Owning a home inside one of New York City’s most recognizable landmarks is now officially possible. The long-awaited conversion of the Flatiron Building is finally revealing its prices. Developers have filed plans outlining 38 luxury residences with a projected sellout of around $375 million. The first 18 units released range from just under $11 million for a 3,000-square-foot (280 m²) apartment to $50 million for a 7,400-square-foot (687 m²) duplex.
A spectacular penthouse with over 6,600 square feet (613 m²) of outdoor space will be among the most exclusive offerings, though pricing has yet to be announced. The project, …
by Riccardo Ravasini 
South Florida’s housing market is sending mixed signals in 2025. On one side, luxury homes and high-end condos continue to set records, with properties selling for over $100 million. On the other, older condos—especially those built in the 1980s—are stagnating. Many buyers are wary of outdated buildings facing costly repairs and stricter reserve requirements imposed after the 2021 Surfside collapse.
Today, 87% of the 25,051 condos for sale in the tri-county area are over 30 years old. Prices are being slashed, yet demand for this segment remains weak. Meanwhile, new …
by Riccardo Ravasini 
After years of decline, international buyers are once again shaping New York City’s real estate market in 2025. In the first half of the year, there’s been roughly one foreign buyer for every two foreign sellers—the best ratio since 2020. Last year, that number was far worse, with over three sellers for every buyer.
Sales to foreign buyers have doubled in volume compared to 2024, with most interest coming from Asia. Buyers are focusing on new developments in Brooklyn and Queens, attracted by luxury amenities and the …
by Riccardo Ravasini 
New York City’s hotel sector is having a standout 2025, outperforming the national market despite recent challenges. In the first half of the year, NYC hotels reached an average weekly occupancy rate of 82%, beating the national average by 20 percentage points. Revenue per available room hit $238.93 per night, more than double the U.S. average.
The city welcomed 64 million visitors last year and expects similar numbers in 2025, driven mainly by domestic tourism. Business travel, which makes up about 20% of hotel bookings, …
by Riccardo Ravasini 
Contract activity, or the number of signed contracts, is up 3.1% year over year, but remains 7.8% below the monthly historical average, showing that the market is still performing below typical seasonal levels.The median sales price for a Manhattan apartment is $1.23M, reflecting a 1.2% increase compared to a year ago. The supply, or the number of units available on the market, has decreased by 2.2% annually.Meanwhile, pending sales—units under contract—have risen by 18.7% year over year. As a result, the Market Pulse, which represents the pending-to-active ratio, stands at 0.51, indicating a balanced market.
Currently, …
by Riccardo Ravasini