city Archives - Rava Realty

NYC war against illegal short term rentals

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NYC war against illegal short term rentals

NYC is flooded with illegal short-term rentals that do not comply with New York City law or building board guidelines. But a new effort to block illegal short-term rentals is launching January 9th. That’s when a new law, Local Law 18, goes into effect requiring owners and renters to register their short-term rentals with the Mayor’s Office of Special Enforcement. Hosts will get a registration number to display in listings. Sites such as Airbnb, VRBO, Booking.com, and others ...

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Office occupancy in New York finally hits 40%

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Office occupancy in New York finally hits 40%

Finally, good news for New York City’s office landlords as office occupancy pushed past 40 percent for the first time since the start of the pandemic. The Kastle Back to Work Barometer increased to 41.2 percent; Kastle Systems measures office occupancy by entry into office buildings.

“This is good news for our city’s recovery as the presence of office workers in the central business district is critical for retail, restaurants and other storefront businesses hit hard by the pandemic,” ...

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Miami Has Now Become “The Most Important City In America”

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Miami Has Now Become “The Most Important City In America”

Miami has become the most important city in America, FT Magazine has declared.

The city is now considered to be a “paradise of freedom,” attracting people from everywhere and of every political persuasion, the magazine wrote.

Many of the new arrivals are now attracted by the open environment in the city, in addition to the usual attractions of low taxes and good climate.

“The Miami Movement,” as mayor Francis Suarez calls it, gained momentum when Covid hit, and has grown so large that it has changed the city in a ...

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Governors Island Will Be Open Year Round

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Governors Island Will Be Open Year Round

A welcome escape from New York City’s typical hustle and bustle will now be open all year — and just a short ferry ride away.

The 172-acre island in New York Harbor opened wide to the public in 2006 after decades as a military installation.

Governors Island starting Nov. 1 will be open from 7 a.m. to 6:15 p.m.

NYC Ferry service will be offered on the South Brooklyn Route during weekdays and non-summer weekends, in addition to the existing Pier 11/Wall Street summer shuttle.

(source: patch.com, picture: patch.com)

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Renters are ‘frantic’ to return to NYC

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Renters are ‘frantic’ to return to NYC

Imagine wanting to ease back into your New York City life after being away for a year. You scan apartment listings and see your old place is available. Sounds like a great coincidence, right?

That’s what happened to many people, like Ranee Soundara, who let her apartment lease lapse during the pandemic, and was hoping to return to the city in October. There was only one problem: The place is “now almost 25 percent more than what I paid last ...

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MTA Unveils Next-Generation Subway Cars

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MTA Unveils Next-Generation Subway Cars

The next generation of subway cars is poised to hit the rails.

MTA unveiled their long-awaited R211 subway cars. Officials literally pulled a curtain to reveal the city’s first look at what could be a 1,600-car fleet crisscrossing subway lines.

Passenger service with the cars likely won’t start until September 2022, said Demetrius Crichlow, executive vice president and COO of New York City Transit. “We start qualifying and testing within the next few weeks, ...

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