March 2021 - Rava Realty

Flight to Florida? Data show few Manhattanites moved permanently

Headline after headline made it seem like half of Manhattan had moved to Florida for good.

Reality check: Only a small percentage of Manhattanites relocated permanently to Florida last year. And as vaccinations amp up, many might be returning — or changing their plans to move in the first place, according to Bloomberg News.

Only 2,246 people filed a permanent address change from Manhattan to Miami-Dade County last year, while 1,741 went to Palm Beach County.

Still, even a ...

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31
MAR
2021

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covid, covid19, flight, florida, manhattan, manhattanies, Miami, migration, move, palm beach, pandemic, permanent, relocation

NYC Restaurants to allow 50% capacity

Posted by: Riccardo Ravasini

New York City restaurants are on a rapid pace to reopening. Gov. Andrew Cuomo announced that restaurants in the city will increase indoor dining capacity to 50 percent starting March 19.

“In New York State, our decisions are based on science and data and we are encouraged by the continued decline in infection and hospitalization rates,” Cuomo said in a statement.

Restaurants have been struggling amid capacity restrictions. A recent survey by New York State Restaurant Association found that ...

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30
MAR
2021

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50, bronx, brooklyn, capacity, city, covid, covid19, finanacial, manhattan, new york, percent, queens, relief, restourants, restrictions

What Is New York City Getting From the American Rescue Plan?

Posted by: Riccardo Ravasini

President Joe Biden has signed the $1.9 trillion American Rescue Plan, the third pandemic-era stimulus and, potentially, one of the most consequential economic packages in U.S. history. Passed by Congress and it also includes billions of dollars that will go directly to New York City.

To be precise, it is 6 million that will be used in different ways like Stimulus Checks, Child Tax Credit, MTA Relief and Vaccines.

De Blasio has called the stimulus a “game changer” for ...

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29
MAR
2021

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check, covid19, de blasio, joebiden, mta, new york, new york city, plan, recovery, relief, rescue, school, schools, stimulus, tax, tax credit, USA, vaccines

New leases for Manhattan apartments more than doubled in February

Posted by: Riccardo Ravasini

The renters are coming back to New York City in a big way, thanks to near record low concessions, falling rents, and lots of vacant apartments. Last month, new lease signings in Manhattan surged to their highest total for a February since the Financial Crisis in 2008.

(source: birckundergorund.com)

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26
MAR
2021

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2021, february, housing, market, new york, new york city, real estate, record, rent, rentals

Manhattan Luxury Market Reality Check – Jan 2021

Posted by: Riccardo Ravasini

There were 38 closing at $4 million and above in January 2021, 45 lessthan the previous month. The Average Closing Price was $8,493,335 down -4% from the previous month, meanwhile the Median Closing Price was $5,770,000 down -16% from the previous month, the Negotiability Factor, that is the average discount from the last asking price, was 14.23% up from 10.76% the previous ...

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24
MAR
2021

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2021, average closing price, average days on market, check, city, january, luxury, manhattan, market, median closing price, negotiability factor, new york, real estate, reality, update, updates