Manhattan Real Estate Market Pulse | December 2022

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Is the residential sales market stabilizing?

Mortgage rates have been fairly flat in the last couple weeks and we might be seeing some stabilization taking place with some believing in a “soft landing” for the economy.

The monthly contract activity stood at 701 in November, down 46.7% compared to last year and down 18% from the 856 historical average for the month of November. The supply, which is the number of units available on the market, stands at ...

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The first tower in Miami taller than 1,000 feet

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The first tower in Miami taller than 1,000 feet

The Waldorf Astoria is set to become the first ever tower in Miami taller than 1,000 feet (it will top off at 1,049 feet).

According to a representative of the developer, the Waldorf Astoria is planned to include: 205 hotel rooms and 360 residential units.

A groundbreaking ceremony took place earlier this month, and construction is now underway.

(source: thenextmiami.com picture: thenextmiami.com)

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How Much Will Cleaning Up NYC Cost?

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How Much Will Cleaning Up NYC Cost?

A $14.5 million makeover will clean up New York City’s trashy side, Mayor Eric Adams said.

Adams unveiled “Get Stuff Clean”, a (literal) sweeping effort to clean more than 1,000 neglected areas across the city.

“America’s biggest city is going to be America’s cleanest city,” he said. “We’re investing more than $14 million this fiscal year alone to participate in the largest cleanup effort in decades.”

More than 200 new sanitation workers will be added to cleaning efforts across the city, the ...

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The Museum of Broadway

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The Museum of Broadway

The brand new Museum of Broadway opened on Nov. 15th at 145 West 45th Street. Visitors will now be able to journey through the memories of the city’s legendary theater district — from its inception to present day.

Museum-goers will be able to marvel at props and costumes from various shows over the years, from the simple red dress worn by the title character in “Annie” to more elaborate garb used in “The Phantom of the Opera.”

The space ...

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Manhattan Market Pulse – November 2022

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Manhattan Market Pulse – November 2022

The residential sales market is stabilizing in buyer’s market territory

The monthly activity stood at 727 signed contracts in October which is down compared to the 10-year historical average of 911 signed contracts for that month.

The supply, which is the number of units available on the market, stands at 7,450, up just 1% from a year ago. So the supply trend is normal. While the number of pending sales, which is the number of units that are currently in contract, stands ...

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