New York City’s multifamily market didn’t fare quite as well in July as it did in June, but it remained markedly stronger than it was at the beginning of 2017, with Manhattan in particular having its best month of the year.
There were 39 multifamily transactions across 69 buildings throughout July for a total of just over $630 million, according to a report from Ariel Property Advisors. These numbers were lower than the ones from June, with transaction volume falling …
by Riccardo Ravasini 
Which business moguls and celebs made out big in the last decade and who stomached the worst losses?
Woody Johnson – accepted a $77.5 million offer for his Upper East Side apartment in October 2014, he hit on a euphoric moment in the New York City real estate market.
Johnson & Johnson – their apartment at 834 Fifth Avenue was one of three sales that broke the co-op price record that year.
Leonardo DiCaprio, comedian Mike Myers and art …
by Riccardo Ravasini Looks like there are fewer cranes on the skyline these days. That’s because there are fewer construction projects rising as The Real Deal reports.
Dodge Data & Analytic’s also reported that construction on commercial and multifamily buildings fell 27% year-over-year to $7.2 billion in the first half of 2017. That’s a 63% drop from the $19.3 billion worth of starts in the first six months of 2015.
Pricing isn’t way down, but the number of units trading is down. Several …
by Riccardo Ravasini 
New York City remains a pipe dream for the vast majority of people who flock here every year to try launching acting and comedy careers, but there are some residents who can actually afford real estate.
The investment platform Sharestates analyzed numbers for New York City to determine which neighborhoods make more sense to buy in than rent. Sharestates used calculations for return on investment, after repair value, increase in demand over the past year and median sales price for …
by Riccardo Ravasini 
The good news for Miami apartment hunters is that rents haven’t gone up since the spring.
Since this spring the rents haven’t gone up that’s a good news for Miami apartment hunters. The bad news is Miami is one of the 10 most expensive cities in the U.S. for renters.
Zumper report says Miami Beach is one of the priciest parts of town, with the median rent for a one-bedroom reaching $2,300 in South Pointe and $2,250 in the Oceanfront …
by Riccardo Ravasini 
Latest report by Miami Association of Realtors says sales of existing luxury condos rose 51.1 percent year-over-year in July. The chairman of the Miami Association of Realtors said that “Sellers are becoming more realistic with their prices, especially at the top of the market.”
Luxury single-family home sales rose 9.6 percent year-over-year in July, from 73 to 80.
Existing condo sales increased 2.5 percent, from 1,104 to 1,132.
The median sales price was flat at $225,000.
Total sales volume …
by Riccardo Ravasini