which 95 percent are sold. Approximately 70 percent of the building’s buyers came from U.S. markets.

A ...

Continue Reading →
0

English

, , , , , , , , ,

NYC isn’t building enough housing to keep up with job growth.

Posted by:

NYC isn’t building enough housing to keep up with job growth.

It may seem like New York City is in the midst of a building boom, with new developments continuing to go up in areas including Long Island City and Downtown Brooklyn. But a new report prepared by the Department of City Planning refutes that, and makes the case that New York City needs to build more housing to keep up with its “explosive” job growth.

The report, titled “The Geography of Jobs,” delves into the city’s and ...

Continue Reading →
0

English

, , , , , , ,

Manhattan Real Estate Sales Market Update: 3rd Quarter 2019

Posted by:

Many people in the industry predicted it: the number of transactions went down quite a bit – 14.2% YoY actually to 2,560 homes sold. As you may remember, many sales were pulled into the previous quarter in order to avoid the, well known and much discussed, Mansion Tax hikes. That generated a sense of “fake” recovery and we now know for a fact it was a “fake”!

Continue Reading →

0

English

, , , , , , , ,

Skyline Tower The Tallest Skyscraper outside Manhattan

Posted by:

Skyline Tower The Tallest Skyscraper outside Manhattan

Located at 23-15 44th Drive (Long Island City), the residential skyscraper will soon stand 778 feet tall, making it the tallest building in New York outside of Manhattan.

Once completed, the building will be clad in 358,538 square feet of glass, equivalent to a span of over six football fields.

The building broke a “theoretical” record for having the highest projected sellout in Queens at $1.067 billion. Completion is expected next year.
(source: nyyimby & nycurbed)
Continue Reading →
0

English

, , , , , , , , ,

New wave of multifamily investors to Miami

Posted by:

New wave of multifamily investors to Miami

First, it was tax reform that pushed CEOs, hedge fund managers and other high-net-worth individuals to South Florida. They were lured in by the favorable climate, luxury residential properties and most of all, substantial tax savings.
Now, it is the multifamily investors who are heading to South Florida, and for a different reason: rent control, something the Sunshine State lacks.
Multifamily investors are moving quickly and making offers on properties in South Florida, brokers say. But they are also encountering ...

Continue Reading →
0

English

, , , , , , ,