The number of agreements entered into recently has decreased month by month from August, with the number of new entries falling every month since June. However, the decreases in new contracts have been offset by the steep reduction in new listings since the summertime.
(source: millersamuel.com)
by Riccardo Ravasini 
The proposed 180-foot Harlem Wheel would rise alongside the Hudson River as part of the Harlem Gateway Waterfront Initiative to transform the 125th Street piers into a tourist destination, running several attractions including “Harlem Rocket” speedboat tours and a Harlem Maritime Center & Museum.
The wheel would open in summer 2024 and could draw millions of riders — who’d pay between $15 and $20 a ride — every year, according to the Harlem Gateway Waterfront Initiative website.
“The Harlem Gateway Waterfront Initiative will stimulate local spending,” reads a Harlem Water Front’s …
by Riccardo Ravasini 
Roughly half of Manhattan’s workers were in the office during the average workday as of late January, according to a Partnership for New York City survey.
The pandemic emptied out Manhattan’s office buildings and shifted scores of employees to remote work. But as coronavirus restrictions were lifted, only a relative handful of workers returned to offices.
The survey found only 9 percent of workers are back at the office five days a week, a number that’s unchanged from September. However, the number of fully remote workers did tick down from …
by Riccardo Ravasini 
The monthly contract activity stood at 592 in January, down 37.8% compared to last year and down 23.7% from the 776 historical average for the month of January. The Median Sales Price is $1,075,000, at the moment, down -14% from last year.
The supply, which is the number of units on the market, stands at 6,078, up 2.7% from a year ago. While the number of pending sales, which is the number of currently in contract units, stands at 2,159, …
by Riccardo Ravasini 
B Group Capital Management submitted a $102 million stalking horse bid for nearly 20 acres in Miami’s Upper Eastside and El Portal that are tied to a lawsuit alleging *EB-5 fraud.
The Miami-based real estate investment firm seeks to acquire the former U.S. immigration building site spanning 3.5 acres at 7880 Biscayne Boulevard, and a 15.9-acre former trailer park at 8500 Biscayne Boulevard.
Both properties are now controlled by a court-appointed receiver, following a settlement agreement approved last month with …
by Riccardo Ravasini 
Miami shows no signs of a market crash. Here’s what experts say to expect instead.
1. The market will hold strong.
Home sales prices could take a hit if mortgage rates were to continue surging, but that doesn’t seem to be the case, forecasts Ines Hegedus-Garcia, executive VP of Avanti Way Realty.
“This sustained decline [in mortgage rates] will help revive homebuying and we should see a more robust market for home sales in 2023,” she says.
2. …
by Riccardo Ravasini