Sales are still slowing down but at a lower rate. And this could imply that the trend might be turning around in the near future. We as brokers have experienced a busy month of December and we are starting to get more optimistic for 2020.
So here is the data:
The number of sales year over year declined by 1.2% in the 4th quarter of 2019 to 2,404 compared to the same quarter the year prior.
However, the number …
by Riccardo Ravasini 
One of the largest and most expensive development sites in the South Bronx is starting to come into focus. Developer Brookfield Properties has unveiled new renderings for its massive seven-building project along the Harlem River in Mott Haven, which also has a new name: Bankside.
The development will span 4.3 acres on either side of the Third Avenue Bridge, with more than 1,350 apartments (30 percent of which will be “affordable”), a new park fronting the Harlem River, and ground-floor …
by Riccardo Ravasini 
Miami’s Elysee tower has topped off, the developers announced in a press release. The glass tower is now at its tallest height of 57 stories and 649 feet, making it the tallest in Edgewater.
There will only be 100 units in the entire building, with residences that either take up half a floor or a full floor. Prices range from $1.8 million to over $10 million. Over the summer, a penthouse unit at Elysee sold for $12.8 million – a record …
by Riccardo Ravasini 
Did Amazon change Long Island City real estate?
Short answer: not really. – When Amazon announced its plans to bring part of its second North American headquarters to Long Island City, there was much hand-wringing about what the tech giant would do to the neighborhood—particularly in terms of real estate prices. But prices had already been rising in the area at a faster pace compared to Manhattan, even prior to Amazon’s announcement last …
by Riccardo Ravasini 
There are 3,416 Airbnb listings in Miami Beach for every 50,000 residents – by far the highest of any city in America, according to a new study.
The cities of Miami and Fort Lauderdale also rank in the top 10, with 1,033 and 1,015 Airbnb listings per 50,000 residents, respectively.
More than 350 cities were studied by IPX1031 using Airbnb data for the ranking. Airbnb is beginning to cater to those looking for Airbnb investment properties in Miami. The company has partnered …
by Riccardo Ravasini 
Amazon has inked a lease in midtown Manhattan less than a year after abruptly withdrawing from plans to bring half of its second North American headquarters to Queens, according to the the Seattle-based company.
The e-commerce giant has signed a lease for 335,000 square feet in the Hudson Yards where it will have more than 1,500 employees.
The arrangement is Amazon’s largest expansion in New York City since the company abandoned plans to situate half of its second headquarters in Long …
by Riccardo Ravasini