A six-bedroom, 7,000 square feet of living space, with panoramic views of the Hudson River and Manhattan skyline, and a 5,000-square-foot terrace penthouse condo apartment at One High Line, a new development in West Chelsea has entered into contract at $52 million, and downtown $50 million sales are rare compared to uptown luxury enclaves.
Some of the few $50 million residential real estate sales in downtown Manhattan include a penthouse at 70 Vestry Street in Tribeca that sold for $56 million and another Chelsea unit at the Getty, which sold for $59 million — both sales were in …
by Riccardo Ravasini 
The monthly contract activity stood at 979 in June, down 6% both compared to last year and from the 1,042 historical average for the month. The Median Sales Price is $1,024,000, at the moment, 1.5% up from last year. The supply, which is the number of units on the market, stands at 7,003, down 6.8% from a year ago. While the number of pending sales, which is the number of units currently …
by Riccardo Ravasini 
Lionel Messi, widely recognized as the world’s most accomplished soccer player, has selected Miami as his new residence, generating significant excitement in the city’s real estate market.
Messi now possesses three units in Sunny Isles: a $5 million unit on the 47th floor of the Porsche Design Tower, and units on the 40th and 43rd floors of the nearby Trump Royale Tower, each purchased for slightly over $1 million.
Additionally, Messi’s family acquired a condominium on the ninth floor of Regalia, another oceanfront tower in Sunny Isles, for $7.3 million.
Nevertheless, these properties may only partially meet Messi’s …
by Riccardo Ravasini 
Renowned for its diverse offerings, the recently disclosed blueprints for the last segment of The Underline depict an array of captivating amenities. Expect an exquisite artisan market, a canine-friendly area featuring an agility course, outdoor pickleball, a skate park, half-court basketball, a miniature soccer field, a delightful tropical garden playground, self-sustaining micro-forests, elevated walkways adorning botanical rainwater ponds, and an abundance of beautiful public art will be seamlessly integrated throughout this $140 million urban trail and linear park, spanning a verdant expanse of 10 miles …
by Riccardo Ravasini 
Usually, the ideal time to be on the market is to launch sometime in March or April, but we are seeing a different trend, at least in terms of new developments. Despite a slowdown in April due to various factors such as holidays, spring breaks, and the First Republic bank failure, New York City’s new development got a fresh wind in May.
Surprisingly, higher interest rates have boosted demand for new developments, as potential sellers in the resale market are hesitant to list and lose their lower rates. Developers have no such …
by Riccardo Ravasini