Imagine wanting to ease back into your New York City life after being away for a year. You scan apartment listings and see your old place is available. Sounds like a great coincidence, right?
That’s what happened to many people, like Ranee Soundara, who let her apartment lease lapse during the pandemic, and was hoping to return to the city in October. There was only one problem: The place is “now almost 25 percent more than what I paid last year, …
by Riccardo Ravasini 
Want to live where an NBA star laid his head (and six- foot-11 frame)? You’ll need $42 million or so.
Chris Bosh’s Miami Beach former home is for sale.
What you’ll get for your hard earned cash ($3,500 a square foot) is a stellar abode fit for the basketball king that he was: a seven bedroom, eight bath waterfront mansion.
Bosh sold it in January for $14.4 million to an affiliate of Miami-based homebuilder AquaBlue Group which relisted it for almost three times the price.
Another perk of living at the Miami Heat standout’s former home? Model neighbors, literally. …
by Riccardo Ravasini 
Gary Barnett’s Extell Development sold a sponsor unit of the Central Park Tower at 217 West 57th Street nearly 50 percent below its asking price.
The 7,984-square-foot, four-bedroom unit was offered on the market at $95 million and sold for $49.7 million—the mystery behind the buyer, who protected his identity behind an LLC.
The residence with a 2,000-square-foot terrace and an outdoor pool was the building’s most expensive until it was surpassed by an 11,535-square-foot duplex created by the merger of two apartments and …
by Riccardo Ravasini 
According to the latest Redfin investor real estate report in July, home purchases by investors in Miami and Fort Lauderdale jumped a whopping 90% in the second quarter of 2021, compared with the same period the year before.
Investors bought 2,640 homes in Miami in the second quarter of 2021, up by about 91% compared with 2020. They purchased 2,163 homes in Fort Lauderdale in the second quarter, up by 183% from the same period a year ago, and they gobbled up 1,243 homes in West Palm Beach, a 53% increase from …
by Riccardo Ravasini
There were over 4,523 sales in the 3rd quarter 2021, more than triple the amount registered in the 3rd quarter of 2020 and still over 76% higher than the same period in 2019. It’s basically an all time record for volume of transactions.
Median sales price was at $1,115,000, up year over year by +1.4% and by +8.8% from the same period two years ago. While the average sales price was $1,874,942, down 14% from 2,179,777, skewed lower by the fact that the mix of apartments-sold included more units of smaller dimensions.
But how long did it take to sell an apartment? Sellers: you might …
by Riccardo Ravasini 
According to Bloomberg, Elon Musk’s The Boring Company emerged victorious in a bid to build an underground transportation system in Fort Lauderdale.
The system will be known as Las Olas Loop, and consist of two tunnels running 2.5 miles from downtown Fort Lauderdale to the beach.
Passengers of the transit system would be driven in dedicated Tesla cars (private cars won’t be allowed). Construction is estimated to take one year once the city gives the final green light.
Miami, which is said to be seeking a similar system, is now finishing pre-development and preparing an agreement for …
by Riccardo Ravasini