Any establishment with a state liquor license, including bars and restaurants, along with gyms, must close at 10 p.m., Gov. Andrew Cuomo announced.
“NYS is taking action to stop the spread in response to rising COVID numbers,” Cuomo said in a tweet.
Covid-19 cases in New York have hit levels not seen since the spring, with the infection rate seven-day average in the city rising above 2 percent, and the statewide infection rate close to 3 percent.
Bars and restaurants …
by Riccardo Ravasini
What’s going on in the Manhattan rental Market? Let’s take a look at the October data…
After months of price declines, people are moving back to the city. The number of new leases is finally on the rise surging to the highest October peak in twelve years.
The Number of New Leases surged 33.2% to 5,641 from October 2019, representing the first increase in 14 months.
The Median Rental Price was $3,100, down -11.4% from the previous year while …
by Riccardo Ravasini 
It’s official: Fisher Island is set for 57 new condos and 12 single-family homes.
The Miami-Dade County Commission approved a plan last week that would bring the total number of residences on the private, 216-acre island to about 800 condo units and about 20 single-family homes.
Construction of the new residences is slated to begin in 2022, with completion in 2025, according to Kobi Karp, founder and principal of the Miami-based Kobi Karp Architecture & Interior Design, project architect.
The …
by Riccardo Ravasini
Months of stay-at-home orders, growing numbers of infections and deaths, working remotely while the kids are attending school in the next room, stop-and-start business closures, and no end in sight to the COVID-19 pandemichave all had an unexpected impact on Miami-Dade’s real estate market. It’s just not what you probably think it is.
COVID-19 has turned out to be an unexpected boon for the residential real estate market and yet another hurdle for out-priced home buyers. Historically low interest …
by Riccardo Ravasini 
“Three retail buildings on Madison Avenue have sold for a combined $45 million, a price that represents a new low for the posh shopping district.
The luxury retailer Akris will buy three properties at 831, 835 and 837 Madison Avenue between East 69th and 70th Streets for $45 million, according to the Wall Street Journal. The deal includes three ground-floor retail spaces, along with 15 residential units.
The deal came out to $1,340 per square foot, a significant decline from …
by Riccardo Ravasini
This quarter (Jul-Aug-Sep) began just over a week after the COVID lockdown ended and it reflects sales-contracts that were signed during and after the COVID lockdown. We notice a slight improvement: the number of closed sales edged up a bit from the previous quarter which bodes well for the future..or at least we hope so.
Some Stats:
The number of sales fell 46.3% to 1,375 from the same period last year, the second most significant year over year decline in …
by Riccardo Ravasini