Riccardo Ravasini, Author at Rava Realty - Page 86 of 104

177 Year Old Townhouse Sold

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One man, Clement Clarke Moore, has two claims to fame: 1) writing “The Night Before Christmas” and 2) totally creating the neighborhood of Chelsea. In the 1800s, Moore split up and sold off his grandfather’s estate, which dominated the area (and gave it its name), and began developing the surrounding blocks. Fast forward 200 years, and a scrap of Moore’s grandfather’s land—holding an 1836-built house at 354 West 20th Street, between Eighth and Ninth avenues—hit the market in January, asking ...

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NYC has the second best park system in the U.S.

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The Trust for Public Land gave the Big Apple 4.5 out of 5 “park benches” in its annual ParkScore index. Although New York came in behind Minneapolis, the nonprofit gave the city high marks for the parks’ proximity to residents and for overall investment in its public spaces.
The trust used three factors to determine its score: the percentage of residents living within a 10-minute walk from the park, median park size and the amount spent on park creation and ...

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rental market: landlord incentives

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With record-high rents and extra-tight inventory, fewer Manhattan property owners are dangling incentives to lure renters and brokers to their buildings. But the practice persists in certain neighborhoods where competition to fill rental units is fierce; landlords are paying brokers’ commissions to fill rental units in these cases.
Even as Douglas Elliman data shows overall average monthly rents hitting a five-year high of $3,247 in April, brokers said that owner-paid commissions, or OPs, linger in select locations. OPs, of course, ...

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NYC Real Estate History

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1924: Third Madison Square Garden site acquired
A boxing promoter in partnership with circus owner John Ringling and others purchased a former streetcar barn on the West Side 90 years ago this month, where they built the third incarnation of Madison Square Garden. This was the first of four arenas bearing the name to be built outside of Madison Square Park.
George “Tex” Rickard led the group that paid $2 million to the Eighth Avenue Railway Company for the parcel ...

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Cash offers are higher than average in Florida

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Almost two-thirds of Florida housing sales in the first quarter of this year were done in cash, according to the study by the research firm RealtyTrac. That is the highest rate in the nation and well above the national average of 42.7 percent.
Five Florida metro areas also had the nation’s highest rates of cash sales. Those areas were Miami, Cape Coral-Fort Myers, Sarasota, Palm Bay and Lakeland.
High rates of cash sales show that investors are still finding Florida ...

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The Bronx is the next big thing for investors

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Given the positive trend of New York City real estate over the last few years, many areas have been improving and prices rising, in some cases at a very healthy pace. Manhattan is the core of NYC real estate and of course everyone and his mom want a piece of it; Brooklyn has become another household name all over the world; Queens has gained traction with the development of areas like Long Island City and Astoria; but relatively few people ...

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